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SES Water 2024

Sutton: Private Company – SES Water – “Runs-Out” of Water Supply! (18.12.2024)

The water company (SES Water) has opened “Emergency Water Supply” depots dotted throughout the Borough! Places such as Local Libraries, Town Halls, and High Street depositories have been established – operating 24-hours a day! Thousands of people are having to queue-up outside Cheam Library whilst Police Constables are keeping order by holding people back! Each person is permitted “one” plastic bottle (1-2 litres) and no more – at anyone visit. The problem is the time the entire process is taking – and the fact that the bottled water-supplies are continuously running-out – leaving thousands empty-handed! It is strongly suggested that only the young and fit queue-up (with no young children) due to the stress involved. SES Water is delivering water to the doors of those who can prove they are “vulnerable”! My view is that water-lorries should be visiting all main streets (as happened during the 1976 Drought – when the Labour government sent relief lorries to nearly every Council Estate – and I carried a bucket with my parents as a nine-year-old). This would stop huge crowds gathering, illnesses spreading, and limit civil unrest! As for ourselves, we are holding-out with the vigour of Maoist Resistance! Even the local schools have closed early for the Xmas holiday due to having no access to water supplies!

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Economic Watch: More Lenders Could be at Risk of Failure in US Banking Turmoil! (28.4.2023)

U.S. banking turmoil is not over yet, and it’s expected that a large-scale restructuring would take place in the U.S. banking sector, said Tianyang Wang, associate professor in the Department of Finance and Real Estate at Colorado State University.Many medium-sized and small banks won’t survive the loss of deposits and some of them have to be acquired by big banks at low prices, said Wang during a recent webinar.U.S. banks are paying more to hold on to deposits, setting aside more reserves for potential loan losses in the event of a potential recession, and are now more focused on building capital rather than returning it to shareholders in the form of dividends and buybacks, said a research note by Swiss banking giant UBS.The highly anticipated Q1 results from U.S. banks did not raise any new red flags about stresses in the banking system, largely putting to rest concerns about systemic risks, said the UBS.The UBS said it remains least preferred on financials stocks and continues to expect guidance and estimates to trend lower in the coming quarters as deposit pricing issues become more apparent and as the economy weakens.

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Canada: Racist Anti-China Policy Continues with Decoupling Attempt! (7.11.2022)

China will take necessary measures to safeguard the legitimate rights and interests of Chinese companies, said the statement.

Chinese enterprise investment in Canada’s mineral sector is a business activity based on market economy principles and the development needs of enterprises, said the statement.

By generalizing the concept of national security, the Canadian side has artificially set up barriers and violated market rules, harming the commercial interests of relevant Chinese and Canadian companies and weakening global investors’ confidence in Canada’s investment environment. Canada’s stance has undermined its industrial development and the stability of the global mineral supply chain, said the statement.

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