Archive for the 'Money Markets' Category

25
Jul
09

councillor’s mental health problems put to good use

'Councillor Potts uses his own mental health experiences to help himself'

'Councillor Potts uses his own mental health experiences to help himself'

Cleadon and East Boldon councillor David Potts who has a history of mental illness is hoping he can use his own experiences to change people’s perception of mental illness.

Councillor Potts, who is till trying to get his life in order after being detained under section 4 of the Mental Health Act following his deselection as the prospective Conservative Parliamentary candidate in the Labour held Edinburgh South constituency at the next General Election, is now backing a national campaign to get a section of the Mental Health Act, which states an MP can never sit in Parliament if they suffer a nervous breakdown while in office, changed.

Under Section 141 of the Mental Health Act 1983, an MP automatically loses their seat if detained under the Act for a period of 6 months or more.

He said: “how can this be fair? Basically what this says to people is, if like me, you’ve suffered from a mental health problem, your opinions will never be valid again”.

He went on to say, “this means that people who have the most experience of the system cannot change the system.

“When I was about 14 I started getting very depressed and became paranoid and I’ve had to cope with these feelings ever since. Things became extremely difficult for my family after I tried to kill myself and as you can imagine, I wasn’t a very pleasant person to be around”

“Eventually, my mam took me to the local hospital to see one of the doctors there and he said he wanted me to go into hospital. They basically said to me I could either go voluntarily, or I could be sectioned for up to six months.”

Councillor Potts, who is a self employed financial trader and lives in West Boldon, spent the next few months in hospital, is backing a national campaign by mental health charity Rethink, to raise awareness of mental health issues with MPs. 

He said: “I am taking a big risk being so open about my mental health problems and there are things people can and I am sure will, say, it could also be the end of my politial ambitions, but if you go through something like this, you should be allowed to have your say.

“It’s essential that people who have experienced the system should be allowed to shape it”.

23
Jul
09

councillor sectioned following sacking

'Councillor Potts cannot cope with his demons'

'Councillor Potts cannot cope with his demons'

A year ago councillor David Potts was a rising star in the Conservative party after being selected as the Conservative Parliamentary candidate to stand against the Chancellor, Alistair Darling at the next general election.

Many Scottish Conservatives reckoned that he was destined for great things and even councillor David Potts believed that he would – at the very least become a  minister in the new Conservative administration – that was until Mr Monkey revealed his antics here in South Tyneside to the world.

Within months of exposing the ‘real David Potts’ any ambitions he had to make it to Westminster were over. The Scottish Conservatives took the unusual step of effectively sacking him by removing him as their candidate and replacing him with Edinburgh councillor, Jason Rust who ironically had been pictured with David Potts on a number of occasions.

Councillor Potts found it difficult to come to terms with this rejection and his life quickly spiralled downwards.

Publicly he tried to convince the world that he had ‘resigned’ because of his father’s ill health and when it was pointed out to him by people who knew his father that this wasn’ttrue, he changed his story and claimed that the real reason he resigned was so that he could return to South Tyneside to fight the far right threat posed by the BNP.

He attended one meeting hosted by the leader of South Tyneside Council and to date no further meetings have been held.

Those close to councillor Potts feared for his safety and mental wellbeing as his behaviour became more erratic. They noticed that his drink problem had became more profound, he started to talk to imaginary beings and became increasing paranoid – he thought he was being followed by monkeys and started to see chimps everywhere.

This paranoia was coupled with depression, something he had suffered from as a child. He found it difficult to cope with and eventually retreated into his own world, he refused to answer his telephone, speak to anyone and then disappeared.

Some people thought he’d gone on holiday but Mr Monkey can now reveal that he returned to Scotland in an attempt to tackle his Edinburgh demons, but bottled it at the last minute and ended up in Glasgow.

He thought he was safe there where he could hide amongst the down and outs, tramps, alcoholics and drug addicts - that was until a jogger spotted him in the infamous Glasgow Green on the banks of the Clyde and called the police.

Apparently when the police arrived they found him unconscious on a park bench dressed in khaki shorts, a beige tshirt and a pith helmet. He was surrounded by a dozen toy monkeys, some of which had been mutilated and a fluffy chimp hanging from the tree above him in what appeared to have been a mock execution.

When the police roused him he refused to acknowledge their presence, pulled out a water pistol and started to ‘shoot’ the toy monkeys. He even tried to kiss and cuddle 2 blue monkeys which he kept referring to us Maggie and Smeagol.

At this point the police decided to ‘protect’ him and took him to the Gartnavel Royal Hospital where he was detained under section 4 of the Mental Health Act.

Mr Monkey can reveal that councillor Potts - who has a history of mental illness - is now hoping he can use his own experiences to change people’s perception of menal health and is campaigning for the law to be changed.

PART 2 WILL FOLLOW SHORTLY

06
Jul
09

how to recognise a coke head

Whether snorted, eaten, injected or smoked, cocaine is potentially deadly and no one can predict a fatal dose. Here are some perils of long-term, unresolved cocaine addiction and even short-term abuse in some cases.

  • Necrosis in nasal tissue. Snorted cocaine causes constriction of blood vessels; too much constriction means that tissue is being deprived of oxygen, which can lead to cell death.
  • Seizure.
  • Arrhythmia, heart attack and stroke. Cocaine puts an enormous burden on your cardiovascular system, dramatically elevating a user’s heart rate. Even recovered addicts face a likelihood of heart attack seven times higher than the average person. Risk of heart attack is substantially more elevated in the hours after taking a dose of cocaine.
  • Respiratory failure.
  • Kidney damage failure.
  • Serious infection or contraction of HIV/AIDS from contaminated needles.
  • Circulatory embolism from insoluble elements cutting the injected cocaine.

Cocaine is seen by many especially wannabe high flyers – as a hip, glamorous drug but true addicts are not burdened by those delusions, as they desperately focused on how to score their next fix.

Here are some ways to recognize cocaine addiction.

Constantly runny nose. Snorting cocaine can lead to rhinitis, a fancy term for the inflammation of the nasal membranes. Consequently, people who snort cocaine often have an uncontrollably runny nose. In addition to runniness, addicts often suffer nosebleeds or even a loss of their sense of smell.

Pronounced fluctuations in mood and energy levels. When high on cocaine, an addict experiences a rush characterized by hyperactive tendencies, euphoria (as mentioned above), fidgetiness and elevated heart rate. Cocaine highs produce these effects in varying length and amplitude, depending upon how the cocaine is ingested.

But cocaine abuse physically alters the brain’s ability to register pleasure by any other means than gradually escalating doses of the drug. Inevitably, the high gives way to an equally powerful low, characterized by irritability, lethargy and depression.

Sleeping problems. Cocaine addiction can lead to insomnia or oversleeping.

Paranoia and psychosis. Chronic abuse of cocaine can cause the user to become paranoid and anxiety-ridden or even spiral into hallucination and psychotic episodes.

Sexual clues. Cocaine users often report heightened libido, but cocaine abuse can also cause erectile dysfunction and impotence.

Grinding teeth. There’s even a term for compulsive tooth grinding – “bruxism.” This nervous tendency is a common consequence of smoking cocaine.

Short breath. Someone who smokes crack may suffer from shortness of breath due to lung damage from the smoke. No matter how it is ingested, cocaine raises your heart rate enough that, to keep enough oxygen pumping through the veins, a person often feels shortness of breath.

Hot and cold flashes. Cocaine abuse compromises our ability to regulate body temperature.

Weight loss. Cocaine acts as an appetite suppressant, to such an extent that some addicts ultimately suffer from malnutrition.

Needle tracks. A cocaine addict who injects the drug intravenously typically has a track of needle pricks visible on the forearm. Addicts often resort to wearing long-sleeved shirts even on ridiculously hot days in their efforts to hide the evidence of their cocaine addiction.

These observable characteristics do not necessarily indicate addiction to cocaine, but where several of the observations can be made, cocaine addiction is a distinct possibility. Successful treatment is an individualised process, but the first step is identifying the problem and encouraging the addict to find help.

Mr Monkey wonders if bloggers recognise any of the above signs, in thier local councillor perhaps?

04
Jul
09

city whiz kid or a mammy’s boy?

Mr Monkey has noticed that the King of Sleaze, David Potts behaviour is becoming increasingly erratic and that his nose is slowly changing shape.

Several weeks ago this chimp asked a source close to Pudgy Face to listen carefully to the way he talks – he wanted to know how often he spoke through his nose. Mr Monkey also wanted to know how frequently he blows his nose and whether the rumours about him always having a runny nose were true.

For sometime Mr Monkey has been concerned about councillor Potts health, especially his drink problem. But now this chimp is wondering whether Tory Boy’s erratic behaviour can be explained by some other type of addiction.

The King of Sleaze tries to portray himself as a financial whiz kid and judging by his Twitter he fancies himself as a hard nose city boy.

Unfortunately he’s too lazy to get of his arse and move to where the real action or is he worried about being exposed as a fraud?

As well as his normal outlet for spouting his shite, he’s now using Twitter to to con us into believing that it all happens in the Red Lion Boldon.

He talks about flash restaurants, parties, quayside apartments, saunas and wild holidays. But strangely there’s no mention of fast cars, something that’s synonymous with succesful city traders.

Could this have something to do with the fact that he no longer drives after being caught using his dad’s car before he was old enough to get a licence?

Despite all his fancy talk, what Tory Boy doesn’t tell you is that being a ‘high flyer’ means you have to live at home with your mam .. Yes at 26, Pudgy Face is still a mammy’s boy!

Coming soon … the dangerous side effects of cocaine.

02
Jul
09

local conservatives party at your expense

'councillor Milburn consoles his leader after news broke that councillor Gibson got away with more expenses than he did'

'councillor Milburn consoles his leader after news broke that councillor Gibson got away with more expenses than he did'

Over the last couple of days Mr Monkey has been having another look at the expenses claims of Laurel and Hardy, the comedy duo who represent the Cleadon and East Boldon Ward, councillors Potts and Milburn.

Armed only with a diary, a calculator and a list of council committee meetings, Mr Monkey has come to the conclusion that Laurel and Hardy have been having a very fine time at the behest of the public purse. Readers will remember that Mr Monkey revealed Dumb and Dumber’s excessive expense claims in a previous post CLICK HERE

The King of Sleaze David Potts accumulated £3116.81 whilst attending the Local Government Association’s “Environment Board”, travelling up and down to London (with the odd overnight stop) via first class rail travel. Over £800 was pocketed claimed largely without the production of any receipts.

Likewise, councillor Milburn the Cleadon Plonky managed to rack up £3129.85, this time via the Local Government Associations “Strategy and Finance Board”. Not to miss out on any free money, £300 was paid out with no proof that it had actually been spent.

Those of you who frequent this site on a regular basis will not be surprised by these figures – councillor Potts has always been top of the class when it comes to sponging a publicly funded jaunt to London, a free bed for the night and a slap up meal to boot. Clearly, he has also created Milburn in his own image, indeed they both love nothing more than a good feed at the pig’s trough at the public’s expense of course. 

Whilst their greed may be galling, it’s surpassed by their total disregard for the people who elected them. Over a period of 6 consecutive LGA Environment Board meetings, cpunillor Potts never missed one of them. When it comes to 6 Community Area Forum meetings (the life blood of the councillor/electorate structure) all held within a couple of days of Potts’ trips to London, he managed to attend a grand total of ……0, zero, nil, zilch, none.

Councillor Milburn’s record is equally contemptible. 4 of his LGA Strategy and Finance Board meetings fell on the same day as his local CAF’s – Milburn chose to go to London on all four occasions, spending £1381 instead of representing those who elected him. Over the Council committee period 2008/2009, the 3 stooges – Conservative councillors for Cleadon and East Boldon (lets not forget the Donald Wood) – never managed to attend a CAF meeting as a trio. Pudgy Face Potts didn’t even manage to get his rather ample backside to one meeting, such is his laziness and contempt for the electorate.

So there you have it. When it comes to representing their communities, councillors David Potts and Jeffrey Milburn could not care less and would rather have a free couple of days in London, all paid for from the public purse.

Mr Monkey has this message for all you doubters out there … when you’re sitting in The Cottage or The Red Lion listening to the whines emanating from the mouths of Potts and Milburn as to how their reputations have been besmirched by The Monkey, remind them that all this information has been gleaned from the Councils own internet site. It’s free to use and free to see – the devil is in the detail, however, the devil is never in The Gazette!

13
May
09

tory councillor David Potts £12,000 expense claims

After yesterday’s pronouncements by the Conservative leader David Cameron concerning the dodgy expense claims of some of his colleagues i.e pay back the money or risk being booted out of the party, Mr Monkey can’t help wondering when councillor David Potts, the local Conservative group leader will join the newly formed  alliance of spineless progressives and the outcasts, who apparently want to be known as The Progressive Party and The Association on non Aligned Independent Councillors?

Regular readers of this blog will remember this post CLICK HERE

"After claiming nearly £12,000 in expenses he still can't afford a pair of sunglasses"

"After claiming nearly £12,000 in expenses he still can't afford a pair of sunglasses"

about councillor Potts record expense claim in 2005 when he claimed more than £2,251 – most of it was spent on First Class rail travel which just happened to be around the same time he claimed he was studying at Cambridge.

Mr Monkey can now reveal that councillor Potts has gone that extra mile in the last 12 months (2008 – 09) and has set another record by claiming a whooping  £3,393 in travel expenses and subsistence.

Interestingly this claim also coincides with the period that councillor Potts had been selected as the Conservative candidate to challenge Alistair Darling in Edinburgh – that is until Mr Monkey put paid to his political ambitions by revealing the sleazy alcohol fuelled antics of councillor Potts.

This chimp reckons that the people of South Tyneside unwittingly paid for his campaign jollies and will be stunned to learn that the council allowed him to get away with it.

Mr Monkey can also reveal that councillor Potts, who is allegedly in opposition has one of the worst attendance records on South Tyneside council,  but he’s still managed to claim nearly £12,000 in travel and subsistence since his election in late 2004.

This chimp reckons it’s time David Cameron turned his attention to some of his colleagues in local government, especially those who are blatantly ripping off the taxpayer with their exaggerated and probably fraudulent expense claims.

.. and Mr Monkey certainly intends to bring councillor Potts dubious expense claims to his attention.

09
Mar
09

the audit commission gives council top marks for losing £10 million

'Rewarding failure'

'Rewarding failure'

Council leader Iain Malcolm Miss Piggy and the borough’s Dominatrix, Irene Lucas might want to put their celebrations on hold following last week’s announcement by the Audit Commission that South Tyneside Council is rated a 4 star authority.

Mr Monkey has learned that the Audit Commission and it’s inspectors have become a laughing stock after they announced that Cambridge City Council won top marks for sound financial management and value for money – despite investing £9 million in Icelandic banks and a potential loss of £618,000 on Cambridge Folk Festival ticket sales.

The top score of four marks was awarded by the Audit Commission for the council’s use of resources and it was one of the 13 top performers in the country.

The award focused on strategic financial management, sound governance, effective financial reporting and giving taxpayers value for money.

Council leader Cllr Ian Nimmo-Smith said: “The Audit Commission is aware of the financial issues in relation to the Icelandic deposits, which affect many councils, and the Folk Festival tickets. I can’t say to what extent they have been taken into account.”

He added: “I’m very pleased the successful way which we run things in Cambridge has been recognised by the Audit Commission. This endorses the recent survey results that showed that residents in Cambridge rated the city council as providing value for- money services at a higher level than other districts in the county.”

At the recent budget setting meeting, Cllr Lewis Herbert, Labour group leader, likened the Liberal Democrats’ management of council finances to a “road crash” with Cllr Nimmo- Smith at the wheel.

He said the Icelandic investment and Folk Festival losses, after an internet ticket sales company went into liquidation, were “self-inflicted”. He said he was surprised the council still received a four-star rating.

He added: “Losing £9 million in Icelandic investments and over £1 million in interest and the Folk Festival tickets represents a shocking failure of the council’s control systems.”

For the second year running, the finance and value for money element of the inspection gave the county council the top score of four.

Cllr John Reynolds, cabinet member for corporate services, said: “I am delighted that our inspection found that the way we manage our budget and spend council taxpayers’ money is of the highest order. We continue to work within an extremely tight financial climate but this score shows we are among the best councils in the country when it comes to financial management.”

These weaknesses are now most evident. For a Council to be declared “excellent” in the same week that it cuts services and raises taxes, and in the same year that it slashes staff pay, is crazy.

The Council have released a special issue of their staff newsletter to congratulate everyone on the achievement.

At the top of the list of high performing services are the Revenues and Benefits service, who deal with Council Tax payments and the administration of benefits to the needy. They too have received a top 4 star rating and yet a mixture of bad laws, bad government and crazy local decision making has seen many of the staff in that department lose a crushingly large proportion of their salary this year.

There’s nothing about this in the congratulatory press releases issued by the Council, the Audit Commission and the government.

Mr Monkey can’t help wondering what South Tyneside is hiding?

29
Dec
08

REVIEW 2008: The Fat Controller Claims £2251 To Ride The Train

This post appeared back in July and revealed that the King of Sleaze, Tory Boy David Potts set an all time record for his expense claims. The money grabbing bastard screwed more than £2250 out of the council tax payer for first class rail travel in a single year!
 
Home from Home!

Home from Home!

In a week when MPs expense claims came under scrutiny The Monkey thought it would be an apt time to remind bloggers that South Tyneside’s own Tory Boy, Councillor David Potts still holds the record for a single year’s travel expense claim.

His record breaking claim of £2251.90 for the period April 2005 to March 2006, was largely due to the fact that he screwed the system was claiming first class rail travel to and from Cambridge University where he was partying studying.

Councillor Potts even had the cheek to try and justify his blatant abuse of the public purse. He said, “People who’ve been in touch with me care more about the policies I stand for than the way in which I travel.”

Wrong Councillor Potts people think you screwed the system for personal gain!

Heaven help the poor taxpayer if by some quirk of fate he manages to beat Alistair Darling in the forthcoming General Election. Imagine BA flights from Edinburgh to London, taxis, accommodation costs, secetarial support, office expenses, communication and second home allowances, subsistence and of course the infamous ‘John Lewis’ list.

The Monkey reckons Tory Boy Potts is expecting the tax payer to handover at least half a million pounds in expenses for his five year stint!

08
Dec
08

Mr Monkey Acquires A Stake In The Gazette

Mr Monkey has been watching the financial performance of Johnston Press the company that owns The Malcolm Fanzine Shields Gazette closely over the past 6 months. It seems they’ve not been fairing too well of late and thier share price has reached rock bottom.

One of Mr Monkey’s financial advisers has been keeping a close eye on things and for the past two months this chimp has been contemplating buying some of the company’s shares. Mr Monkey thought it would not only make financial sense, but it would also allow a bit of monkey business at the company’s AGM – imagine Papa John’s Szymanski’s face when questions aboutthe Shields Gazette and his relationship with council leader Iain Malcolm are tabled at the AGM?

Mr Monkey can now confirm that one of his holding companies has recently acquired shares in Johnston Press and will now be privy to shareholders information which he will happily share with readers of this blog.

Over the past couple of years Johnston Press has been finding trading conditions difficult and in June there was a rights issue to raise funds to help alleviate the company’s debt burden – at that time shares were valued at 53p – today the value of those shares have fallen to just 9p.

On December 24th 2007 the share price was £2.76 and just under a year later (5th December 2008) they had fallen to 8p.

Mr Monkey reckons times are hard at the Gazette Johnston Press and they’re going to get even harder for Papa John over the coming months.

03
Dec
08

EXCLUSIVE: South Tyneside Council Lends £122 Million To Banks

Earlier this week Mr Monkey exclusively revealed that South Tyneside Council had invested money in Icelandic banks, CLICK HERE but withdrew it before the system collapsed.

Mr Mr Monkey can now exclusively reveal that South Tyneside Council regularly plays the money markets and loves risking taxpayers money on the world’s financial markets.

Currently South Tyneside Council has lend around £122 million of our money to various banks and financial institutions around the world. In return the council receives interest on the money it lends - the higher the interest – the greater the risk.

Here’s a list of who the council has lent money to:-

Barclays Bank – £10 million
Lloyds TSB – £3 million
National Australia Bank – £3 million
Allied Irish Bank – £10 million
Bank of Ireland – £10 million
Anglo Irish Bank – £5 million
Nationwide Building Society – £10 million
EBS Building Society – £8 million
Bank of Scotland – £9 million
Alliance and Leicester – £200,000
Abbey National – £3 million
Natwest SIBA – £5.78 million
Standard Life Money Market Fund – £8 million
DEPFA Bank – £2 million
Unicredito Italiano – £10 million
Coventry Building Society – £10 million
Chelsea Building Society – £10 million
Leeds Building Society – £5 million

Mr Monkey would like to remind the fuckwits in the town hall that the world’s money markets are in chaos and the banking system is on the verge of collapse - it’s time you stopped playing the financial markets before you bankrupt the borough and find yourselves behind bars.




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