Current Affairs Liz Truss

[Martin Alvito]

We are all asking this question and all I can offer is that a small subset of society - the lunatic fringe of the "centrist" right wing are in charge of leader selection, after getting the chance by a electoral system rigged to prefer their party. Nothing else other than that.

Currently I am sticking up for Charles III to follow some existing ancient law to kick them out and have a new election.

Much the same as what happens over here, for different reasons: the activists on both sides have control over the selection process, because people don't turn out for the primaries and that's when most seats in Congress are won and lost these days.

This leads to different results. You have an actual "the party decides" model where the party has total control over nominations. Political parties over here used to have enough clout that they might as well have decided, after we ditched your backroom selection model, but that has changed. The one party is so weak that one man has very outsized influence on the process, and the other has always been such an internal mess that Will Rogers and others likened it to not being an organized party at all.

 

[Martin Alvito]

All he can do is die. Another ten days of mourning will do this country a lot of good.
In fact, make it a 1000 days of mourning.

It's an accurate way of looking at it, in terms of hard power. He is in possession of a fair amount of soft power, should he figure out how to muster and direct it.

 

[Lobster Johnson]

It's an accurate way of looking at it, in terms of hard power. He is in possession of a fair amount of soft power, should he figure out how to muster and direct it.

Well, he has to meet her tomorrow morning, a straight up "are you actually insane?" before she's even sat down would be a good start.

 

[Martin Alvito]

Well, he has to meet her tomorrow morning, a straight up "are you actually insane?" before she's even sat down would be a good start.

He's the sort of bloke to say it, too.

 

[edge]

He's the sort of bloke to say it, too.

He might actually have a say on the fracking debate, he is squarely in the green corner, and holds the rights for the for the gas ect under the country.
Can imagine him saying something about that.

 

[bullybeef]

Where is Truss?

MIA action?

Get her out! Let’s have a GE.

 

[Yarrgh]

All he can do is die. Another ten days of mourning will do this country a lot of good.
In fact, make it a 1000 days of mourning.

To be honest I don't think he can do anything worth a damn. I think that the best we'll get is another unsuitable candidate on the carousel of inappropriate PMs and hope that whoever gets in power is competent and has the best interests of the population in mind rather than a deranged dedication to their own power and finances.

 

[Spadge Vernacular]

 

[Tin-Tin]

 

[Martin Alvito]

In general, insider trading rules on stocks are far stricter than those on currencies or commodities. This is because executives of companies are considered to have a fiduciary duty to shareholders, and releasing information to some but not all of them violates the duty and harms those kept in the dark.

The answer to the question will vary by jurisdiction. As near as I can tell, if the trades happened in the U.S. there wouldn't be squat anyone could do about it. There might be a case if the trades occurred in the U.K., but it looks like it would be a tough sell.

You would want someone who has practiced securities law to give you want an opinion if you an answer you can take to the bank. I can read a statute, but I don't know the state of the case law.

 

[GlosBlue]

In general, insider trading rules on stocks are far stricter than those on currencies or commodities. This is because executives of companies are considered to have a fiduciary duty to shareholders, and releasing information to some but not all of them violates the duty and harms those kept in the dark.

The answer to the question will vary by jurisdiction. As near as I can tell, if the trades happened in the U.S. there wouldn't be squat anyone could do about it. There might be a case if the trades occurred in the U.K., but it looks like it would be a tough sell.

You would want someone who has practiced securities law to give you want an opinion if you an answer you can take to the bank. I can read a statute, but I don't know the state of the case law.

Plus, I expect Truss has decriminalised it if you are a Conservative...

 

[Jebus_lives]

Going well for Liz

 

[Jebus_lives]

 

[Bruce Wayne]

Can someone please think of the shareholders?

 

[Jebus_lives]

Can someone please think of the shareholders?

Sorry don't want to be accused of leaving anyone out...here's a thought.

Even if you've benefitted from the tax cut, you've probably lost more from stock market drop.