Archive for September, 2008
US bail-out just plain wrong
The United States government plans to bail out the creaking financial system to the tune of $700billion (£379billion). President George W Bush has urged that the plan be accepted or their economy will go in a tailspin. Why should hard-earned taxpayers cash be used to fund the financiers’ gambling spree? It would have been better [...]
PM apolgises for tax debacle (shock horror)
Prime Minister Gordon Brown apologises for the axing of the 10p tax band at Labour’s annual party conference: “What happened with 10p stung me because it really hurt that suddenly people felt I wasn’t on the side of people on middle and modest incomes, because on the side of working families is the only place [...]
Finacially-stretched banks in 'shotgun' marriage
I simply couldn’t make this one up. One bank’s shares nosedave at the markets due to rumour. The situation gets so bad that they hold talks with another bank for a rescue. The Prime Minister Gordon Brown gets involved, and soon the deal was struck- two banks allowed to merge (well, it’s in fact a [...]
Britain 'sinking fast'?
According to Jane Moore in The Sun today, the country is sinking fast…. and, like every other big-mouth, overpaid newspaper columnist, she blames the government: “”Great” Britain is officially on the critical list, ravaged by 11 years of New Labour policies that favoured the super-rich and the super-idle, while robbing blind those who worked hard [...]
An artist's nice little earner
You would think that in this economic crisis, most people, even the rich, would refrain from spending any money…. however, there are those who would stupidly pay an excessive amount for any painting by over-rated artist Damien Hirst. A two-day auction of his latest collection, displayed at Sotheby’s in London has fetched a world-record £111million. [...]
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