All posts by Billy

Best IPO’s of 2016 broken down

What is an IPO?

An IPO is the first time that the stock of a private company is offered to the public. IPOs are often issued by smaller, younger companies seeking capital to expand, but they can also be done by larger companies looking to become publicly traded. IPO stands for initial public offering, and is essentially a company issuing equity to potential shareholders for a price. Continue reading Best IPO’s of 2016 broken down

Aliko Dangote

The Richest African in the world Aliko Dangote

The Richest black person in the world is Aliko Dangote with an estimated net worth of $ 16.7 billion as of March 2016. He is the founder of the Dangote Group which has various operations in Nigeria and several other countries. Dangote Cement is Africa’s largest cement manufacturer with over 26,000 employees in Nigeria. The company is building cement plants in Ethiopia, Zambia, South Africa and Sengal. Aliko Dangote has been planning on listing Dangote cement on the London stock exchange. There were rumours about this from 2012 and the company is currently listed on the Nigerian Stock Exchange with a market capitalisation of $ 15.8bn, making it the largest company on the Nigerian Stock market by market capitalisation.

To protect this vast fortune in a Country as unrefined as Nigeria, the Dangote affiliation has gone to extreme lengths to protect the reputation of the company, even when people shit on it, which is literally what happened in Gboko, March 2014. A young man named Terhile Jirbo relieved himself in a bush after playing snooker near one of Dangote’s factories, but the place was commonly used as a toilet. A soldier manning one of the security posts inside the factory saw what happened and ordered Jorbo to pick the mess up with his mouth or risk getting shot, Jirbo said he wanted to use his hands so the soldier shot him in his mouth. The bullet tore his mouth open and threw him to the ground, but he jumped up quick, ran away and collapsed nearby.

This was one attack out of many where soldiers in that area have been harassing residents for a while. Incensed, understandably, dozens of youth gathered at the factory protesting and insulting the soldiers for hours. At this point the protestors began to question why government soldiers were sent to protect a private company and verbalised this.  It’s like having SAS guarding Marks and Spencers in Dartford. The soldiers got increasingly riled up and started shooting people, bullets were hitting people in the back and a woman was shot in the head point blank. Six men and one woman died , dozens injured and the spread of devastation through families and friends will live on forever. The Dangote cement factory agreed to pay compensation to the families of the dead victims and injured.

There are still parts of the world where the sanctity of life seems to have little value, but yet corporations and business enterprise can create huge fiscal returns. There are around 170 million people living in Nigeria, and 57 million people living there don’t have access to safe water. Over 130 million don’t have access to adequate sanitation and two hundred thousand people die from AIDs. We can see how desperation and disease must be on the fringes of the mindset of millions. Making one wrong choice can set you back lifetimes in Nigeria so people in all situations will do anything to keep themselves from becoming victims of their environment. They will protect corporations, to the extreme, even if the corporation wouldn’t want them to. The creation of a predatory environment comes from limiting resources, and inducing fear, and as a result the evolved psyche of a human changes. Irrationality can easily  breed in these environments.

Nigeria is ranked 15th in world in oil production and for years has been a member of OPEC. The richest black man in the world lives in Nigeria and yet 4.4 million Nigerians are effected by starvation. I am in no way saying this is the responsibility or the fault of Dangote, because it’s not. I  am merely making  an observation about the huge disparity between the super rich and the dying in Nigeria, which is having cataclysmic cerebral effects on the population. Talk about crabs in the barrel. The natural resources of the Country are being utilised by the sharper minds who have processed the abundance of African commodities and turned it into multi-national businesses. The wealth is extremely concentrated and as a by-product the scraps are left for the chickens to fight for. Every now and then the wolves arise on the scene and tear the chickens apart. This can come in the form of a government soldier or as a terrorist, but the results are the same and the circle of accumulation and devastation continues. Its good to see a company that has employed so many African  people and has given back so much to society strive on the global forefront. The company is still trying to grow and Nigeria definitely has a framework for business development. The next African Billionaires will have to come from sustainable technologies, something that is accessible by most people no matter how rich they are. For now, Aliko Dangote reigns supreme.

Dangote and Gates want to erradicate Polio

Hillary has more bodies than Trump

The post-presidential race rhetoric is coming in from every Tom, twat and Harry about Donald Trump and his anti-muslim ,wall building & misogynistic sentiments. The mud slinging is in full effect and anger is at boiling point for anti-Trump supporters, understandably. He’s a reality TV star who is now in control of the most powerful Country in the world, and that in itself shows how the political system in America is severely broken.

Continue reading Hillary has more bodies than Trump

Ed hates blood diamonds

Producer and Director of Blood diamond Edward Zwick has worked on a number of epic action packed movies such as Legends of the fall, glory, traffic and the Last Samurai. He also executively produces the new Nat Turner movie, birth of a nation. Thoughtful concepts, excellent visionary materialisation and compelling writing have made the projects he has been involved in successful and meaningful. This is a name that we should look out for in the future as I’m sure he’ll have another awe inspiring production coming soon.

 

Di Cprio & Ed Wick

Di Caprio with a subby

Rachel Dolezal

The blackest most whitest, white black girl…..Rachel Dolezal

Rachel Dolezal – The blackest most whitest, white black girl that’s ever lived. She’s the ex-leader of the NACPP who ‘identified’ as a black person for most of her life. She was hated and vilified after being ousted by her own parents who didn’t know why she told people she was black. She pretended for years to be a race that she wasn’t in order to pursue social justice and change for struggling black folk. This story goes to the heart of America’s on going love affair with race. Consider these facts;

Continue reading Rachel Dolezal

The First Photo

First human in a photo

Daguerreotype was the first publicly announced photographic process. It was invented by Louis-Jaques-Mande Daguerre and introduced worldwide in 1839. To make a daguerreotype the daguerreotypist would polish a sheet of silver-plated copper to a mirror finish, treat it with fumes that made its surface light sensitive and expose it in a camera for as long as was necessary. Viewing a daguerreotype is unlike looking at any type of photo. The image does not sit on the surface of the metal, but appears to be floating in space. The first photo of a person was taken using the daguerreotype process. The man in the photo, we should call him Jean-Louis Le Franc, was having his shoes shined. It would be interesting to see howJean Louis would take to Snapchat or Instagram, but we’ve definitely come a long way since then. Modern day photography has become a convenient way to self promote but the ability to physically capture a memory will always be important for us.

Boulevard du Temple – Paris

First Colour Photo

First human photo close up

First colour photo

Thomas Sutton collaborated with the theoretical physicist James Clerk Maxwell to take three separate exposures of a tartan ribbon through red, green and blue filters. The developed negatives were projected through separate magic lanterns, with the same coloured filters, on to a screen to create a single image. The principle of colour photography was born.

First colour photo was a tartan ribbon

First war photo

One of the very first war photographs was of US forces fighting in the Mexican War in 1847. The image of American troops riding into the city of Saltillo was  captured using daguerreotype technology. The photographer was an unknown American who wanted to take pictures of the likenesses of army officers, Mexican civilians and battlefields. The Mexican war resulted in the US forces being victorious and acquired 500,000 sq miles of land. It is estimated close to 5,000 Mexicans were killed during the land acquisition. The photos are rich in history and the rough and abstract finish makes for striking photography.

First war photograph

What is a recession?

What is a Recession

A recession involves at least two consecutive quarters of negative real GDP. GDP is one of the primary indicators used to gauge the health of a country’s economy. It represents the total value of all goods and services produced over a specific time period. USA, China, Japan, Germany & the UK have the largest GDP’s around the world  as of 2016. The GDP calculation is a measure of consumer spending + business investment + government spending + net exports.

History of Recession

The international Monetary Fund defines a global recession as a decline in annual per-capita real World GDP. Since WW2 there were only 4 global recessions. In (1975, 1982, 1991 & 2009), all of them lasting about a year. In 1970 and 1998 there was annual GDP growth rate of 3% or less which can also be considered as a recession. It is difficult to define, due to the GDP growth of developed and developing countries being so different. The IMF estimates that global recessions occur over a cycle lasting around 8-10 years.

Where are we now

Global GDP is estimated to have grown by 3.09% in 2015 and looks to grow to 3.16% in 2016 with recovery being mainly driven by developing economies. The US is experiencing small growth in GDP at around 1.2% per quarter and China is  experiencing growth at around the 6.5% per quarter level. The real worry looks to be Japan who are the 3rd largest economy. After seeing a 0.02% expansion in the first quarter of 2016 and with their economy relying heavily on QE, it seems like it’s just a matter of time until their  spiral hits rock bottom. That could have a massive impact on the worlds economic status.

At some point in the near future we will enter another recession. Factors such as Brexit, the Japanese debt crisis, curtailing consumer spending and the ridiculous US presidential election could all be worthy catalysts to send the world back into near negative economic growth. The housing bubble in the UK has so far remained glossy, but with the amount of new building projects in London alone at a super high level prices will be coming down due to over saturation of the market. No one knows when any of this will happen but it is inevitable. You just have to ensure your skills are sharpened so your job is secure and if you can save money for that moment when the price of everything drops you can find yourself a bargain.