This and That- - - - -
In the hype of the last day (and some non IT technical glitches -
fuses and things like that) somethings got lost and I'll try and
pull them together here!
The hype has clearly got to the BBC's Nick Robinson (who fell hook,
line and sinker for the Brown spin, hyperventillating about the great
man. He says --- "Though merely a humble witness to the saving of
the world and the turning of the page and the creation of a new world
order, I do now feel in need of a lie down - so I'm off on my hols
and back after Easter".
=--=-=-=-=-=-=--=-=-=-=-=-=-=-=-=-=-
Again from the the BBC comes "Shareholders vote against RBS pay
More than 90% of Royal Bank of Scotland shareholders have voted
against the bank's pay and pensions policy at its annual general
meeting in Edinburgh. However, RBS does not have to accept
shareholders' demands"
What the BBC does NOT point out is that the majority of the
shareholders are now the state. This was aimed at Goodwin and his
pension but has no force. If he does not get what the government
agreed to in full, he would almost certainly get it plus damages in a
court.
=--=-=-=-=-=-=--=-=-=-=-=-=-=-=-=-=-
Again BBC :"US jobless rate jumps to 25-year high
The US unemployment rate jumped to 8.5pc in March to a 25-year high
as 663,00 jobs were lost across a wide swathe of industries.
The data from the US Labor Department on Friday also showed the
average work week during the month fell to a new record low of 33.2
hours.
"It's an ugly report and April is going to be equally as bad," said
Mark Zandi, chief economist at Moody's Economy.com.
This fresh evidence of the deepening recession will make it harder
for Barack Obama, the US President, to follow through on his pledge
to save or create 3.5m jobs.
[- - - - - - - - - ]
Job losses were widespread last month. Construction companies cut
126,000 jobs. Factories axed 161,000. Retailers got rid of nearly
50,000. Professional and business services eliminated 133,000.
Leisure and hospitality reduced employment by 40,000. Even the
government cut jobs - 5,000 of them.
Since the recession began in December 2007, the US economy has lost a
net total of 5.1m jobs, with almost two-thirds of the losses
occurring in the last five months.
The number of unemployed people climbed to 13.2m in March. In
addition, the number of people forced to work part time for "economic
reasons" rose by 423,000 to 9m. Those are people who would like to
work full time but whose hours were cut back or were unable to find
full-time work.
Looking forward, economists expect monthly job losses continuing for
most - if not all of - this year".
[The Stock Exchanges on both sides of the Atlantic lost some of the
gains they made yesterday ]
=--=-=-=-=-=-=--=-=-=-=-=-=-=-=-=-=-
I lost one and can't trace it again, It was angry rebittal bty
Mandelson when asked if we were going to apply and need IMF 'bail-
out'. His response was ' Well, we're not going to be first in the
queue". He changed that rapidly to "We're not going to be in the
queue"
There was a whole story there but it's gone (probably - being the BBC
- because the government TOLD the BBC to take it down!]
Posts
