Stephanie Flanders is pretty excited by the decision by the US 'Fed' decided to pump $600 bn into the US economy.Whilst the rest of the media reported that just about every industrial country in the world was outraged by the US move 'Stephanomics' was as usual behind the curve : Here are a few great examples of BBC professional neutrality. Well well, "students" storm Conservative headquarters, violence comes to our streets - how do you feel the BBC has covered it? I'm just waiting on Ben Elton to revive Saturday Live and we're all back to the 1980's... Roger Harrabin has been conspicuous by his absence lately, but he's backwith a bang this morning, reporting a call by international ecofascists (and the BBC best chums Friends of the Earth) to condemn millions of people into fuel poverty by ending subsidies on fossil fuel production. Funny how he was absent - and didn't report - recent stories about how windfarms not only gobble subsidies but also are hugely inefficient. Or about how people hate windfarms. He also strangely missed this item, expertly reported by James Delingpole, about how solar panels - thanks to massive government subsidies - are disfiguring the English countryside but are virtually useless. And he also chose not to report this item by David Whitehouse (a former BBC correspondent), who eloquently points out that despite the ecofascist calls for "carbon" emission reductions, there is not a shred of evidence that the gas has had a significant effect on global temperatures. He also did not report this important broadside on the CO2/temperature alarmist scam. When will econut Harrabin ever wake up?STEPHANOMICS AND STIGLITZ
>> WEDNESDAY, NOVEMBER 10, 2010
" This week's statement by the Federal Reserve has achieved all that Ben Bernanke might have hoped it would achieve; stocks are up, the dollar is down, and so are US bond yields. We can't say for sure that it will "work", but all of these developments ought to be net positive for the US economy....the US sees competitive depreciation as a win-win for them. If other countries, with flexible countries, don't respond with QE2 of their own, then their currencies will strengthen, and demand for US goods in those economi! es will (theoretically) go up. If they do respond, with more easing to counteract the rise in the currency, then global demand goes up, and the US is once again better off. Put that way, it sounds like a no-brainer'
What is missing is the BBC's usual kneejerk jump to get a comment fromJoseph Stiglitz, Nobel prize winning economist....and supporter of Labour's and the BBC's positon that 'stimulus' works, tax cuts don't. This time Stiglitzwas opposed to the Fed's printing money....saying Fed policies will not reduce long term interest rates and produce loans for SME's and are creating chaos in emerging markets...the money is going to emerging markets which don't want the money...because India and China are doing fine, but the influx of short term money creates a bubble and increases exchange rates, destabilising their economy...The US policy is having an adverse effect around the world.
So no gig for Stiglitz! If you run against their meme, you're historyIN OUR GENES...
First, here's BBC employee Mary Walker...When I joined the team of "Living Islam" (the BBC series) two years ago, my perception of Islam was dominated by prejudice and ignorance, and I found its treatment of women abhorrent. To me the veil symbolised the oppression of women, making them invisible, anonymous and voiceless, and the cause of this oppression lay in the will to perpetuate the family and maintain a patriarchal framework - the very basis of an Islamic society. I thought women were entirely submerged by divine justification of their role as wife and mother.
Ah, but that was then. She knows so much better now. Give it a read here. And then, lest we think lovely Islam-loving Mary is alone in her admiration for the Religion of Peace, there's posh Ed Stourton bending the knee...In a feature about a ‘woman friendly mosque’, in Manchester. Ed Stourton interviews Sabina Hammed, who says she has ‘the very rare privilege of being able to come and go as she pleases’ at the Mosque. She notes the separate entrances and boys as young as eleven being banned from the women’s room inside. Stourton never challenges her about sexual segregation in Islam or the attitude of other Mosques which are breaking English law by keeping women out. At one point she trots out the ‘It’s cultural, nothing to do with Islam,’ argument. Later there is a report about a discount coat store being turned into an Islamic community centre/mosque only two blocks away from Ground Zero in New York. Stourton tells us: ‘There are strident voices attacking the proposal and using it as a vehicle to strike at Islam.’ A BBC reporter goes on: ‘Islam is once more under fire from a noisy minority who see the Koran as suspect.’
ANARCHY IN THE UK
HERE WE GO AGAIN...
Wednesday, 10 November 2010
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