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Sore loser and lame duck President, Trump, is planing to visit Georgia in the next two days in order to give his backing to GOP contenders in the two senate runoff races that take place on January 5th. The outcome could have massive consequences for if the Democrats can take both seats then there will be a 50/50 split in the US Senate with the Vice President, Kamala Harris, having the casting vote. Georgia has a unique electoral rule that…

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Let me begin with an apology to the Gambling Commission.   I have often badmouthed them, here and elsewhere, but a long conversation recently with one of their staff has caused me to revise my views.   The subject was principally Betfair’s long delay in settling various markets in connection with the recent US Presidential Elections.   The Commission cannot intervene in individual disputes but it does hold a brief to ‘regulate commercial gambling in Great Britain in partnership with…

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“Fatta la legge, trovato l’inganno.” Every law has a loophole. Though many Italians view it less as a description, more an order, a necessity, even, if life is to be bearable. Find the loopholes and stretch the rules to their limits. It is an approach which comes from a long history of mistrust of often distant, capricious, arbitrary rulers, a belief that the state’s benefits are, as has often been the case, doled out to favourites, to those clever enough…

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Wikimedia Commons During the hearings of the Parliamentary Commission on Banking Standards, any number of senior bank officials were rightly chastised for their failures, particularly in relation to creating a culture in which wrongdoing flourished, many people were aware and yet no-one said anything. (“Poor governance and controls are illustrated by the rarity of whistle-blowing, either within or beyond the firm, even where, such as in the case of Libor manipulation, prolonged and blatant misconduct has been evident.”) If anyone…

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