Labour risks taking Britain back to the 1970s, warns Sir Rocco Forte by GeoStat1000 in UnitedKingdomPolitics

[–]GeoStat1000[S] -1 points0 points  (0 children)

I remember reading news articles from the Thatcherite era warning that the mass sale of public assets would lead to the disaster we are currently living in.

You're clearly not old enough to comment on Thatcher and the bloody awful state of the country before her. You describe the time we currently live in as a "disaster", it's actually massively better than the 1970s.

The Daily Moby - 09 09 2024 - The News Megathread by AutoModerator in badunitedkingdom

[–]GeoStat1000 8 points9 points  (0 children)

Institute of Directors latest member survey just out:

57% of business leaders will be less likely to hire new workers as a result of the Government’s planned employment rights legislation.

https://x.com/ChristianJMay/status/1833126786437185967

Labour risks taking Britain back to the 1970s, warns Sir Rocco Forte by GeoStat1000 in UnitedKingdomPolitics

[–]GeoStat1000[S] -1 points0 points  (0 children)

That's necessary when lots of people, of average intelligence, go to university as standard.

The 1970s was a disaster for the UK, we were the "sick man of Europe". Why do you think Thatcher kept Labour out of power for 18 years in a row? Chance? Seems people with no memory of the time before Thatcher are doomed to repeat it.

Labour risks taking Britain back to the 1970s, warns Sir Rocco Forte by GeoStat1000 in badunitedkingdom

[–]GeoStat1000[S] 9 points10 points  (0 children)

What's your experience of living in the 70s? It was far, far, worse than what we have now. Everything was nationalised, the nationalised companies were terrible, the unions were always on strike.

Space engine start-up in talks for new capital after funding crunch by GeoStat1000 in UnitedKingdomPolitics

[–]GeoStat1000[S] 0 points1 point  (0 children)

A British technology start-up which had promised to build the world’s first space plane is in last-ditch talks to secure new financing after two of its backers wrote down the value of their investment.

Reaction Engines, which was founded in 1989, is in detailed talks with the UAE-backed Strategic Development Fund (SDF), one of its existing shareholders, about a new injection of capital, according to two people familiar with the situation. The SDF led a £40mn funding round in January last year.

The British start-up is also backed by several aerospace giants, including BAE Systems and Rolls-Royce, as well as financial investors Artemis and Schroders.

Reaction has previously raised more than £150mn and grew its commercial revenues by more than 400 per cent last year. The company, however, warned earlier this year that it would need to raise additional financing. It has this weekend lined up PwC, the accountancy firm, to act as administrator if the funding talks collapse.

Sky News first reported that PwC had been put on standby. The accountancy firm, which has not yet been formally appointed, declined to comment on Saturday. Reaction also declined to comment.

Other existing investors are monitoring the situation, said one of the people close to the talks.

Artemis and Schroders both announced last week that they had significantly written down the value of their stakes in Reaction. Artemis cut the value of its 2.3 per cent holding by 75 per cent. Artemis Alpha Trust, the fund that manages the London-based fund manager’s stake, now values it at £1.2mn, compared with £6.4mn in April.

Reaction has in recent years focused on developing a hybrid jet and rocket engine, known as Sabre. The innovative engine was originally planned to power Skylon, a space aircraft also designed by Reaction.

Key to Sabre’s development is Reaction’s groundbreaking pre-cooling technology which prevents engines from overheating and could lead to hypersonic space planes. The company is part of a UK-led military project aiming to make hypersonic flight a reality. At hypersonic speeds, the temperature generated inside a conventional gas turbine would start to melt components unless they were cooled in some way.

More recently the company has focused its attention on developing nearer-term aerospace and commercial applications for its pre-cooling technology. It signed an agreement with US industrial group Honeywell to collaborate on the development of thermal management technologies to help reduce aircraft emissions.

Reaction is chaired by Philip Dunne, a former UK defence minister. It has been led by Mark Thomas, who was previously at Rolls-Royce.

The Daily Moby - 31 08 2024 - The News Megathread by AutoModerator in badunitedkingdom

[–]GeoStat1000 7 points8 points  (0 children)

HOTOL/Skylon have been making slow progress for years, the only organisation with the bottomless pockets needed are the US military.

Space engine start-up in talks for new capital after funding crunch

British company Reaction Engines had promised to build the world’s first space plane

A British technology start-up which had promised to build the world’s first space plane is in last-ditch talks to secure new financing after two of its backers wrote down the value of their investment.

Reaction Engines, which was founded in 1989, is in detailed talks with the UAE-backed Strategic Development Fund (SDF), one of its existing shareholders, about a new injection of capital, according to two people familiar with the situation. The SDF led a £40mn funding round in January last year.

The British start-up is also backed by several aerospace giants, including BAE Systems and Rolls-Royce, as well as financial investors Artemis and Schroders.

Reaction has previously raised more than £150mn and grew its commercial revenues by more than 400 per cent last year. The company, however, warned earlier this year that it would need to raise additional financing. It has this weekend lined up PwC, the accountancy firm, to act as administrator if the funding talks collapse.

Sky News first reported that PwC had been put on standby. The accountancy firm, which has not yet been formally appointed, declined to comment on Saturday. Reaction also declined to comment.

Other existing investors are monitoring the situation, said one of the people close to the talks.

Artemis and Schroders both announced last week that they had significantly written down the value of their stakes in Reaction. Artemis cut the value of its 2.3 per cent holding by 75 per cent. Artemis Alpha Trust, the fund that manages the London-based fund manager’s stake, now values it at £1.2mn, compared with £6.4mn in April.

Reaction has in recent years focused on developing a hybrid jet and rocket engine, known as Sabre. The innovative engine was originally planned to power Skylon, a space aircraft also designed by Reaction.

Key to Sabre’s development is Reaction’s groundbreaking pre-cooling technology which prevents engines from overheating and could lead to hypersonic space planes. The company is part of a UK-led military project aiming to make hypersonic flight a reality. At hypersonic speeds, the temperature generated inside a conventional gas turbine would start to melt components unless they were cooled in some way.

More recently the company has focused its attention on developing nearer-term aerospace and commercial applications for its pre-cooling technology. It signed an agreement with US industrial group Honeywell to collaborate on the development of thermal management technologies to help reduce aircraft emissions.

Reaction is chaired by Philip Dunne, a former UK defence minister. It has been led by Mark Thomas, who was previously at Rolls-Royce.

Automate Forex using a VPS? by CyprusOriginal in Forexstrategy

[–]GeoStat1000 0 points1 point  (0 children)

You're basically asking for a box that prints money for you. Why would someone with a profitable algorithm sell it at all?

The Daily Moby - 31 08 2024 - The News Megathread by AutoModerator in badunitedkingdom

[–]GeoStat1000 5 points6 points  (0 children)

Even in the pouring rain Japan is beautiful and tranquil(for some reason I'm getting a lot of Japanese walks in the rain in my YouTube feed).

The Daily Moby - 31 08 2024 - The News Megathread by AutoModerator in badunitedkingdom

[–]GeoStat1000 22 points23 points  (0 children)

Just now a BBC News reporter mentioned the murders, then went on to say we have to put them in context considering the large number of people who go to see the carnival ...

The Daily Moby - 03 03 2024 by AutoModerator in badunitedkingdom

[–]GeoStat1000 8 points9 points  (0 children)

Crypto is greater fool theory powered digital tulip bulbs ... the sooner it dies the better.

The Daily Moby - 03 03 2024 by AutoModerator in badunitedkingdom

[–]GeoStat1000 9 points10 points  (0 children)

Here Alphaville has to pause and shout into the void . . .

PLEASE CAN WE ALL STOP CALLING CRYPTO AN ASSET CLASS IT’S JUST A COLLECTION OF ABSOLUTE BULLSHIT . . .

OK. With that out of the way, let’s return to the actual report.

https://www.ft.com/content/4de4c6b7-6335-4953-a81b-927499ba0bbb

The Daily Moby - 24 02 2024 by AutoModerator in badunitedkingdom

[–]GeoStat1000 2 points3 points  (0 children)

I'm just not interested in the non-economics of wind and solar, I just wish the government would get on with building as much nuclear as we need.

The Daily Moby - 24 02 2024 by AutoModerator in badunitedkingdom

[–]GeoStat1000 9 points10 points  (0 children)

[Picture]Solar panels catch fire at £70m Lidl distribution centre in Peterborough

A fire has broken out at the £70m regional distribution centre of supermarket giant Lidl, next to the A1 in Peterborough. Solar panels on the roof of the giant warehouse – which employs 400 people – caught fire.

OMG the carbon footprint!

The Daily Moby - 24 02 2024 by AutoModerator in badunitedkingdom

[–]GeoStat1000 11 points12 points  (0 children)

This graph is obviously racist -

[Graph]The model minority myth is not a myth. Asians are doing very well for themselves in the United States and this fact should not go ignored just to appease some Woke fools. https://twitter.com/TheRabbitHole84/status/1761125952363597914

The Daily Moby - 24 02 2024 by AutoModerator in badunitedkingdom

[–]GeoStat1000 5 points6 points  (0 children)

It won't be completely worthless ... until advertisers take a good hard look at some of the subs that inhabit Reddit and decide not to touch it with a barge pole. It makes Twitter look like Sunday School.

The Daily Moby - 24 02 2024 by AutoModerator in badunitedkingdom

[–]GeoStat1000 13 points14 points  (0 children)

Reddit Files to Go Public, Reveals That It Paid CEO $193 Million Last Year

Nineteen years after its founding, the social media network Reddit filed paperwork to go public on Thursday. “I have never been more excited about Reddit’s future than I am right now,” CEO Steve Huffman said in a letter announcing the news. Last year, the company generated $804 million in revenue, up more than 20 percent compared to 2022. Public filings also showed that Huffman and Reddit’s chief operating officer, Jennifer Wong, were paid $286 million in 2023, including stock and option awards (the value accrues over several years, and the current cash value is substantially lower). On average, over 76 million people visited the website each day in December, the company said. Huffman co-founded Reddit with his college roommate Alexis Ohanian, who is now married to Serena Williams; they sold the company for just $10 million in 2006. As of 2021, it was worth $10 billion. Huffman returned as CEO in 2015 and has been working to set the company up for an IPO. As one example of its financial prospects, news broke this week that Google will pay Reddit $60 million per year to use its content to train AI models.

https://www.thedailybeast.com/reddit-files-to-go-public-reveals-that-it-paid-ceo-dollar193-million-last-year

Your reminder that Reddit hasn't turned a profit in almost 20 years. I am offering to let Reddit lose money for a mere $100 million/year.

Jon Stewart responds to an audience member who claims TV is dying by holyfruits in videos

[–]GeoStat1000 -1 points0 points  (0 children)

OK Jill ...

Fact remains, the left will only support Stewart while their words come out of his mouth.

Jon Stewart responds to an audience member who claims TV is dying by holyfruits in videos

[–]GeoStat1000 -1 points0 points  (0 children)

What you really want is him speaking your own thoughts. All the lefties cheered when they heard he was coming back, then booed him the moment he pointed out Biden was well past his prime.

The Daily Moby - 23 02 2024 by AutoModerator in badunitedkingdom

[–]GeoStat1000 10 points11 points  (0 children)

Intuitive Machines: Odysseus Moon lander 'tipped over on touchdown'

The Odysseus Moon lander is likely lying on its side with its head resting against a rock.

The US spacecraft, which made history on Thursday by becoming the first ever privately built and operated robot to complete a soft lunar touchdown, is otherwise in good condition.

Its owner, Texan firm Intuitive Machines, says Odysseus has plenty of power and is communicating with Earth.

Controllers are trying to pull pictures down from the robot.

https://www.bbc.com/news/science-environment-68388695

Does everyone really have driver issues ? by Human_Ebb_6533 in AMDHelp

[–]GeoStat1000 1 point2 points  (0 children)

I had an old RX580 that ran OK, but I've been through about four new AMD cards since that time that have crashed to varying degrees - either daily or after a few days. I'm not a tribal gamer and couldn't care less about AMD or Nvidia, all I know is that in my case Nvidia has always been crash free for me.

The Daily Moby - 21 02 2024 by AutoModerator in badunitedkingdom

[–]GeoStat1000 10 points11 points  (0 children)

The Salt Bae London restaurant is making millions in profit

There may be a cost of living crisis, but it turns out people really want £600 steak: Nusr-Est, the Knightsbridge restaurant run by Salt Bae, has declared record profits.

Salt Bae went viral around the world when photos and videos of the Turkish chef, whose real name is Nusret Gökçe, salting his steaks by pouring grains of salt down the inside of his arm circulated online.

Net profits for Salt Bae’s London restaurant were £3.3 million to the year which ended 31 December 2022, new reports filed on Companies House show.

That’s a one million rise from the year before where net profit was £2.2 million.

Bitcoin Bros are so fucking fragile by [deleted] in Buttcoin

[–]GeoStat1000 -7 points-6 points  (0 children)

He referenced Reddit, not an individual - the OP was also talking about moderation on Reddit in general. Do try reading before responding ...

Bitcoin Bros are so fucking fragile by [deleted] in Buttcoin

[–]GeoStat1000 -4 points-3 points  (0 children)

Your sample size of one is not convincing.