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

Hunt Told Off By Former Head | TES
Scrap Tax on Family Flights | ConHome
Has May Declared War on Downing Street? | James Kirkup
The Nasty Left | Dan Hodges
Men Flock to UKIP | Andrew Cadman
London-Britain Divide | Alex Wickham
Pickles Puts Prezza’s Surplus Stationary to Use | Speccie
How Capitalists Can Win the Argument | CapX
Theresa May, or Maybe Not | Spectator Life
YouGov: Working Class Prefers UKIP to Labour | Times
Sainsbury’s Disowns Left-Wing Blogger | Mail


Find out more about PLMR AD-MS


A ‘senior Conservative party official’ passes judgement on Theresa May:

“She is boring. A technocrat. She is Philip Hammond with a fanny. Not interesting, but rendered interesting by circumstance. And that circumstance is that she is a woman. And in an age when the Prime Minister gets it in the neck for refusing to wear a fucking T-shirt that says he is a feminist, that is a rocket boost right underneath you.”



Left on Left says:

The lefties are attacking because the panellist is a millionaire and lives in a London home worth upwards of two million. Someone had best tell them he’s called Ed Miliband.


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