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Michael Otsuka @MikeOtsuka
, 5 tweets, 2 min read Read on Twitter
"I want to assure you categorically that there has been no collusion between Cambridge and Oxford to undermine the scheme.” --Cambridge VC Stephen Toope, email to staff in Feb 2018 1/

varsity.co.uk/news/14893
"The University’s response to the consultation should be robust, and should be coordinated with that of Oxford as far as possible." -- March 2017 minutes of Cambridge Finance Committee, reported by @VarsityUK today (link). 2/

varsity.co.uk/news/15866
"...if it was determined that USS should move to a defined contributions basis, the University would be able to argue much more strongly in favour of moving away from USS in order to establish its own defined benefits scheme" -- Oct 2017 minutes of Cambridge Finance Committee. 3/
"if the position could be secured that the University were no longer responsible for underwriting the USS as ‘last man standing’, it could establish its own scheme tailored to its employees’ needs" -- Ibid. 4/
March 2017 minutes establish the "collusion between Cambridge and Oxford..." bit of VC Toope's denial. Oct 2017 minutes establish the "...to undermine the scheme" bit. 5/5
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In their new valuation #USS continues to make a "large and demonstrable mistake" in applying Test 1, which they now ineptly try to explain away by contradicting past statements (see embedded thread). 1/
JEP has made a strong case for funding existing DB & DC benefits at a lower contribution level than USS is calling for. 2/
But the regulator (tPR) is calling for an even more conservative valuation than the one #USS issued last week. 3/
Read 19 tweets
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#USS provides blinkered, inaccurate, exaggerated measures of risk in their consultation document, all three of which are tied to the gilt yield. More comments below. 1/
The first (see 5.4.1) is their measure of 'long term risk' in terms of their infamous Test 1 gap to 'self-sufficiency' in 20 year's time. Self-sufficiency is a gilts+0.75 portfolio. 2/
As I explain in this thread, it's only when they rewrite history by contradicting past statements that they are able to show a need to 'de-risk' into bonds in order to meet this test. 3/
Read 19 tweets
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🚨🚨🚨#USS contradicts itself in its latest attempt to answer the critique arising from @Sam_Marsh101's findings regarding expected asset level 20 years hence. See the following highlighted passage from p. 12 of the consultation document on the 2018 valuation: 1/
This parenthetical claim is an attempt to deny that they ever assumed that col 1 row 1 would equal col 2 row 1 in @Sam_Marsh101 graph below. 2/
But the record shows that #USS previously identified the target path as the expected path. See this highlighted statement from the transcript of @GuyCoughlan's video of May 2018: 3/
Read 12 tweets

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This all started because the #MetPolice & #LBRUT couldn't do their jobs properly & then decided to take the law into their own hands. The result of this decision has led to events stranger than fiction

#BBCNews #Skynews #Itvnews #Channel4News #ThisMorning #TheresaMay #UKGov #LBC
My company was raided. It should have been a straightforward matter. But the #MetPolice & #LBRUT forgot to seize my computer & came back to do a 2nd raid. The search warrant didn't permit a second entry, however, #LBRUT entered unlawfully

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Stephen Parkinson and Lance Forman know Christopher Steele.

In 2015, Christopher Steele attended a bicentennial anniversary for the Cambridge Union Society.

It could be any of these.

mirror.co.uk/news/uk-news/p…

cus.org/200th-Annivers…
Huh.

Richard Dearlove just so happens to be the Chair of the Board of Trustees for the Cambridge Union Society.

What are the odds.

issuu.com/thecambridgeun…
"I also thank our sponsors Lorze Capital, the Telegraph Media Group, Cobra Beer, Forman and Field as well as FTI Consulting".

FTI Consulting was a sponsor of the Cambridge Union Society in 2015.

What are the chances?

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#UK #USA #Nigeria #SexCult #HumanTrafficking #OpenBorders #HRC #OBAMA #SRA #ChildTrafficking #MKUltra #SayBraveThings #Voodoo #WhereAreTheChildren

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>> NEW INCIDENT near #Salisbury:: Two collapse in #Amesbury, UK—near site of Russian spy #Skripal poisoning by military grade chemical weapon - BBC News bbc.com/news/uk-englan…
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(1) A Spotlight On Gareth Williams.
(2) Gareth Williams was born in Valley, near Holyhead in Anglesey, to his parents Ian and Ellen Williams.

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(3) He had a sister, Ceri.

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💣BOOM💣

THREAD: Tom Barrack was interviewed by Team🇺🇸Mueller as "part of the federal investigation of possible #collusion between the Trump campaign and #Russia🇷🇺in the 2016 election."🔥 1/

#TrumpRussia
#MuellerTime

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Mueller's questioning focused entirely on two officials from Team🇷🇺Trump who were indicted👉🏼Paul Manafort and Rick Gates.😎

Gates pleaded GUILTY to federal #conspiracy and false-statement charges and is SQUEALING to Mueller.🤗 2/
🔥A 2nd person "w/knowledge" of Barrack's interview said questioning was BROADER, including "financial matters" about the **campaign, transition & inauguration**.

As we keep saying, Mueller is FOLLOWING THE MONEY (ex: last night's Vekselberg story). 3/

Read 10 tweets

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