Nice, seeing as you've got all this free time we'll have to plan your next secret mission. After your success with the Red Lion 'recce' I think you should go undercover as an oil Sheik and find out what Baz is really up to.
Ah right! Well that makes sense. How lovely that you're limited to only a certain amount of hours per year! How many a week does it equate to? good plan Sandy!
Sounds fun Sandy H Works about a minimum of 36 and a max of 40 per calendar week (vacation time not inclusive) In the summer I was banging in 70 plus and 80 plus on a regular basis , best one was 110 ! Thats why I have to do only 1 week this december and have had some hours bought back as well which comes in handy for xmas!
Afternoon all. After a night off its back to the grindstone for my 2nd assignment. Then training again tonight. Oh well. Thats life i guess. Sees yous laters
Not seen any posts from him in a while. Frustrating thing with forums, you generally only have contact through them and no other way of seeing if all is well. I know his last couple of posts did say he was really busy. Fingers crossed that all is well and he'll be posting again soon. Does anyone else contact him outside of the forum?
blimey! Only 40 hours a week max? i know a lot of people here that would kill for those hours! And they're frowned upon if they don't work like trojans...daft! i don't, and i've been worried too, for a while. But hopefully it is just that he's ultra busy...i do hope that's all it is..
While we're on the subject, has anyone seen Gordon in the lately? He's gone a bit quiet..i hope he's okay.
Stuggling to Understanding Derivatives? >Gordon was the proprietor of a bar in Glasgow ... >He realizes that virtually all of his customers are unemployed alcoholics >and, as such, can no longer afford to patronise his bar. >To solve this problem, he comes up with a new marketing plan that allows >his customers to drink now, but pay later. >Gordon keeps track of the drinks consumed on a ledger (thereby granting the >customers loans). >Word gets around about Gordon's "drink now, pay later" marketing strategy >and, as a result, increasing numbers of customers flood into his bar. Soon >he has the largest sales volume for any bar in Glasgow . >By providing his customers freedom from immediate payment demands, Gordon >gets no resistance when, at regular intervals, he substantially increases >his prices for wine and beer, the most consumed beverages. >Consequently, Gordon's gross sales volume increases massively. >A young and dynamic president at the local bank recognises that these >customer debts constitute valuable future assets and increases >Gordon's borrowing limit. >He sees no reason for any undue concern because he has the debts of the >unemployed alcoholics as collateral! >At the bank's corporate headquarters, expert traders figure a way to make >huge commissions, and transform these customer loans into >DRINKBONDS. >These "securities" then are bundled and traded on international securities >markets. >Naive investors don't really understand that the securities being sold to >them as "AAA Secured Bonds" really are debts of unemployed alcoholics. >Nevertheless, the bond prices continuously climb - and the securities soon >become the hottest-selling items for some of the nation's leading brokerage >houses. >One day, even though the bond prices still are climbing, a risk manager at >the original local bank decides that the time has come to demand payment on >the debts incurred by the drinkers at Gordon's bar. He so informs Gordon. >Gordon then demands payment from his alcoholic patrons. But, being >unemployed alcoholics -- they cannot pay back their drinking debts. >Since Gordon cannot fulfil his loan obligations he is forced into >bankruptcy. The bar closes and Gordon's 11 employees lose their jobs. >Overnight, DRINKBOND prices drop by 90%. >The collapsed bond asset value destroys the bank's liquidity and prevents >it from issuing new loans, thus freezing credit and economic activity in >the community. >The suppliers of Gordon's bar had granted him generous payment extensions >and had invested their firms' pension funds in the BOND securities. >They find they are now faced with having to write off his bad debt and with >losing over 90% of the presumed value of the bonds. >His wine supplier also claims bankruptcy, closing the doors on a family >business that had endured for three generations, his beer supplier is taken >over by a competitor, who immediately closes the local plant and lays off >150 workers. >Fortunately though, the bank, the brokerage houses and their respective >executives are saved and bailed out by a multibillion pound no-strings >attached cash infusion from the government. >The funds required for this bailout are obtained by new taxes levied on >employed, middle-class, non-drinkers who have never been in >Gordon's bar. >Now do you understand?
Wow, for some reason you add a bar into the equation and it does make sense. Going to send this to my brother-in-law who works in one of those banks.
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