(31 July 2021) A couple of weeks of extreme weather and much gloom. I remain puzzled about the competence of our “Leaders”. They recently announced that they were selling more shares in RBS.
When the financial “crash” came the government, bought the shares in RBS at a fiver each (502 pence to be precise). This gave lots of people money (£45 billion) which was our money from taxes.
They have been slowly selling them off at a loss- the current price is about two pounds.
I fail to see how “the party of business” think this makes sense; selling an asset at a loss for short term expenditure. It puzzles me why this is not a major scandal.
Mr Branson and Bezos both went briefly into space recently. I thought it was pointless- they pollute the planet with various things, pump out a vast quantity of CO2 – for a 90-minute trip costing roughly £175,000.
It is not that I am a miserable curmudgeon about those who are super wealthy; it is the fact that they distort the allocation of resources away from much more needed things.
Finally, the Olympics is on. I like the Olympics especially the obscure sports. Sadly, the European Broadcasting union were outbid by Discovery+. So now much of this sport is behind a paywall; I will no longer have a chance to get genuinely gripped by something unexpected.
Furthermore I remain irritated when there are three races to decide the participants in a Final and they call them “semi-finals”. Surely they should be Tri-finals.
To cheer me up I am using one of my diminishing supply of kittens.
