Opinion – Black poverty differs from white poverty – The Washington Post – John Gelmini

Official photographic portrait of US President...

Official photographic portrait of US President Barack Obama (born 4 August 1961; assumed office 20 January 2009) (Photo credit: Wikipedia)

Black poverty in America, as Dr Alf who has traveled extensively and worked internationally knows, is endemic and concentrated just as it says in the Washington Post.

There are fewer good role models for them to follow and the flow of drugs into those communities keeps on increasing from countries which are thousands of miles away such as Afghanistan, the Burmese Golden Triangle, South America and of course Mexico.

Since blacks generally do not own cargo planes or ships one has to wonder how the drugs are distributed and who by and why it is that more of these drugs enter black areas than white areas.

This process destroys families, damages education and keeps blacks poor and in thrall to drug barons who are effectively poisoning them.

The drug barons probably could not operate without the connivance, deliberate or otherwise of high ranking policemen, the American coastguard, the DEA and the security services.

Since the 1980s America has been able to read the numbers on a Russian soldier’s uniform from outer space and listen to their conversations, yet we are expected to believe that tons of drugs can get through American ports, onto their roads by lorry and then into communities with no let or hindrance.
John Gotti, the so called “Teflon Don” and Mafiosi said at his trial when accused of drug smuggling”, I couldn’t possibly compete with the US Government”.

The second issue bedeviling black communities more than white ones is the number of single mothers, illigitimate children and abandoned children.

President Obama has not done anything to deal with these problems during 7 years of being President, which suggests to me that he does not care very much about black people in America nor indeed anyone else. Certainly his attitude is one of aloofness and indifference.

John Gelmini

Opinion – Berlin beats London (in tech) – POLITICO

The Bank of England in Threadneedle Street, Lo...

The Bank of England in Threadneedle Street, London. Deutsch: Sitz der Bank von England in der Londoner Threadneedle Street. (Photo credit: Wikipedia)

This is a truly amazing, must read article published by the US paper Politico. Check it out!

via Berlin beats London (in tech) – POLITICO.

For years there has been a prevailing view that the Anglo-Saxon model is better for startups and innovation, as demonstrated by the evidence in the US and the UK.

But now it seems that Berlin is overtaking London in terms of nurturing start-ups. Hang on a minute, don’t they have more rules in Germany?

Well it seems that Germany has taken a strategic approach to startups and innovation and its paying off. Also Germany’s giant businesses are ready to invest in fledgling businesses.

There was a time in my life when I knew the UK’s venture capital industry really well but that was when it functioned effectively. Even then, the were hangers-on and parasites, like professional firms looking to take their cuts. But many of the people who were responsible for investment decisions had never actually run a small business themselves. Actually, I felt that the players were typically risk averse and looking for financial returns that were eye-watering – there was enormous inefficiency.

But there are two overall reasons why London is losing out to Berlin. Firstly, the UK does not have an effective strategy to promote startups and innovation. Secondly, the UK banks prefer to lend to individuals on credit scores, rather than support real innovation. UK banks have become over-centralized and staffed by bureaucrats with zero skills as bankers, so startups and innovation have been strangled.

Here are my strawman suggestions:

  1. George Osborne needs to promote massive fiscal stimulus for small-businesses, startups, innovation and more widely investment.
  2. UK banks need to cull the bureaucrats and those without experience outside financial services – probably a fifty percent cull is required to remind bank employees that customers come first.
  3. The Bank of England should strongly encourage major banks to set up new divisions to service small-businesses and startups, run by professionals with real relevant practical experience outside financial services.