Thanet Star

South East Airshow (Pictures)

Last week was Sci-Fi by the Sea this week was a smashing air show. Who says there is nothing to do down in Thanet?

Air show Manston 2013

Despite the weather there was a greater than expected turnout and even though the heavy cross winds kept a few kites grounded we were still treated to an exception show.

Air Show Manston 2013

Throughout the next few weeks I shall continue to post pictures of the air show that I have taken as I sort through them all as well as any others you care to share.

Manston Air Show (South East)

There are plenty more posted on the Thanet Star Facebook Page and the Thanet Star Pintrest Board. Mostly because it is quicker to upload lots of photographs to these places.

Did you take a great photograph of the airshow? If so Tag Thanet Star on Facebook, mention us on twitter or send us a private message with a link to your picture and I'll try to post as many as possible over the next few weeks.

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Sci-Fi and Airshows

Last weekend I went with friends to the first ever Sci-Fi by the Sea expo which was in Herne Bay.

K9 SCi-Fi by the sea 2013 Herne Bay (Doctor Who)

This photo is one of a number that local photographer Illisia Adams took at the event. It was taken by an exhibit of Doctor Who items. Bonus points for the first reader that can remember what this fellow was called (hint: he got a spin off animated series).

This weekend I shall probably go to the air show although I am told that the Red Arrows shall not be attending (which is a shame) but I ran into Ralph Hoult this week and was told that there were nine bands lined up to play during the airshow so it has the potential to still be good. If you snap any good shots please feel free to share them with us here on on facebook (just tag Thanet Star) and I'll do my best to share as many as I can here on Thanet Star.

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TransEuropa's £3.3m debt was not the mistake

Thanet District Council was right to allow TransEuropa to defer payment but wrong to include those funds in the budget.

Thanet District needed TransEuropa to remain operational for as long as possible. Indeed ideally Thanet could still do with her being operational. So to increase the viability of the company Thanet District Council was right to give them a deferment option. What they did wrong was fail to protect themselves against the debt exposure.

Any company worth it's salt that finds that it has one debtor worth more than 10% of the yearly budget would immediately seek to share the risk with another organisation. One option would be to leverage the debt using loans or bonds whose value or viability was entirely fixed to the debt. Banks do this all the time and this allows them to keep lending (although we all know what happened when they got silly with this).

It was right to preserve the ferry operation from Ramsgate but it was wrong to allow the council's budget to carry the risk.

When Chief Executive Sue McGonigal and her team (including Sarah Martin, Financial Services Manager) advised The Council on to defer payment Ms McGonigal was doing so from the safety of a six figure job that combined the old Chief Executive role and the Chief Financial Officer role. At that sort of money one expects the Chief Executive to know that the debt exposure was massively too high and should be refinanced or ideally packaged up and sold on.

...

» Continue Reading: TransEuropa's £3.3m debt was not the mistake

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The Bracket's 3rd Birthday

The Bracket pub celebrated its third birthday yesterday.

I went along to say hi to Dean and his staff. The Bracket caters to a very different crowd to pretty much every other venue in Thanet offering live music and a safe place for people to be a bit different.

Given the current economic climate I think that keeping a business like that going is worthy of some praise.

The Bracket's 3rd Birthday

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Thanet Creative have a new webiste and a new name

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For those interested in blogging local news in and arround the UK this BBC article from last year is sure to be of interest.

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