Prem Sikka
premnsikka.bsky.social
Prem Sikka
@premnsikka.bsky.social

Emeritus Professor of Accounting. Member, UK House of Lords.
If with all your effort and might you do not reach the mountain top that is not failure; failure is that you did not even try.

Prem Nath Sikka, Baron Sikka is a British-Indian accountant and academic. He holds the position of Professor of Accounting at the University of Sheffield, and is Emeritus Professor of Accounting at the University of Essex. .. more

Business 56%
Economics 31%

Trump: ‘We are going to do something on Greenland whether they like it or not’.

"I would like to make a deal, you know, the easy way. But if we don't do it the easy way, we're going to do it the hard way."

US Constitution has failed to control the felon. The world is heading to a dark place.
Trump: ‘We are going to do something on Greenland whether they like it or not’
Trump said that if the U.S. doesn't take action on Greenland, "Russia or China will take over" the Danish island territory.
www.cnbc.com

Trump threatens military strikes on Mexico to target drug cartels.

Drugs is an excuse, there are plenty of homegrown hard criminals in the US, the real target is mineral wealth.

The military industrial complex funds US politics, wants profits from world domination, fear and instability.
Trump Threatens Strikes On Mexico—Says ‘Own Morality’ Only Cap On His Power
The president talked about the future of Venezuela, potential land strikes in Mexico, and international law in two separate interviews with the New York Times and Fox News.
www.forbes.com
🚨 Exclusive: Tony Blair isn’t just a big fan of AI — he's now trying to build and sell AI tools to governments

Tony Blair Institute staff have described the plan as 'insane' and compared it to Palantir

New by D4S and @lighthousereports.com 🧵

democracyforsale.substack.com/p/blair-bids...
Blair bids to build own AI tools to rival Palantir
TBI insiders warn of “'insane” plan to transform think tank into a tech company
democracyforsale.substack.com

Reposted by Prem Sikka

Govts serve their paymasters. They guarantee corporate profits - privatizations, PFI, outsourcing, VIP lanes, subsidies, bailouts.
Obedient minister get corporate consultancies/jobs after they are booted out of office.
Almost all of our economic problems stem from political corruption.

The two-child benefit cap was a Tory creation but perpetuated by Starmer/Reeves. Seven Labour MPs had their whip withdrawn for opposing it.

Reposted by Prem Sikka

Treasury has ‘limited grasp’ of concerns over shadow banking sector.

The UK is sleep walking to the next financial crash.

Shadow banking, which includes private equity, is unregulated. Retail banking being deregulated.

The Pension Schemes Bill urges schemes to invest in PE.

Madness.
Treasury has ‘limited grasp’ of concerns over booming shadow banking sector, peers say
Report says officials seem unprepared for potential risks that unregulated industry poses to UK financial stability
www.theguardian.com

Pupils left shivering as PFI contract ends with school repairs unfinished.

For £1 of private investment in public assets govt repaid £6 to contractors.

After 25 yrs assets revert to public ownership in good condition. Companies enter bankruptcy, dodge responsibility.

PFI revived by Starmer/Reeves
School pool barricaded as repairs contract ends with work unfinished
A BBC investigation finds building issues across city schools after a firm contracted to carry out repairs went into liquidation.
www.bbc.co.uk

Reeves’s promise of England pub business rates U-turn averts Labour rebellion.

Policies announced, defended and abandoned.
Two child benefit cap
Winter Fuel Payment
Farm IHT
Disability benefit cuts
Private equity tax

Own goals galore by a weak chancellor.
Reeves’s promise of pub business rates U-turn averts Labour rebellion
Change in England largely welcomed by industry and Labour MPs but represents another climbdown
www.theguardian.com

'I don’t need international law’: Trump says power constrained only by ‘my own morality’

Appeasing the gangster Emperor gets you temporary concessions.

Other hegemons will play the same game - attack countries, kidnap people, grab wealth, share it with a clique.

New imperialism in our lifetime.
‘I don’t need international law’: Trump says power constrained only by ‘my own morality’
President says morality ‘the only thing that can stop me’ in New York Times interview on limits to his authority
www.theguardian.com

Reposted by Prem Sikka

Reposted by Prem Sikka

What should the world do about Trump's attack on Venezuela, threats to other countries?

The UK hasn't condemned the attack; obeys Trump; won't call for sanctions imposed on other states for violating the UN charter.

The era of gangster states is with us.

Watch the Minister's reply

Reposted by Prem Sikka

You can see the problem when the same party controls both houses.

Reposted by Prem Sikka

Reposted by Prem Sikka

The gaps left by the US could be filled by others, marking further erosion of US influence. Since Roman times, and earlier, superpowers have always undermined their interests and influence through arrogance.

Reposted by Prem Sikka

It could always hear the sound of money.

Trump to withdraw the US from 35 non-UN groups and 31 UN entities, including bodies related to climate change, gender equality and women's empowerment.

International cooperation replaced by dominance and personal whims of a small clique.

Greater uncertainty, insecurity and corruption inevitable.
Full list as Trump announces US leave 66 key international organizations
They include a crucial climate treaty and a UN body promoting gender equality and women's empowerment
www.independent.co.uk

Reposted by Patrick Dunleavy

Eight years after the collapse the FCA fines two former Carillion directors for misleading investors before collapse.

What about the rest of the board?

No statutory changes made to corporate governance.

Companies have legally unenforceable voluntary codes, not laws.
FCA fines two former Carillion directors for misleading investors before collapse
Richard Adam and Zafar Khan knew about serious problems but failed to alert the market, UK regulator finds
www.theguardian.com