banking

Social transitions

Banking isn’t supposed to be completely self-serving. That’s *anking.

Modern is like modern art – it means different things to different people. If you want others to embrace modern, make sure it’s a big leap forward, not one leap forward (healthcare, connectivity, UN resolutions) and one leap back on others (pollution, inequality, injustice).

How do we go from a few super-models that everyone aspires to look like, to a World full of people who are super-models on the inside?

The quiet dignity of old people should be the quiet dignity of everyone.

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Would the amount the World spends on vanity products each day cure World hunger for a week? Would the amount the World spends on defence each day prevent child suffering for a week?

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UK Social Comment1

Education opens a door to awareness. Awareness opens a Universe to discovery.

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Bank bonuses – less a reward for the past. More an incentive to generate value in the future.

In the time spent bank bonus-bashing, banks silently generate huge value for the UK economy.

Scandals in the banking industry, Parliament, or the Met Police, are like storms lashing the coastline. Learn from the experience. Take effective steps to avoid future damage, but most importantly, appreciate the strength of the underlying landscape.

If we spend time bashing the wealth creators, instead of upskilling, we’ll get the economic wasteland we deserve.

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Every person who rips off the system, takes taxpayers money that could have gone into investing in a better future for us all. And especially our kids.

Healthy living is a series of choices. Unhealthy dying is a consequence of not making the right choices.

People complain that immigration puts pressure on public services. And then choose to swamp the NHS system (A&E) instead of visiting their GP for treatment!

Taking drugs combines the worst of the Black Death with the worst of the Slave Trade.

Being proud to be English doesn’t mean celebrating understatement. There’s nothing understated about Newton or Shakespeare, the global prevalence of the English language, or the Westminster system of government.

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London Banks and Rail Companies

‘Leaves on the track’, a special rail language that most commuters can’t understand. And encouraging the astute to run into the arms of alternative transport providers.

Train companies who want to dodge a bullet, have to be faster than a speeding bullet train in their planning.

Train Companies – training for gold?

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In banking, the 3-6-3 rule used to mean; offer at 3%, lend out at 6% and be on the golf course by 3pm. Now it means; offer 3 benefits to depositors (a competitive deposit rate, personal service and safe custody of their money), give 6 benefits to borrowers (a competitive lending rate, personal service, extensive product array, global reach, minimal red tape and minimal cross-subsidisation of risk) and offer 3 reassurances on the net reserves held.

Goodwill banks are the best banks of all, since the less  (goodwill) you give, the more risk you take.

For banks and rail companies, these days, market share is the displacement of water by a boat, on an ocean of uncertain size.

A brand that isn’t about innovation is one brand too many in the World.

 

2D and 3D Worlds

In a 3D World, it’s interesting just how many jobs involve 2 modes or 2 statuses only.
How would the World operate if many of us were forced to act, by considering a hybrid state, or a time dimension as well?

Computer programmers code for a binary World, and for Windows or Mac. The obvious hybrid state is open source.

Product designers recognise right or left-handed people, male or female, real or virtual, real or imitation, outdoor or indoor, interior or exterior, toxic or non toxic. Time is an exciting third dimension to encourage flexibility into the design.

Management consultants love framing problems using 2D matrixes. Their business problems typically consider; merge or acquire, debt or equity, make or buy, outsource or insource, labour-intensive or automated, cost or quality. Most matrixes would likely yield different insights by adding a time, or hybrid dimension to them.

Graphic designers love their 2D reference grids & think black & white or colour, pixels or vectors, rush job or non rush job . Their creativity is enhanced by adding any additional dimension.

Snowboard instructors teach rookies who are goofies or naturals, on-piste or off-piste, on snow that is real or artificially-created.

Accountants journal in a double entry World. They also consider; cost and price, cash or credit. Rate of change is an exciting third dimension to consider in their reporting.

Court environments have prosecution and defence, innocent or guilty. expert witness or non expert witness, custodial sentence or non custodial. Would we have greater justice by considering a hybrid state or time dimension as well? To be fair, mitigating circumstances and suspended sentences respectively, are examples of this already.

Economists divide into macro and micro. Would we have more useful economics by considering an irrational behaviour dynamic, or adding the time dimension as well?

The Military recognises friend and foe, military or civilian. Hybrids include those people who can be won over as future supporters –change the tactics to consider the hybrid status of some people encountered in the field.

Bankers match borrowers and lenders. They also consider costs and prices. Time and/or changing risk is an exciting third state to encourage flexibility into the design.

Traders match buy and sell, act or delay. Time or changing risk is an exciting third state to encourage flexibility into the design.

Food for thought?