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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Snowshoe who wrote (45127)1/11/2009 9:16:48 AM
From: elmatador  Respond to of 218031
 
The real rich suffering. Whet mistake have they made? "the very rich have really been hammered. Stocks, bonds, art, homes - pick your poison, as that is what it has been, with nowhere at all to hide."

The very rich should not suffer. The very rich are necessary for they know how to treat money (else they would not be very rich because money would run away from them.)
Therefore the very rich need to hog money to spread it and then harvest even more money, to spread and harvest...

The very rich get careless. And if you get careless, money runs away from you. Madoff made sure money disappeared.
Foundations, charity... There was some conduits through which money was percolating and vaporized...

Why was that money not channelled to Brazil to enrich the Brazilian and harvest the proceeds? Elroy's MQ's mindsets have prevailed. Thus they are now, rich but not very. The ones who were just rich are now just getting buy.

Lessons are being taught.



To: Snowshoe who wrote (45127)1/11/2009 9:23:48 AM
From: maceng21 Recommendation  Read Replies (4) | Respond to of 218031
 
What kind of regulations?

I suppose I became dimly aware that regulation had taken a wrong turn when I was told earlier in 1995 that I was not allowed to fit a domestic three pin mains plug to a power cord, and neither were any of the maintenance crew I was working with. They were all qualified electricians at the time. If an electrician can't connect up a three pin plug properly without special training and certification, I would say the human race is doomed.

The latest UK electrical installation regulations are here. I like the new stuff like RCD's (a safety device) but not necessarily happy with the regulations concerning use.

theiet.org

I'm qualified to a previous standard as I entertained the idea of a change of career in 2002. I was a process engineer but thought about becoming an electrical installer because my specialization was preventing me from getting another job. I started off working in London for a small company that installed Air Conditioning for commercial premises, the general idea being to qualify both as a plumber and an electrician in a city where rates for such work were high. The reality proved to be different from my expectation, and was offered work with another contracting firm that did commercial electrical installations. The guy who was going to hire me had a qualification and certification list as long as my arm, including a good university degree in electrical engineering. He was unhappy though because of the time and money he had to spend every year making sure he stayed in compliance. He also had to ensure his employees stayed up to date too.

In the end I decided not to go into that line of business at all. When I see such things as European "harmonisation documents" I know I did the right thing.

Some regulation is good, mandatory even, but there is a stage where such things are counter productive and a net increase in quality is not achieved. The bureaucracy creating the regulations just love it all though, it's gravy too them while the customer pays and the installer struggles to stay in business.

Previously I was happy and proud of the UK electrical power distribution system.