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Comment: Re:The "City of London" - A Lawless Square Mile (Score 1) 302

(1)-(3) just amount to the Corporation of London (the City council) having a different system of voting to other city councils (which are based on personal residency). As the City's resident population is about 7,000 but 300,000 work there, and it's the most important area in the country financially, the system of giving companies a vote makes some sense. Would it really be democratic for a handful of low income voters (several population areas in the City are social housing for those on benefits) to make the rules for the economic heart of the UK? (4) So what? Parliament has numerous special advisers (Spads) paid from public funds who carry out party political activities. Far more disgraceful IMO. (5) Of course the City has political input into to the tax process but they still pay the same taxes as everyone else.

Comment: Re:Largest Ponzi Scheme Ever (Score 1) 113

by TheMathemagician (#48018465) Attached to: Mystery Gamer Makes Millions Moving Markets In Japan
Imagine watching a successful surfer and then claiming that, as he hasn't studied Meteorology, Fluid Dynamics or Oceanography, the height of the waves is almost entirely disconnected from the underlying sea level. He's just a short-term momentum player riding the random froth on the waves. The stock market is completely unaffected by these traders just as sea-level is unaffected by surfers.

Comment: Re:See mom? (Score 1) 113

by TheMathemagician (#48018407) Attached to: Mystery Gamer Makes Millions Moving Markets In Japan
He probably made ~50 bps pre-tax then which is pretty solid. I think 10-20 bps is considered normal in the FX world (although they have larger notionals). He isn't trading with a few hundred million dollars. He's a "day trader" or in his case more of a "minute trader". He'll be flat every day and be constantly going in and out of stocks making dozens of trades a day trying to cut losses immediately and let profits run. I'm guessing he's a very short-term momentum player and his individual trades mightly "only" be around $100,000 but he'll be putting on a flurry of them as the price moves his way and covering himself with stops.

Comment: Re:The "City of London" - A Lawless Square Mile (Score 2, Informative) 302

You missed out the Freemasons, Rothschilds and giant shape-shifting lizards. It's depressing that you've been modded Insightful. The City of London is subject to the same laws as the rest of England and is not a tax haven.

Comment: Re:The over-65's swung it for No (Score 5, Insightful) 474

by TheMathemagician (#47945411) Attached to: Scotland Votes No To Independence
But the SNP already shifted the goalposts by allowing 16-17 year olds to vote (knowing they'd be big YES voters) even though voting age in the UK is 18. They even got the year 2014 selected as it's the 700th anniversary of Bannockburn. You rigged the game in your favour and STILL lost quite clearly, now is the time to STFU.

Comment: Re:Free Willy! (Score 4, Informative) 474

by TheMathemagician (#47945081) Attached to: Scotland Votes No To Independence
You know that jus primae noctis has been abolished, right? Scotland is already free. They are part of the free country which is the UK. They vote for members of the Parliament in London and have their own Scottish Assembly. The YES vote blew it by failing to have any plan for the currency and stubbornly insisting they could join the EU when the message from Brusells was quite clearly ... no, you can't, not for years, and not until you renounce all the special treatment the UK squeezed out.

Comment: Re:Nor Private Police (Score 1) 133

It is elected by the people. Every resident of the City has a vote. However given the fact that the number of residents is completely dwarfed by the numbers who commute in each day companies are also awarded votes depending on their number of employees. The company I work for dished these out to volunteers who appear on the Ward registers and can vote in elections. Obviously they could appoint stooges but I know one of the electors and he has never been put under any pressure to vote a particular way.

Comment: Re:Corporate Cops, eh? (Score 1) 133

It's very common in Britain for suspects to be arrested by one police force and questioned by another. Obviously cases are usually handled according to the location of the presumed crime but for something not specific to a particular location then theoretically any police force could handle it.

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