Happier diner Posted August 8, 2023 Share Posted August 8, 2023 3 hours ago, 2112 said: Sadly though the traffic situation is getting out of control now I have gone from laughing to my chest actually aching. Quote Link to comment Share on other sites More sharing options...
quilp Posted August 8, 2023 Share Posted August 8, 2023 11 hours ago, Happier diner said: now I have gone from laughing to my chest actually aching. Well if you're a fat git sitting on your arse all day pontificating on here I'd call an ambulance if I was you 😎 1 4 Quote Link to comment Share on other sites More sharing options...
2112 Posted August 9, 2023 Share Posted August 9, 2023 Todays comedy comes courtesy of Treasury Minister Allinson who’s been on the NPM musing that money from the islands NI reserves could be invested on the island to boost the economy and strengthen the fund. He then goes on to say that it can only be done with Tynpotwald consent. If consent were granted, I could see the floodgates opening for MHKs with pet projects, schemes and wish lists making demands in an attempt to get their own way. I also think COMIN would use the funds to dip into, for projects which the public won’t get a say on, or used for other things which many would find objectionable. I could see our clowns throwing away peoples futures on get rich quick schemes, poorly planned projects on the advice of con-artists and possible criminals. I don’t know if Allinson thought he was being serious or not, or whether he could read the room? Or maybe CM Cannan is pulling the strings? Quote Link to comment Share on other sites More sharing options...
The Phantom Posted August 9, 2023 Share Posted August 9, 2023 17 minutes ago, 2112 said: If consent were granted, I could see the floodgates opening for MHKs with pet projects, schemes and wish lists making demands in an attempt to get their own way. I also think COMIN would use the funds to dip into, for projects which the public won’t get a say on, or used for other things which many would find objectionable. I could see our clowns throwing away peoples futures on get rich quick schemes, poorly planned projects on the advice of con-artists and possible criminals. How is this is different to what has gone on for the last 10 years? Quote Link to comment Share on other sites More sharing options...
Happier diner Posted August 9, 2023 Share Posted August 9, 2023 On 8/8/2023 at 9:20 AM, Happier diner said: That tickled me. A queue of traffic is not gridlock. Spend sometime off Island. Get some real world experience of life. @daisyWhat is confusing about that? Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted August 9, 2023 Share Posted August 9, 2023 23 minutes ago, 2112 said: Todays comedy comes courtesy of Treasury Minister Allinson who’s been on the NPM musing that money from the islands NI reserves could be invested on the island to boost the economy and strengthen the fund. He then goes on to say that it can only be done with Tynpotwald consent. If consent were granted, I could see the floodgates opening for MHKs with pet projects, schemes and wish lists making demands in an attempt to get their own way. I also think COMIN would use the funds to dip into, for projects which the public won’t get a say on, or used for other things which many would find objectionable. I could see our clowns throwing away peoples futures on get rich quick schemes, poorly planned projects on the advice of con-artists and possible criminals. I don’t know if Allinson thought he was being serious or not, or whether he could read the room? Or maybe CM Cannan is pulling the strings? I personally see many pointers that indicate that the Island's finances are in deep shit and the public reserves ARE going to be eaten into. Not for the benefit of the public though. Rather, to fund Government and its liabilities and commitments to itself that it intends to honour before anything else. A long way before anything else too. 4 Quote Link to comment Share on other sites More sharing options...
2112 Posted August 9, 2023 Share Posted August 9, 2023 (edited) 26 minutes ago, The Phantom said: How is this is different to what has gone on for the last 10 years? You’re right, except previously it was appropriated from one account to another, on a piecemeal basis. Now they are saying that this should be standard practice. They got away with small (ish) amounts but as Allinson has said Tynpotwald would have the final say. What would happen if Tynpotwald threw out his plans or if public opinion was firmly against? Didn’t the hospital get funded through the use of NI reserves with provision for it to be repaid? Edited August 9, 2023 by 2112 Quote Link to comment Share on other sites More sharing options...
Two-lane Posted August 9, 2023 Share Posted August 9, 2023 Is this similar to a company investing its pension fund in itself? Quote Link to comment Share on other sites More sharing options...
Banker Posted August 9, 2023 Share Posted August 9, 2023 58 minutes ago, Two-lane said: Is this similar to a company investing its pension fund in itself? Probably talking about joint ventures or outside investment, pension funds can invest up to 5% in sponsoring companies shares Quote Link to comment Share on other sites More sharing options...
Moghrey Mie Posted August 9, 2023 Share Posted August 9, 2023 18 minutes ago, Banker said: Probably talking about joint ventures or outside investment, pension funds can invest up to 5% in sponsoring companies shares Isle of Man Film industry? Quote Link to comment Share on other sites More sharing options...
2112 Posted August 9, 2023 Share Posted August 9, 2023 (edited) 19 minutes ago, Moghrey Mie said: Isle of Man Film industry? Not forgetting Pinewood. Didn’t the Isle of Man Film Industry land the island in a pickle, especially regarding VAT? Edited August 9, 2023 by 2112 1 Quote Link to comment Share on other sites More sharing options...
english zloty Posted August 9, 2023 Share Posted August 9, 2023 So MDC isn't going tits up and remains arms length, so why is there now a £100k job for an Executive director of urban regeneration just been given to the same person who started life as Allan Bell's project manager for the same thing? You will recall that project ran out of money t delivered considerably less than planned (even half finished street-scapes in the case of Ramsey). Answers, on a frustratingly nepotistic postcard. Quote Link to comment Share on other sites More sharing options...
Banker Posted August 10, 2023 Share Posted August 10, 2023 7 hours ago, english zloty said: So MDC isn't going tits up and remains arms length, so why is there now a £100k job for an Executive director of urban regeneration just been given to the same person who started life as Allan Bell's project manager for the same thing? You will recall that project ran out of money t delivered considerably less than planned (even half finished street-scapes in the case of Ramsey). Answers, on a frustratingly nepotistic postcard. Well they did get the Mount Murray holiday village built 😂 Quote Link to comment Share on other sites More sharing options...
Moghrey Mie Posted August 10, 2023 Share Posted August 10, 2023 (edited) These things don't come cheap. https://www.gov.im/about-the-government/departments/the-treasury/manx-development-corporation/ Time for an update on what they have achieved? https://www.tynwald.org.im/spfile?file=/business/opqp/sittings/20182021/2019-GD-0089.pdf Edited August 10, 2023 by Moghrey Mie 1 Quote Link to comment Share on other sites More sharing options...
english zloty Posted August 10, 2023 Share Posted August 10, 2023 2 hours ago, Moghrey Mie said: These things don't come cheap. https://www.gov.im/about-the-government/departments/the-treasury/manx-development-corporation/ Time for an update on what they have achieved? https://www.tynwald.org.im/spfile?file=/business/opqp/sittings/20182021/2019-GD-0089.pdf Easy. Trousering cash and chopping two floors off of a derelict building. Oh and I guess you could add possibly the new record for the most under-utilised scaffolding ever! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.