February 16th, 2008

Newsnight Reports Valentine’s Day Market Massacre(That Never Happened)

Newsnight just doesn’t do business reporting very well. Guido suspects this is because they are neither interested in, or sympathetic to business. They would much rather review some new feminist state-subsidised play than the FTSE 100’s profitability. The saga of the BBC’s flagship current affairs programme being repeatedly unable even to report the market closing price correctly has been pointed out by Guido before. Peter Barron told us after the last multi-day FTSE fiasco “I despair! We are having a complete revision of the way we collect and check the markets information.”

On Valentines Day Newsnight reported (above) another bad day in the markets, off 80 points or nearly one and half percent down. Time for a stiff whiskey nightcap before examining your stock portfolio in the morning?

No. It was down 0.8 points, some 0.0136%, which is what market experts call “flat”. Stephanie Flanders, Newsnight’s economics editor, said after the last time this happened that it was “unforgivable and embarrassing”. Clearly it was forgivable because it was announced yesterday that she has been promoted and will now be the BBC’s chief economics editor. Jeff Randall is on Sky…

Hat-tip : Musing Markets



Seen Elsewhere

Blinkered BBC is Ripe for Reform | David Keighley
Calls for Bercow to Face Inquiry | Mail
Labour Mad to Fight Tories on Tax | Dan Hodges
Right to be Forgotten is a Disaster | Padraig Reidy
Dave Could Be Finished Before 50 | James Forsyth
Why Do Politicians Keep Getting Caught on Tape? | BBC
Ed Guru: It’s Good to Tax the Dead | Mail
Dave Must Get Serious or He Will Lose | Tim Montgomerie
Polling Averages Trend | PoliticalBetting.com
Speaker Faces Questions Over Pass for Donor | Sun
Tory MPs’ Visit to Israel Condemned | Guardian


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John McTernan told Channel 4 News

“You can’t make an omelette without breaking a few eggs, you don’t win in politics without breaking legs.”



Rob Wilson says:

Without Predujice

Darling

What time will dinner be ready this evening?

Yours

Rob Wilson MP

In the interests of me I am placing a copy of this email in the public domain.


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