Thursday, July 27, 2006

Reports from the Council Meeting will follow shortly

As some people might be aware there was a full Council Meeting last night. We went along for the first hour or so and sat at the back quietly. However, the place was so blindingly hot we only managed to last until just gone 8.

We did manage to pick up a few notes in that time and should be able to provide some reports within the next week. We would however like to apologise to all of you for not lasting the distance. Thankfully we're not obligated to stay there like the poor sods that got themselves elected.

1 Comments:

Blogger Indigo said...

Not looking good for the Council's pension fund.

Subpoena Sought for Concealed Halliburton Documents
Monday, June 20, 2005 -- Rep. Waxman asks Subcommittee Chairman Chris Shays to subpoena documents that would expose why U.S. officials withheld from international auditors information about $177 million in Halliburton overcharges that were billed to the Development Fund for Iraq.

US economy could be going bankrupt
The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country's central bank. ... Prof Kotlikoff said that, by some measures, the US is already bankrupt. "To paraphrase the Oxford English Dictionary, is the United States at the end of its resources, exhausted, stripped bare, destitute, bereft, wanting in property, or wrecked in consequence of failure to pay its creditors," he asked. (Daily Telegraph 14 July 2006)

If I were responsible for not losing £3 million of other people's money, I certainly would not be leaving it in Halliburton while the Council's Pension Review Panel reviews in its leisurely way. That £3 million could be worth zip by next week, if Iran enters the Israel-Lebanon war and/or petrol-producing countries switch from petro-dollars to petro-euros.

3:32 pm  

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