The People’s Ponzi

We’ve been hearing quite a lot recently about Ponzi schemes, as the financial chickens come home to roost. A Ponzi scheme is an investment scam that promises investors a high rate of return but in fact is paying earlier entrants out of the money collected from later entrants. Eventually, for whatever reason, the scheme willContinueContinue reading “The People’s Ponzi”

The ‘G’ Word

At the end of March, the Brown regime announced plans to further nationalise the control of development in Wessex. Those who thought local opinion could not be sidelined any more than it is already will be sorely disappointed.Remember that when Labour took office in 1997 it inherited sweeping powers to interfere in local decision-making. WhitehallContinueContinue reading “The ‘G’ Word”