Unofficial - A Personal View
The Dow and FTSE 100 yesterday both threatened a secondary correction — on the 80th anniversary of the great crash of 1929. Today the Shanghai Composite fell below 3000 and the Nikkei 225 below 10000, both warning of another down-swing. The Australian All Ordinaries index closed below 4600, signaling a correction, but final confirmation will come from the Dow.
We have involved ourselves in a colossal muddle, having blundered in the control of a delicate machine, the working of which we do not understand. The result is that our possibilities of wealth may run to waste for a time — perhaps for a long time.
~ John Maynard Keynes: The Great Slump of 1930
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An alternative lesson from the double dip the economy took in 1938 is that the GDP created by massive fiscal stimulus is artificial. So whenever it is eventually removed, there will be significant economic fall out.
~ David Einhorn - Greenlight Capital
Clocks move backwards one hour.
Sunday 25 October 02:00 BST** (01:00 GMT )
**As the UK will be on BST (British Summer Time), we will change our clocks at 2 am on Sunday 25th October.
Mr Polin entered the Police Service in 1983 joining the City of London Police where he rose to the rank of Chief Inspector. His last posting saw him in charge of operations at Snow Hill, with particular responsibility for security operations at the Central Criminal Court and other high profile venues.
In 1998 he transferred on promotion to Gwent Police as Superintendent in charge of various central operational functions, including the Force Control Room and the firearms, public order and traffic units. This was followed by command of the Ebbw Vale Division.
December 1999 saw his appointment as Chief Superintendent and Divisional Commander of Caerphilly Division and in 2002 he assumed responsibility for Professional and Ethical Standards Department.
Prior to his appointment as Deputy Chief Constable he held two other Chief Officer portfolios in Gloucestershire Constabulary. As Assistant Chief Constable (Corporate Services) he was responsible for the Criminal Justice, Community Partnerships and Contact Management Departments and a member of the Local Criminal Justice Board and other strategic partnerships in the County.
In the role of Assistant Chief Constable (Operations) he was accountable for performance improvement and responsible for the three territorial Divisions and the Specialist Crime Investigation Services and Operational Services Departments. He also performed many national and regional roles and in particular was, and continues to be, the ACPO Lead for criminal justice reform issues and also the chair of the Regional Tasking and Coordinating, Firearms and Forensics forums.
He acts as an umpire on the national counter terrorism exercise programme focusing on Gold Command and associated structures and processes.
Mr Polin holds a Master of Business Administration Degree from the Open University.
Mr Polin starts in his new position of Chief Constable of North Wales in November.
Postscript Mark Polin comes from Gloucester Police Force which have a proper Police Pledge system in place. As opposed to North Wales Police whose current policing pledge is non existent.
