tag:blogger.com,1999:blog-364910932024-03-14T10:40:04.523+00:00Stop the Bureaucrats!This blog aims to be a place to vent our frustration about the difficulty of running a business, or even conducting a normal life, with Big Government trying to regulate everything from how we conduct ourselves to what we drive to what we watch on telly.Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.comBlogger31125tag:blogger.com,1999:blog-36491093.post-10748161462538755542010-10-07T22:31:00.001+00:002010-10-07T22:31:51.967+00:00I'm back!<div><p>This is my first post in a long time!<br>
I've moved to sunny CA and, guess what, bureaucrats are just as useless and incompetent as in Old Europe...</p>
</div>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com1tag:blogger.com,1999:blog-36491093.post-38604820812929771162009-11-07T12:34:00.001+00:002009-11-07T12:34:59.270+00:00All men are not equalOne of the most difficult things, for opinionated people such as myself, is to own up to past mistakes and admit that we've been wrong; especially when it comes to long-held beliefs.<br /><br />The reality is, it sometimes happens, and one has to show intellectual honesty and admit when one is wrong.<br /><br />I own up, and admit I was wrong: not all men (and women) are born equal.<br /><br />That is, when it comes to intelligence and common sense: my own change of heart, and realisation of past mistake, has come thanks to Prof. Cipolla's essay (cited below). In there, he clearly ascribes to the theory that intelligence, far from being a meta-characteristic of human behaviour, is instead a congenital personal trait, very much like hair colour, or height.<br /><br />It is worth re-stating here, that this is by no means a regression to Lombardism or a statement of some social, or, God forbid, racist, class superiority: I totally side with the late Prof. Cipolla's statement that "<span style="font-style: italic;">stupidity is an indiscriminate privilege of all human groups and is uniformly distributed according to a constant proportion.</span>"<br /><br />Although having read it for the first time many years ago, on this specific point I always remained sceptical, mostly believing he'd made it in jest, as it added a dimension of fatality and finality to the stupid man's affliction.<br /><br />In fact, for many years, I've clung to the evidence of men and women demonstrating great intelligence and achieving great things, and yet coming from deprived backgrounds, as evidence that, given an opportunity, our innate intelligence will shine through: I meekly realise now that I was commiting the same mistake I was berating against earlier (<span style="font-style: italic;">inverse causation</span>, see <a href="http://stopregulation.blogspot.com/2009/11/daft-stats.html">my earlier post</a>) and that this was, in fact, a blatant demonstration of the truths first espoused by Prof. Cipolla.<br /><br />My personal epyphany came about this morning whilst reading in The Economist about <a href="http://www.economist.com/world/britain/displaystory.cfm?story_id=14823790">another chapter in the saga of British banks' rescue</a> by this hapless Government, and I was hit by the sheer stupidity and incompetence that drove Mr Brown to push for Lloyds' takeover of HBOS: in The Economist's words, "<span style="font-style: italic;">Gordon Brown’s desperate government, however, chose to waive the rules.</span>"<br /><br />The end result? <span style="font-style: italic;">"[t]hat attempt was futile and the joint concern swiftly ended up a ward of the state, reliant on taxpayer support."</span><br /><br />Now, I hear you asking, what's all this got to do with stupidity being a congenital trait, as opposed to an acquired via (the old <span style="font-style: italic;">nature v. nurture</span> debate)?<br /><br />Well, if you think about it, this was an act of sheer stupidity and, although, some may like to cling on to conspiracy theories as to why a supposedly "economic mind giant" such as Mr. Brown had allowed, indeed, schemed behind the scenes, for this to happen, I do prefer to subscribe to <a href="http://en.wikipedia.org/wiki/Hanlon%27s_razor">Hanlon's Razor</a> ("<span style="font-style: italic;">Never attribute to malice that which can be adequately explained by stupidity</span>.")<br /><br />So, there you have it: many people in the Government and Treasury (chief among them Mr. Brown and Mr. Darling the puppet-Chancellor) all presumably from privileged background, all having received expensive (most likely, private) education, attended elite universities, etc. and yet all behaving incredibly stupidly.<br /><br />I cannot think of any better proof of intelligence being a congenital trait, one which, alas, this Government is sadly almost totally bereft of.<div class="flockcredit" style="text-align: right; color: #CCC; font-size: x-small;">Blogged with the <a href="http://www.flock.com/blogged-with-flock" style="color: #999; font-weight: bold;" target="_new" title="Flock Browser">Flock Browser</a></div>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com1tag:blogger.com,1999:blog-36491093.post-27042166229547326882009-11-06T21:24:00.001+00:002009-11-06T21:28:49.852+00:00Never forget the Third (Golden) Law<a href="http://wwwcsif.cs.ucdavis.edu/%7Eleeey/stupidity/basic.htm" title="Figure 1"><img style="margin: 10px 10px 0pt 0pt; float: left; width: 272px; height: 340px;" title="" alt="Figure 1" src="http://wwwcsif.cs.ucdavis.edu/%7Eleeey/stupidity/images/stupidfig1.gif" border="0" /></a><br /><br />After posting the last entry, I found myself reading Prof. Cipolla's <a href="http://wwwcsif.cs.ucdavis.edu/%7Eleeey/stupidity/basic.htm">delightful e</a><a href="http://wwwcsif.cs.ucdavis.edu/%7Eleeey/stupidity/basic.htm">ssay on the Laws of Stupidity</a>.<br />It seems clear to me that the episode I described below can be fully explained by the Third law.<br /><br />No matter how many times I read it, it never fails to hit me with Prof. Cipolla's wisdom, God rest him in peace. <div class="flockcredit" style="text-align: right; color: #CCC; font-size: x-small;">Blogged with the <a href="http://www.flock.com/blogged-with-flock" style="color: #999; font-weight: bold;" target="_new" title="Flock Browser">Flock Browser</a></div>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-27878654748838467922009-11-06T17:36:00.001+00:002009-11-06T17:36:28.400+00:00Daft statsI have stated in the past that incompetence does not confine itself to the Public Sector; it lives happily in private companies, particularly large ones; and it would appear that HR is a preferred abode of it.<br /><br /><a href="http://www.fotosearch.com/results.asp?keyword=glamorous+business+woman&category=&searchtype=sss" title=""><img style="margin: 10px 10px 0pt 0pt; float: left;" title="" alt="" src="http://www.fotosearch.com/bthumb/APX/APX008/00821AP08090.jpg" border="0" /></a>Please allow me to explain.<br /><br />Most organisations recruit people because of specialist skills: mine, for example, prides itself in recruiting "the best and brightest" in the field of software development and ruthlessly select on entry. <br />Subsequently, employees progress in their career (or not) on the basis of their skills and abilities that, increasingly these days, means an ability to effectively deal with information and data, and typically (certainly in our company) in very large volumes.<br /><br />This means that, on average, our staff is highly numerate, with a computer or scientific background and a keen grasp of statistics; and we are not talking the sort that helps you figure your chances of drawing an ace from a deck of cards, we're talking multi-variate statistics, clustering and inference.<br /><br />Not so HR -- after all, they need to possess so-called "soft" skills, "people management" abilities; the sort, you understand, that cannot really be assessed by asking a question of the sort that has a "right"/"wrong" answer; and, similarly, their career progression cannot be assessed really by whether what they did crashed the data center, or achieved massive economies of scale.<br /><br />The result is that you end up with, for the most part, with Humanities graduates, who have, at best, a very basic understanding of primary-school level arithmetic, usually rather pretty girls with more legs than brain (if the above, or the following, sounds sexist and is offensive to you, then I'm pleased: it is meant to).<br /><br />Take for example, a recent decision to terminate a sabbatical program that entitled workers with a few years' tenure to take a couple of months' unpaid leave, without losing access to benefits and options vesting: nothing earth-shattering, a nice little perk that was meant to allow people to "recharge batteries" before coming back for a new sprint.<br /><br />Now, in these days of mass redundancies, foreclosures and <a href="http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/telecoms/6189984/Orange-owner-France-Telecom-to-act-after-23-suicides-by-staff.html">people taking their lives because of stress at work</a> (granted, they're French: they find stressful working more than 35 hours and not having Bordeaux to wash their two-hour lunch) complaining about that perk being taken away sound at best insensitive, and at worst churlish.<br /><br />However, I found rather hilarious the rationale that was given for the decision: they looked at the data, analysed it, and spent a great deal of time debating it; then decided to terminate the programme, because they found that "more than 50% of those who were taking the sabbatical, would subsequently leave the company."<br /><br />Which, to me, is the perfect example of inverse-causation: in other words, having forgotten that you are analysing data for a biased sample, you reverse the cause with the effect.<br /><br />I considered suggesting in jest that, based on my "detailed statistical analys of a random sample of leavers," I'd discovered that 100% of them were observed taking a monthly paycheck, so they ought to take that one perk away too.<br />But then I thought of those leggy HR colleagues, and desisted: one never knows, they may actually think it's great advice based on solid statistical analysis.<br /> <div class="flockcredit" style="text-align: right; color: #CCC; font-size: x-small;">Blogged with the <a href="http://www.flock.com/blogged-with-flock" style="color: #999; font-weight: bold;" target="_new" title="Flock Browser">Flock Browser</a></div>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-12361303407240306042009-11-01T18:12:00.003+00:002009-11-01T19:19:33.956+00:00Shoot the MessengerYou must love this Government....<br /><br />So, they realised that to give themselves some sort of credibility, when dealing with matters of which the politicians know close to nothing (which is to say, 99% of reality) they need "scientific advisors."<br /><br />The approach would also be rather agreeable: politicians decide on general policy approach, based on the real or perceived mandate they have received from voters, supposedly on the basis of their election manifesto(*), and scientists provide expert advice to support those decisions and, ideally avoid bad ones.<br /><br />Sadly, Labour does not quite like scientific advice (and reality, in general) when it conflicts with their grand ideals and principles.<br /><br />Take drugs, for example.<br /><br />I have never taken drugs, so I will admit I am not best placed to judge, and I have never smoked either: I do drink, but only moderately, so can't really say I'm well place to judge on the relative merits or ills of any of those endeavours: however, I've seen plenty of my friends smoking pot in the good old days of college, and not one of them came even close to what you routinely see outside pubs and bars at weekends.<br /><br />And, I do remember what my dad's healt looked like before he quit smoking (more than 30 years ago: today a springly 70-year-old, he's easier to find on a tennis court thrashing youngsters, than reclining and wheezing on a chair...).<br /><br />So, on the basis of very limited observations, I would say that cannabis and other similarly 'light' drugs are not worse, and possibly better, than "booze and fags," the daily diet of our working classes.<br /><br />Still, I would rather abstain from making judgments, and would turn to the "experts" to see which is worse, possibly on the based on "double-blind" studies, mass epidemiological and clinical data and whatever else the scientific community can come up with.<br /><br />Not Labour.<br /><br />Here's how it works in Brown's La-la-land: drugs are Evil, booze is not so good, but still Ok (he's a Scot, after all...) and fags, lest we forget, bring a neat dollop of cash to the Treasury these days.... so:<br /><ol><li>ask for Scientific Advice;</li><li>receive Scientific Advice - decide you don't quite like it (reality intrudes on your good story);</li><li>decide that phony, unreliable Scientific Advice (cannabis produces depression and schizophrenia) is more to your liking (I'd argue that, if one does make use of cannabis, he's got already some "issues" to deal with; so, at best, the sample is biased and research is tainted, but let's not start splitting hair);<br /></li><li>reject the Scientific Advice you don't like (but that you did ask for in the first place) and instead publish a policy that punches common sense right on the nose (cannabis is now as dangerous as heroin) to the obvious dismay of all those (very few, I'd say) who still do value common sense (but to the obvious delight of drug traffickers, who see their profits leap up all of a sudden);</li><li>when the Scientific Advisor (who turns out to be a good guy, and nowhere near as bent and ready to be your puppet as you'd have reasonably expected him to be) dares to vent his frustration at this "rape of common sense", sack him: who needs scientists, when we have our morals and religion to guide us?<br /></li></ol>There you are: PM Brown at his finest.<br /><br />(*) the fact that Election Manifestos are not worth even the (glossy) paper they're written onto has finally been made plain by Labour: who can forget that two pillars of Labour's election pledge where (a) a Referendum on the Lisbon Treaty and (b) not to raise taxes.<br />There you go...<br /><br /><br /> <div class="flockcredit" style="text-align: right; color: #CCC; font-size: x-small;">Blogged with the <a href="http://www.flock.com/blogged-with-flock" style="color: #999; font-weight: bold;" target="_new" title="Flock Browser">Flock Browser</a></div>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-47032916288934777162008-01-20T12:23:00.000+00:002008-01-20T12:33:39.057+00:00the 35-hours server<span style="font-family: verdana;">It turns out that, in the Public Sector, not even servers can be made to work outside office hours: I just tried to file online our accounts at Companies House, and I was unable to do so; not because of a sudden outage (regrettable, but it happens) but because they do not offer the service at weekends and between midnight and 7am.</span><br /><br /><span style="font-family: verdana;">I seriously tried to think of a plausible reason why it is so. I failed.</span><br /><br /><span style="font-family: verdana;">If anyone can think up of a good reason (technical or otherwise) why an online service should not run 24/7 can you please get in touch and take me out of my misery?</span><br /><br /><span style="font-family: verdana;">I work for Google - we consider it a serious downtime anything longer than a </span><span style="font-weight: bold; font-family: verdana;">few minutes per year</span><span style="font-family: verdana;"> in one of our many data centers (users would barely be affected as the request would be instantaneously re-routed to another center - ok, maybe adding the odd millisecond) and, let's face it, for all the grand-standing about changing the world, we do not handle matters such as Company accounts and Directorship and share filing - were we to do so, I'm sure we would flinch at a few seconds downtime (planned or unplanned - it just wouldn't do).</span><br /><br /><span style="font-family: verdana;">But, hey, </span><span style="font-weight: bold; font-family: verdana;">Her Majesty's Companies House thinks it is all good and well to be out of reach for about 100 hours each week</span><span style="font-family: verdana;"> - after all, those underlings can wait, can't they?</span>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-87156413755125193592007-12-02T17:07:00.000+00:002007-12-02T18:58:25.415+00:003,200 Brits are lost every year during airport transfers<span style="font-family:verdana;">Ok - so I've made that one up... so what?</span><br /><br /><span style="font-family:verdana;">It is well known the penchant of Labour Government for (mostly phony) statistics - usually taken either out of context, or derived from moronically extrapolating trends over ridicoulous lenghts of time.</span><br /><br /><span style="font-family:verdana;">Take the one that has made the headlines this week about the population of England doubling in size to 110 milion, by the year 2178 (or whenever): whoever came up with that number (most likely, a Government-funded research quango) simply took the population increase over the last, say, 5 years, added some exponential growth immigration factor, fired up Excel and "dragged" the numbers until it got where it wanted it to be.</span><br /><br /><span style="font-family:verdana;">However, rather than berating the stupidity of such approach, I decided to follow this sterling example and come up with some statistics of my own - and invite everyone to contribute.</span><br /><br /><ul><li><span style="font-family:verdana;">In London, you are never more than 2 yards away from a chav;<br />(heard on Radio 4)</span></li><li><span style="font-family:verdana;">In the year 2013, the average weight of single mothers in Luton will be 15 stones;</span></li><li><span style="font-family:verdana;">There are more than 66m people with learning difficulties in Europe;</span></li><li><span style="font-family:verdana;">The average donation to Labour Party is £4,567 - excluding those from dodgy businessmen;</span></li><li><span style="font-family:verdana;">Each Public Sector worker contributes on average 2.5 tonnes Carbon emissions over the duration of her career, whilst providing a negative contribution to GDP of 0.35%;</span></li><li><span style="font-family:verdana;">In the year 2030 the number of Public Sector workers will exceed the total number of private sector workers, people on benefits and dogs in the UK.</span></li></ul><br /><span style="font-family:verdana;">Who knows? some of these may even turn out to be true!</span>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-45323997688787412032007-10-10T21:58:00.000+00:002007-10-10T22:06:00.113+00:00Losing the plot<span style="font-size:100%;"><span style="font-family:verdana;">So it is now official: the British Government is back with the Tories.</span><br /><br /><span style="font-family:verdana;">Yes, I know the Prime Minister and his cohort declare themselves to be Labour and - to be frank - the rhetoric and tax & spend attitude is that of a true left-leaning bunch, but, let's face it, the Tories now have just to announce policies (not even pledge to implement them) that Labour scrambles to implement them without even a hint of embarassment.</span><br /><br /><span style="font-family:verdana;">It may well be that it is truly because they are marvellous and wondrous policies that appeal to the left as they do the right.</span><br /><br /><span style="font-family:verdana;">Me, being the cynic that I am (no, Mr Blair, being a cynic is not so bad and, in fact, beats being a liar anytime) I tend to believe that they do it because (a) they run around like headless chicken chasing the latest opinion poll and (b) because they are now so ideologically lost in space that they have to wait for someone else to come up with something, anything, they can copy.</span><br /><br /><span style="font-family:verdana;">What a sad state of affair...</span><br /><br /></span>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-79589727455932349282007-10-08T21:07:00.000+00:002007-10-08T21:17:14.077+00:00The true mark of a bureacrat<span style="font-family:verdana;">I've always felt that Mr Brown would have been more at ease in some obscure office somewhere deep in the bowels of Public Sector-landia - and, indeed, how so much better would have been for Country and wallet!</span><br /><br /><span style="font-family:verdana;">And now he has finally revealed the </span><span style="font-style: italic;font-family:verdana;" >true mark of the bureaucrat</span><span style="font-family:verdana;"> - that is, that innate, congenital, irrational fear of accountability: the dread of coming to terms with one's acts, assuming responsibilities for all the deeds (or, indeed, the mishaps) one has committed whilst in office.</span><br /><br /><span style="font-family:verdana;">Hence, no election - the English people has been denied the right to make its voice heard.<br /><br />It occurs to me that England is that most strange of places, where an <span style="font-weight: bold;">unelected </span>official can climb to the chair of Prime Ministership without </span><span style="font-weight: bold;font-family:verdana;" >ever</span><span style="font-family:verdana;"> having to stand to the English people's scrutiny: because, lest we forget, it is a bunch of few Scots, who, for want of better alternatives, one would assume, have chosen Mr Brown as their elected representative.</span><br /><br /><span style="font-family:verdana;">Those same Scots, lest we forget, who have kicked out Labour from their own Country's Government, whilst at the same time inflicting the tax & spend scourge upon us all.</span><br /><br /><span style="font-family:verdana;">What a joke - they must be laughing their socks off, North of the border!</span>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-52554887738071065752007-09-29T15:48:00.001+00:002007-09-29T15:48:28.948+00:00The Land of Incompetence<span style="font-size:100%;"><span style="font-family:verdana;">Came back the other day from the US and was immediately confronted with the usual rain and gloomy weather that one should expect from the UK in October.</span><br /><br /><span style="font-family:verdana;">That, in general, fails to "rattle my cage" and I was not terribly upset by it - all after all, if it was sun what I was after, I could have as well stayed put in Italy and enjoy long, laid back days at the beach eating pasta and sipping Chianti...</span><br /><br /><span style="font-family:verdana;">What really depresses me is that, after more ten years of failed public sector projects and ideas, a bungled (and messy) tax credit system, the display of complete incompetence during the recent banking crisis, and, lest we forget, the Iraqi catastrophe, still Labour (and, of all people, "tax-&-spend" Gordon) still enjoys a lead in the polls.</span><br /><br /><span style="font-family:verdana;">Really - what on Earth possess the British public?</span><br /><br /><span style="font-family:verdana;">Can the vast majority of Englishmen and women be so totally blind to the astonishing incompetence that permeates now all walk of the Public Sector?</span><br /><span style="font-family:verdana;">Can the youths be all so busy getting drunk and getting laid that they are ready to forgive a Government that lied to the Country and allowed hundreds of thousand of lives to be lost?</span><br /><span style="font-family:verdana;">Can the elderly have all gone so hopelessly senile that they have completely missed how their health is being jeopardised by the awful mess the NHS is in?</span><br /><br /><span style="font-family:verdana;">I will accept that Cameron's Conservatives can hardly lay claim to competence and infallibility (what in the name of God are the Tory right-wingers up to? giving Labour another ten years in government?) but it would be extremely difficult (I'd say impossible) to beat Labour on incompetence, failed Public Sector projects and generally wasting taxpayers' money on a grandiose scale.</span><br /><br /><span style="font-family:verdana;">Lest we forget:</span><br /><br /></span><ul style="font-family:verdana;"><li><span style="font-size:100%;">Metronet - the poster-child of the PFI, the very creature of Mr Brown's warped economics - going bust, after sucking (and wasting) £11bn of public money, leaving London's Tube modernisation programme in total disarray;</span></li><li><span style="font-size:100%;">the IT upgrade of the Benefits Department, that had to be abandoned after spending hundreds of £'m, and getting absolutely nothing;</span></li><li><span style="font-size:100%;">the Dome (need I say anything?)</span></li><li><span style="font-size:100%;">the Olympics budget - nearly quadrupled (and we are still 5 years away) with very little to show for it;</span></li><li><span style="font-size:100%;">the complete failure to modernise the NHS, which, after £'bn of investment, still boasts the worst rate of cancer survival in Europe and the worst record in fighting infections (MRSA, anyone?);</span></li><li><span style="font-size:100%;">the tens of £'m wasted on the ID cards project, with realistic estimates of the costs at more than 10 times the Government's estimates (and it hasn't even started yet...)</span></li><li><span style="font-size:100%;">tax credits for working families (as if the others are sitting idle...): quite apart from the absurd complexity of the scheme (another brainchild of Mr Brown) it has resulted in hundreds of £'m lost in "overpayments that cannot realistically be recovered, ever" (even by the Inland Revenue's own admission);</span></li><li><span style="font-size:100%;">the Home Office - a sick joke of incompetence, waste and complete lack of accountability: now multiplied by two, with the likely duplication of most office functions with the creation of the Ministry of Justice (as it's obvious to anyone, but the self-serving politicians, by multiplying the number of bureacrats one only multiplies the level of incompetence and waste);</span></li><li><span style="font-size:100%;">and on and on and on...</span></li></ul><span style="font-size:100%;"><br /><span style="font-family:verdana;">But then, maybe, it is quite possible that after ten years of bureacratic incompetence people have become so used to it to consider it an acceptable norm - no longer to be outraged by officials wasting, literally, billions of pounds on ill-conceived, and worse-executed, initiatives and projects.<br /><br />The Land of Incompetence, indeed.<br /></span></span>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-74884571821519264592007-09-23T18:57:00.000+00:002007-09-23T19:13:54.438+00:00Saving the banks<span style="font-size:100%;"><span style="font-family: verdana;">So, last week, to save Northern Rock from a devastating "run" (that would have, as panic runs go, naturally have ended with the bank running out of cash and being declared insolvent) the Chancellor -- with enthusiastic </span></span><span style="font-size:100%;"><span style="font-family: verdana;">support of the FSA and the Bank of England -- stepped in and, essentially, said that taxpayers' money was at hand to guarantee all depositors' moneys.<br /><br /><br />Nothing wrong with it, surely?<br />These are, for the most part, ordinary people, like you and I, and deserve to be protected by the nasty consequences of global finance markets turmoils, and the greed and incompetence of the 'fat cats' bankers. Do they not?<br /><br />Well, yes, in a sense, but the real question is, at what price?<br />The immediate consequence is that the 'run' has ended, Northern Rock has been spared more dire consequences, other banks (C&G and Alliance & Leicester were rumoured to be next) have escaped unharmed, and ordinary folks are safe in the knowledge their hard-earned money will be there when they need it.<br /><br />An unqualified success for all involved, then?<br /><br />A well-known concept in economics is that of 'moral hazard': that is, investors and bankers are more likely to take greater risks than would be rational (sub-prime lending, anyone?) if they know that someone with big pockets (the State) will step in and save them if things go horribly wrong (as they do, almost invariably).<br /><br />In other words, we have witnessed today that some banks and institutions are "too big to fail" and that the Government, for political expediency, is well prepared to squander taxpayers' money to protect the above-mentioned 'fat cats'.<br /><br />These bankers, in fact, by investing large sums in riskier assets have indeed generated excess returns in good times, and pocketed large bonuses (the last 3-4 years have seen monumental increases in City bonuses, usually paid around Christmas' time) - but, when the time came to pay for the deed -- that is when these 'riskier' assets prove to be, well, riskier, and the most foolish were exposed, big Nanny State intervened to save their necks.<br /><br />it is only too easy to predict that, next time round, the bets will be bigger, the risks greater and the heights from where to fall higher - but, no matter, our Tax monies will be there to save and protect City bankers, no matter how greedy, incompetent or foolish.<br /><br />Well done, Mr Brown - indeed a worthy achievement for a Labour PM.</span></span><span style="font-size:100%;"><span style="font-family: verdana;"></span><br /></span>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-57688822172681141172007-08-17T10:45:00.000+00:002007-08-17T10:47:31.911+00:00Tides and waves in the financial market<span style="font-family: verdana;">...it just occurred to me whilst reading the Economist about recent turmoils in the financial market: one could paraphrase Mr Buffet of Hathawy Berkley (aka "the sage of Omaha") and say: "it's when the tide goes out that one can tell the boats from the turds"</span><br /><br /><span style="font-family: verdana;">Rude, I know ;-)</span>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-62172765183379919582007-08-17T08:40:00.000+00:002007-08-17T09:10:59.715+00:00Tax & Spend (& Kill)<span style="font-size:100%;"><span style="font-family: verdana;">Yet again Labour is at work to raise taxes, no doubt to plunge yet more money into hapless public sector projects.</span><br /><br /><span style="font-family: verdana;">This time round, it's Capital Gains tax (CGT) that's under scrutiny: according to the </span><a style="font-family: verdana;" href="http://www.ft.com/">FT.com</a><span style="font-family: verdana;">, Alistair Darling "is considering an increase from 10 to 20 per cent in the base rate of capital gains tax for investments classed as business assets, such as holdings in unlisted companies or shares owned by employees." (</span><a style="font-family: verdana;" href="http://www.ft.com/cms/s/80feb240-4c3b-11dc-b67f-0000779fd2ac.html">FT.com, 16 Aug.</a><span style="font-family: verdana;">)<br /><br />Although to the clueless (and I freely include in this category the entirety of Labour party) this would be a way to tax the "fat cats" of private equity, it will, instead, have the usual "<a href="http://en.wikipedia.org/wiki/Unintended_consequence">uninted consequence</a>" of dampening even more the ability of small start-ups to attract and retain talented people, and, ultimately, to drive away venture capital investment from the UK.<br /><br />The reality of the matter (which clearly escapes our erstwhile ministers) is that the very people this tightening of tax rules should affect (the super-rich, mega-millionaires who drive multi-£bn deals) have no "UK domicile" for tax purposes (or can easily obtain that, if the tax burden becomes too much).<br /><br />The ones affectes are the likes of you and I: ordinary folk, working in excess of 16 hours a day on a business idea, whose only </span></span><span style="font-size:100%;"><span style="font-family: verdana;">reward </span></span><span style="font-size:100%;"><span style="font-family: verdana;">(uncertain, and at some point in the future) is in the value of stock options. We are quite unlikely to get domiciled in the Bahamas, and even less likely to afford to hire expensive lawyers and accountants to tell us how to dodge the tax bullet.<br /><br />Because of the risk, uncertainty of outcome and time delay, the final reward attached to stock options must necessarily be quite high to compare favourable with today's "loss of earnings:" by using the universally accepted Discounted Cash Flow - DCF - to arrive at a Net Present Value - NPV - that one uses to compare a certain outcome today (say, a defined monthly salary and a pension at 60 years of age in the Public Sector and the certainty of not being fired, irrespective of how badly one can screw up) with an expected, but uncertain, outcome some years in the future.<br /><br />The "unintended consequence" of those tax changes then will be to drive even less people into starting new businesses, driving innovation, and into making Britain an (even) less attractive place to invest into - driving up at the same time the cost of hiring talented people (the lower the value of stock options tomorrow, the higher the salary I want today).<br />Additionally, VCs and their ilk, when deprived of the kind of returns they expect (given the risk profile attached to their investments) will be even less likely to bother with smaller enterprise (the ones needing between £500k and £2m).<br /><br />They won't care anyway - they can easily invest in China, India, US, Ireland, or wherever takes their fancy: away from tax-crazy Britain.<br /><br />Why is it that our politician are so myopic they can't even see across the Irish Sea: there, a significant reduction in the level of taxation has driven the economy onwards and upwards, making Ireland one of the most attractive places in Europe (and the world) to invest and work, and the Irish people have moved from one of the poorest in Europe to being among the wealthiest and happiest (if only the weather would co-operate, we would all move there, wouldn't we?)<br /><br />And, guess what? The Irish Government has never had it so good, raking in tax revenues at a record rate, and expanding the expenditure in public services at a much greater rate that even our rapacious Gordon "tax-and-spend" Brown, can only dream of.<br /><br />But, oh, no - Labour still lives in this 70's zero-sum game mentality: if you have success in life it surely must be at someone else's expenses, so "they'll squeeze till you squeak."<br /></span></span>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-47034810370343926502007-05-20T10:56:00.000+00:002007-05-20T11:25:02.512+00:00Blair Legacy<a style="font-family: verdana;" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://newsimg.bbc.co.uk/media/images/42907000/jpg/_42907189_blairwave_ap203b.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 219px; height: 164px;" src="http://newsimg.bbc.co.uk/media/images/42907000/jpg/_42907189_blairwave_ap203b.jpg" alt="" border="0" /></a><span style="font-family:verdana;">In little over a month's time, Mr Blair will step down from being UK's Prime Minister, handing over power to Labour's "incoronated" new leader, Mr Brown.<br /><br />Personally, I am unsure whether to be jubilant for seeing the former go, or appalled to see the latter take over; but that's probably an issue best left for another day.<br /><br />What I'd like insted to do here would be to publicly express my personal thanks (yes, you've read it correctly: thanks) to Mr Blair, for proving, irrefutably and irrevocably, one of my most fundamental beliefs: <span style="font-weight: bold;">one cannot make Public Sector service work by throwing more money at them</span>.<br /><br />It is, indeed, regrettable that this had to be achieved by wasting several hundred billion pounds - money that we, the taxpayers, could have more efficiently and enjoyably spent on goods and services that matter to us, instead of being poured down the drain chasing "targets" that only matter to policy wonks and to obscure civil servants; but, then again, it was probably inevitable that this had to be done, as, at least once in a generation, this point has to be (expensively) proved again and again, to an uneducated and forgetful voting public.<br /><br />In fact, a very similar lavish waste of taxpayers' money on irrelevant and apathetic public workers and services had already been undertaken by Labour in the 70's (and elsewhere in the world: the Democrats in the US, various left-wingers across the globe and, surprisingly enough for those who don't know better, by endless centrist governments in Italy) to little or no effect on their efficiency and/or effectiveness.<br /><br />Thankfully, a brief surge in this kind of waste (and the subsequent abismal display of incompentence and general useleness) was sufficient to wake up voters to reality and swing them back to more sane, market-oriented policies.<br /><br />Not so this time - partly due to a particularly benign global economic environment, partly due to Mr Blair's quasi-hypnotic power of persuasion, but mostly due to the pathetic state of the Conservative party, it has taken the best part of ten years for the British public to start asking questions about the sanity of showering tens and hundreds of billions on unreformed, inefficient and largely useless public sector services.<br /><br />I still remember being infuriated, at the time, by all the talk about public sector being "underfunded" - this was mostly from people who failed to realise that the use of "under-" (or "over-," for that matter) requires a standard comparison metric to be meaningful: a service, or business, is under- or over- funded only relative to its stated goals, and a generally accepted industry best practice.<br /><br />But this was, rather conveniently, lost in election speeches and on the tabloid-reading electorate who lapped up New Labour's New Truth.<br /><br />Well, all this is history now: we all now know (even Sun readers) that it is not for want of money that public sector is incapable of delivering half-decent services, with anything approaching a minimum level of respect for its users.<br />All the extra investment has been gobbled up in ill-thought (and worse implemented) titanic IT projects (most of which have either floundered in spectacular fiascos or are running several billions over budget, years behind), equally titanic (and equally over-budget and years late) construction projects and, naturally, in inflated pay rises for public sector workers.<br /><br />Who have not, as any sane private sector employer would have done, been asked to work harder, longer or, simply, using a bit more common sense: they were just gifted with pay rises, without any regard for individuals' competence and merits.<br /><br />And as we all in the private sector, running our businesses, well know there is nothing like this to sap the dedication and motivation of the best workers, and reinforce the worst ones' conviction that working hardes is for fools.<br /></span>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-19534351141171901162007-05-04T23:34:00.000+00:002007-05-20T10:48:47.815+00:00God bless the Scots!<span style="font-size:100%;"><span style="font-family:verdana;">It took 10 years' of pathetic display of incompetence, but even in Scotland voters gave a good kicking to Labour's tax & spend policies.</span><br /><br /><span style="font-family:verdana;">I don't know (and, not being Brit, not much care) as to whether this will eventually lead to independence for Scotland (if this is what the Scottish people ultimately want, so be it) - what it really gives me a great sense of hope that, despite Labour attempts to "drug" the proud people of Scotland with handouts, benefits and pointless welfare initiatives, they got the kicking they so richly deserve.</span><br /><br /><span style="font-family:verdana;">I now feel a lot better about those £1,500 a year of my taxes (this is true of every taxpayer in England) that are funding some Scot's welfare subsidy - go ahead, mate, enjoy it: you deserved it!<br /><br /><span style="font-size:85%;"><span style="font-weight: bold;">Postscript</span><br />I was in Edinburgh over the Easter weekend and I was absolutely blown away by the beauty of the city and the kindness and warmth of the people there - we will definitely be going back with my family, we are all really looking forward to a tour of the great Scottish castles.<br /><br />And, I suppose, it also helps the fact that I'm in absolute love with the Scottish accent - my only regret is that I'll never be able to fake it ;-)</span><br /></span></span>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-27692161327894616502007-04-24T07:36:00.000+00:002007-05-20T10:49:11.351+00:00"No Policies"<span style="font-size:100%;"><span style="font-family:verdana;">They just don't get it, it is such an alien concept to Labour that, when one tries to explain to them that the State cannot regulate every single aspect of people's lives, their first reaction is "yes, but you are not proposing any policy!"</span><br /><br /><span style="font-family:verdana;">Well, that was the whole point, wasn't it?</span><br /><br /><span style="font-family:verdana;">The latest example was David Cameron's assertion that thousand of ASBOs, countless police targets; an avalanche of new laws; and, generally, a legislative hyperactivity; were doing nothing to make our society more secure - in fact, by clogging the system and drowning the police and the judiciary in mountains of paperwork, they were causing more harm than good.</span><br /><br /><span style="font-family:verdana;">So he suggested removing all the bureacracy and meaningless ministerial targets, setting clear guidelines, streamlining the criminal code, and then expecting people to follow those guidelines by acting responsibly. Or else.</span><br /><br /><span style="font-family:verdana;">To me, that sounds sensible stuff - if you want someone to act responsibly, you must give that someone some responsibility; or they'll never ever learn how to.</span><br /><br /><span style="font-family:verdana;">Take ASBOs, for example (those are "Anti-Social Behaviour Orders:" essentially, restraining orders placed mostly on mis-behaving youths and banning them from being out after a certain time or being in certain areas or associating with certain people).</span><br /><br /><span style="font-family:verdana;">They are hailed by the Labour Government as a big success and one of the main means they have reduced local crime and vandalism.</span><br /><br /><span style="font-family:verdana;">Perhaps.</span><br /><br /><span style="font-family:verdana;">However, it recently emerged that, far from being scared by them and cowed into leading a quiet and tranquil life as moody teenagers, actually many of these "looting youths" see ASBOs as a badge of honour and they actually seek to get them and then brag about it (whilst at the same time, happily breaking them all the time, because there are obviously not enough police resources to keep tabs on them all).</span><br /><br /><span style="font-family:verdana;">And similarly for police targets: excellent idea, in theory; in practice, they require such huge effort and time wasted in paperwork that, effectively, the very existence of targets causes a drop in police productivity.</span><br /><br /><span style="font-family:verdana;">And I could carry on, talking for example about the literally thousand of new laws introduced by Labour over the past 10 years: each one of them perhaps excellent and laudable, yet their collective effect causing such confusion, so as to reduce the effectiveness of the judiciary system overall.</span><br /><span style="font-family:verdana;">And that not according to some opposition MPs or libertarian activist, but to some very senior judges.</span><br /><br /><span style="font-family:verdana;">I believe the time is now right to reverse this lamentable state of affairs and recognise that the State cannot regulate and oversee over all of society's activities: people don't always eat as healthily as we would want them to, they don't seem able to quit smoking, they are not always as good parents as we would wish them to be, and they not always seem to want to work as hard as we'd expect them to.</span><br /><br /><span style="font-family:verdana;">Well, maybe that's life and one should accept it.</span><br /><span style="font-family:verdana;">Or maybe they would behave more responsibly, if, instead of treating them as toddlers <a href="http://stopregulation.blogspot.com/2007/03/throwing-tantrum-sometimes-i-feel-like.html">throwing tantrums</a>, we were to give them the opportunity to learn and accept their individual's responsibilities.</span><br /><br /><span style="font-family:verdana;">So, yes, less policies. Or no policies at all.</span><br /><br /><span style="font-family:verdana;">And that's exactly my point.</span><br /></span>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-56177987696064936282007-04-22T16:19:00.000+00:002007-05-20T10:49:40.551+00:00Blowing it<span style="font-family:verdana;">Apparently, the self-styled "prudent" and "knowledgeable" Chancellor of the Ex-chequer, Gordon Brown, blew £2bn (that's 2,000 million British pounds - no less!) by selling off UK gold reserves at the bottom of the gold market.</span><br /><br /><span style="font-family:verdana;">And it's not like we can blame bureacrats or grubby, greedy investment bankers: pretty much everyone (from Bank of England officials, to City traders, to consultants) tried to talk him out of his idea of selling off the family gold.</span><br /><br /><span style="font-family:verdana;">Alas, Mr Brown being a true Scotsman firm in his beliefs and values (or a stubborn, "stalinist," pig-headed and arrogant autocrat - depending on who you listen to) would not be so easily diverted from his chosen path.</span><br /><br /><span style="font-family:verdana;">That resulted in a net loss, for the taxpayer, of around £2bn - a loss, no doubt, that our taxes have been funding since.</span><br /><br /><span style="font-family:verdana;">This coming just shortly after the revelation that that one other of Mr Brown's most famed acts (the so-called "pension raid") was taken against the advice of experts and industry bodies (most notably, the CBI) would dent, one might think, Mr Brown's own assertiveness in depicting himself as a "competent" Chancellor.</span><br /><br /><span style="font-family:verdana;">He doesn't seem to think so, though. </span><br /><span style="font-family:verdana;">Nor apparently, do share this view his supporters - who (rather amusingly, I must confess) keep stating that "experts were consulted," forgetting however to add, yes, they were indeed consulted and they all told Mr Brown that what he planned doing was complete nonsense.</span><br /><br /><span style="font-family:verdana;">I also find rather amusing that the ONE choice he is quite rightly praised for (giving indipendence to the Bank of England to set interest rates) is also used by Mr Brown to assert his own "competence."</span><br /><br /><span style="font-family:verdana;">In reality, what he did was to essentially say: "politicians cannot be trusted with such choices as setting interest rates and, generally, making sound economic decisions. I am thus excusing myself from this responsibility, and am asking someone who seems to have a certain grasp on the matter to do it on my behalf."</span><br /><br /><span style="font-family:verdana;">Fine, right. No quibbles with it.</span><br /><span style="font-family:verdana;">What I do quibble with, though, is the fact that one then, 10 years on, goes on to say: "Hey, look at the folks at the BoE - how well they've done to steer the economy clear of recession. I asked them to do it for me, and look how good the economy is (despite all my tax & spending, by the way). Surely, that is because I am a competent fellow."</span><br /><br /><span style="font-family:verdana;">That, I was once taught at school, would be called a "non sequitur," marked with a red pen in any essay.</span><br /><br /><span style="font-family:verdana;">It would be a bit like I'd claim myself a genius of the DIY because I hired a good builder and the extension's roof, 10 years on, hasn't yet collapsed on our heads.</span><br /><br /><span style="font-family:verdana;">And that against all evidence to the contrary, proved by countless (albeit non-fatal) DIY disasters I committed because of my not listening to others' suggestions to leave it to the professionals.</span><br /><br /><span style="font-family:verdana;">Prime Minister Brown - can't wait for it: what a wonderful material for this blog he promises to be!</span>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-57398415269673834902007-03-26T10:23:00.000+00:002007-05-20T10:49:56.282+00:00Throwing a tantrum<span style="font-family:verdana;">Sometimes I feel like an alien just landed from Mars, such is my utter incapability of figuring out what really the point is...</span><br /><br /><span style="font-family:verdana;">Take, for example, the recent news from the Times (as reported by the <a style="font-family: verdana;" href="http://news.bbc.co.uk/1/hi/education/6471965.stm">BBC</a>) that Dr Boston, chief executive of the Qualifications and Curriculum Authority (QCA), is advocating scrapping exams for the 11- and 14-year-olds.<br /><br />This follows, by only a couple of weeks, an announcement that 4- and 5-year-olds would be "assessed" prior to entry to pre-schools.<br /><br />Now, let's get this straight. The Government is actually proposing to assess a child's abilities on the basis of some assessment criteria (no doubt, thought up by some highly experienced and knowledgeable academic) at the age of 4, but is happy to consider scrapping exam test for older children (and replacing them with 'random samples').<br /><br />As I said, I really do struggle in seeing the point.<br /><br />For a start, what is the point of assessing 4- and 5-year-olds? who will benefit from it? what will the use be? what are we doing with the ones that turn out to be dimwits? what about those who would score highly? shall we fast-track them to GCSE? (well, given current standards, they might actually pass them!)<br /><br />As for scrapping exams, I can see why teachers are doing somersaults of joy at the sole thought: it was the only glimmer of accountability for a profession that has been remarkably left untouched by centuries passing.<br />The fact that now parents had a more reliable (and objective) metric to measure a teacher's perfomance (as opposed to relying simply on the darlings' comments) must have kept the entire profession on the verge of nervous breakdown.<br /><br />We, the normal people, those who measure ourselves daily against competitors, the market reality and customer expectations, know all too well what it means to be accountable, to have one's performance assessed against (and, usually, by) peers and to accept the possibility of failure.<br />Teachers, academics, and public workers in general, live in this rose-tinted world where performance is optional, no objective assessment of one's capabilities is ever possible (or even considered acceptable) and where one's career progression is based on seniority, political acumen and connections, but never on ability or achievement.<br /><br />Objective exam tests (with all their shortcomings and the disgraceful "dumbing down" sham so shamelessly exercised by Blair's officials) were a means (albeit a timid one) for parents, and other stakeholders, to assess, on a supposedly objective basis, a school's performance and a teacher's abilities - unconstrained by the individual pupil's abilities.<br /><br />It was too good to be true, and it was only a matter of time for the lethargic, yet powerful and (lest we forget it) Labour-funding, teachers' establishment to fight back to try and revert to "good old days."<br /><br />It may be too late, however: we, the parents, have now tasted the forbidden fruit of knowledge, and may be quite unwilling to let go of it...<br /><br /></span>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-2746927100174830672007-03-07T08:19:00.000+00:002007-05-20T10:50:16.010+00:00Time 2 Lv ?<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbexmTSbudahaH6CPP9quxxibkllrazVUnXDN8J-ahSNOEZ97IS_Cox5FT4dKazP6u_1Y7QPqHrZW-rwCf-9QFH-nDww2bP7ZAbtUzmUXPzRP0dRaToj1dsdxkaXDJCo_zDJqakQ/s1600-h/mobile.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbexmTSbudahaH6CPP9quxxibkllrazVUnXDN8J-ahSNOEZ97IS_Cox5FT4dKazP6u_1Y7QPqHrZW-rwCf-9QFH-nDww2bP7ZAbtUzmUXPzRP0dRaToj1dsdxkaXDJCo_zDJqakQ/s200/mobile.jpg" alt="" id="BLOGGER_PHOTO_ID_5039095445504471154" border="0" /></a><span style="font-family:verdana;">So it looks as if, after many disappointing starts and outright failures, we have finally found the solution to the problem of illegal immigration.<br /><br />Yep, the Home Office cracked it - a stroke of genius or the result of long hours of analysis and extensive consultants' studies, we are not given to know - but it is at long last with us: the ultimate solution in forcing illegal immigrants to face up to their despicable behaviour and convince them to abandon their ways (and the Country) for good.<br /><br />And it was all so obvious; we had been staring at it in the face for years, and yet nobody realised how powerful this would have been - it took the indefatigable dedication, professionality and inventiveness of the Home Office staff to figure this one out.<br /><br />So, starting from an as yet unspecified (but we all hope imminent!) date the Home Office will start sending text messages to "foreign visitors" (apparently, "bloody immigrants" was deemed too strong a language) reminding them that their visa is to expire and they should make preparations to leave the UK.<br /><br />I can already picture them: scores of illegal immigrants, all of them anxiously peering at their mobile phones (was it a text? is it Abdul at the pub, or the Home Office? should I open it?) and then rushing off on the first Piccadilly tube heading off to Heathrow, without even bothering packing up...<br /><br />Maybe not.<br /><br />A more sane person (read: someone not working for the Home Office and not desperate to find some ways to make it look like they are actually doing something) would have had a few doubts about the scheme.<br /><br />For example, given that they do not even know the names of most illegal immigrants, how on earth are they supposed to know their mobile number?<br /><br />And even of those whose names are known (the mind springs to the 7,000 "foreign criminals" whose files were left to rot in boxes in some Home Office basement) they are hardly likely to be on some sort of computer system so as to enable automatic sending of those messages.<br /><br />I can already see scores of "temporary" Home Office employees, sitting at their desks and furiously typing the texts to thousands of foreigners....<br /><br />The other pitfall being, obviously, that mobile phone companies (being just a tad more astute than the Home Office) are quite unlikely to give a contract rental to people without the necessary paperwork - hence, most of them will have pay-as-you-go contracts (critical for them to manage their prostitution ring or crack dealership or whatever else it is that foreigners get into when in UK - I personally started two businesses, both of them engaged in legal activities, I hasten to add) which make them just a trifle difficult to trace back to the real owner.<br /><br />Hence, even assuming the Home Office to be vastly more efficient than we know it to be - even assuming that they can actually trace a mobile number to a "foreign visitor" overstaying her welcome - even assuming that the computer system in place, in a complete break with tradition, will work as intended - it is rather obvious that even the more anxious of the illegals, wanting to go beyond just having a laugh at the Home Office and its hapless Minister and just delete it, can simply take out the SIM card, throw it in the Thames and buy a new one at the nearest Tesco store, all for a tenner!<br /><br />In the meantime, we, the taxpayers (yes, sadly, despite being a foreigner I do pay taxes and a shedload of them - in fact, a lot more since bloody Gordon decided to squeeze Middle England's pips) will be facing a bill of several £m's completely wasted in a useless scheme.<br /><br />It is in days like these that I start to believe in the Original Sin - there is, in fact, no way I can have racked up enough evil deeds in my life to deserve such a desperately superficial and hopelessly incompetent bunch of dimwits to govern the Country I live in.<br /></span>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-16053193391682517352007-02-28T16:57:00.000+00:002007-05-20T10:50:37.900+00:00Delivering the goods (not)<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1KaqJ-D5rZq5Q9NOy-GpAoUYRmcvzyrbRtBFcX6Rhh0dMP61rHyIatsa4IFEabGGqiUuWnrW1LYiAvcdF51UCGvKEmbYTwGcLifwK5i2zTsR2X4pNgo6P8h95WeiY0vT2_iJImA/s1600-h/amtrak_logo.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1KaqJ-D5rZq5Q9NOy-GpAoUYRmcvzyrbRtBFcX6Rhh0dMP61rHyIatsa4IFEabGGqiUuWnrW1LYiAvcdF51UCGvKEmbYTwGcLifwK5i2zTsR2X4pNgo6P8h95WeiY0vT2_iJImA/s320/amtrak_logo.jpg" alt="" id="BLOGGER_PHOTO_ID_5036635650058054722" border="0" /></a><span style="font-family:verdana;">As mentioned several times in this blog, bureacratic non-sense and obtuseness is not only to be found in EU and public sector offices, but it happily lives and festers in large (and not so large) corporates as well.</span><br /><br /><span style="font-family:verdana;">This is a well-known fact and one I am somewhat resigned to - what, however, really depresses me is when "technology progress" gets hijacked by those who just can't really tell their elbow from their, well, keyboard...</span><br /><br /><span style="font-family:verdana;">Take <a href="http://www.amtrak.co.uk/">Amtrak</a>, for example.</span><br /><br /><span style="font-family:verdana;">They have a fantastic <a href="http://www.amtrak.co.uk/tracking.html">web tracking facility</a>, and if you place an order with an online retailer who uses them (and the retailer is clever enough to provide you with the parcel tracking ID) you can follow in almost real time the progress of your goods from Amtrak's website.</span><br /><br /><span style="font-family:verdana;">I used it and was quite impressed and rather pleased - how naive!</span><br /><br /><span style="font-family:verdana;">It so happens that if you are not home when they make the first deliver attempt, an automatic re-delivery attempt will be made on the following working day, and failing that one too, goods will be kept at their depot for two days only, before being returned to sender.</span><br /><br /><span style="font-family:verdana;">Now for the non-sense:</span><br /><br /><ol><li><span style="font-family:verdana;">there is no way to contact Amtrak and tell them: "sorry, I won't be home tomorrow, can we do the day after?";</span></li><li><span style="font-family:verdana;">worse yet, it's not even possible to tell them "sorry, I won't be home tomorrow. Don't bother calling, save yourself time, money and, ideally, some air pollution too";</span></li><li><span style="font-family:verdana;">finally, you can't even tell them "sorry, I won't be home tomorrow: can you please leave the parcel with my next door neighbour? He looks odd and I do disapprove of his singing habits, but all considered he's a reliable guy and unlikely to nick my parcel".</span></li></ol><br /><span style="font-family:verdana;">Nope. Niet. Zilch.</span><br /><br /><span style="font-family:verdana;">We are Amtrak, we deliver and we'll be at your door tomorrow, come hell or high water.</span><br /><br /><span style="font-family:verdana;">Apparently, there is a way to avoid that: to call the online retailer, explain to them that, no, you won't be home tomorrow, then have them contact Amtrak to re-arrange delivery.</span><br /><br /><span style="font-family:verdana;">Now, if anyone has ever tried to get in touch with an online retailer's Customer Service call centre and tried to explain to them even the most basic change (it once took me half an hour to convince a guy that my postcode change was not because of my whim, but RoyalMail's decision over which I had, regrettably, very little influence) you'll know why I shuddered at the thought.</span><br /><br /><span style="font-family:verdana;">To me, the infuriating part is the sheer nonsense of a system that allows no flexibility whatsoever, whilst it would be really trivial to make a minor modification to their IT systems and business processes to allow customers to pick, online, a more convenient date: this would result in greatly more satisfied customers, great cost savings to them and, lest we forget, less environmental damage from so many missed deliveries.<br /><br />They already have all the systems in place (witness the tracking system) and the facilities to manage that flexibility - it is not a matter of re-designing it or implementing it from scratch.</span><br /><br /><span style="font-family:verdana;">I can only conclude that their IT folks never talk to "the suits," who, for their part, can't be bothered to talk to their call centre staff who would undoubtedly explain to them that probably 30% of delivery trips are in vain.</span><br /><br /><span style="font-family:verdana;">So much so for technology progress...</span>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-52865695352293785492007-02-27T21:15:00.000+00:002007-05-20T10:51:00.417+00:00To France, to France!<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggdM_0FsbePayAWu4kyPgimieesscmA0fI1joIMKEbkDH8qkw6BDvh18ctcHUk6Qdl6zoQoF3DKzARo9_JyI0hsZy8PjS60yqrwHkx4wQdTPtkh7ndByERduWyridopZzag6n-Fw/s1600-h/0707EU1.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggdM_0FsbePayAWu4kyPgimieesscmA0fI1joIMKEbkDH8qkw6BDvh18ctcHUk6Qdl6zoQoF3DKzARo9_JyI0hsZy8PjS60yqrwHkx4wQdTPtkh7ndByERduWyridopZzag6n-Fw/s320/0707EU1.jpg" alt="" id="BLOGGER_PHOTO_ID_5036327733797436754" border="0" /></a><span style="font-family:verdana;">Apparently, should Ms Royal win the presidential elections, the French can look forward to a €1,500 minimum wage - and unemployment benefits of up to 90% of previous salary.</span><br /><br /><span style="font-family:verdana;">Not bad, eh?</span><br /><br /><span style="font-family:verdana;">Especially considering that, should Mr Brown tragically become Prime Minister in UK all we can expect here in Britain is more taxes and misery.</span><br /><br /><span style="font-family:verdana;">Of course, Ms Royal's Socialist policies are so completely non-sense that it won't take long for the Country to self-destroy, but, hey, so long as it lasts, I can live with a €1,500 minimum wage to stack Primtemps shelves in Cannes... that would be more than what I used to earn as a PhD Technical Director in Italy about 10 years ago!</span><br /><br /><span style="font-family:verdana;">Vive la France!</span>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-43490327083050377602007-02-27T17:36:00.000+00:002007-05-20T10:51:18.031+00:00Red Tape Galore<span style="font-family:verdana;">Apparently "If stacked up, the total amount of legislation passed since the start of the EU would be nearly as tall as Nelson’s column." (source: Open Europe bulletin: 19 February 2007).<br /><br />Having read that, I was somehow overwhelmed by a sudden sense of impotent rage: how could one possibly deal with such a staggering amount of regulation is honestly beyond my comprehension.<br /><br />But that's beside the point - what really enrages me is the reflection that:<br /><ol><br /><li>it is virtually impossible that ALL of that legislation is about matters that are relevant and, in some meaningful sense, "useful" - in other words, I expect a large part, possibly the majority, of it all to be about irrelevant or otherwise trivial matters.</li><br /><li>all that paper was produced at great expense by incredibly well-paid obscure bureacrats who were busy just creating work for other well-fed bureacrats (thus achieving Keynes' vision of "50% of the population digging holes and the other 50% filling them");</li><br /><li>hence, the waste of money that could have otherwise been put to some productive use must be staggering and, almost certainly, still ongoing - if anything, at accelerated speed.</li><br /></ol><br />Not to mention, the amount of wasted effort that that red tape causes to EU businesses, estimated, by the EU commissioner Gunter Verheugen himself, at more than €600bn a year.<br /><br />Is it possible that nothing, ever, can be done about this?<br />How long will we stand such abuse by faceless, unelected, unaccountable paper-pushers who have no interest whatsoever in giving EU businesses, men and women, half a chance to compete against the rest of the world?<br /><br /><br /></span>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-86469401865132049492007-02-08T20:43:00.000+00:002007-05-20T10:51:35.498+00:00Flashing it<span style="font-family:verdana;">Apparently, in the "Television Without Frontiers" directive currently undergoing negotiations there is a "requirement to flash a warning on the screen every 20 minutes whenever product placement is used in programmes."<br /><br />Quite apart from the absurdity of the obligation, I can already figure your average family, slouched on the coach and having a competition, following the flashing on screen of a "Product Placement Warning," as to who will be the first to actually spot the product.<br /><br />Was it that can of Coke? the box of Trojan condoms apparently left lying on the floor? the lady's underwear from M&S?<br />and, come to think of it, should I flash a warning here too?<br /><br />I have also little doubt that our ever resourceful Eurocrats will already have defined in excruciating detail the size, colour, frequency, font, pitch, positioning, and about other 20 parameters for the warning's placement.<br /><br />The most amusing bit, as all the non-bureacrats amongst you will have spotted, is that, it will achieve exactly the opposite effect than intended: rather than warn a supposedly dozed and half-witted consumer to beware the evil forces of consumerism are at work, it will, in fact, attract attention to the "placed product" and away from the dramatic tension (if any) of the movie.<br /><br />Who needs plots and drama and creative tension any more?<br /><br />I am just about wondering whether there will be a business opportunity in creating a clandestine market of "non-spoiled" movies here... I can already see those cinephiles, wearing dark glasses, fake beards and upturned collars approaching you on street corners offering you "a good one, mate"<br /><br />Online downloads, anyone?<br /><br /></span>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-774736364834863552007-02-07T21:25:00.000+00:002007-05-20T10:52:23.441+00:00Bums on seats<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFGeb33ZIyT_M8ookptbzL6M8fxCq5VdKvcxlk-fsRKMxRUkPk7oqHu3HKW_sJmPZ3aDr0c4LeheAQMjBBCJmfl_9cQHSdPTU4rm7rNLAZDzsrGLZSvdyhG5DWujn61WTWQnvM3A/s1600-h/Untitled-1.gif"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFGeb33ZIyT_M8ookptbzL6M8fxCq5VdKvcxlk-fsRKMxRUkPk7oqHu3HKW_sJmPZ3aDr0c4LeheAQMjBBCJmfl_9cQHSdPTU4rm7rNLAZDzsrGLZSvdyhG5DWujn61WTWQnvM3A/s320/Untitled-1.gif" alt="" id="BLOGGER_PHOTO_ID_5028907754290461250" border="0" /></a><span style="font-size:130%;"><span style="font-size:100%;">That at least seem to be the latest education policy trend from the UK Government.<br /><br />I will explain, if I may.<br /><br />Apparently, there is now a new regulation (yep, another one - not one day of rest for our Whitehall valiant guardians of our children's welfare) that essentially forbids parents to take children away from school for, say, a holiday, outside school half-term breaks.<br /><br />Now, that would be something to applaud were it applied with some grain of common sense: after all you don't want children wandering around or, God forbid, catching flights for holidays abroad left and right (by the way, what's all this fuss about flying? are you all falling prey to Labour's misinformation propaganda machine? I would have expected my readers to be more clued up... but I digress!) leaving teachers to cope with an ever-varying classrom attendance.<br /><br />However, one would also expect that the policy were applied with some degree of common sense: in other words, if the child is achieving top grades, shows no signs of falling behind and is prepared to do some extra work before and after the week's absence in order to catch up with the others, well, maybe some allowance may be made.<br /><br />A</span></span><span style="font-size:130%;"><span style="font-size:100%;">fter all, </span></span><span style="font-size:130%;"><span style="font-size:100%;">isn't that what we all deal with either as managers or as staff? So it would be good to somehow responsibilise the kids early on: "If you want to take a week off, well, you may, but be prepared to work harder to compensate for that."<br /><br />Well, not if you are dealing with our schools' headmasters: 'no' means 'no', and there are no derogations to the rule - no matter how sensible preparations one makes, how much planning effort the child puts into it: take your kid away for a week, and that will be regarded as "unauthorised absence."<br /><br />(The amusing bit here - that seems however to completely escape to our erstwhile bureacrats - is that they even <span style="font-weight: bold;">have a form</span> to let you apply for extra holidays. You can certainly fill it in and submit, they'll just refuse it. Isn't that sublime?)<br /><br />What the consequences may be, I do not know. Terrible, I suppose, and unerring: probably Social Services (that bright example of efficiency, competence and, above all, never missing a day at work) will be called in, the child may be put up for adoption, most likely parents will face fines, possibly jail sentences.<br /><br />I don't know - I will find out when we come back from snowboarding :-)<br /></span></span>Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0tag:blogger.com,1999:blog-36491093.post-74905916783130208732007-02-07T21:05:00.000+00:002007-05-20T10:52:43.761+00:00Blame it on the customers<span style="font-size:100%;">From the OpenEurope newsletter:</span><br /><span style=";font-family:Arial;font-size:11;" >"Commission officials have blamed the results of a recent poll, which found that most people in the <span>eurozone</span> want a return to their old national currencies, on people getting "mixed up." (Telegraph, 30 January)</span>"<br /><br />Don't you love the Eurocrats?<br />It reminds me of when a notoriously corrupt Italian politician (Bettino Craxi, for those who remember him) commented on the unfavourable outcome of a referendum, stating that "48% voted No, the others got the wrong answer."<br /><br />In Italy, for example, it is a well-known, everyday occurence, that the introduction of the Euro caused a massive retail price increase - roughly, most retailers, big and small, changed their prices equating 1,000 Liras to Eur 1, ie, twice the official change (Eur 1 to 1,936 Liras).<br /><br />In Germany, they gave up a strong, stable DM to get a weak, unreliable currency, sharing debt default risks with the like of the Italians and the Greeks.<br /><br />The Spaniards who, very much like the Italians, used to regularly devalue their currency to keep their exports competitive on the world market, lost a nice tool.<br /><br />The French, well, as per the usual (CAP anyone?) got the best deal - but still they complain, because, well, because they're French!<br /><br />However, 7 years on, the so much vaunted advantages of the currency union seem to have reduced to just not having to exchange currencies when going on holiday abroad in Europe: hardly something that keeps people worrying awake at night.<br /><br />The growth in inter-country trade has failed to materialise, far from becoming an economic super-power on the world stage, Europe is becoming more and more irrelevant, and Eurozone countries are less and less attractive to foreign investors (FDI is in sharp decline -see the recent <a href="http://www.hm-treasury.gov.uk/media/72C/D1/eer_singlemarket21_121.pdf">UK Treasury report, here</a>).<br /><br />The costs, however, especially in bureacracy and administrative costs have been huge: little surprise that people are complaining that they haven't seen any "bang for their bucks" (more like a 'pop').<br /><br />But, hey, what does the European Commision say about people complaining? that they are "mixed up"<br /><br />I love this - I am almost looking forward to one of my clients complaining about being overcharged for shoddy work, delivered late and over budget: rather than groping for some lame excuse, I'll just tell him: "It's not me, mate: it's you. You are mixed up!"Marco Massenziohttp://www.blogger.com/profile/07909737351121376431noreply@blogger.com0