UPDATE : Am beginning to think that Brown has been quite clever, with the return of Mandelson, he will no longer be the public’s most hated Labour politician. This is going to be more fun than an Irish wake.
McSnide is going to spend more time with his Peroni.
Des Browne leaves government, Hoon goes to transport.
Grossman managed to pick up one decent story at Labour Party conference which led to the 3.15 a.m. drink fuelled McBride briefing. Two-ways from the conferences were persistently plagued by technical problems. One night Paxman said on air what all the viewers were thinking “it is a bit of a shambles here tonight.” They spent the conference season playing “Place the Face”, demonstrating that Michael Crick may have a more promising career as a game show host than an investigative reporter. Just a bit of fun? The Guidoisation of politics? Maybe, however is that dumbing down really a good use of the expensive resources of the BBC’s flagship current affairs programme? When Crick finished his Place the Face finale piece on Wednesday, Paxman sneered and Crick exited the stage a minute or two later walking across screen in front of the camera, a dark Crick shaped shadow obscuring the Newsnight discussion with Finkelstein and the pair of cliche merchants he spars with. It was emblemic of the state of the show. Amateurish isn’t the word for it.
They have a Trotskyite reporting from Wall Street on the travails of capitalism – comical. Iain Martin in the Telegraph has also lost patience with the only show the entire Westminster Village watches. They have yet to finalise a replacement for Peter Barron. They need someone to get a grip on it because it is becoming a joke.
Despite Gordon’s whining to the EU it is now the case that Irish banks now represent the safest place to deposit money in Europe, with a AAA guarantee from a country with the lowest national debt to GDP ratio of any AAA country. Thanks to Gordon’s prolificacy Irish commercial banks are safer than even the Bank of England.
UPDATE : Lots of whining in the comments about this, so may as well mention that WPP is joining the taxodus and leaving Brown’s Britain and re-domiciling in low tax Ireland.
UPDATE October 2010 : This is quoted at Guido on a regular as some kind of evidence of terrible analysis. It is the case that Irish bank paper became safer in 2008 than any other European bank paper once the state guarantee was in place. The question that should be asked: Was a state guarantee a good idea? The impairment this has now brought to Ireland’s sovereign credit rating suggests not.
This will be a popular move in London, will be popular with rank and file coppers. Speculation is shifting to who could succeed him…
Hopefully he will be saying “goodbye”.
Labour has also taken £1 million from Jon Aisbitt, non-executive chairman of Man Group, Britain’s biggest quoted hedge fund group. Derek Tullet, who made his money providing derivatives broking services to hedge funds, also sent £400,000 into Labour’s coffers.
Guido has already pointed out that one of the LibDems biggest backers, Paul Marshall of Marshall Wace, is an evil short seller with no less than three of his funds on the FSA’s register of short sellers.
It gets even better, the FT has discovered that MPs’ own pensions are invested in a hedge fund manager, Quellos. Not only that, in addition the MPs’ pension fund also made money lending stocks out to hedge funds to enable them to short shares. The hypocrisy is huge here, they condemn short sellers publicly and yet they roll up the profits of short selling in their pension plans.
It was fun.
India’s Modi Bypasses Mainstream Media | Index
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Welcome to Mississippi | Conservative Women
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Carswell Resigning: “Moment Labour Won Election” | Labour Uncut
Why We Need Change | Douglas Carswell
The Howard Roark of Westminster | Guardian
Carswell, the Clacton Cassandra | James Ford
Love Bomb Carswell | ConservativeHome
Denis MacShane’s Ex is Now Hacked Off Spokesman | Speccie
How the Carswell Story Unfolded | Sky News
Douglas Carswell’s side-kick Dan Hannan MEP pours water on the obvious question:
“I won’t be joining UKIP, though I wish Douglas Carswell all the best. He has been a superb MP, and it’s honourable to stand for re-election.”
Owen Jones says:
We also need Zil lanes.