Five-year-old put in care over mum’s learning difficulties

MORNING STAR

Sep
2015
Friday 4th
posted by Morning Star in Britain

A JUDGE dismissed suggestions of “social engineering” yesterday as he ruled that a five-year-old boy should be taken from his disabled mother to be put into care.

Judge Antony Hughes said the mother’s own “learning difficulty” made it impossible for her to meet the needs of her son, who functions at the level of a child half his age. He has a number of health problems such as “global development delay.”

The social support that the mother would need would be too extensive, Judge Hughes added at the private family court hearing in Milton Keynes, Buckinghamshire.

He ruled in favour of Buckinghamshire County Council, which had recommended that the youngster — who could not be identified — should be put in a “permanent substitute family” after acknowledging the “evident love” both parents had for their son.

The boy’s father has been ruled out as a possible carer due to an accusation of a child sex offence against him. He did not live at the family home.

Judge Hughes rejected a suggestion from the mother’s lawyer that rehoming the boy was to “social engineering.”

MORNING STAR

Is the Stock Market Now “Too Big to Fail”?

BLACKLISTED NEWS

Correspondent Bart D. recently speculated that the U.S. stock market was now “too big to fail,” that is, that it was too integral to the global financial system and economy to be allowed to fail, i.e. decline 40+% as in previous bubble bursts.

The U.S. stock market is integral to the global financial system in two ways.Now that investment banks, pension funds, insurers and multitudes of 401K retirement plans are dependent on current equity valuations, a crash would impair virtually the entire spectrum of finance from hedge funds to banks to insurers to pension plans.

A decimation of these sectors would impact the U.S. economy and thus the global economy very negatively.

By turning the health of the economy into a reflection of the stock market, the Status Quo has made the stock market into the one bellwether that matters. In effect, the stock market is now integral to the economy as a measure of sentiment and evidence that all is well with the economy as a whole.

The stock market is now the signal everyone follows: if stocks are rising, we’re told that means the economy is healthy. Conversely, if stocks decline sharply, the implication is the economy is weak.

In other words, it’s not just valuations that make stocks integral to the economy and Status Quo–the market’ssignaling is now the key to sentiment.In economist Michael Spence’s work, the information available to participants is asymmetric: roughly speaking, those on the “inside” have better information than those on the “outside.”

The stock market addresses this asymmetry by signaling what’s really going on via price: if the market sells off, that tells even those with little other information that all is not well in the economy.

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War Baby… Maybe Spiv & the EU Times

CHRIS SPIVEY

Did you know that on the 4th of July 2015 – American Independence Day – Russia was informed that a state of war now existed between China and the USA.

They kept that a bit fucking quiet didn’t they!

Mind you, that is hardly surprising because the only cunts who want to start WWIII are the mad bastards who govern the first world countries:

The Ministry of Foreign Affairs (MoFA) is reporting today the Federation has been informed by the State Council of the Peoples Republic of China (PRC) that a de facto “State of War” now officially exists between that Asian nation and the United States of America.

According to this report, following the “provisions and protocols” of the 8 May 2015 Russian-Chinese Cyber-Security Agreement that states a signatory to this pact that anticipates the outbreak of hostilities is obligated to immediately inform the other so that “war preparations” needed to protect critical infrastructure can be undertaken, the PRC has informed the Federation that these “conditions now exist”.

Leading to this grave war warning from the PRC, this report explains, has been the catastrophic loss of over $3.7 trillion in wealth from Chinese stock markets over the past fortnight that has seen them plunge by over 30% and has led to panic among financial investors and ordinary citizens alike.

As to the cause of this devastating melt-down, this report continues, PRC experts have stated that “evil” market forces are going short to ruin the Chinese economy, and even suspecting Western-backed investment “predators” of lurking behind the turmoil, with US banking giant Morgan Stanley among the names mentioned.

Similarly, this report notes, five professors from China’s top universities issued a widely distributed public letter on 2 Julyalleging sinister market forces were exploiting weaknesses in China’s financial system for profit, comparing the situation to when President Obama’s “puppet master”, financier George Soros, and others bet against East Asian currencies during the1997-98 Asia Financial Crisis. Source

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Labour members complain about missing leadership ballot papers

THE GUARDIAN

With less than a week to go before the election closes, party tells voters not to worry but refuses to reveal how many papers have been sent out

Labour members and supporters have begun protesting to the party about their lack of ballot papers with less than a week to go before the leadership election closes.

The party initially promised that 99.9% of its electorate would have received ballot papers by 28 August, but it is now refusing to disclose how many of the 554,000 have been sent out.

A initial batch of 340,000 was dispatched on 14 August, and a second batch of 170,000 voters should have received their ballots between 21-26 August. That would have left a final batch to receive their voting instructions by email by Friday 28 August.

However, with just four and a half working days until the ballot closes at midday next Thursday, many have taken to social media to complain to the party about worries that they could be disenfranchised in the contest.

A Labour spokesman said there was no need for people to worry because the process of sending out ballot papers is “still under way, and people can vote online right up to the deadline on 10 September.”

However, senior party figures, including Jeremy Corbyn, a leadership candidate, and Sadiq Khan, a candidate for London mayor, have urged people to contact the party for their papers to be reissued if they have not received them.

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George Osborne’s ‘Con Trick’: ‘Living Wage’ Will Fail To Offset Welfare Cuts, Report Reveals

HUFFINGTON POST

George Osborne’s welfare crackdown will leave the poorest families thousands of pounds worse off even after introducing the “national living wage”, a study has found.

The Resolution Foundation think tank raises questions over the central tenet of the Chancellor’s Summer Budget, where he argued a new minimum wage for over-25s would mean a “typical” working family is “better off”.

Mr Osborne argued cuts to benefits, including tax credits offered to low-paid workers, should be seen as part of a package alongside a national living wage (NLW) pegged at £7.20 an hour from April and rising to £9.35 by 2020.

But the Resolution Foundation says the move will only “partially” softens the impact of the cuts to the poorest households. The SNP said the Chancellor had pulled a “con trick”.

It has produced a graph – using official data – to argue the half of the country’s households on the lowest incomes will only see their loss reduced by 13%. The very poorest households wills still lose more than £800 a year, or more than 8% in total.

chart

Resolution says only around a quarter of households gaining from the NLW will see the pay boost outstrip the loss suffered by a cut to benefits.

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