Monday, December 1, 2008

+++ Pound Crashes Below $1.50 +++

And dropping… think this constitutes, as predicted by Osborne, a run on the pound.

+++ Press Association – Haringey Council Leader Resigns +++

Haringey Council leader George Meehan and cabinet member for children and young people Liz Santry have resigned in the wake of the Baby P scandal.

Stat-Porn : 763,7387 from 578,089 Visits by 131,053 Visitors

Traffic is up some 80% year-on-year, the absolute visitor count jumped this month because of foreign traffic, mainly after Yahoo and The National Review’s Corner blog featured stories from this blog.

The top three stories this month were in order:

  1. Brown Confesses to “Procuring Misconduct in Public Office”
  2. Home Secretary’s Biometric Data Compromised
  3. Guys Arrested, Searched, and Ticketed
Many thanks to advertisers this month including the Adam Smith Institute, Chandila Fenando, the Drinkers Alliance, eFoodies, Help the Aged, HSBC, Kirsty Williams, Microsoft, the Orwell Trust, Progressive Vision, the Save the Pub campaign, The Stationery Office, Total Politics magazine, Standpoint magazine and last, but not least, the brothers at the TUC blog. Cheers!

Zimbabwean Central Bank Endorses UK Policies on Banking

Some people got upset when Guido compared Britain to Zimbabwe, in defence it should be borne in mind that making the comparison does not belittle the suffering of the Zimbabweans. It seems Zimbabweans too are making the comparison; no doubt Gordon (and Vince Cable) will be cheered by this endorsement from the Reserve Bank of Zimbabwe:
As Monetary Authorities, we have been humbled and have taken heart in the realization that some leading Central Banks, including those in the USA and the UK, are now not just talking of, but also actually implementing flexible and pragmatic central bank support programmes where these are deemed necessary in their National interests.

That is precisely the path that we began over 4 years ago in pursuit of our own national interest and we have not wavered on that critical path despite the untold misunderstanding, vilification and demonization we have endured from across the political divide.

….leading central banks in the global economy are bailing out troubled economic sectors to achieve macroeconomic and financial stability….the Bank of England… providing a £50 billion lifeline to the UK’s banking sector.

Here in Zimbabwe we had our near-bank failures a few years ago and we responded by providing the affected Banks with the Troubled Bank Fund (TBF) for which we were heavily criticized even by some multi-lateral institutions who today are silent when the Central Banks of UK and USA are going the same way and doing the same thing under very similar circumstances thereby continuing the unfortunate hypocrisy that what’s good for goose is not good for the gander….

As Monetary Authorities, we commend those of our peers, the world over, who have now seen the light on the need for the adoption of flexible and practical interventions and support to key sectors of the economy when faced with unusual circumstances.

They seem to think that Gordon, far from leading the world, is copying Mugabonomics. They may have a point

Via : Naked Capitalism

Bad News, Good News

With a load of economic data out this morning the pound is off 1% against the euro, the Purchasing Managers Index is down sharply, mortgage lending is down 70% year on year, credit card borrowing is up, PWC have research out saying Briton’s are now personally £1.5 trillion in debt – yet Gordon wants them to spend, spend, spend more.

It is not all bad news though, Guido is short the FTSE….

+++ London Scottish Bank Bust +++

Official Stock Exchange announcement that after 100 years of trading it is in administration here. Metaphorical allegory in there somewhere.

Rich & Mark’s Monday Morning View

Sunday, November 30, 2008

Brown Confesses to "Procuring Misconduct in Public Office"

Did Marr Do the Usual Hard-Hitting Interview?

Guido stayed in bed this morning and missed the Andrew Marr show, which doesn’t appear to be up on iPlayer yet (forgot to set the digicorder as well).

Judging by the comments below he let Jacqui Smith off the hook (surprise) over Damian Green. According to PoliticsHome’s transcript when “asked about claims Mr Green had been bugged she said she would have had to sign a warrant for that to happen and she had not”. More when it is up on iPlayer.

UPDATE 11.50 : According to comments below the PoliticsHome transcript is incorrect. Pretty crucial detail to get wrong if they have.

UPDATE 12.20 : Have now watched the interview. She gave the impression, but did not state that she had not authorised bugging. Marr actually seemed better than average.

Electoral Commission Is Investigating Gordon Brown / Smith Institute Slush Fund Allegations

The Sunday Times is reporting that the Electoral Commission is to investigate whether, in breach of electoral law, Ed Balls continued working for Gordon Brown while on the payroll of the Smith Institute charity before becoming an MP.

Regular readers will know that this allgation was a central part of Guido’s campaign against the Sith. Essentially the Smith Institute was a slush fund for Gordon’s ambitions. The Tories are now convinced that Ed Balls continued working for Gordon Brown when he was on the charity’s payroll. They have been trying for six months to ascertain whether or not he continued to have access to the Treasury with a security pass. Guido has other evidence that Ed Balls continued to act as Gordon Brown’s political adviser during th 2004 / 5 period when he was being paid by the charity. Not only Balls but also Tony Pilch, a former SpAd close to Balls, and Bob Shrum during the same over-lapping period were working for the Smith Institute.

According to the Sunday Times “the Tories are submitting a complaint to the Electoral Commission and John Lyon, the parliamentary commissioner for standards. They want Brown to be challenged over whether Balls had a pass.”

Guido understands that the Electoral Commission is already making inquiries, including in the United States, following a complaint made last July (after the Charity Commission report condemned the Smith Institute for partisan activity) by the Sunlight Centre for Open Politics. That letter of complaint (here) focused on the activities of U.S. pollster Bob Shrum. Shrum was paid by the Smith Institute to advise Gordon Brown, these slush payments are a serious breach of electoral law.


Seen Elsewhere

Does Europe Really Want Britain to Quit? | Nick Wood
Immigration Nation | Hopi Sen
Tories Choose Anti-Israel Candidate in Rochester | JC
Osborne’s Daycare Obsession is a Time Bomb | Kathy Gyngell
BBC Marr Pinko Trying to Ban the Queen | Speccie
Eric Hobsbawm: Companion of Dishonour | Standpoint
Guido Party Gossip | Iain Dale
Russell Brand Comes Out as 9/11 Truther | Guardian
Health Revolution is Underway | Fraser Nelson
UKIP Gets Professional | Red Box
Kelly Tolhurst Wins Rochester Open Primary | BBC


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Austrian Chancellor Werner Faymann on Cameron’s refusal to pay the £1.7 billion EU bill by December 1st:

“Well, then he’s gonna pay on December 2nd”



Mycroft says:

Have you read the last bit of Animal Farm?

You know where the animals are looking through the Farmhouse window?

My TV screen was that window at lunch-time today.

Be careful, the sudden self-congratulatory tone, the slightly pudgy outline of indulgence and you become exactly what you should despise.

The jolly face of the Quisling Cameron poses for your camera has mesmerised and deceived you, you who were once not so deceived.

You were no firebrand, you were a damp squib in my opinion, sorry.

You need a damned good kick up the ahse!


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