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Family / Re: Is Money Everything? by Wallie(m): 12:21am On Mar 08, 2015
Chimarto:


If you're in my soup a situation whereby you can't afford #70,000 school fees, you will know that being rich is a huge glory.

I agree but think about this: what do you think keeps Dangote and Otedola up at night or do you think that they do not worry about anything? Otedola practically went broke a few years ago. Dangote lost how many billion dollars in the span of just one year? Do you know how many "rich" people are running around scared of the election results? It is true that they're not worried about the basic necessities of life but they certainly do worry about the things money can't buy.

But like was quoted in the first response "being rich is better than not being rich."
Family / Re: Is Money Everything? by Wallie(m): 10:14pm On Mar 06, 2015
damiso:
..
That said it takes a very very high level of scruples not to compromise a bit on certain moral issues eg tax avoidance.Me and hubby had this argument when the HSBC issue was in the news.He said in a way all those millionaires were actually not breaking any laws as some tax havens and tax avoidance schemes are perfectly legal.I said sometimes it's not about what is legal but what is morally right.(and he calls himself a progressive wink)

He said it's easy to say that now you are on PAYE but let's see how easy it would be for you when the taxman wants to take 50% of your wealth.I honestly think I would pay my fair share but then do I know if I really would

It will sound like I'm splitting hairs but bear with me: tax avoidance is legal but tax evasion is illegal. Tax avoidance lowers your tax bill by structuring your transactions so that you reap the largest tax benefits and is considered extremely wise. This is why a company that made billions of dollars can end up paying $0 in taxes. On the other hand, tax evasion is an attempt to reduce your tax liability by deceit, or concealment. Tax evasion is a crime. HSBC was enabling a crime.

Also, it is easier to say that people in the higher tax bracket should be taxed more to pay for stuff until you find yourself in the same tax bracket. For example, there's the debate that occurred when Obama was proposing to charge people that made $250k-500k per year more because they're considered "rich".

Most people in the lower tax bracket said "sure" they're millionaires; tax them more but people that made a little over $250k are saying, "What the hell are you talking about? I'm just slightly more comfortable than you and I'm also struggling just to make it to the next tax bracket!." In reality, $250k/yr is not a lot of money by the time you pay your taxes, private schooling for the kids, house in a decent neighborhood, student loans, and two cars. There’s an acronym for people like that: High Earners, Not Rich Yet (HENRYs).
Politics / Re: AIT Documentary On Tinubu: Lion Of Bourdillion (Videos) by Wallie(m): 3:41pm On Mar 04, 2015
If Tinubu is as corrupt as alleged and the list of his alleged illegal transactions are well-known, what else is the sitting government waiting for to prosecute him?

I think this documentary, if true, really indicts the sitting government as not doing enough to combat corruption! What else do they want to prosecute him? They have the power of the incumbency, Tinubu being an arch enemy, EFCC, judiciary, police, etc. What else do they need?

If you can’t prosecute an arch enemy with well-known and publicized illegal transactions, how can you prosecute those who actively hide their illegal dealings and may have immunity?

2 Likes

Business / How Would One Start A Small Business With $2 Working Capital? by Wallie(m): 3:07pm On Mar 03, 2015
Put up $8 of your own money. Your company now has a post-money valuation of $10, and your investor friend owns 20% of your new venture, BrownieLuv.

Use $4 to buy 4 boxes of Duncan Hines Fudge Brownie mix (on sale at $1 each.) Use the remaining $6 to buy eggs and vegetable oil (or, even better, use your own), red Cling Wrap, and heart-shaped stickers. Use your own tap water, energy source, and oven.

Each box of brownie mix should yield 12 large brownies. Wrap each brownie neatly in the red Cling Wrap and seal with a heart-shaped sticker. Arrange the brownies on pretty ceramic dishes or platters, or perhaps small wicker baskets dug out of the attic. Commission an artistic friend to create a catchy sign out of poster board and sharpies (BrownieLuv is Here!) Cost: 1 brownie.

Seek out two trendy food trucks serving your area. Negotiate strategic partnerships wherein the owners receive 50% of all brownie revenue. The duration of the strategic partnerships: 30 days. If the owners balk at the duration, structure them so that they will terminate if/when the brownies fail to reach a predetermined benchmark (surely there will be 24 buyers per food truck over the course of a busy lunch hour.) Price point: $1.00 per brownie.

Revenues:
48 Brownies a Day (30 Days) @1.00 = $1440 [Gross]
Proceeds after Partner Share = $720 [Net]

Expenses:
120 Boxes (Batches) of Mix @1.00 = $120
Vegetable Oil (2 ounces per Batch @$.09/ounce) = $21.16
Stickers (1440 @ $.03/sticker) = $43.20
Eggs (120 @$.16/egg) = $20
Cling Wrap (3 boxes of 200 sq.f.) = $10.50
Total = $215.30

EBITDA: $504.70

Your share of BrownieLuv is now worth roughly $403.76. Your investor friend's stake is now worth $100.94, a 5000% increase in the value of her initial investment.

http://www.quora.com/How-would-one-start-a-small-business-with-2-working-capital
Politics / Re: GEJ's CYBERCRIME BILL Allows FG To Spy On Nigerians - Death Sentence For Hackers by Wallie(m): 10:18pm On Feb 24, 2015
Death sentence for hacking "Critical National Information Infrastructure"? shocked What EXACTLY is Critical National Information Infrastructure?

How come starving "Critical National Information Infrastructure" of allocated funds by way of embezzlement does not carry the death penalty? It seems the stiffest punishments are ALWAYS reserved for crimes committed by ordinary citizens!
Politics / Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by Wallie(m): 7:15pm On Feb 24, 2015
Shey na by force to comment? If you're going to comment the least you could do is read the damn article!
Religion / Re: Jesus Was A Black Man by Wallie(m): 9:58pm On Feb 20, 2015
tevinsolt:
the same delusion op is suffering from, is what many black Americans are suffering from. can imagine, they believe they are the true Hebrews taking from Israel to captivity, those idiots skipped History classes. west African descent thinking they're linked to a culture hundreds of miles away on another continent it is laughable and equally sad.

I'm not commenting on the veracity of what you wrote but the allusion that "history classes" correctly convey historical facts. In your own lifetime, haven’t you seen history being distorted? What makes you think that those in power did not re-write the history in the textbooks used to teach us?

3 Likes 1 Share

Religion / Re: Jesus Was A Black Man by Wallie(m): 8:15pm On Feb 20, 2015
kobonaire:

… Why do we have the most corrupt government system, public/private system and why are we accepting of it as a people? The only think holding a black man back is the black man himself.

My guy, like I said, I believe in taking responsibility for one's actions but it is not that simple. I personally detest people making excuses for their failures and not taking responsibility for them. I believe one should keep trying in spite of those standing in one's way. Nobody said life was fair.

We have nobody to blame than ourselves; however, that does not mean that others are not enablers of our shortsightedness.

Here's how -

1. Oil gets stolen from Niger Delta by the shipload. Who buys them?

2. A popular politician becomes wise and wants to kick against colonialism. He ends up dead or his puppet opposition gets funded miraculously.

3. Why are all the French colonies in Africa, 14 countries, still using a currency dictated by France? CFA's value is pegged to the Euro, which is controlled by the European Central Bank.

4. African politicians steal money and invest where?

5. Nigerian politicians steal money and hide it in which banks?

6. Why is China re-colonizing Africa by buying and tying up all our natural resources? What happens when we need access to the resources or realize that the cheap money they gave us has been mismanaged?

7. Who is going to deal with the long term effect of the oil spill in the Niger Delta? Assuming the Nigerian govt does not know any better, can the same be said for the foreign companies that operate in Nigeria? Can they try the same thing in non-third world countries?

Like I said, ultimately, the responsibility is ours and caused by our greed and shortsightedness but there are others that are complicit. I just wish we can be strategic for once and see past our nose!
Religion / Re: Jesus Was A Black Man by Wallie(m): 6:01pm On Feb 20, 2015
kobonaire:
Why can't the "black man" prove himself in the modern day time rather than trying this convoluted approach of staking a claim that "Jesus is a black man". The concept of Jesus is in itself mythical because it is faith based (religion). If the "black man" really wants the "respect and admiration" of the world then she should strive to improve him/her self in this era that we live in.

I do not believe in making excuses but your question is somewhat naive. What do you mean by "prove himself"? Are you saying that if you compare a group of white babies to a group of black babies from well-adjusted parents, if tested as kids before environmental factors kicks in, one group will be better than the other? If you believe one group is better, then how is it possible for the other group to sometimes test higher than the first group? Nigerians are known to excel academically all over the world. Can you imagine if we have the same type of structure and encouragement as white people?


Our surroundings (parents, teachers, friends, schools, social class, and family connections) help mold who we grow up to be! You cannot simply compare the end result and use that as prove! On average, even Nigerians that spent the first 18 years of their life in Nigeria but now live in the US will be more “informed” and better “exposed” than their counterparts still in Nigeria. It is not that the Nigerians in the US are necessarily smarter; it is because they’re exposed to more in their daily lives especially if they schooled and work in the US.

How one is treated in the environment they grow up in matters a great deal!

White people appear superior not because they inherently have better intelligence but because the societal factors that hold some groups down and discourages them, mostly, do not work against them.

3 Likes

Religion / Re: Jesus Was A Black Man by Wallie(m): 5:14pm On Feb 20, 2015
zizirecords:
... The main reason blacks worship white people and believe they are superior is because we all believe Jesus is white. Change him to black and we will see ourselves as equal if not stronger than white people.

I guess people never wondered why (1) white is considered pure, (2) white is beautiful, (3) white is considered superior, and (4) why a child of mixed race is considered a member of the lesser race (hypodescent)?

http://en.wikipedia.org/wiki/Hypodescent
Religion / Re: Jesus Was A Black Man by Wallie(m): 4:42pm On Feb 20, 2015
I started the thread below awhile ago where I asked the same question.

https://www.nairaland.com/1558170/what-color-santa-claus-how


Wallie:
Monday evening musings…

We've been made to believe that Santa Claus and Jesus are white (and Northern European) but are we being mislead?

Santa Claus is a fictional character based on Saint Nicholas who was the Greek Bishop of Myra (part of modern-day Turkey). Jesus is said to be Jew of first-century Palestine.

Would we be wrong in accepting a more dark-skinned (or is it brown-skinned) version of Jesus and Santa Claus or should we just accept them the way they're presented to us?

If you think that we should accept them the way they're presented to us, do you think such acceptance contributes (unconsciously) to our thinking that "white" is more beautiful than "black" or that "white" is good and "black" is bad?

There must be a reason that most blacks, especially in Africa, think being light-skinned is more beautiful or that “black” represents the devil. If you say “black” represents bad and/or the devil, and you’re black, what does that make you?
Politics / Re: 615 Terrorist killed In Both Air And Ground Attacks In Sambista Forest - Pic by Wallie(m): 3:19pm On Feb 20, 2015
1. No sign of blood anywhere.
2. It appears they died in agony.

My guess is that died of some sort of chemical weapon. Their death is certainly good news but the govt should be careful not to take illegal actions that they would have to account for in the future; at the very least, stop with the pictures!

Years after the menace of Boko Haram subsides, people would have forgotten how they held the NE at ransom but some people will be looking to settle an old score by trying to get the govt to account for the killings.

The govt is between a rock and a hard place! Damned if you do, damned if you don’t!
Family / Re: Is Money Everything? by Wallie(m): 3:22am On Feb 20, 2015
Empero1:
@OP

I concur 100% . Especially the issues of " all of the things you picture buying, they are only worthwhile to you because you cannot afford them (or have to work really hard to acquire them ".

This is by far my biggest issue today! I only desire things just slightly outside my reach but once acquired it is time to move on. I prefer the chase more than the catch.
Family / Re: Is Money Everything? by Wallie(m): 10:41pm On Feb 19, 2015
izuch:

Why waste my precious time?


Time = money but is money everything? See how I related your question back to the topic? grin The topic is not meant to resonate with everybody. You might just be at the stage where the question does not apply to you.

2 Likes

Family / Re: Is Money Everything? by Wallie(m): 10:29pm On Feb 19, 2015
izuch:
Too long nd boring, all I could see was "$15m" and "$10m"

Probably because you never pondered the question. All na levels! grin

2 Likes

Family / Is Money Everything? by Wallie(m): 9:59pm On Feb 19, 2015
Response 1

I made $15m in my mid-20s after I sold a tech startup. I talked to a lot of people about this question, and thought a lot about how to stay the same person I was before and after making money.

Here's my answer: being rich is better than not being rich, but it's not nearly as good as you imagine it is.

The answer why is a bit more complicated.

First, one of the only real things being rich gives you is that you don't have to worry about money as much anymore. There will still be some expenses that you cannot afford (and you will wish you could), but most expenses can be made without thinking about what it costs. This is definitely better, without a doubt.

Being rich does come with some downsides, though. The first thing you are thinking reading that, is, "cry me a river". That is one of the downsides. You are not allowed to complain about anything, ever. Since most people imagine being rich as nirvana, you are no longer allowed to have any human needs or frustrations in the public eye. Yet, you are still a human being, but most people don't treat you like one.

There's the second downside. Most people now want something out of you, and it can be harder to figure out whether someone is being nice to you because they like you, or they are being nice to you because of your money. If you aren't married yet, good luck trying to figure out (and/or always having self doubt) about whether a partner is into you or your money.

Then you have friends & family. Hopefully your relationship with them doesn't sour, but it can get harder. Both can get really weird about it and start to treat you differently. They might come and ask for a loan (bad idea: if you give, always give a gift). One common problem is that they don't appreciate Christmas presents the way that they used to, and they can get unrealistic expectations for how large a present should be and be disappointed when you don't meet their unrealistic expectations. You have to start making decisions for your parents on what does and does not cost too much, and frankly, it's awkward.

Add all of these up and you can start to feel a certain sense of isolation.

You sometimes lay awake at night, wondering if you made the right investment decisions, whether it might all go away. You know that feeling standing on a tall building, the feeling you might lose your mind and jump? Sometimes you're worried that you might lose your mind and spend it all.

The next thing you need to understand about money is this: all of the things you picture buying, they are only worthwhile to you because you cannot afford them (or have to work really hard to acquire them). Maybe you have your eye on a new Audi -- once you can easily afford it, it just doesn't mean as much to you anymore.

Everything is relative, and you are more or less powerless to that. Yes, the first month you drive the Audi, or eat in a fancy restaurant, you really enjoy it. But then you sort of get used to it. And then you are looking towards the next thing, the next level up. And the problem is that you have reset your expectations, and everything below that level doesn't get you quite as excited anymore.

This happens to everyone. Good people can maintain perspective, actively fight it, and stay grounded. Worse people complain about it and commit general acts of douchebaggery. But remember this: it would happen to you, too, even though you might not think so. You'll just have to trust me on this one.

Most people hold the illusion that if only they had more money, their life would be better and they would be happier. Then they get rich, and that doesn't happen, and it can throw them into a serious life crisis.

If you're part of the middle class, you have just as many opportunities to do with your life what you want of it. If you're not happy now, you won't be happy because of money.

Whether you're rich or not, make your life what you want it to be, and don't use money as an excuse. Go out there, get involved, be active, pursue your passion, and make a difference.



Response 2

In my experience, for an entrepreneur at least -- getting enough money to have freedom is worth it and a glorious thing.

Here are my experiences:

1. "Made" $10M+ in paper gains on DotBomb 1.0 stock, lost all but $50k. Felt horrible. Took me 4 years to get over it. Horrible. Terrible emotional scars. Of almost having had something, but having lost it forever.

2. Made $2M on first start-up. This was the best experience ever. The good feeling lasted four years -- the good feeling -- every single day, until Lehman Brothers and lost half of it (until the market came back). This was the happiest time of my life, from here until Lehman. Why?

$2M after taxes was about $1.5m. At the time I was making about $150k a year. After taxes that's about $90k in California. So, in selling my first start-up, I made the equivalent of almost 20 years of income (ignoring inflation). Plus, at the time, the market was reliably growing 10% YoY, so I didn't even have to worry about inflation. That meant I never, ever again had to do a job, or something, I didn't want to do. I did have to work again - clearly. So the pressure to work wasn't gone. Which is actually a good thing, it keeps you alive, the need to work at some point, in some fashion. But the freedom to only do exactly what I wanted to do was new. It was glorious.

3. Made $20M on second start-up. Finally, real f'you money. I feel no better. Yes, I bought a better house. I didn't even bother to buy nicer cars. Who cares. I just bought some more jeans. Look, I am intellectually proud and gratified to have this money. But it didn't buy my freedom, which I had from before. It didn't improve the quality of my life.

So the $2M was the best. Losing $10M was the very worst. The $20M wasn't as sweet as the $2M.

So for me at least, the learning is the one thing that matters money can buy you is freedom. Some may call this f'you money, but it's not about that for entrepreneurs. It's about having freedom from the man, freedom to just go for it.

Response 3

I certainly don't regret it.

Wealth removes constraints. Whether that's a good thing or a bad thing depends on the extent to which you needed those constraints. If you have a serious alcohol or other drug addiction, wealth could be fatal for you. In general, it makes people more of whatever they already were. If you're an asshole, getting more money will probably make you more of an asshole. However, if you have purpose and meaning in your life that goes beyond chasing the golden carrot, money can give you the freedom to focus on the things that truly matter to you.

One of the biggest dangers of wealth is that it often causes people to cut themselves off from the larger society, either out of fear or the belief that they are somehow better than others. We are all one.

Response 4
I found wealth to be a personality multiplier. For example, if you're cruel and unkind, then being wealthy will make you even more cruel and unkind (because you don't even have survival-related reasons to be nice to anyone anymore). If, instead, you are kind and generous, then being wealthy will make you more so (because wealth enables more opportunities for doing so, plus people respond more strongly to your positivity, thereby creating a feedback loop).

And because wealth is a personality multiplier, it is also an experience multiplier. If you are miserable middle-class, you will likely be even more miserable wealthy. That's because all your personality traits that causes you to be miserable (eg, greed, cruelty, paranoia, inner turmoil) get multiplied. Similarly, if you're happy middle-class, you're likely to be even happier wealthy, for the same reason. Personality traits that causes you to be happy (eg, generosity, kindness, inner peace) multiply, thereby multiplying happiness.

So my advice is: learn to be happy BEFORE becoming wealthy. Most importantly, learn the skills that lead to inner peace, inner joy and compassion. Those skills make you happy when you're middle class, and will make you even happier when you get rich. Without those skills, the most likely outcome of wealth is misery.

http://www.quora.com/Is-getting-rich-worth-it

2 Likes

Politics / Re: PDP Faction Wants GEJ Out, Confess 6 Month Interim Government -sahara Reporter by Wallie(m): 10:13pm On Feb 17, 2015
jcflex:
...
Some officials stated that the party hierarchy viewed Mr. Obasanjo’s public departure from the party as a dangerous signal and as a major threat. “Chief Obasanjo doesn’t just come out swinging the way he has done recently unless he is privy to the existence of some third forces that are against President Jonathan. And to the best of our knowledge, the former president has never fought a battle like this and lost, no matter how long it takes him,” one of the officials said.
...
http://saharareporters.com/2015/02/17/pdp-faction-wants-jonathan-out-candidate-party-faces-deepening-schisms

1. Interesting quote.
2. I’ve had this believe that the US knows of something seriously wrong with the present administration for them to openly distance themselves. Something that they do not want to be a part of must have happened or is happening and Obasanjo, with his international exposure, finally dumping a party that he had promised to remain loyal to suggests that the problem might be more wide spread than GEJ’s government.
Politics / Re: Would Buhari’s Candidacy Be Disqualified Based On His INEC Application? by Wallie(m): 5:32pm On Feb 13, 2015
@mikeansy
@netotse

I found the relevant sections:

Section 131 says: “A person shall be qualified for election to the office of President if (a) he is a citizen of Nigeria by birth; (b) he has attained the age of forty (40) years; (c )he is a member of a political party; and (d) he has been educated up to at least School Certificate level or its equivalent.

“In Section 318, School Certificate or equivalent means (a) a Secondary School Certificate or its equivalent, or Grade II Teacher’s Certificate, the City and Guilds Certificate; or (b) education up to Secondary School Certificate level; or
“(c) Primary Six School Leaving Certificate or its equivalent and (i) service in the public or private sector in the Federation in any capacity acceptable to the Independent National Electoral Commission(INEC) for a minimum of 10 years; and
“(ii) attendance at courses and training in such institutions as may be acceptable to the Independent National Electoral Commission for periods totaling up to a minimum of one year, and
“(iii) the ability to read, write, understand and communicate in the English Language to the satisfaction of the Independent National Electoral Commission(INEC); and “(d) Any other qualification acceptable by INEC.”

The out for Buhari is the "equivalent" requirement to the need for having a "School Certificate." What is deemed "equivalent" to a "school certificate"? Has this question ever been answered by the courts?

Assuming he's deemed to have an equivalent certificate, the next issue will then be his sworn affidavit. Like I said earlier, it is not easy to prove that someone perjured himself. This is not an open-and-shut case as some would think. Time for the lawyers to earn their pay! :-)
Politics / Re: Would Buhari’s Candidacy Be Disqualified Based On His INEC Application? by Wallie(m): 3:13pm On Feb 13, 2015
@mikeansy
@netotse

Do either of you have a link to the regulations in question? I saw some links being quoted some weeks ago but can no longer find it.
Politics / Re: Would Buhari’s Candidacy Be Disqualified Based On His INEC Application? by Wallie(m): 10:01pm On Feb 11, 2015
mikeansy:
...
The above is completely different from the case of perjury against him in which he claims his certificate is with army even though he possibly may not have one. This is a criminal case that could lead to imprisonment if found guilty!

My post was referring to his sworn affidavit about his certificate being with the military. Here'e the issue to be litigated as I see it:

Did Buhari commit perjury when he submitted his application to INEC as a presidential candidate?
Politics / Re: Would Buhari’s Candidacy Be Disqualified Based On His INEC Application? by Wallie(m): 9:37pm On Feb 11, 2015
omolami:
Ignorance is not an excuse in law.Learn fast.Buhari is liable and so will face disqualification.

You are right about not being able to use "ignorance" as an excuse but I never said he could claim ignorance. I said he could use "mistake" as a defense because "mistake" is an affirmative defense to the charge of perjury.

Mistake = blunder
Ignorance = lack of knowledge

If he made a mistake and misremembered pertinent facts then he could not have had the requisite intention to commit perjury. It will be interesting to see what his defense strategy is. PDP has to prove they he knew he was telling a lie.

Here's the quagmire: on one hand they’re claiming Buhari is senile and forgetful; and on the other hand, they will have to claim that he remembered what happened 50 years ago. So which is it?

2 Likes

Politics / Would Buhari’s Candidacy Be Disqualified Based On His INEC Application? by Wallie(m): 9:06pm On Feb 10, 2015
For the charge of perjury to stick, Buhari must have (1) sworn an oath to tell the truth; and (2) intentionally made a false statement. He did swear an oath but did he intentionally make a false statement? Lawyers are going to have a field day!

It is very difficult to prove perjury charges because perjury is a crime of intent, which means that a defendant charged with perjury can only be found guilty if the prosecutor shows beyond a reasonable doubt that the defendant intended to make the false statement under oath.
Making a mistake or remembering facts inaccurately is not an intentional misstatement.

For Buhari to successfully defend himself all he simply has to say he made an error or mis-remembered the facts because it happened so long (50 years?) ago .

I doubt he will be disqualified based on his INEC application.

1 Like

Politics / Re: Nigerian Army Captain Who Leaked Ekiti Poll Tape Speaks: How We Were Used To Rig by Wallie(m): 11:08pm On Feb 06, 2015
perculiarperson:
If they were used to rig, how come PDP didn't win in Osun? At least the winner was declared by the court today? Nigerians are too gullible!!!

That army man should be brought to book. If it was the truth, why didnt he include his name?

APC Fools!!! APC has failed woefully!!!


investnotspend:
A Nigerian Army Captain, who leaked the audio evidence of how some top officials of the Federal Government and the Peoples Democratic Party, PDP, used the Nigerian Army and other security agencies to rig the governorship election in Ekiti and Osun States last year, has spoken out about the matter.
In a statement entitled: “How Nigerian Army personnel were used to rig Ekiti and Osun States Gubernatorial Elections 2014″, Captain Sagir Koli gave details of all that transpired between himself, his commanding officer, two ministers and some politicians prior to the elections in Ekiti state....
Politics / Re: Some Weapons Re-Captured From Boko Haram By The Army (Photo) by Wallie(m): 6:28pm On Feb 03, 2015
Kudos for losing the weapons or for getting back what they bequeathed? And they are looking for more sophisticated weapons from the US? What will happen if such sophisticated weapon miraculously finds itself in the hands of Boko Haram?
Politics / Re: APC May Also Be Manipulating Nairaland "Likes" by Wallie(m): 2:58pm On Jan 29, 2015
ilugunboy:

Shut up and prove your allegations..
FreeGlobe:

nwanne God bless you mightily. End of discussion grin grin grin
Sunnybobo3:

Kpokom!

Not to get involved in your squabble but I think your proof is slightly lacking. Likes are instantly recorded but number of views gets updated every 24 hours or so. When a video goes viral, during the surge, the number of likes will probably surpass the views until a steady state is reached.

As of right now, the video has 5282 Views and 197 likes.


https://www.youtube.com/watch?v=LnvNuKNkKFk



Here's a video from Youtube's analytics guy on view counts and other related problems

https://www.youtube.com/watch?v=oIkhgagvrjI#t=114

1 Like 1 Share

Politics / Re: CNN Fails To Interview Poorly Equipped US Troops, Prefers Nigeria by Wallie(m): 4:27pm On Jan 16, 2015
ROSSIKE:
Actually it was "assertions" made by US soldiers who were directly quoted in the links posted. Showing these silly pictures does not obviate their claims, and is of no comfort to their bereaved families.

Agreed. But has it ever occurred to you that this might just be the cries of soldiers thinking of fighting a casualty free war? Since you're the expert, how about you summarize what their EXACT complaints were and what was deemed inadequate? Are things as black or white as you portray them to be?


Here's what they were complaining about...

Soldiers headed for Iraq are still buying their own body armor — and in many cases, their families are buying it for them — despite assurances from the military that the gear will be in hand before they're in harm's way....

"What we hear from soldiers is that they are told that they are going to get body armor just before they leave or just after they get there. But they don't want to take a chance,"...A bill being considered in Congress would reimburse families who bought body armor before the Army asked for increased production to bridge the gap between soldiers who had armor and those that did not...

http://usatoday30.usatoday.com/news/world/iraq/2004-03-26-body-armor_x.htm

Here's a counter to their complaints...
Body armor is always a compromise: mobility and comfort (and thus speed and stamina) are inevitably sacrificed to some degree when greater protection is achieved. This is a point of contention in the U.S. armed forces, with some favoring less armor in order to maintain mobility and others wanting as much protection as is practical. Troops who primarily ride in vehicles generally want the highest practical level of protection from IED's and ambushes, while dismounted infantry often make the case that impaired mobility can prove just as fatal as inadequate armor.

The debate is especially valid in the Iraq war, when comparing lightly equipped insurgents with U.S. troops routinely burdened with upwards of 100 lbs. of weapons, ammunition, armor, food, water, and other assorted equipment. Many troops have complained that under such conditions, they are simply unable to pursue their guerrilla opponents. Side armor has been sent to Iraq in increasing amounts, but many troops do not want to wear it because it adds 10 lb to the 16 lb vest and they say the added weight could decrease mobility and get them killed in certain combat scenarios

http://en.wikipedia.org/wiki/Interceptor_body_armor

And here's the result of the newly issued body armor

Infantry: Troops Reject New Body Armor as Dangerous

March 28, 2006: The new, heavier, body armor arriving in Iraq is creating a potential public relations problem. Many of the troops don't want to wear the new stuff. Why? Because the heavier new armor could get them killed. The new protective vests includes side armor.

Side armor, which adds about ten pounds to the 16 pound weight of the Interceptor Protective Vest, has been available since 2003 (when 250 sets were sent to Iraq.) About a thousand sets were delivered in 2004, and more last year. Side armor is obviously not new, but its availability has not been widespread. While the side armor provided useful protection, the added weight (for a trooper already carrying over fifty pounds), and material, restricts movement. The new armor is most popular with those guarding convoys. These troops spend most of their time sitting down, and the side armor provides additional protection from roadside bombs, which throw out a lot of fragments, at troops sitting facing forward. The bombs are often accompanied by an ambush force armed with machine-guns and assault rifles. Sometimes, the troops have to get out of their vehicles and battle the ambushers. This is often intense and disorganized combat, with fire coming from all directions. Again, the side armor can be very useful. But the troops won't be running around so long that the additional weight and movement restriction will become a major problem. For the same reason, combat troops that are spending most of their time in their vehicles, don't mind the disadvantages of the side armor.

But infantry that are out running around most of the time, going up stairs, through windows and battling the enemy in an urban environment, nimbleness is more important. Some of these guys have been known to leave the back plate, or even the front plate, out, just to save a few pounds. Not being able to scramble through a window in time can get you killed, as can many battlefield maneuvers that put a premium on speed and maneuverability. American commandoes, including Special Forces, often go into action without the body armor, because the consider mobility more important.


These different attitudes towards how much armor to wear are similar to those found in police forces. That's why the police have both lightweight armor (worn by most cops, most of the time) and heavier rigs for SWAT teams or anyone out on a raid, and even heavier getup for bomb disposal personnel.


The senior commanders are under a lot of pressure to "protect the troops." Many people back home have invested a lot of themselves in efforts to get better armor for the troops. Hearing that the troops value lightness and speed, over armor and more weight, will upset some politicians and pundits. But if the opinions of the troops counts for anything, weight matters, often more than anything else.

http://www.strategypage.com/htmw/htinf/articles/20060328.aspx
Politics / Re: CNN Fails To Interview Poorly Equipped US Troops, Prefers Nigeria by Wallie(m): 3:56pm On Jan 16, 2015
Contrary to the OP’s assertion, the military actually has surplus equipment that are given out to police departments across the country for free. There’s even debates today over the militarization of the police force. Here are photos from the recent incident that happened in Ferguson that shows all the free stuff the local police department got from the military.

…the government giving away thousands of Mine-Resistant Ambush Protected (MRAP) vehicles, weapons and more pedestrian items such as cars and clothing, even smaller police departments in cities and towns with low crime rates are acquiring items...

…The 12-person police department in High Springs received an MRAP in the last year. …

…Jefferson County Sheriff John P. Burns said his department acquired a Humvee a couple of years ago and then an MRAP six months ago. Burns said it ensures his police officers can be protected in a hostage situation or when executing warrants….

…The Dakota County Sheriff's Office received the state's first MRAP last August…said the redistributed equipment is a "good use of tax dollars." "If we were to go out and purchase the vehicle, it would be well over $800,000," he said….
http://www.usatoday.com/story/news/nation/2014/06/15/local-law-enforcement-agencies-surplus-military-equipment/10286485/


… Sen. Claire McCaskill, D-Mo…didn’t hide her outrage at how the Defense Department’s military surplus program is administered...“What in the world are we doing buying things that we’re not using…McCaskill criticized the Defense Department program, in particular, for giving mine-resistant trucks, also known as MRAPS, to police departments.
http://www.pbs.org/newshour/rundown/post-ferguson-senators-question-government-program-provide-military-weapons-police/

1 Like

Politics / Re: CNN Fails To Interview Poorly Equipped US Troops, Prefers Nigeria by Wallie(m): 3:13pm On Jan 16, 2015
ROSSIKE:
[size=15pt]CNN Refuses To interview Poorly Equipped US Troops[/size]
...
http://www.nationaldefensemagazine.org/blog/Lists/Posts/Post.aspx?ID=1139
...

Do people even read the linked articles before coming to a conclusion? Here's one of the linked articles. Are these the same type of basic necessities being complained about by the Nigerian Army?

Take a look at the problems American soldiers are complaining about –
1. Not having less lethal alternatives when dealing with a situation so as to reduce collateral damage.
2. Communication systems that ONLY provide bandwidth rates in the tens of kilobits per second ONCE they leave their vehicles as opposed to megabits per second.
3. Inability to send and receive streaming video at adequate ranges and with sufficient reliability.
4. Massive loads of batteries that soldiers need to carry to power their devices, etc



5/10/2013
Study: U.S. Soldiers Not Adequately Equipped for War
By Sandra I. Erwin


It costs the United States $1.2 million to send one soldier to fight in Afghanistan for one year. American troops, despite that large investment, are not being equipped or trained to overmatch their enemies, says a new report by the National Research Council.

The Army champions its soldiers as the most important weapons in its arsenal, but yet continues to shortchange them in how they are equipped and trained for war, says the report, titled, “Making the Soldier Decisive on Future Battlefields.” The 255-page study, released May 10, began three years ago at the request of the assistant secretary of the Army.

A group of retired officers and researchers who participated in the study concluded that the Army's procurement methods and policies have not caught up to the realities of combat.

Testimony from hundreds of Iraq and Afghanistan veterans who were interviewed for the study reveals that the current “suite of equipment and support does not afford the same high degree of overmatch capability exhibited by large weapons platforms,” says the report.

Soldier weapons and gear are designed to be technologically advanced, but often do not take the “human dimension” into account. As a result, equipment designs do not “adequately include the complexities of individual soldier tasks and human interactions within teams.”

Army leaders have touted small units as the center of gravity in current and future battlefields. That requires a different way of thinking about weapons and gear that soldiers will need when they operate as a small unit, the study says. While the Army provides soldiers with advanced rifles and other small arms, it does not offer them other “less-than-lethal alternatives” that might be useful in low-intensity conflicts or situations when they need to control civilians without injuring or killing them.

The Pentagon’s acquisition policies are harshly criticized in the report for being counterproductive. The Defense Department’s procurement apparatus is geared to buy big-ticket weaponry, and soldier gear does not receive the attention it deserves, the study says. “The goal of achieving overmatch capabilities cannot be accomplished until small-unit and soldier requirements are accorded the same high levels of attention as major materiel systems requirements.” It is unlikely that “solutions to achieve overmatch capabilities can be successfully implemented within the Army’s current acquisition framework.”

Army officials have recognized these shortcomings, and have kicked off a modernization plan that focuses on the needs of the squad. But it could take years for these efforts to materialize.

The NRC report also stresses the value of training. “Focused training is essential to improving the performance of soldiers and tactical small units to levels that can assure overmatch,” the study says. “With the tactical small unit as the centerpiece of future Army operations, small- unit leader training will be more important than ever.” It recommends the Army invest in more individual and collective training events, including live, virtual, and constructive simulations and electronic games.

Another major point in the study is the need to integrate soldiers and small units into the Army’s information networks. “The Army has already recognized the important role of the network in achieving expanded capabilities in combat,” the report says. “Yet, dismounted soldiers and tactical small units today have limited organic capability, such as radios, to take advantage of networking in all mission environments.”

When a small unit leaves a forward operating base or disembarks from a vehicle, it has very limited access to technology for command decision tasks such as communicating, developing situational understanding, and understanding the human terrain, the report says. “A squad leader's communications system provides bandwidth rates in the tens of kilobits per second — a far cry from the multiple megabyte rates available within a FOB.” Sand tables and paper maps are used for mission rehearsal and execution. Sensing during a mission is primarily dependent on the eyes and ears of members of the unit. “These shortcomings prevent small units and soldiers from achieving optimal performance in making and executing personal and team decisions.”

Soldiers should have “timely, relevant information on the location of friendly assets, the identification and location of enemy forces and equipment, the identification and location of noncombatants, and the ability to document and communicate this information to each other and higher echelons. … Information must be timely to ensure that units are not surprised in tactical situations.”

A small unit lacks the capability to send and receive secure data, voice, and streaming video at adequate ranges and with sufficient reliability, the study says. The Army is attempting to address these needs with the Nett Warrior program, and with experiments using smartphones. The Nett Warrior, however, is limited by low bandwidth, and the smartphone effort is dependent on commercial networks, the report says. “High-bandwidth communications networks are needed that can operate in austere locations, in complex terrain, in all weather, and under day and night conditions.”

Information exchange — especially for digital images and streaming video — is currently “very poor” at the small unit level, the report says. “Bandwidth rate is one issue. Another is that operation tempo does not give units time to download, evaluate, and make judgments on available information. … Soldiers would benefit from advances in dynamic information networks that enhance information exchange.”

The NRC panel also raises the issue of combat load, which has been a subject of much debate in the military over the past decade as troops’ rucksacks grew heavier and more cumbersome. “Excessive soldier loads degrade not only maneuverability of both individual soldiers and units but also their resilience, survivability and effectiveness,” the report says. “With such heavy burdens, traversing rough terrain and making rapid changes in direction, speed, and orientation greatly increase soldiers’ susceptibility to injuries." One possible solution, the panel suggests, could be to offload gear to robotic carriers.

Massive loads of batteries that soldiers need to power their devices contribute to the problem. “There is no doctrinal philosophy for the small unit to recharge the battery; there is no organizational equipment to support recharging; there is no hint of the training required; there is no parallel materiel development of a recharger or fuel reformer to exploit new rechargeable battery or fuel-cell technologies,” the study says. “Advances in portable power will contribute to the decisiveness of small units by giving future soldiers high confidence that their equipment ensemble will have sufficient energy to carry out the mission. Achieving this goal will help to reduce fatigue, eliminate the anxiety associated with resupply.”

Many of the topics covered in the NRC study echo critics, such as retired Army Maj. Gen. Robert H. Scales, who have blasted the Pentagon for not paying enough attention to the needs of small infantry units.

Scales, a military historian and analyst, has pointed out that ground forces are “not dominant” in combat partly because of inadequate equipment and training. Compared to the overwhelming superiority that the United States has in naval and air warfare, when it comes to ground combat, the American military “hasn’t come as far as it should,” says Scales. “It doesn’t dominate in the tactical fight.”

Scales blames these deficiencies on a Beltway culture that is fixated on expensive weapon systems, on “picking a fight with China” and on hypothetical wars in space and cyberspace. Washington policy makers dodge meaningful discussions about the tactical aspects of war on the ground because close-contact combat is “dirty, horrific and bloody,” says Scales. “People just don’t want to talk about that.”

1 Like

Crime / Re: Obama: Vladimir Putin Is No 'chess Master' by Wallie(m): 8:16pm On Jan 11, 2015
SirShymex:


Lmao...it's a new year, let the sleeping dog lie. Just leave it yeah.
...
Happy New Year, Wall.e. Just read more and learn how to be a critical thinker without bias. It helps a lot.

We all have biases; the key is to be aware of them and try to correct for them. Try staying above the fray and win people over with your superior arguments and not personal attacks, especially when it seems unprovoked. You seem better than that! Anyway, that was last year like you said. This year presents a new opportunity for us all to be better.

Happy New Year!
Crime / Re: Obama: Vladimir Putin Is No 'chess Master' by Wallie(m): 4:22pm On Jan 05, 2015
SirShymex:


Fvck off, I finished my 2nd degree when ya pops was still tapping palm wine in ya village, you primeval stark illiterate.

Run along, kiddo.

Another prime example that one cannot buy common sense and having passed through the four corners of a classroom does not equate to being educated. Olodo!

I’m done chatting with your half-educated a55 unless you can pay my minimum billable hour of $425/hr to an NGO of my choosing.

1 Like

Crime / Re: Obama: Vladimir Putin Is No 'chess Master' by Wallie(m): 4:50pm On Dec 25, 2014
SirShymex:


I hope this post wasn't for me.

Don't be cowardly about it - name names, so I can talk some sense into ya head. undecided

Naw...kid, that wasn't specifically for you but if the shoe fits you and anybody else, y’all gladly throw that sh*t on! Miss me with all that sense talk! Aren’t you the kid still in school? Listen kid, I’m not on your level by any measure…. And on anything intellectual, I’ve forgotten more stuff than you’ll ever come across.

1 Like

Politics / Re: General Ihejirika Sues Stephen Davies For N100 Billion by Wallie(m): 8:10pm On Dec 24, 2014
Suing an Australian in Australia in Nigeria is a non-starter. I would think the judge would throw out the case for not having personal jurisdiction over the defendant.

With all due respect, exactly what is the general hoping to get? How do you compel someone in a different country to come to your country, a non-neutral ground, to defend a suit? Assuming the general wins, then what? How is the judge going to get the defendant to abide by the judgment?

You sue people where they have ties. You cannot even bring a state court type suit against someone in Lagos, who has no ties to Abuja, in Abuja because the guy neither lives nor works in Abuja.

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