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Sound balanced essay on free speech in a woke world . Churchills saying never cease to amaze me .
"George Orwell, author of Animal Farm and 1984, wrote: 'If liberty means anything at all, it means the right to tell people what they do not want to hear.'
Free speech isn't some luxury we can afford to live without, it's the key freedom on which all the other freedoms depend. It is how knowledge is developed and shared at universities – or should be.
Radical feminist Julie Bindel, the Woman's Hour presenter Jenni Murray, and Germaine Greer, pioneering author of The Female Eunuch (who is pictured above) have all been 'no-platformed', which is to say they have been prevented from speaking in public by self-appointed morality cops
Our understanding of the world should be tested, retested and refined in open inquiry and discussion.
Robust debate, appealing to reason and evidence rather than the prevailing orthodoxy, is the only way to resolve the most important questions facing mankind without descending to violence or intimidation.
It is also the most effective bulwark against abuse of power. Time and again, history has shown that restricting people's right to air their views is an ominous precursor to the removal of other freedoms.
Many good men and women died fighting for the right to speak our minds without being persecuted.
This is our precious inheritance and we owe it to them, as well as our children, to come to its defence.
There can be no compromising with the enemies of free speech. As Churchill said: 'An appeaser is someone who keeps feeding the crocodile in the hope that it will eat him last.'
Join me in the Free Speech Union and together we can defeat the authoritarianism and intolerance that are once again threatening to destroy our liberty."
https://www.dailymail.co.uk/debate/article-8032877/TOBY-YOUNG-enemies-liberty-hunt-packs-band-fight-free-speech.html
more spam for bitcoin
Could it get any worse for DCB ?
https://www.dailymail.co.uk/news/article-8031745/Jailed-Irish-drug-dealer-faces-losing-ill-gotten-46m-bitcoin-fortune.html
Quantitative easing, modern speak for printing money. A way for bankers to stuff their pockets and steal wealth insidiously.
The rich get richer, the poor get poorer.
Only when the masses wake up they'll realise who the villains are - by then it's too late.
Central Bankers are dangerous men.
Low interest rates. Very well put. I have been against q e from the start.. artificial, skews the gilt market which is needed by pension companies to back liabilities. And at last someone who agrees interest rates high for private borrowers.
It will all end in tests. If the e u still exists in 10 years it will be a miracle. Monetary unions have never worked in various countries unlike America which is one country of course
Whatever it takes, yeah right.
When one of France's richest men, Bernard Arnault of LVMH, went to the corporate bond markets last week to raise around €9billion to help pay for his purchase of US jewellers Tiffany, he made his company even richer.
He raised this new debt over a range of bond maturities from two to 11 years, with two of the five euro tranches being offered at negative yields.
That means the lenders to the luxury goods giant – pension funds and other investors – were in effect paying the A-rated LVMH to borrow their money. Even the longest maturity, an 11-year euro tranche, yields only 0.43 per cent.
In other words, Europe's central bankers and pensioners are subsidising LVMH to pay $16billion for one of the world's s****iest jewellery brands.
They certainly are. LVMH was able to get such good terms for its debt because the European Central Bank is throwing money around again.
It recently relaunched a €189billion corporate purchasing programme, otherwise known as more QE, which is driving down yields into negative territory.
What the ECB is hoping to do with this latest programme is cut funding costs for European companies, making it easier for them to invest.
Whether the ECB's Christine Lagarde had in mind that LVMH should top up its jewellery box with Tiffany's trinkets is another matter. M&A rarely creates growth.
But what Arnault knows is that the ECB will underwrite the issue, no matter what the coupon is. And the central bank will probably end up with a slice of the luggage maker.
This extraordinary situation is one of the many unintended consequences of the big bazooka 'whatever it takes' gigantic QE programme let loose by the ECB's former chief, Mario Draghi, after the financial crash to shore up Europe's economies. Like any addict, the ECB does not seem able to kick its bad habits.
The paradox of the LVMH situation illustrates why so many critics claim that ultra-low interest rates and QE have been a disastrous policy.
It's one that has aided those with assets to become even richer, while most of the population have not benefited. Quite the reverse. What we have is a form of financial apartheid, a polarisation between those at the top and the bottom.
Companies such as LVMH are being paid to borrow money at negative yields while savers are receiving next to nothing for their investments.
At the same time, the squeezed middling classes with mortgages are paying around 3 per cent, small businesses are charged at least 10 per cent or more on business loans while credit cards are still charging an outrageous APR of 22 per cent or more.
Who said interest rates are low? As always, the poorest in society are the worst hit as they are shafted with interest charges of up to 100 per cent if they buy washing machines from the pay-day loan sharks. These differentials in spending or borrowing power are not healthy.
https://www.thisismoney.co.uk/money/comment/article-8030483/MAGGIE-PAGANO-rich