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Time for the tontine

Some people are gifted wordsmiths and could sell ice cubes at the North Pole. I’m anti-gifted, I couldn’t give away water in the desert. That’s why I’m putting this forward to writers, because there’ll be some convincing and hard-talking needed.  Just sift through my ramblings and see if you also think tontines are the best hope for our financial futures, eh?

Author Thomas Costain wrote a book in 1956 called The Tontine, which as its central thread tracked four characters in their late teens and early twenties. Their parents invested the – at that time enormous – figure of one hundred guineas each in a tontine set up after the battle of Waterloo, with the capital finally to go to war veterans.  The venture caught public interest and millions of pounds were invested. Three of the characters were to be the final three survivors, and in their eighties were receiving annual interest cheques worth, in modern terms, hundreds of thousands of pounds.   The book covers sixty years of dramatic change in England and abroad, through the Industrial Revolution and the emancipation of women, and is fascinating, you should read it, but the point of this blog is, isn’t it time to bring back a tontine system for old age?

The tontine took its name from Italian banker Lorenzo de Tonti, and at its simplest, one buys in to one’s age group, the funds are invested for a tontine period which usually equates to pensionable age (so those investing at age twenty would be in for a forty year investment period) during which all interest would be reinvested. When the tontine matures, the annual interest is instead divided every year between the survivors.  Wikipedia describes it as a combination of a group annuity and a lottery. The older you live, the better off you will be – a dramatic alternative to the future facing most of us now.   You are gambling on living longer – and it is the word ‘gamble’ that ended the tontines originally. Gambling on the outcome became so heated that the last few survivors had to be guarded 24/7 so that bookies couldn’t nobble the favourites!

The first tontine was in the Netherlands in 1670, and over the next century there were state tontines in England, France, and some German states. They were optional, not obligatory, and therefore not fully subscribed, which was eventually their downfall – to be truly appealing, the capital has to be huge.  I believe the answer is for a government itself to pay in for every registered citizen (maybe, if the ID system is really to go ahead in the UK, as a carrot dangled in front of a reluctant population?) and for people to have the option to increase their stake.

Personally I’m at the age where I couldn’t hope for a tontine period of longer than 10 years (unless I bought into a group with a longer period to run) but I really wish there was one. In my direct line, only one ancestor has failed to make it to eighty. My maternal great-grandmother cleared a century with ease. These bones are built to last, but oi, my finances.  Will they stretch another twenty, thirty years? Offer me anything where my investments would improve by the year, and I’m in.  A thousand pounds, absolutely. Five thousand? Er – gulp – okay.  If I was really, really sure I’d make it through to the final stages I’d beg, borrow or steal to invest every penny I could, to get a bigger percentage of those huge final payments.

If I got knocked over by a car two days after committing the funds, too bad.  Them’s the breaks.  If I died one day before an annual payment, I lost out for that year and so did my heirs, but then of course I wouldn’t care because my financial worries would be over for good.  It is the most personal investment you could ever make.

The Waterloo Tontine of the book was privately run and turned out to be a fraud, but was intercepted and run properly. (Really. Read the book. It’s huge, but fascinating.)  Governments, however, really should be looking at bringing back the state tontine.   With increasing longevity the tontine for twenty-somethings would potentially only run out of survivors in eighty years, but in the meantime there’s a huge cash injection from the twenty somethings, thirty somethings, forty somethings, etcetera – all the different groups.  Those already over pension age would probably start receiving interest payments immediately on their group’s capital, but even for them living the longest would pay off the best.

Anyone with me on this? Who wants a tontine system for themselves, and their kids?  If this has caught the eye of just one person who can talk well, and spread the word, that’s a step towards assuring a future for old me.  She’ll be ever so grateful.

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Random memories – me being a threat to US security –

Top US security guards are surprisingly large. I mean surprisingly large. It was like being hemmed in by two suspicious Hummers – but I am getting ahead of myself.

A long, long time ago in a country far, far away, I worked for an elite catering company, co-ordinating events. One of our most prestigious regulars was the US Embassy and the owner of the company was very chuffed when we were booked for a particularly high-profile cocktail party at the Embassy. It would be huge – 600 guests – and security was even tighter than usual. Dinner would also be required in an upstairs room for a small party of VIVIPs. We were to submit ID numbers for all 25 participating staff for security checks and a few of us – the owner, the chef, two serving staff, me – would need top level clearance.

Two weeks before the event the owner was whisked into hospital for major brain surgery. There was no way he’d be back in the saddle in time, but after an emergency meeting the Embassy decided they would go ahead anyway rather than start the whole security thing again with another caterer.

A frisson of excitement ran through the entire company when we realized President Bill Clinton was visiting SA at the same time. So that was why the security was so much stricter! The Embassy cagily confirmed the President’s party would be the dinner guests and our Austrian chef Albert threw himself into an orgy of preparation. I even booked my daughter, then 14, as one of the general waitresses looking after the cocktail party – come on, the President of the USA? She’d worked functions before, would never have forgiven me if I hadn’t included her, and at least I knew she wasn’t a security risk.

It was a roaring success. With the main rush over Albert and I retreated for a brief celebratory smoke break. He wanted to shake hands, but I’d been caught that way before – the man was a handshake sadist with a grip like a mangle – so we settled for high-fives, then noticed a security guard pointing us out to a worried-looking man. Uh-oh. He came over to say the President was also to meet a group of 60 prominent American businesspeople, but the caterers had let them down. The President, he said, would take it as a personal favour if we could help out.

We said promptly that we’d be delighted, when was it?  The worried man looked even more worried. The party, he said, was starting now –

For security reasons no-one is allowed to leave any event before the Presidential party does, so you may imagine the looks the tiny task team got as we were escorted out by by security guards. My daughter looked particularly dumbfounded and said afterwards she assumed we’d been caught doing something horrendous and she’d never see me again.

We raced back to the kitchen and while Albert and Thandi started performing miracles assembling canapés and finger snacks from anything they could find in a kitchen all but stripped for the big event, Bheka the driver and I put together the most basic bar in the world from stock left over from previous functions – half a bottle of gin here, a third of whisky there, anything measuring more than four fingers went into the crates. I’d take my own car so I could stop to buy ice and bags of crisps and peanuts en route, and we had a fair assortment of wines, beers and mixers. Last to be packed into the van went the glasses, still steaming from the glass washer.  From the time of the request at the Embassy to the van’s arrival in Market Street was an hour and fourteen minutes – probably record-breaking for us, a very long wait indeed for 60 hungry, thirsty and extremely disgruntled guests.  I arrived first, in the car, and opted to wait outside until the van arrived rather than walk into that angry room carrying only three big bags of ice and some crisps ….

Our welcome was, you can imagine, ferocious.  Finger sandwiches and hastily-garnished crackers were grabbed by the fistful by the starving guests, still-warm egg halves were wolfed down. Olives, cocktail sausages, ham cornets, crisps with dips, even the crudité went as fast as we could put trays out. Thandi got mobbed every time she started out to circulate with a tray of snacks and settled for rushing them out to scattered tables, hotly pursued, then running back to get the next, looking scared. With only two bottle-openers we simply couldn’t open bottles fast enough, but I knew I had more openers in the car – I always carried a Boy Scout backup kit – so left mine with Albert and slipped out to get another. I didn’t bother to dig for it, just grabbed the whole bag. As I rushed back in two huge security guards stopped me and wanted to go through the bag. They agreed to let the bottle openers be handed through to Thandi, who was hopping from foot to foot just inside the door, but wanted to know exactly why I was trying to smuggle in carving and boning knives? Before I could explain, the Presidential cavalcade arrived and I was pushed up against the outside wall by those human Hummers while the party went through. Only when they left again, twenty minutes later – and I could see by the way Bill Clinton was massaging his fingers that he’d shaken hands with Albert and the others – was I released.

The owner said afterwards, quite rightly, we should have refused rather than risk a sub-standard performance, but I’m pretty sure if he’d been there he wouldn’t have refused the US President a personal favour.

I’m not as sure that the President personally rubber-stamped the letters of thanks sent to Albert and me, but I’m still pretty proud of mine.

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Home again

In my last blog I was dreading driving a total 800 + miles to spend a few days down South with a ‘crazy dug’ (sic) (Scots say dug) and you know what? She was great. Oh, she groaned a lot, and shifted around a lot, and it was four hours (no, seriously, FOUR HOURS) before she sat down for the first time – but no barking, yelping, or trying to attack passing cars through the windscreen, side windows, and back window.

On the way back she sat down for the first time only two hours into the journey and by the time we bypassed Glasgow she had started taking two-to-three-minute catnaps, so she’s really becoming quite the traveller.  Dear me, though, she is very glad to be home, as you can see in the photo.

wedding dress 020

 

The catnaps were wonderful because she stopped panting and this dog can pant louder and for longer than any dog in the history of travel. Not just hah hah hah hah, either. She manages to add bulldog sounds to it.  Sort of gnhHAH gnhHAH-HAH gnnnggnnnnhhahHAHgnn.  She particularly liked to sit next to the Satnav and pant at it, steaming up the screen, until The Voice icily asked her to desist.  Oh yes. I distinctly heard it.

Turn around, it told her firmly, when possible. So she did.

 

 

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Dog days – lazy hazy crazy days of summer travelling with a dog

I’m insane. Potty. A couple of sandwiches short of a picnic. Missing on at least one cylinder. Nuts. A bampot.

I am about to tackle a 400 mile drive with a dog that hates cars. Not my car, she quite likes driving to local parks for walks. She’s good as gold when I leave her in it to do shopping, or pay for petrol. What she really resents is cars coming up alongside, or behind, or in front.  And trucks? She really hates trucks. Not keen on buses. Iffy about motorbikes.

She’s a bulldog, and she weighs twenty kilograms, and if I clip her in to her safety belt harness she hurls herself from side to side and barks, howls, barks, whimpers, barks, whuffles and, don’t know if I mentioned, barks.  If I release the harness – or, more accurately, when she releases herself – she jumps from back seat to passenger seat to back to front to back to front.  Wherever possible she digs her claws into my thigh in passing for good purchase – that’s twenty kilograms behind stubby claws. When we first met we drove from Cornwall to Scotland. She started the trip in a dog carrier but managed to break out after two hours. I kept thinking she would get bored, settle down, sleep – she didn’t. She was absolutely exhausted by the time we got here (fifteen hours, because of all the stops for my head to stop ringing, and to get her back in her harness), and sounding a bit hoarse, but still barking. And jumping.

She has three barks. There’s a yappy bark, which would suit a Jack Russell better than a bulldog, pretty piercing. Drills straight through the head. There’s a bulldog bark, steady, firm, which she can keep up for hours on end. And there’s the Rottweiler snarling bark, which she saves for cars or pedestrians that come into her ‘space’ (anything within ten feet) which startles even me.  Every time.

Oh, I know exactly what you’re thinking. Because she hates kennels, that’s why. She is a rescue dog and there are Real Issues there. She hates dogs, all dogs, and when she was handed into the rescue centre she turned her face to the wall, wouldn’t eat, wouldn’t drink, and apart from occasionally hurling herself passionately against the wire at the sight of another dog, settled into prolonged hunger strike. She was finally coaxed to take a treat by a volunteer, but had to be hand-fed for weeks. Most of her fur fell out with the stress. So if this trip is the disaster I’m fearing, she can expect to starve her way through a kennel stay in future, and with summer coming up, going bald isn’t too much of a problem.

Yes I could pay someone to stay in the house and look after her and the cat, but she’s a bit odd with people. Unpredictable. Hates casual visitors and has to be locked outside for nearly all. Houseguests – she was graciously welcoming to my daughter, who came to stay for a few days, for the first five hours. Then she attacked her, snarling bark and teeth, and bit her so hard through her trainer it left a bruise. Next morning, back to gracious. One reason I’m taking her is to introduce her to the rest of the family, specifically the ones assuming I’m exaggerating or handling her wrong. There’s a really, really good dog whisperer in Scotland, I had to wait weeks for an appointment and he laughed when he saw her and said we’d soon sort out my little dog. She threw a tantrum, flung herself around, then bided her time and bit him.  It’s practically impossible to bite a dog handler who deals with problem dogs all the time, they’re just too quick, but he did stop underestimating her after that.  He did her a power of good, too, but we never covered car manners, which I am now realising is a real oversight.

I asked the vet for dog valium, but they don’t like to give it to bulldogs as there are recorded fatalities due to their very odd breathing arrangements. He gave me an odd look when I said I was prepared to take the chance, and still wouldn’t give me any.

So what I’m really hoping is that when I get back I’ll write another blog saying she was fantastic and we had a wonderful time.  She will be travelling in a thundershirt, with the windows blacked out, her bed sprayed with calming spray, having taken her herbal calming tablet. If you should happen to be on the motorways between Scotland and Berkshire and notice a small white car with steamed up windows and a bulldog with redrimmed bulging eyes, give us a wave. You’ll know it’s us – you’ll hear the snarling rage as you pass.

 

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To review or not to review, that is the question

Madonna is quoted as saying “everyone’s entitled to my opinion”.  We’re entitled to yours, too.

Back in the day I had a journalist friend on the Citizen newspaper who was expected, as part of her hectic job, to do all the book reviews. She never had time to read, so she gave me the free books, I wrote the reviews, and she put them in under her name.  It created a mindset – I do feedback reviews on eBay and even sometimes on Amazon, on products I’ve bought, which included books, but they were for ages of the ‘I’m happy (or not) with the condition and the service’ type. This may sound odd, in light of the above, but I didn’t post reviews on the books themselves because, well, to be honest, if it wasn’t free, it wasn’t expecting a review, right?

Then a local author, at a book-signing, asked if I would post a review when I’d finished his book. What a novel idea! I’d paid for the book AND I was going to review it! I was a little taken aback by his other reviews. I wasn’t even sure we were talking about the same book, but I rather wished I’d read the version they’d all read because it was obviously way better than the one I bought.  After that I would put on an occasional review, especially if I felt the ones it had already weren’t particularly helpful or accurate.

It was only when I bought a kindle and started downloading free books that I really started reviewing regularly. I still have the mind-set that if I get a free book, I have to review it, kindly but fairly. If it’s rubbish, and a few have been, I will pick out what good points I can (lovely cover!) but also point out that it would have been the better for editing, or didn’t live up to its initial promise, that sort of thing. I don’t download a free book if I don’t like the sample, so I could usually be fairly positive.

Then I published my own book and to my horror and shame some of my lovely, lovely friends have posted the kind of reviews that I hate the most.  You know the type –  “this is a wonderful book, 5 stars!”  I think of them as ‘Thanks Mum’ reviews and when I read them on someone else’s book I translate them as “My friend wrote this book and I would rather die than say something nasty about it”.

I tackled one friend about it, she’d sent an email when she finished the book discussing it sensibly and enthusiastically, and I asked her if she could edit the review to basically say what she put in her email. She thought I was mad. “But we discussed the plot!”  Yes, I know, that’s okay in a review .. she didn’t change her review and when I put out the second book she was even briefer and more glowing.   Help!

Then there was a nice Twitter response (on a DM). Ooh, I said, would you consider putting that on a normal tweet so I can RT it? She went one better (she thought) with ‘You have to read this book, it’s great!’  Another Thanks Mum.  Arghh!

Another hidden message, this time a PM on Facebook, “I don’t tell authors when I’ve bought their book until I know I’m enjoying it, this is just the kind of book I like”.  I didn’t even ask if that one could be done as a public comment. I’ve learned my lesson.

What constitutes a fair review?  We all cherish the 4 and 5 star reviews that actually talk about the book. I don’t think I’m the only one to value the 3 star ones above the Thanks Mum ones, because when I’m undecided whether to buy a book or not I read the hostile reviews first. I ignore the mean ones (unless they all are) and then I read the detailed ones – not the ones that tell you the whole story, the ones with real, considered, opinions.

If you’ve always been a Thanks Mum reviewer, and are feeling a bit deflated, think about editing your well-meant glowing but saying-nothing review. Put in a bit about the book.  Positive or negative – “I enjoyed the interaction between A and B, although I found C quite annoying at first. The book started slowly but about halfway it caught fire and I loved the second half”.  That sort of thing is a really helpful review. Readers know they aren’t alone in disliking C or wondering if the book will ever get going.  I got one (from a Scot) complaining about some of the scots comments used. The same review called it a good story with a satisfying ending.  That’s a helpful review (although unlikely to push up my sales in Scotland).  Ironically my Twitter fan, and my Facebook one, were also both Scots, I do wish they’d add reviews as well to cancel out the dour one, but I’m not going to ask!

The only effective way of selling a self-published book is by word-of-mouth and, by extension, true reviews.  Blogging, author interviews, social media, everything is aimed at spreading the word but until readers recommend the book to other readers, there won’t be sales. If you’ve read a book you liked (or one you hated, which had rave reviews) and you haven’t put on a review, I really hope this blog changes that!

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A-Z Challenge – Yes

This was the hardest of the Challenges – most were plotted  a week or more in advance, but I’d updated  Wedding Fever on my blog before the post arrived and finally gave me my Y.

I’ve spontaneously said yes a lot of times in my life when I should have put a lot more thought into my answer.   Some of the questions were frankly rhetorical, some would have had a different answer if I’d only known then what I know now, some have never been regretted.

Do you want a baby brother or sister? Definitely rhetorical.
Want to try a cigarette? Oh, if I had only said no.
May I buy you a drink? Unlike the above, this didn’t lead to a long-term addiction. As a pick-up line, though, it was asked a lot.  Sometimes yes was the wrong answer.
Voulez-vous coucher avec moi?  In retrospect, I could have said yes a few more times to the many variations of that question.  And one yes, with the 20-20 vision of hindsight, should have been a no.
Will you marry me? Three times I said yes .
Do you take this man in holy matrimony? Other huge questions also asked only once – would you move to Scotland for your job?  Would you consider buying instead of renting?

At the start of this month I put my CV back on the market and on Friday the post brought a letter offering me a good job, well paid, with hours that will work well with my part-time life. It has been quite a while since the last time I had this kind of decision to make. All the experience gained over all the years, and it turns out I still have no idea whether this is a big yes, one that will change the rest of my life, or a little yes that will affect a year or two at most.  On balance, though, the ayes have it.

Yes.

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A-Z challenge – X-ray disappointment

My A-Z autobiography in this blog switches from the life overview to peering very specifically at a point on my anatomy – my knee. From the time I was nine, I’ve had an interesting knee. Until I was nine it was pretty standard issue – bony, jointed, occasionally scabbed. One day a pony I was riding went under a low branch in a quite deliberate attempt to sweep me from its back – ponies having a fairly unsophisticated sense of humour – and I ducked down, my knee stuck out, and I was impaled briefly on a snag of tree trunk.  Fairly standard stuff for a nine-year-old, and another nice little scab to pick at. Within months, though, it stopped working properly – folding under me at unexpected intervals – and eventually I went into surgery, and emerged several hours later with a refurbished joint, an artificial kneecap, a plaster cast that would be replaced frequently for the next year, and a truly impressive scar. It was one of the first operations of that type ever performed and for a few years I had to resign myself to showing my doctors my knee before whatever ailment had actually brought me into their consulting rooms would be treated.  Time and surgical brilliance moved on and the work done became commonplace, then outdated, and finally forgotten by everyone but me.

About five months ago I tripped over the dog and fell, landing squarely on the bad knee, which made quite a fuss about the whole thing. My doctor sent me for x-rays, as excited about seeing the ancient work as an archaeologist would have been about unearthing an artifact. Guess what?  The artificial one has been almost totally absorbed by natural bone regrowth. The body’s ability to regenerate is apparently virtually limitless and my lasting claim to fame is no more –  still got the scar, though. That’s something.

Yes I know this a boring blog. Considering the general theme is autobiography, and X is quite a challenge, I thought it was at least fractionally more interesting than the x-rays of my teeth, or the time I punched a would-be mugger on the jaw and the hospital nurse insisted I had to open my hand and stretch out my fingers for the x-ray. If I could do that, I tried to explain, I wouldn’t be here for x-rays. Life is a learning curve. Don’t punch bone, whatever the provocation. Don’t ride close to trees. Keep your knees tucked in at all times. And try not to trip over the dog.

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A-Z Challenge – wedding fever

My daughter is getting married in almost exactly a year – the Ides of March. Fortunately she’s insisting on arranging everything herself, although she did come to Edinburgh for us to find a dress (which is absolutely beautiful, and neatly sorts out my contribution to the whole shebang).  All I have to do now is find myself a mother-of-the-bride outfit.

Did I say all? This could be the death of me. I have to look so glamorous that the ex-in-laws won’t be nudging each other and remarking that my ex-husband had a lucky escape. I have to be able to wear the thing during a ceremony and a formal dinner, then dance in it. It has to stand up to eight hours of being on show – and it has to be comfortable.  I’m very tempted by a silken trouser-suit, absolutely simple, with gold trim on sleeves and breast, but it’s only available in black or white. I haven’t been to a wedding in years, is it still a bit frowned on to wear either of those colours to a wedding?  I know I still have a year (nearly) but already I can feel the first seeds of panic.  Any advice?  I have to wear either trousers or a mid-calf skirt, as I have a scarred knee, and I look perfectly ridiculous in frills, so it will have to be something with fairly clean lines, but that won’t crease.

Without your help I may end up giving up and watching the whole thing on CCTV.

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A-Z Challenge – V for Victorians, and how our era will be remembered

Once a year, in the small town where I live, there is a Victorian Fair.  Handcrafted sweets, cakes and biscuits made to traditional recipes are sold by stallholders in Victorian mobcaps (alas, at modern prices).   There is a man on stilts who rides a bike on stilts – extraordinary – and a Victorian carousel, and an organ grinder (no monkey), and a great many people in Victorian clothes, or at the very least wearing the kilt. (And thank you Prince Albert for that.)  Every year I go (for the cakes and sweets) and every year I’m afraid it will be twee but it remains very charming and because the streets are closed to traffic, it almost is a step back in time.

It does make me wonder, though, how this royal era will be celebrated in a hundred years. In Victoria’s day the British empire was so vast there was always a part of it bathed in sunlight (except of course the home counties).  It was a time of growth, expansion, trade, and inventions.  Yet if you want to look Victorian, you put on a mobcap, or a top hat.

For that matter, if you want to dress for the first Elizabethan age, the Tudors, put on a neck ruff.  One of those pointed hats with a floating veil at the pointy end is pretty evocative, too. Fashions must have changed rapidly in Elizabeth I’s famously fashionable and glittering court, even more so in the earlier years when women dressed to catch the eye of her volatile father (or, later, to avoid it) but it is the ruff and the slashed doublet, the pointed hat and jousting armour, that evoke the whole Tudor period.

So what will be the visual signature of this reign? Punk? The mini skirt? Holding a mobile phone, perhaps – in a hundred years they will probably be organically grafted into our bodies, and children will gaze round-eyed and silenced at the very concept of ‘holding’ one. Television, definitely – the first huge boom in television sales was for the coronation. Everest was climbed, for the first time. A Pope resigned, for the first time in living history. Maggie Thatcher’s bird-like cartoon may feature, she’ll always be the first female prime minister. All races, colours and creeds became equal, and atheism has become the new way of boring people very much indeed. Those who still feel passionately about religion are eyed nervously – they are statistically likely to turn violent. Has there ever historically been so much terrorism? From the IRA to the Taliban, the era, speeded up through speakers, would feature a lot of booms, and the tears of women. Lots of wars, too – crash, clatter, boom and more tears. In the same period women themselves have gone from stay-home wives and mothers who smacked their children when they were naughty,  to tattooed body-pierced single mothers who swear at their children but never punish them, and take on any critics using language that would make a coronation-period stevedore blush.  The Woman’s Liberation Movement changed the face of family and the workplace for ever.

The early years will also be evoked by the space race, and the Moon landing.  Most of us have lived all our lives in this one royal reign.  What do you think will, in time, immediately identify the last sixty years so that the casual visitor, coming across a small town historical fair, will know instantly which era is being celebrated?