have become louder, more authoritative and part of mainstream debate. Pressure for the introduction – or reintroduction – of this crucial split could soon become irresistible, however much the politicians wiggle and the investment bankers deceive.Liam Halligan goes on to say - Until now, it’s been mainly nerds like me who have advocated a full Glass-Steagall separation. Given the vested interests that would lose from this change, we’ve been lampooned for our “hot-headed” views.
Ever since the sub-prime crisis began in the spring of 2007, most British political leaders and regulators have resisted serious banking reform.
Sir John Vickers’ measures, years in the making, have now been exposed for what they are – an elegant political compromise, with not a chance of reining in London’s rapacious investment banking culture, so all but guaranteeing another crisis a few years down the line.
While hopelessly weak in and of themselves, even Vickers’ proposals, imposing a “firewall” between investment and commercial banking, rather than a full institutional split, have been watered down by the Government. Legislation implementing Vickers has yet to be passed and, anyway, won’t come fully into effect until 2019.
As one of those nerds all I can say is BRAVO and ALL hail to Liam Halligan -
for this excellent piece of logical & rational common-sense.
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"the dividing line between past, present, and future is an illusion". So reality is
ultimately TIMELESS. This sounds pretty bizarre from the view of classical physics, but from the view of consciousness theory and spirituality, it fits in perfectly.
ART OF SPIRIT - Awaken!
Einstein’s theory of relativity was based on two principles. These include the principle of relativity, which states that the laws of physics don’t change, even when objects move at constant speeds relative to each other. It also looked at the principle of the speed of light. Einstein observed that the speed of light is the same for everyone, regardless of how their movement related to the light source. Einstein's theory explains that if two objects are moving through space and want to compare what they can see, the only thing that matters and helps determine this comparison is how fast the two objects are moving relative to each other.
According to Einstein, “the dividing line between past, present, and future is an illusion”. This is just another example that reality is more strange and incredible that what we experience day to day. There’s so much more to discover about this Universe and we’re only just getting started.
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Added by Michael Grove at 22:02 on December 19, 2018
t because it gave an unusually direct view of how the British were seen by others. An editorial in the London Times on July 14th 1942 suggested that it should become a best seller which - "ought to be aquired by British readers in quantities unequalled even by the many works of Edgar Wallace or Nat Gould " Perhaps slightly tongue in cheek, the writer compared the pamplet to the works of Irving, Emerson & Hawthorne, all writers who had tried to interpret Britain to an American audience, and commented that - "None of their august expositions has the spotlight directness of this revelation of plain common horse sense understanding of evident truths " -which no doubt rang in Ed Murrow's ears - as he flew on Allied bombing raids in Europe during the war, providing additional reports from the planes as they droned on over Europe - following the Japanese attack on Pearl Harbour.President Bush in his interview with the London Times - was reported to have said that: "I am under firm instructions from my wife to pick up a copy of the pamphlet"
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at court gave rise to futile speculation and great heated babbling concerning matters steeped in cant and helpless superstition and I was in no way esteemed for my ability to speak of knowledge learned by observation, so I kept my peace.
There were odd times when forced by confrontation or command to express my own opinion I thrust myself upon them in no uncertain manner, and much to their dismay, though I feared such times with all my heart and soul.
For often the discoveries I had made about our world would not find words enough to describe them and I would hang in open sentence while all about men would take me for an idiot.
The more I spoke the more I sensed my isolation.
The minds of men shut down on simple truth or they talk instead of "higher science " as though it were untouchable to common mortals and governed by the stars.
If I soiled my hands in experimentation I was treated with contempt as one who dabble in lower science.
Had I to accept to accept their view as a beggar who
holds out his hand to receive a piece of stale-bread ?
Was it not honourable to find oneself by sweat of brow and observation that there is only ONE science which Nature herself practices inside dark caves & in the breasts of nightingales alike ?
She abhors the vacuum which she would have found inside their books if not inside their heads."
Ralph Steadman after Leonardo in I LEONARDO…
using the same level of thinking that created them." In order to take this next Momentous Leap in human evolution, "it's critical that we find the cartographers of consciousness, and the mapmakers of the terrain". And as Scandinavia is one of the regions centred on the tipping point to second tier, it's within our potential take on this challenge, "to provide for the rest of the world the kinds of models that the world needs." Don Beck quoting Einstein
IT was the British who first established an Air Traffic Control system following the use of an elementary form of radar during WWII. I was one of the first Air Traffic Controllers, to be selected from Grammar School, who qualified in 1967 with a pilot's licence, ATC Aerodrome, Approach, Approach Radar, Area, Area Radar (joint civil/military) and meteorological certifications to my credit. The cost of all of this to the taxpayer, at the time, was enormous, but boy did it give me, as a 3 dimensional thinking, left-handed so-called dyslexic, an unprecedented opportunity to truly understand the ramifications of social and cultural, common-sense mindsets, on the consequences of consequences of complex systems. Unfortunately, because of the cost, ATCOs have no longer been trained as such, for a very long time - in no dis-similar manner than commercial pilots have been required to fund their own training.
So methinks [IS] there any wonder therefore that Don Beck once suggested that a global Spiral Dynamics Integral Solution should be based on the well and truly tested system of Global Air Traffic Control, which was established following the Grand Canyon Collision of 2 commercial airliners !!!???
[IT] IS of course NOW all a case of ...
[BE]ing Drawn Down The Rabbit Hole
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Boeing 747 land at Heathrow after I had guided it onto approach from London Radar, which was situated then on the north side of the airport.
Whether or not the delayed take-off of the return flight, due to mechanical failure, was a harbinger of things to come it was this exact same plane that was lost in the horrific accident at Los Rodeos Airport, Tenerife, which resulted in -
the worst air crash ever, when a KLM 747 smashed into this self same PanAm 747 on the runway in March 1977.
It was during the time between these two events that Linnie & I were both happy for me to be seconded to the Eurocontrol upper airspace agency in the early 1970s prior to the UK becoming a member of the EEC - because of our commitment to the idea of a union of the peoples of Europe - but we soon, even then, became very aware of the burgeoning bureaucracy of that system and the corruptive payments that the EEC were making to the likes of bargees travelling to and fro across borders to claim "subsidies" several times over - without a shed of cargo on board. As an Air Traffic Radar Controller with the specific task of keeping aircraft at least 5miles and 1000ft apart it was certainly a wake up call to realise that each of the nationalities in Eurocontrol had a different common-sense attitude towards the task in hand - despite the fact English was the only language of communication for air traffic movements. The next 3 years or so of living with the peoples of Europe could not have been bettered but it was eventually the dissolution of those very people with the European Project, themselves, that influenced our decision to return to the UK - and we have never regretted that decision despite many subsequent trips to places throughout Europe and return visits to the friends that we made.
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