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

Why Are Radicals Like Carswell Leaving Tories? | BBC
Danczuk: Rotherham Abuse Imported From Pakistan | Telegraph
Ashya King Case Shows How Authorities Get it Wrong | ConHome
The Carswell Show | Jon Craig
Cops Seized Journalist’s Phone to Out Whistleblower | Press Gazette
Chuka’s £2,500 Tax Avoidance Donation | Times
Another BBC Stitch Up? | David Keighley
Divided, Pessimistic Tories Expect Defeat | Alex Wickham
Labour Suspends Rotherham Council Members | Sky
PM Used Terror Crisis to Deflect From Carswell | Rachel Sylvester
Scotland Surges for Freedom | Times


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George Osborne rejects the Ice Bucket Challenge from Ed Balls:

“I’d rather pay the money to charity and pour cold water on his policies.”



Owen Jones says:

We also need Zil lanes.


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