Best of the Week
Most Popular
1. Next Financial Crisis Is Already Here! John Lewis 99% Profits CRASH - Retail Sector Collapse - Nadeem_Walayat
2.Why Is Apple Giving This Tiny Stock A $900 Million Opportunity? - James Burgess
3.Gold Price Trend Analysis - - Nadeem_Walayatt
4.The Beginning of the End of the Dollar - Richard_Mills
5.Stock Market Trend Forecast Update - - Nadeem_Walayat
6.Hindenburg Omen & Consumer Confidence: More Signs of Stock Market Trouble in 2019 - Troy_Bombardia
7.Precious Metals Sector: It’s 2013 All Over Again - P_Radomski_CFA
8.Central Banks Have Gone Rogue, Putting Us All at Risk - Ellen_Brown
9.Gold Stocks Forced Capitulation - Zeal_LLC
10.The Post Bubble Market Contraction Thesis Receives Validation - Plunger
Last 7 days
May BrExit Deal Tory MP Votes Forecast, Betting Market Analysis - 10th Dec 18
Listen to What Gold is Telling You - 10th Dec 18
The Stock Market’s Long Term Outlook is Changing - 10th Dec 18
Palladium Shortages Expose Broken Futures Markets for Precious Metals - 9th Dec 18
Is an Inverted Yield Curve Bullish for Gold? - 9th Dec 18
Rising US Home Prices and Falling Sales - 8th Dec 18
Choosing Who the Autonomous Car Should Kill - 8th Dec 18
Stocks Selloff Boosting Gold - 8th Dec 18
Will Weak US Dollar Save Gold? - 7th Dec 18
This Is the End of Trump’s Economic Sugar High - 7th Dec 18
US Economy Will Deteriorate Over Next Half Year. What this Means for Stocks - 7th Dec 18
The Secret Weapon for Getting America 5G Ready - 7th Dec 18
These Oil Stocks Are a Ticking Time Bomb - 7th Dec 18
How Theresa May Put Britain on the Path Towards BrExit Civil War - 7th Dec 18
How easy is it to find a job in the UK iGaming industry? - 6th Dec 18
Curry's vs Jessops - Buying an Olympus TG-5 Tough Camera - 5th Dec 18
Yield Curve Harbinger of Stock Market Doom - 5th Dec 18
Stock Market Crashed While the Yield Curve Inverted - 5th Dec 18
Global Economic Outlook after Trump-Xi Trade War Timeout - 5th Dec 18
Stock Market Dow Plunge Following Fake US - China Trade War Truce - 5th Dec 18
Subverting BREXIT - British People vs Parliament Risks Revolution - 5th Dec 18
Profit from the Global Cannabis Boom by Investing in the Beverage Industry - 4th Dec 18
MP's Vote UK Government Behaving like a Dictatorship, in Contempt of Parliament - 4th Dec 18
Isn't It Amazing How The Fed Controls The Stock Market? - 4th Dec 18
Best Christmas LED String and Projector Lights for 2018 - Review - 4th Dec 18
The "Special 38" Markets You Should Trade ebook - 4th Dec 18
Subverting BrExit - AG Confirms May Backstop Deal Means UK Can NEVER LEAVE the EU! - 3rd Dec 18
The Bottled Water Bamboozle - 3rd Dec 18
Crude Oil After November’s Declines - 3rd Dec 18
Global Economic Perceptions Are Shifting - Asia China Markets Risks - 3rd Dec 18
Weekly Charts and Update on Equity Markets, FX Trades and Commodities - 3rd Dec 18
TICK TOCK, Counting Down to the Next Recession - 3rd Dec 18
Stock Market Key (Short-term) Support Holds - 3rd Dec 18
Stocks Bull Market Tops Are a Process - 3rd Dec 18
More Late-cycle Signs for the Stock Market and What’s Next - 3rd Dec 18
A Post-Powell View of USD, S&P 500 and Gold - 2nd Dec 18
Elliott Wave: SPX Decision Time Is Coming Soon - 2nd Dec 18
Junior Gold Stocks Q3’18 Fundamentals - 1st Dec 18
Little-Known BDC Stocks Thrive Amid Rising Rates and Earn Investors +7% Yields - 1st Dec 18
Ray Dalio: This Debt Cycle Will End Soon - 1st Dec 18
Bank of England Warns UK House Prices 30% BrExit Crash! - 1st Dec 18
Gold Fundamentals Improving but Not Bullish Yet - 30th Nov 18
What the Oil Short-sellers and OPEC Don’t Know about Peak Shale - 30th Nov 18
Global Economic Perceptions Are Shifting Imnplications for Stock Market - 30th Nov 18
The US Economy is Getting Worse. What this Means for Stocks - 30th Nov 18
Trailblazers Leading the Way in Online Reputation Management - 30th Nov 18
The Shift in Trend from Physical Printers to Online Printers - 30th Nov 18
UK House Prices 2019 No Deal BrExit 30% Crash Warning! - 30th Nov 18
Stocks Rallied, New Uptrend? - 29th Nov 18
The Fed Will Probably Stop Hiking Rates in 2019. What’s Next for Stocks - 29th Nov 18
Love. Fear. Inflation. A Precious Metals' Trifecta - 29th Nov 18
GBP/USD – Double Bottom or Further Declines? - 29th Nov 18
Stock Market Santa Rally Still a GO to Dow 27,000? - 29th Nov 18
UK Government and Bank of England BrExit Economic Armageddon Propaganda - 29th Nov 18
Why the Crude Oil Price Collapsed to $50 - 28th Nov 18
Gold Joins the Decline – the Earth is Shaking - 28th Nov 18
Watch This Picture As Asset Prices Fall - 28th Nov 18
GE’s Stock Price Crash Holds an Important Lesson About Investing - 28th Nov 18
5 Rules for Successful Trading - 28th Nov 18
Dollar Trend Imposes: EURUSD to Fall to 1.11 - 28th Nov 18
Gold, Original Money, Fiat Money - 28th Nov 18
When Will the Stocks Bull Market End? - 28th Nov 18
Looking ahead: Why the Smart Money is Investing in Green Energy - 28th Nov 18
The Yield Curve Will Invert Soon. What’s Next for the Stock Market - 27th Nov 18
Silver Trading and the Hands of a Broken Clock - 27th Nov 18
What's Inside SMIGGLE Christmas Advent Calender 2018 - 27th Nov 18
Investing in Recession Proof Trailer Parks - 27th Nov 18
The Advantages and Disadvantages of Debt Consolidation - 27th Nov 18
GDX, This Most-Hated Stock Could Return You 140% in Just a Few Months - 27th Nov 18

Market Oracle FREE Newsletter

How You Could Make £2,850 Per Month

Shaun Wright Wins South Yorkshire Police and Crime Commissioner Rubber Stamp Election!

ElectionOracle / UK Politics Nov 12, 2012 - 02:11 AM GMT

By: Nadeem_Walayat

ElectionOracle

Best Financial Markets Analysis ArticleThe people of South Yorkshire will be asked this Thursday to vote for their Police and Crime Commissioner by selecting a name from a list of unknown persons that have been put forward by each of 5 political parties, which means voting will be purely along party lines which given that the Tory / Lib-Dem coalition government at mid-term is at it's maximum level of unpopularity virtually ensures that the election for South Yorkshire will purely amount to a rubber stamping exercise by the 18% or so voters who will actually turn out to vote, regardless of the fact whether the candidate is actually any good for the job or not.


The PCC elections were flawed right from the outset because of the extremely large £5000 deposit required to stand that is ten times the size required to stand as a candidate as a Member of Parliament, which has resulted in the exclusion of all independant candidates. Therefore the ONLY candidates to stand in South Yorkshire are -

Shaun Wright - Career Labour politician

Robert Teal - Retail Businessman - Liberal Democrat

David Allen - Sales Manager - English Democrats.

Jonathan Arnott - Career Politician - UKIP

Nigel Benson - Former Chief Inspector for Manchester Police - Conservative

Q. Who is the best man for the job?

A. None of the above!

In my opinion the least best persons for the job are career politicians, instead it would have been far better to employ Police Commissioners on the basis of merit i.e. persons with experience in accounting, auditing, analysis, journalism and the law who actually are competent enough to hold the police to account because as we keep discovering the police are only human, they are just as capable of engaging in criminal conspiracies such as the Hillsborough disaster conspiracy as any other section of the population. But career politicians are definitely not the answer, who are only good at talking at length without actually saying anything meaningful.

As mentioned earlier, probability strongly favours Labours Shaun Wright winning the SYPCC election as illustrated by the graph below that it would literally take a miracle for any other parties candidate to win as the voters of the peoples republic of south yorkshire will be expected to rubber stamp the Labour candidate without having any clue of either who the candidate is or exactly what the PCC is supposed to do.

Conservatives Hand Over Control of UK Police Forces to Labour Gravy Train Riders

As I discussed in a recent article (Police and Crime Commissioners), the PCC elections are a total disaster, something that the general public never wanted but what are literally being rammed down their throats at a huge expense of £100 million just for the elections, never mind the increased bureaucracy that will accompany the PCC's.

The reason why the Labour party is going along with the PCC's is obvious because the Tory / Lib-Dem coalition will be lucky to win one fifth of the 41 posts up for grabs given that the Coalition at mid-term is at it's maximum level of unpopularity. This is indicative of a very weak government that is prone to making huge blunders right across the spectrum and is sowing the seeds for a landslide Labour victory at the 2015 general election.

So those that were the most critical of the role of Police and Crime Commissioner, and many of whom have no relevant experience, will now be in charge of the police forces as a consequence of the huge carrot of £100k+ annual salaries plus EXPENSES and so it remains to be seen if we will see a re-run of the MP expenses scandal with PCC's in a few years time.

What is the Big Picture?

What is the Conservative party's over-riding strategy behind PCC's ? I suspect for the answer one needs to look deep into the belie of the beast where we will find politicians eager to auction off police contracts to private corporations that they have interests in. Therefore under the guise of saving money, police activities will increasingly be contracted out to the private sector by BOTH Labour and Conservative PCC's.

Who Will Hold the PCC's to Account?

The answer is mostly current Police Authority members, which illustrates the degree to which the whole exercise is a complete farce that will result in an increased ineffectual bureaucracy at double the cost all to the benefit of political parties at tax payer expense.

What's Next?

More jobs for politicians as commissioners for Fire Brigades, Schools ? Housing ? Refuse Collection ?

Eventually there will be an elected party political commissioner for every public activity. Too much democracy is just as bad as living in a totalitarian state!

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2012 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of three ebook's - The Inflation Mega-Trend; The Interest Rate Mega-Trend and The Stocks Stealth Bull Market Update 2011 that can be downloaded for Free.

Stocks Stealth Bull Market Ebook DownloadThe Interest Rate Mega-Trend Ebook DownloadThe Inflation Mega-Trend Ebook Download

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 600 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

ChrisCorker
12 Nov 12, 10:29
PCCs

It is mentioned that Police Authority members will keep the PCC to account. This is incorrect. PAs will no longer exist after the PCC elections. The body set up in their place will be the PCP (Policing and Crime Panel) which have the power to veto only some of the PCC's decisions. The PCC will have to consult with PCP to set his objectives and plans and also set the precept for the area.


Nadeem_Walayat
12 Nov 12, 11:14
PCP Members

Hi Chris

Yes, the PA's will be replaced by PCP's but most of the members of the PCP's will be former PA members.

Best

NW


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules