Money Category
Money in the news and how you are going to pay and pay and pay
Tabloid Bingo As The Money Markets Fall
THOSE stock market figures in full:
DAILY STAR: “£60bn wiped off British stock market.”
THE SUN: “£93BN MELTDOWN”
DAILY MAIL: “By the end of trading, nearly £95billion had been wiped off he value of the FTSE”
And rising…
Posted: 7th, October 2008 | In: Money, Tabloids | Comments (3)
Gordon Brown’s Solid Gold Joke
MORE news on serious Gordon Brown.
Gordon’ at Lancaster House. It’s a drinks reception, with nibbles, to congratulate and paw over Britain’s Olympic gold medal winners. Says Gordon:
“There is more gold in this room than in the Bank of England.”
Ho-ho. No, he’s right. It’s not funny. Brown only does serious. There is more gold around an Olympian’s neck than in the BoE. Why? Because Gordon Brown sold the nation’s gold reserves.
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Posted: 7th, October 2008 | In: Money, Politicians | Comment (1)
Bruce Springsteen Loses House In Credit Crunch
BRUCE Springsteen has lost his house in the credit crunch:
Mr. Springsteen likened the country to a house that needs rebuilding: “I don’t know about you, but I want my house back…” – NY Times
The Boss is on the streets…
Posted: 6th, October 2008 | In: Celebrities, Money | Comment
Football Manager Owes Billions In Tax
MONEY madness in the Daily Mirror:
“THREE TV stars and a football club manager are at the centre of £1billion tax-dodging investigation”
They just aren’t paid enough
Google Adwords Victim Begs For Money
Google Adwords Victim Begs For Money…
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Posted: 5th, October 2008 | In: Money, Photojournalism | Comment (1)
Those Credit Crunch Discounts In Full
CREDIT Crunch biting? No fear. Shop around for discounts…
Posted: 4th, October 2008 | In: Money, Politicians | Comments (2)
Survivalist Blogger Does Not Survive
“M.D Creekmore” had been running Survivalist Blog. He used it to warn Americans to prepare for a repeat of the Great Depression and Zimbabwean-style hyperinflation.
He worked out of a from a 26ft caravan parked on a strip of wasteland.
The site details how he forages for food in the surrounding countryside, enjoys light from a home-made solar generator converted from an old lawn mower and supplements his income by doing odd jobs.
But despite carrying advertisements to help cover the running costs, he has now lost his internet connection after funds dried up.
Those damn Yankees:
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Posted: 2nd, October 2008 | In: Money | Comment (1)
It Was The Sun Wot Done The Economy
A RUN on UK banks in the Sun:
“FEARS rose last night that millions of pounds could be sucked out of the UK as Brits switch their savings to Irish banks to dodge the financial crisis” – Sun
“But there are still safe places to go. The Post Office, for example, offers several savings accounts run by Bank of Ireland” – Ian King, Sun Business editor
Fear is what Tabloids do best…
Posted: 2nd, October 2008 | In: Money, Tabloids | Comments (4)
That US Bank Rescue Plan In Full: Plan B
PLAN A failed. But US politicos will try again to agree on which of the Republican or Democrats are to blame more for the crisis, and which party is more reliant on rich supporters. Anorak has received news of Plan B:
Banker Aide: Britain Invests In Keeping China Sweet
Red Tuesday: Banks Fall, The Experts’ Top Tips And Spending Is The New Saving
Posted: 2nd, October 2008 | In: Money, Photojournalism | Comment (1)
Allison Pearson: The Sword, The Money Or The Poison Pen
ALLISON Pearson, of the Daily Mail, is still talking about those City “spivs” and how they are, well, just so worthless:
Throughout the boom years, the bankers justified their stellar incomes by saying they were working heroic hours to help bring greater prosperity to us all. Oh, really? Try telling that to a soldier who has spent 180 days dodging mortars in Helmand and dreamt of nothing more than enjoying a bucket of Kentucky Fried Chicken in front of the TV with the family he adores.
Most bankers never have to justify their incomes, wages being a matter of market rates. And do not soldiers dream of owning islands, flying first class and watching their football team play on a massive plasma screen? Do bankers eat KFC?
Still:
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Posted: 1st, October 2008 | In: Money, Tabloids | Comments (3)
Banker Aide: Britain Invests In Keeping China Sweet
BRITAIN gave China £38.6million in aid last year,” says the Sun. And that will stop, should the Tories get into power.
Says shadow international development secretary Andrew Mitchell, a man who proves that the longer the title the more insignificant the job:
“Many British taxpayers would be astonished to learn that we are still giving aid to China.”
The Sun says China is so rich it can spend more than £20bn on the Olympics and put a man in space.
Readers may care to recall that when landed, the Chinese astronauts were sat on Argos garden furniture and carried off by saluting removal men. It was more as the Victorians had landed in Guinea than evidence bleeding edge of technology and the future of mankind.
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Posted: 1st, October 2008 | In: Money, Politicians, Tabloids | Comment (1)
Lottery Winner Buys UK Bank
IANTHE Fullager stuffed her winning lottery ticket down her bra. She is “BOOM AND BUST” (Sun), and being wooed by the banking sector.
Fullager of Fullager & Bingley Brothers now has more money than the entire banking sector combined, and as such a commands the Sun’s front page.
“I wanted to keep my ticket where I thought no-one would look for it,” says the 18-year-old, who may need to reconsider her hiding places give her new levels of attractiveness.
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Posted: 1st, October 2008 | In: Money, Tabloids | Comments (13)
Lehman Bank Employees Block Entrance To Bank’s Headquarters
RETRENCHED Lehman Bank employees staged a protest by blockading the entrance to the Bank’s Headquarters…
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Posted: 1st, October 2008 | In: Money, Photojournalism | Comments (12)
March Madness: The Credit Crunch In A Graph
IT’S the “March Madness” style bracket of the current financial meltdown.
It was reportedly created by a general partner at Sansome Partners named Mark Slavonia, says TC.
Posted: 1st, October 2008 | In: Money, Photojournalism | Comment
The Good Banker Frank McGarahan Has Died
LET’S see what the idiots make of this:
Frank McGarahan, 45, the chief operating officer of Barclays Wealth, which manages the money of some of the world’s richest people, was waiting for a taxi when he saw someone being assaulted.
So says the Telegraph. Is his wealth relevant?
He went to intervene and ended up being badly beaten beside the Guildhall Hill taxi rank in Norwich, Norfolk.
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Red Tuesday: Banks Fall, The Experts’ Top Tips And Spending Is The New Saving
MORE news that no-one knows what’s going on in the money markets as the Sun screams: “BLACKEST DAY”. Or as the Mirror puts it: “BLACKEST MONDAY.”
Black Monday is the name given to Monday, October 19, 1987, when stock markets around the world crashed. Should not yesterday be “Blacker Monday”?
Readers may be confused. To be in the black means to be free of debt; it is in the red that suggests debt and poverty. The Sun’s headline should read: “REDDEST DAY.”
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Posted: 30th, September 2008 | In: Money, Tabloids | Comments (24)
Call 419: The $700bn US Treasury Scam
DEAR AMERICAN:
I NEED TO ASK YOU TO SUPPORT AN URGENT SECRET BUSINESS RELATIONSHIP WITH A TRANSFER OF FUNDS OF GREAT MAGNITUDE.
I AM MINISTRY OF THE TREASURY OF THE REPUBLIC OF AMERICA. MY COUNTRY HAS HAD CRISIS THAT HAS CAUSED THE NEED FOR LARGE TRANSFER OF FUNDS OF 800 BILLION DOLLARS US. IF YOU WOULD ASSIST ME IN THIS TRANSFER, IT WOULD BE MOST PROFITABLE TO YOU.
I AM WORKING WITH MR. PHIL GRAM, LOBBYIST FOR UBS, WHO WILL BE MY REPLACEMENT AS MINISTRY OF THE TREASURY IN JANUARY. AS A SENATOR, YOU MAY KNOW HIM AS THE LEADER OF THE AMERICAN BANKING DEREGULATION MOVEMENT IN THE 1990S. THIS TRANSACTIN IS 100% SAFE.THIS IS A MATTER OF GREAT URGENCY.
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Posted: 30th, September 2008 | In: Money | Comments (32)
What Housing Bubble: Fox New 2007
THIS is how TV news works:
Spotter: Peter
Posted: 29th, September 2008 | In: Money | Comments (2)
Heath Ledger’s Life Insurance Firm Won’t Pay Out
THERE will be an insurance company investigation into Heath Ledger’s death. Forget the police, this is money:
The firm, which is owned by ING Americas, wrote the policy in June 2007, and the insurance money was due to be paid out to an unnamed trustee who would hold the money until two-year-old Matilda comes of age.
But they have so far failed to honour the document and have launched their own probe into Ledger’s death to establish if he committed suicide, therefore voiding the policy.
Heath’s family has gifted his entire $16.6 million dollar estate to his daughter Matilda…
Posted: 29th, September 2008 | In: Celebrities, Money | Comment
It’s Grim Up North: We Own Bradford And Bingley
SAYS the Telegraph: “Financial crisis: Bradford & Bingley nationalisation will cost taxpayers £150bn.”
So says the Telegraph, which should note that it won’t it will only cost the British taxpayer £150bn if not a single one of B&B’s debtors repays their mortage..
But still, let’s try and make things sound worse than they are…
Posted: 29th, September 2008 | In: Broadsheets, Money | Comments (10)
Labour’s Michael Meacher Will Not Speculate On His Speculations
THE overarching reaction to the banking crisis is that so few of our elected representatives have a clue about the money markets.
It’s not just Sarah Palin who is utterly ruderless, but also ambitious Michael Meacher, our Labour MP for Oldham West & Royton. This is what he writes in the Times:
For Labour to have a fighting chance at the next election, radical demands surfaced at Manchester for significant policy change. Not just a crackdown on short-selling, but action against speculators in general.
We must cut down on speculators. Go it? Now read on:
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Posted: 29th, September 2008 | In: Money, Politicians | Comments (18)
What Does B&B Stand For?
B&B stands for Bradford and Bingley. And what else?
Posted: 29th, September 2008 | In: Money | Comments (17)
David Cameron’s Flawed Debt Story
DAVID Cameron has been quiet on the banking crisis. Want to know why? It’s because he and his party have nothing meaningful to add:
Cameron is then directly quoted, saying: “I think that we have had a failure of regulation and we have had a debt boom that went on for far too long and it reached into parts of the economy it shouldn’t have done. The whole thing has become infected and it has got to be dealt with.”
A propos our previous post, Cameron is playing with fire taking this line. For sure, it is generally agreed that that has indeed been a “failure of regulation”, but by far the bulk of regulation, and the regulatory structures, are of EU origin. They are not within the gift of Cameron to change, without taking on the European Union, which the leader of the opposition shows no sign of doing. But to pretend that they are “Gordon Brown’s” is a very silly strategy indeed.
Isn’t it all the failure of capitalism?
Posted: 28th, September 2008 | In: Money, Politicians | Comments (8)
Paul Routledge Can Rejoice As Credit Crunch Banker Tops Himself
“CREDIT CRUNCH BANKER KILLS HIMSELF,” screams the Daily Mail’s front-page headline.
Kirk Stephenson, who was married with an eight-year-old son, died in the path of a 100mph express train at Taplow railway station, Berkshire. Mr Stephenson is believed to have taken his own life after succumbing to mounting personal pressures as the world’s financial markets went into meltdown.
Believed by whom, is not said. But at least one man is happy: Paul Routledge can rejoice:
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Posted: 28th, September 2008 | In: Money, Tabloids | Comments (9)
EdF Glows With Pride At Radioactiove Take Over
BRITISH Energy is now owned by the free enterprise French. French EdF, 84.8 per cent owned by the French state, bought British Energy for £12.4bn.
Declares The Libération “A nous les vielles centrales anglaises” (The ageing English power stations are all ours). Snotty in victory. It was ever so.
A press conference, then, staged by Gordon Brown’s brother Andrew. So to the Millennium Hotel, London, we go.
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Posted: 28th, September 2008 | In: Money | Comments (10)
