Archive for the ‘Business’ Category
The Truth About Sativex
Sativex is super strong, concentrated cannabis. Nothing more, nothing less.
GW Pharmaceuticals would have you believe that it’s a “pharmaceutical” product because according to its research that’s what patients prefer. As the GW spokesman puts it, “It’s a pharmaceutical solution, formulated with the ability to deliver a precise dose and with stringent standards of quality, safety and efficacy”.
In fact, what GW does is grow high quality cannabis under pretty much the same conditions as most illegal growers. It uses clonal propagation to ensure consistent levels of cannabinoids. Lighting and hydroponic nutrition is computer controlled with automatic ventilation. It really is no different from the most sophisticated and efficent illegal cannabis farms. It’s a recognised and proven technology now also used by Bedrocan in Holland, the Dutch government’s exclusive medicinal cannabis grower and Gropech in California which is building a new 60,000 sq ft facility in Oakland for a crop worth $50 million per year.
Bedrocan Grow
The difference between these crops from legal and illegal growers is insignificant. It’s similar to buying your tomatoes from the supermarket or the farm shop.
GW Grow
GW takes its high quality cannabis, chops it up and makes a tincture by heating it under pressure with CO2 and then adding ethanol to precipitate an oil. Then, with the addition of a little peppermint oil to mask the taste and some preservative, the filtered liquid is packaged into tiny little aerosol bottles. Each spray delivers 2.7mg of THC and 2.5mg of CBD. What GW doesn’t tell you that it also contains all the other 100+ cannabinoids found in the plant, each of which has its own mechanism of action and effect. It also contains flavonoids, terpines and other compounds. Everything that is found in the plant.
Illegal Grow
I applaud GW Pharmaceuticals for bringing the enormous benefits of cannabinoid therapy into the 21st century. It’s nothing new though. The medicinal value of the plant has been known and widely used for thousands of years. Only in the last century has it been demonised by lies and propaganda. It would be a mistake though to think that Sativex is anything different from the plant itself. It’s just been wrapped up in a marketing and physical package which has enabled stupid and cowardly politicians to accept it.
In fact, Sativex remains just as illegal in Britain as herbal cannabis. Even though it has received MHRA approval for use in the treatment of MS spasticity and may be prescribed by a doctor, it remains a schedule 1 drug under the Misuse Of Drugs Act. The Home Office has indicated that it intends to amend the law but has not yet done so. This means that any pharmacist who dispenses Sativex at present is guilty of exactly the same criminal offence as any street dealer in weed or hash.
The Home Office will, of course, turn a blind eye to this but not to medicinal herbal cannabis even though, in every sense, it is identical to Sativex (except that Sativex also contains alcohol and peppermint oil). The stark idiocy of British law is revealed.
Never before has there been a better example of the how the law is an ass and so are the spineless politicians who support it.
Who Rattled Andrew Marr’s Cage? I Think He’s Worried.
It's Called Competition
Andrew Marr’s rant against bloggers rather surprised me. His Sunday morning show is a fixture for me. I think his intemperate and short tempered polemic betrays an old-fashioned journalist’s insecurity and fear of the new media
Someone in his privileged position has only to sneeze and he will be published in front of millions. I admire his work but there are thousands, equally capable and with equally valid opinions who are now able to express themselves widely on the internet. The real question is when will the “dead mens shoes”, “who you know not what you know” culture be overturned? Let’s not be shy here, I know my writing is generally better than most that’s published in the national press, yet I only enjoy that audience occasionally. Those, like Andrew Marr, who already have their foot in the door, shut it firmly in the face of their challengers and competitiors. It’s a closed shop, much worse than any trade union restrictive practice.
I do agree with him completely about anonymity. It is a matter of pride to me that, wherever I can, I use my own name when writing, commenting, abusing, complimenting, agreeing or yes, occasionally, even ranting. I also agree, in this one instance only, with that obnoxious little billionaire, Mark Zuckerberg, founder of Facebook, when he said “Having two identities for yourself is an example of a lack of integrity”. I think he’s absolutely right on this and I hope more people will follow his and my example.
Overall though Mr Marr, I think your rant about bloggers says more about you than anything else – and you’re right to be worried. I hope you stick around but there’s plenty of dead wood in journalism and broadcasting that needs chopping out. Editors are the lazy ones, the real culprits. It’s easy for them just to sign off the same old names time after time. They have become far too powerful and need taking down a peg or two. They should be scouting round the blogosphere for new talent instead of sitting on their backsides getting fat and lazy.
Rebecca
Someone, I can’t remember who, taunted me to write about The X Factor, so here I am.
I wish I’d done it before because we’re all in the “I told you so” business and it’s true, I promise, I’m hardly an ITV dot com type but I was looking up Rebecca last week. She has a rare authenticity that moves me and I believe in.
I think she’ll go far.
Banker Robbers Still On The Loose
If I considered it as the plot for my next novel, I would discard it immediately as being completely unbelieveable. It is outrageous. The story of the way the banks have wriggled and wormed away from their responsibilities is the biggest scandal the world has ever seen.
The Very Worst
Today the shameful figures are revealed of the number of complaints that our high street banks receive. See here. It is an appalling litany of failure and disrespect of customers. Complaints are at the very bottom of their priorities. They are inefficent. They have bonus systems that discourage staff from accepting complaints. Santander, which so many used to know as the Abbey or Alliance & Leicester, cannot manage to answer even half of its complaints within two months! It is shocking. It hasn’t got better since we all bailed them out. It’s got worse. Oh, except for the bonuses. They just get bigger and bigger all the time.
These problems, affecting the modest balances of ordinary people, may seem trivial in the context of the billions that the banks have already cost us but they are not. They are crucial. This is real money belonging to real people and needed to pay real bills. It’s not the cocaine, champagne, Ferrari fantasy of some City boy ponce. These figures indicate precisely the contempt, the utter disregard which bankers have for us even though it is we, ordinary people, who have been called on to rescue them from their catastrophic mistakes.
Actions Not Words!
Where is Vince Cable now? He is the biggest disappointment of the coalition government. His brave words as recently as the LibDem conference are all hot air. He has let us all down. His promises were empty.
We want the banks split up so that they are no longer too big to fail. Only today, in Ireland they are realising that their nation is still held to ransom by its bankers. So is ours.
We want retail and transaction banking separated entirely from casino investment banking so that there can be no more threat to our economy from the spivs and gamblers. We don’t want any of these sharks anywhere near our money. John Diamond, the putative new head of Barclays has made a £100 milion fortune on the back of the taxpayer and the banking crisis. He is not a fit and proper person to be in charge of a British bank. The government should ban him immediately.
Wide Boy Spiv
Late last year the Office of Fair Trading let the banks off a £40 billion hook. These were the extortionate charges illegally debited from customers’ accounts over the previous six years. See here. This was in addition to the £850 billion cost of the original bailout. See here.
How much more are they going to get away with?
When will David Cameron, Nick Clegg, George Osborne and Vince Cable stop dithering?
Stop the banker robbers now!
The Pope’s £838,000 Spin Doctor
Monsignor Media
It isn’t even the Pope paying his salary. It’s the British public. It isn’t even his air time he’s giving away. It’s the British public’s.
The Public Sector Pay Scandal
There are very few things in politics that are simple. This is an exception. The principle, implied by Panorama, that no one in the public sector should be paid more than the prime minister seems very sensible to me.
I already knew that BBC senior executives enjoy vastly overinflated pay but the fact that Mark Thompson, director-general of the BBC, gets £838,000 per annum is shocking. It is particularly hard to take after the absurd spectacle of the Pope’s visit. The leader of a very minor church, presently mired in appalling scandal, has enjoyed a bonanza of free, round the clock, TV, radio and internet promotion. I didn’t know but it turns out that Mark Thompson is a rabid Catholic. He has a nerve to run his own private campaigns at our expense! This is too much!
He is at the top and is the very worst of a deeply depressing list of excess and vanity. I am sure that many of these people are very able and skilled in their profession. If and when they choose to go into the private sector they may well make millions. While in the public sector, every single one of them should be very grateful for the privilege to serve.
The argument about market forces, put forward by the leader of Liverpool City Council, is just a weak excuse. If he really believes it then he needs to think again. Believe me, real market forces will sort this out, no problem. We will still get the very best in senior positions if we recruit properly. Successful people will seek to make their name in the public sector first, in prestige positions, then move on to make their fortune.
I say increase the prime minister’s salary to £250,000. These gestures of senior politicians cutting their own pay are meaningless and impress no one. Make that the maximum that anyone in the public sector can earn. Enforce it immediately. All salaries to be trimmed to that level from 1st October. I see everything in favour of this and nothing against.
Barclays’ Biggest Banker Robber Plans Smash ‘n’ Grab On Britain
The Unacceptable Face Of Banking
We don’t want Bob Diamond in Britain. He’s to be the next chief executive at Barclays Bank. See here. He’s not the “right sort of chap” for us or, if you prefer, he doesn’t have “the right stuff” for Britain. He’s a wide boy and a high stakes gambler. We don’t want him anywhere near our banks, our savings or our overdrafts. Why can’t he just go back to the land of the free and the home of the brave and chowdown with all the other cowboys? He’s the wrong man for Britain.
It’s people like Bob Diamond who were directly responsible for the banking crisis and for bringing the world’s economy virtually to its knees. He won all his bets so he’s alright. Let’s be clear though, it’s his behaviour and those like him that is to blame for the massive cuts that we’re all facing. He has robbed our parents of their pensions, hamstringed our business world, destroyed our children’s jobs and sabotaged their children’s education. He is laughing all over his flabby, smug face at our expense.
He’s won a £100 million fortune on exactly the sort of gambling which has destroyed our economy.
Vince Cable should stop posturing. He was great in opposition but it seems, even in government, all he can do is snipe from the sidelines.
I say, deny Bob Diamond entry into Britain on the grounds that he would be a danger to the country. Barclays may claim that it has accepted no help from the taxpayer but its exploitative business model depends on blackmailing us with its size and importance to the economy, just like all the banks.
What we needed to do was clamp down hard on their excess, split them into smaller pieces, separate casino investment from banking services, force them into accountable lending policies, severly limit earnings levels and make it clear that they work for us, not vice versa.
We may already be too late. Britain’s banks continue to be out of control.
Vauxhall’s Ad With The X Factor
As an adman, I have to say I love the new Vauxhall commercial, the one for the lifetime warranty. I can see how it’s spot on brief, catching the zeitgeist, truly the first of a new generation of advertising with a different type of offer. It’s designed for these just coming out of recession, hovering on the edge of double dip times. It’s great.
It achieves excellence by obeying the good, old fashioned rules of good old fashioned writing. It attracts your attention, inspires your interest, builds desire for the payoff and creates action at the end. Old fashioned principles with leading edge delivery. That’s advertising at its very best.
I’ll give you an example of the opposite. The X Factor is becoming like Fox News, utterly carried away on its own hype and insensitive to its audience. It knows how to pull my heartstrings and invoke my tear ducts almost at will but as it goes into its own advertising and promotion between the commercial breaks, it loses me. I wander. I write or I go into the other room. When I come back it’s telling me what’s coming up “after the break”. This is insane. I feel cheated, used and abused. I feel that I’m being toyed with and exploited.
In another echo of so many over-inflated advertising egos of the past, I laughed out loud when I saw the double page spread in The Times for Christine and Adrian’s new breakfast show “Daybreak”. This is an utter waste of money. Double page spreads are the creative team’s favourites because there are their words and pictures up in lights, like a poster, unsullied by editorial or other content. They’re the account man’s favourite too because they make for an excellent presentation and impress the client easily. Watch how readers behave. The page gets turned in double quick time. And in The Times? What objective is being achieved for ITV’s marketing strategy? Are readers of The Times part of Daybreak’s target audience? If this is aimed at potential advertisers it is an extraordinarily expensive way of reaching them.
Countless millions are wasted based on the petty pretensions of marketing directors or their advertising agencies. Similar egotistical spendthrifts inhabit TV production. Occasionally though, particularly in Britain, you see beautifully crafted and intelligently written masterpieces of communication. The new Vauxhall ad is one of these.
A BBC Preservation Order
TAKE NOTICE
This noble institution should be preserved.
It is not perfect but it is better than any alternative.
It contributes enormously to the culture of the nation.
It is our BBC
This notice should be nailed to the door of Broadcasting House and all BBC premises. Damaging or cutting off parts or branches of the institution is not allowed. Adequate space must be given to the institution’s roots which must not be interfered with. Severe penalties will be applied to anyone who knowingly or recklessly damages the institution in any way.
Then David Cameron, Nick Clegg and a heavyweight team need to take Mark Thompson aside and give him a good talking to. We want to preserve the BBC and its unique qualities but we need a hard pruning of dead wood and unproductive growth. Preserving the roots and fundamental strength are the most important objectives. Cutbacks in the right places will stimulate stronger new growth elsewhere.
I agree that Sky should contribute towards those commercial channels that it broadcasts free-to-air. It ties viewers into its subscription packages because they are comprehensive. This is gives it an unfair advantage throughout the market, as does its coverage and bandwidth.
Sky is a parasite on traditional TV companies. Its unfair advantages have enabled it to develop the best user interface and experience in the market. Even so, it is expensive and has a reputation for appalling customer service. Its relationship with Newscorp means it is part of a monstrous media empire which requires much more regulation in the interests of consumers and the community at large. It should be required to invest more in original programming and production. If necessary, a new media tax should be introduced to enforce appropriate investment and safeguards.
The BBC’s biggest mistake is the level of executive pay. There is no justification at all for anyone in the BBC to earn more than the Prime Minister. It is public money. Anyone unhappy with this should resign today. No one is indispensable. The BBC has always been the best in its business at bringing on new talent.
The Licence Fee should remain unchanged. It is fantastic value for money and shows just how expensive Sky is. The BBC Trust should be strengthened in its primary role as regulator and it should enforce cost savings, efficiencies and executive pay. It should also ensure that the BBC becomes more responsive and closer to its audience. Its complaints and feedback system is fundamental to this. It needs to be brought back in house and given real priority. See here.
Britain adores its BBC. Let’s ensure we preserve it and allow it to flourish.
Peter Reynolds 
