Posts Tagged ‘Add new tag’
The Two Paulson Brothers
One is Hank ‘Call Me Uncle Joe’ Paulson, US Treasury Secretary, currently performing his ‘Buddy, Can You Spare a Trillion’ at the Capitol to mixed reviews.
And then on the other side of the pond there’s John Paulson, of the eponymous Hedge Fund Paulson and Co, which under new disclosure rules had to disclose it was shorting large positions in Lloyds TSB, Royal Bank of Scotland, HBOS, and Barclays.
So far, so obvious.
The less obvious bit is that the Financial Times reports that Mr John Paulson, anticipating criticism for his moves, defended the short positions, saying his hedge fund
“empathizes with financial firms as to the difficult positions in which many find themselves.”
Yep; that’s sincerity oozing through every pore…
– Chenier
Who Said This..?
WHO said this..?
“We are banking on private initiative, entrepreneurial freedom, openness and rational integration with the global economy”
a) Gordon Brown
b) George Bush
c) Osama bin Laden
d) Barack Obama
e) Vladimir Putin
f) Hugo Chavez
g) John Maynard Keynes
Answer…
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Posted: 20th, September 2008 | In: Money, Politicians | Comments (3)
Indonesian Muslims Die In Stampede For Money
IN Indonesia, at least 23 people have been crushed to death when a crowd surged forward to receive a cash hand-out from a wealthy family.
It’s “part of a tradition during the Islamic holy month of Ramadan. In addition to the deaths, several people were critically injured.”
The deadly stampede took place in the eastern Indonesian town of Pasuran, located around 800-kilometers east of the capital Jakarta.
Local officials say hundreds of people were waiting for a cash hand-out of around four dollars when the crowd pushed forward, trapping and crushing many of the victims against a fence.
Four dollars…
Sky Has Changed Football More Than Any Billionaire Team Owner
SIMON Barnes, the Times’s Sports Columnist of the Year, is talking about Al Sugar, Manchester City and how football clubs have become rich man’s play things, as opposed to in those halcyon days of the minimum wage, when football clubs were, er, rich men’s play things.
Football is like a bird attached to a brick by a strong piece of elastic. The bird is flying skywards with all its might and there are only two things that can happen. Either the elastic will break or the brick will hit the bird up the arse. The bird is the billionaire owner, the brick is the supporters.
And the Sky in which it flies is the big money broadcaster which has done more to change football than any multi-millionaire, billionaire or trillionaire…
Not that Barnes notices. The Times is, incidentally, owned by the same company that owns Sky TV…
Posted: 15th, September 2008 | In: Back pages, Broadsheets, Money | Comments (8)
George Bush Is Leaving Now
“IT’S time to go now, George. They’re here, George. George… It’s time…”
Spotter: Bill Jago
Posted: 13th, September 2008 | In: Photojournalism, Politicians | Comments (2)
Health And Safety Inspector Falls From Ladder
HEADLINE of the Day, in the Tabloid Telegraph: “Health and safety inspector falls off ladder.”
A health and safety inspector had to be rescued by firefighters after he fell from a ladder while he was carrying out a risk assessment.
Before we fail this under “Beyond Parody”, let’s investigate further.
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Posted: 12th, September 2008 | In: Broadsheets, Strange But True | Comments (5)
