Thursday, 3 August 2017

Brexit slows growth and devalues Pound. The Cautionary tale of Mary Ann Weems

Mary Ann Weems' Cautionary tale
The Governor of the Bank of England noted that business investment was lower, business leaders delaying decision making and wages nor rising as fast as inflation as a result of Brexit. His forecast was for a slightly lower growth in the economy and inflation to peak in October as price rises came through.

He was positive about the potential continued growth of the finance sector, and a possible uplift in the economy in the coming year.

The overall effect was a drop in Sterling v the Euro, with £1 now buying only €1.10.

Transcripts of President Trump's phone conversations at the beginning of his tenure were somehow obtained by the Washington Post. Obviously the White House is still leaking.

They show him attempting to pressurise the Mexican President Peña Nieto to at least not state publicly that Mexico would not pay for the wall. And we already know that the conversation with the Australian Prime Minister Malcolm Turnbull was heated.

However, President Trump's support of coal and manufacturing has won over the Governor of West Virginia, who has just switched sides from Democrat to Republican at a Trump Rally in the State.

Our day started off with a glitch, when we had a power cut in the middle of a WiFi update. It was just a blip, but it seemed to throw the Virgin Superhub. It took three resets and a phone call to Virgin to finally sort the problem later in the afternoon - very frustrating.

This was however balanced by a trip to Godmanchester for an update meeting on a history based project, beginning with a light lunch of a Maltese platter of salads and feta cheese. We also went over to the church of St Mary the Virgin to look at some display panels. There were some very good Victorian stained glass windows to admire.

On the way back to the car, I passed the famous gravestone of Mary Ann Weems with the longest cautionary tale, here's a transcript:

'As a warning to the young of both sexes: This stone is erected by public Subscription over the remains of MARY ANN WEEMS who at an early age became acquainted with THOMAS WEEMS formerly of this Parish this connextion terminating in a compulsory Marriage occasioned him soon to desert her and wishing to be Married to another Woman he filled up the measure of his iniquity by resolving to murder his Wife which he barbarously perpetrated at Wendy on their Journey to London toward which place he had induced her to go under the mask of reconciliation May the 17th 1819. He was taken within a few hours after the crime was committed, tried and subsequently executed at Cambridge on the 7th August in the same year.

Ere Crime you perpetrate survey this stone
Learn hence the God of Justice sleeps not on his throne
But marks the Sinner with unerring Eye
The suffering victim hears and makes the Guilty die'

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