UK visitors wait 2.5 hours to get through immigration at Heathrow

Official UK government statistics reveal that on 30 days in July the Border Force agency at Heathrow failed to meet its target of processing visitors within 45 minutes; on July 5, visitors had to wait 2.5 hours. Read the rest

The UK's largest estate agency is on the verge of bankruptcy

Countrywide is the UK's largest property agents (they own estate agencies like Hamptons International, Bairstow Eves and Bridgfords), with 900 locations and 10,000 employees, and they're selling off shares at fire-sale prices in a desperate bid to raise £140 million to service their massive debts; the sum is 300% of the company's market cap, their shares are down 60% on the news, and the company blames plummeting London prices and Brexit jitters for their misfortunes. Read the rest

The worse your town was hit by austerity, the more likely you were to vote for Brexit

After the Brexit vote, a lot of people pointed out that the areas that voted most heavily in favour of separating from the EU were also the areas that relied most heavily on EU subsidies, and wondered why British voters would decide to slit their own throats. Read the rest

London luxury housing market bubble bursts: 39% of sales last quarter were to deep discount wholesalers making bulk buys

London's property market continues its implosion, brought on by a combination of tightening capital controls (much of the market exists to help offshore criminals launder their money), Brexit, and a long-overdue correction to a wildly inflated market. Read the rest

New York surpasses Brexit London as the world's second-hottest luxury property market

If you are an oligarch or criminal looking to exfiltrate and launder your money, London property markets have been your go-to asset class: London lux is real-estate that behaves like cash, thanks to the long line of oligarchs and criminals who'll pay cash for your safe-deposit box in the sky on a few hours' notice, should you need to liquidate ahead of a purge or an indictment. Read the rest

Cambridge Analytica data-raid: the number is "much greater than 87 million"

Brittany Kaiser is an ex-Cambridge Analytica employee who gave written testimony and answered questions at the UK Parliament this week in which she revealed that the Facebook apps that Cambridge Analytica used to covertly gain access to millions of users' data went far beyond the ones disclosed to date, and that the number of total users implicated is "much greater than 87 million." Read the rest

Referendums and low-engagement voters produce catastrophic outcomes (but what about corruption?)

The idea of representative democracy is that we pay lawmakers to give serious attention to the nuances of policy questions and cast votes on our behalf in accord with their understanding of our preferences, applied to those nuanced understandings. Read the rest

Facebook insists that Cambridge Analytica didn't "breach" data, but "misused" it, and they're willing to sue anyone who says otherwise

Yesterday's bombshell article in the Guardian about the way that Cambridge Analytica was able to extract tens of millions of Facebook users' data without their consent was preceded by plenty of damage control on Facebook's part: they repeatedly threatened to sue news outlets if they reported on the story and fired the whistleblower who came forward with the story. Read the rest

Brexit is deflating the London housing bubble, with prices down 15% in some neighbourhoods

London's housing bubble has appeared unprickable, stabilised by influxes of offshore money from "investors" who saw property in the capital as a safe, easily liquidated bet even after the 2008 crisis when the rest of the UK saw housing prices tumble. Read the rest

#BrexitStamps: The sarcastic commemorative Brexit stamps of Twitter

MP Andrea Leadsom wants the Royal Mail to commemorate Brexit with a postage stamp. Twitter has run with the idea, shooping and tagging with #BrexitStamps, making sure to tag @andrealeadsom. Read the rest

Scotland is still a financial secrecy exporter, laundering billions for Russia's crime-bosses and oligarchs

If you're an oligarch in the former Soviet Union, chances are you owe your billions to corruption and even overt criminal activity, and your ability to hang onto that money is entirely contingent on the sufferance of the even-more-corrupt strongmen at the top, like Vladimir Putin -- one wrong move and you may find yourself stripped of your assets (or even assassinated in broad daylight). Read the rest

Morgan Stanley, with a long rapsheet for corporate crimes, says Jeremy Corbyn holding them to account would hurt them worse than the worst Brexit

Morgan Stanley is one of the world's largest banks, so naturally it has racked up a long list of frauds, crimes, and misdemeanors, which it has emerged from largely unscathed, thanks to the unwillingness of governments to tackle corporate crime, especially in the finance sector. Read the rest

Jeremy Corbyn tears into the Tories over incoherent Brexit bumbling

A frequent criticism of Jeremy Corbyn and the revitalised, principled, post-Blair Labour Party is their lack of clarity on Brexit -- some speculated that Corbyn felt that Brexit would, at least, allow for re-nationalisation of privatised industries, something the EU might block -- but at Wednesday's Prime Minister's Questions, Corbyn shredded Theresa May and the Tories with a series of relentless, devastating questions about the slow-motion train-wreck that is the Tories' bungling handling of Brexit. Read the rest

For $25, you can target Facebook users based on race and sexual orientation

Point created an obviously fake company with tons of alarm-raising inconsistencies, allocated it $25, and then used their budget to target Facebook users based on race and sexual orientation, a move that, depending on the ad's content, can violate US civil rights law. Read the rest

Brexit: UK Tories propose changing thousands of laws in secret, without Parliamentary oversight

Much of the UK's system of laws and "unwritten constitution" derives from EU law, so with Brexit inexorably advancing, the UK has to pass a whole raft of parallel legislation that will replace the EU laws with UK versions, lest there be a "legal black hole" the day after Brexit. Read the rest

London house-purchase volume falls off a cliff

In May 2014, 259 Islington homes changed hands; in May 2016, 139 houses were sold in the Borough: this May, it was 89. Read the rest

Corbyn's Labour surges to an 8-point lead over the Tories

Yougov's latest poll numbers put the "unelectable" Jeremy Corbyn and his "unrealistic" "unworkable" political platform eight points ahead of Theresa May and her Conservative Party, who were only able to form a government by allying themselves with the terror-supporting young-Earth creationists of the DUP. Read the rest

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