At what point do you leave a failing country?

That latest Epstein file dump has set off a political bomb in the UK

Mandelson gone

Starmer damaged (as he chose to appoint Mandelson as Ambassador knowing some of his past issues with Epstein)

His Chief of Staff (McSweeney) is very likely to get pushed out (he lobbied hard for Mandelson)

Labour has now also been tarred with the same corrupt brush as the Tories.

The gift that keeps on giving.

Is it similar to the US, where scandal forces Democrats to quit, but scandal gets totally ignored by Republicans?

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I don’t think we’re quite there yet but give it time

Cuba continues to spiral downwards.

https://www.cbc.ca/news/canada/cuba-travel-warning-9.7073480

And McSweeney (PM Chief of Staff) has now resigned as predicted.

Anybody connected to Mandelson is on the chopping block now due the Epstein link.

Its like the night of the long knives UK edition. The press smell blood in the water now.

Pension fund leaders fear lower returns, uncertain global economy from Trump policies

Figured a few heads would roll on the Canadian side given the size of the losses.

Do you have the link to this story?

Going to a meeting this afternoon with the other former Canadian investment manager who owned a piece of Thames Water and TW may come up (it has many times previously!).

Sure. Here you go:

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A variation (which I don’t have access to yet) of this slide was one of many that were discussed yesterday at the investment seminar I attended. Their slide showed that the top 20% of income earners in the US provide 63% of total spending.

This skewing has lasted for more than 25 years so is not new. This spending is somewhat fuelled by high asset values so possibly it would take a massive correction in equity values to return to the pre-2000 less skewed spending distribution?

One bright spot in the UK is that the judiciary is still ok

Labour rolled over to pro-Israel interests in the UK and proscribed a tiny activist group called Palestine Action for breaking into an army base and spray painting some planes.

This was disgraceful behavior by the Govt which was protested by people from all walks of life.

The UK already has laws in place to deal with the things like trepassing, and damage to public property. Instead, they were swayed by the pro-Israel lobby and decided on an extremely heavy-handed response.

Government lost in the high court after a judicial review.

My London SIL’s aunt and uncle were arrested several times for attending Palestine Action protests. They will be overjoyed to hear this.

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