Articles tagged: Finance

Credit crunch contrition from the commentariat

April 29, 2009

This morning an Editorial Intelligence (EI) briefing on ‘The Credit Crunch Commentariat‘ debated whether the media had talked us into recession or had downplayed the crisis and thus exacerbated its impact. “What, pray, is all the fuss about?” wrote Ex Economist editor, Bill Emmott, in the Guardian in August 2008. “Unemployment is down, the economy is growing. If we call this financial meltdown, we’ve been leading pretty gilded lives.” (The Economist also unequivocably supported Bush and the Iraq invasion). Times columnist and Illuminatus Emeritus, Anatole Kaletsky, ‘confidently predicted’ in January... More

A bankrupt budget for a bankrupt country, from a badger and a pixie

April 23, 2009

I can’t be bothered to go into detail about the UK budget, other than to say that fat man and his friend the badger have taken us all to Carey St. It’s our fault for letting loonies run the country into the ground. Or am I being a tad too harsh again? This is NOT a ‘budget for jobs’ as Treasury Secretary Yvette Cooper – who took over the job, on merit, of course, from her husband Ed Balls – himself married to Gordon Brown, claimed with absolutely no supporting... More

Why is Mandelson trying to push for Royal Mail privatisation?

April 21, 2009

According to the Independent (21 April), Gordon Brown faces growing pressure from mutinous Labour backbenchers to ditch or delay moves to partly privatise Royal Mail. Party whips have warned the prime minister, who is already dealing with the ’smeargate’ scandal, that the plans have stretched the loyalty of his MPs to breaking point. ‘Lord’ Peter Mandelson, former EU Trade Commissioner, now UK Business Secretary and architect of the ‘plan,’ has made little headway in winning them over. He appears oblivious to the damage he is doing by fighting a divisive... More