Meanwhile, in the Netherlands

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The farce trial being played out in the Netherlands, where uncomfortable pollies have their judiciary tilt the playing field should be getting more attention than it is:

Of the 18 witnesses requested by Wilders, only 3 were accepted. Theo van Gogh’s butcher, rejected – Ahmadinejad’s personal cleric, rejected – 5 legal experts, rejected – Afshin Ellian, rejected – Robert Spencer, rejected.

The Judges deem themselves sufficiently sage to deal with the technical intricacies without the assistance of legal expert witnesses. They’ve got also ample insight into Islamic exegesis, thank you very much. Moszkowicz typified it thus: “This Court basically says: we already know.” Really?

Accepted as expert witnesses on Islam are psychiatrist Wafa Sultan, and arabists Hans Jansen and his student Simon Admiraal. They will be heard behind closed doors. Apparently, the news that Islam isn’t the religion of peace after all, must not be disclosed to the world.

Hotel

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Planning to go on holiday?  Dirtiest hotels in the world:

Heritage Marina Hotel, San Francisco, California

Phi Phi Don Chukit Resort, Ko Phi Phi Don, Thailand

Arkona Motel, Niagara Falls, Canada

Grosvenor Hotel, Blackpool, United Kingdom

Enjoy.

The Amsterdam “Hans Brinker” hotel is so bad, it advertises itself around Amsterdam with posters such as “a door in every room”.  However, hotels with language problems take the biscuit, methinks:

Economics – it’s all Greek to me

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Please bear with me here, as the thing will become clear:

  • An investment trust owns a £1 million corporation bond, issued by a private housing firm.
  • If there is a risk the private housing firm may default on repayments, the investment trust may buy a Credit Default Swap from a hedge fund. The CDS is worth £1 million.
  • The investment trust will pay an interest on this credit default swap of say 3%. This could involve payments of £30,000 a year for the duration of the contract.
  • If the private housing firm doesn’t default, the hedge fund gains the interest from the investment bank and pays nothing out. It is simple profit.
  • If the private housing firm does default, then the hedge fund has to pay compensation to the investment bank of £1 million – the value of the credit default swap.
  • Therefore the hedge fund takes on a larger risk and could end up paying £1million.
  • The higher the perceived risk of the bond, the higher the interest rate the hedge fund will require.

Seems like a perfectly straightforward transaction, except for a number of things:

Should prisoners have the vote?

polling-station-2-233x300Anna Racoon says, at Jailhouse Lawyer:

Prisoners incontrovertibly have an interest in who precisely is making the legislation that governs their stay at Her Majesty’s Pleasure, and I see no merit in the argument that part of their punishment should be further removing them from engagement in civic society.

No legislation without representation may well be their motto. That prisoners might not be best disposed towards the government responsible for the laws which currently see them incarcerated may account for the strange reluctance of this ‘Equality for all’ Government to implement the ECtHR recommendations.

I’m putting up a poll in the sidebar about it. This blog doesn’t have a huge success rate with polls but we’ll give it a go.