Sunday, September 28, 2008

Miliband, the Fiddler Wife, Kids and Heavies

Guido just bumped into David Miliband and his family (plus two heavies) enjoying the sunshine on a waterside terrace restaurant outside the Barbican. Scruffy in jeans and his shirt hanging out. Presumably the missus is performing because she was carrying a violin. No photo because the kids were in shot and, well, that doesn’t seem fair on a Sunday. Did not see him pull any of his funny faces…

Evil Short Sellers Part II

The hysteria against short-selling of shares is as crazy as was the political hysteria against long-buying of oil. Every trade has to have a buyer and a seller, how else could a market function? Nevertheless journalists didn’t take long to figure out that they could compare the FSA register of declared short sellers against the Electoral Commission’s register of donors.
Lib Dem Lord Oakeshott is up in arms as a result about the Tories taking money from people who buy and sell stocks. Before he says something he regrets he should have a word with one of the party’s biggest donors, Paul Marshall who is worth some £300m. Marshall also funds CentreForum, the orange tinged think-tank. His donations are well into seven-figures.

He is half of Marshall-Wace, hedge fund managers, who are evil speculators who, whisper it softly, short shares! In fact they have a reputation amongst City brokers for having a particularly high churn. Just as well given the hundreds of thousands of Marshall’s profits that have ended up in the LibDem’s coffers.

The Labour Party as well as individual politicians like Hilary Benn have also pocketed plenty of money from hedgies. Let he who is without shorter’s profits throw the first regulation…

Saturday, September 27, 2008

Hodge Quitting as Minister

Tim Walker is reporting in The Telegraph that Margaret Hodge, the Blairite culture minister and friend of Tony has had enough and will be standing down as a minister from Brown’s cabinet in the next re-shuffle.

Another day another Blairite departs.

Somebody wake McBride and tell him…

Friday, September 26, 2008

What Kind of Liberal Waters the Beer?

How they can describe themselves as “liberal” sometimes baffles Guido. Responding to Nick Clegg’s announcement today that the LibDems will support a minimum price on the sale of alcohol, Progressive Vision – the properly liberal think tank run by Mark Littlewood, ex-head of spin for the LibDems – has rightly called the proposals “nannying, patronising and regressive”.

In the press release, sent by Littlewood, Progressive Vision says “If Nick Clegg wants to stop supermarkets providing low-price alcohol, will he also clamp down on events at LibDem conferences providing free alcohol as an inducement for LibDem activists to attend? If he is so concerned about cheap booze causing binge-drinking, free booze must be even more of a worry.”

Quite, imagine the dangers of boozed up LibDem MPs going on violent rampages…

Brum Business

Guido hasn’t booked a bed in Brum – any good recommendations? Preferably within falling down distance of the epicentre. Ended up staying in between a brothel and a lap-dancing joint last year in Blackpool. Didn’t say it was a complete disaster…

UPDATE 14.00 Saturday : Have managed to find somewhere 4 star for less than £200 a night. Mal Maison still has rooms at £440 available, which is more than Guido paid to stay at the Carlton in Cannes, where the food and views are (Guido suspects) slightly better than in Brum. Many thanks for the suggestions.

Friday Caption Contest (Clegg Crime Caught on Camera edition)

He Who Pays the Piper….

The Senate Banking Committee is the ultimate legislative oversight for U.S. financial regulation. The members of the committee have almost all had donations from Freddie Mac and Fannie Mae. Now they are to decide on bail-out terms?

Incidentally Guido bailed out of all his speculative positions in the early hours of Wednesday morning when it hit the wires that Warren Buffet was taking a $5 billion stake in Goldmans, given his reputation Guido felt Buffet might single-handedly turn market sentiment. That combined with the impossibility of predicting how and when the politicians would go made the markets too random for Guido. Baby Fawkes is unwell and between the 24/7 currency markets and her, the lack of sleep was too draining.

Hat-tip : LFAT

Tory Site Makeover Goes Live

The look and feel is bang up to date with an Obamaesque “It’s time for change” slogan with a wall of Tory talking head videos. Under the hood is more regionalisation, uploading facilities for user generated content and single-issue campaigning. The blue blog is live and Dave is doing his chatty engagement thing…

Thursday, September 25, 2008

You Read it Here First : How Not to Lift a Story from a Blog

The naming and shaming of parasitical journalists continues because Guido finds it cathartic. On Tuesday Guido ran a nice little story about Miliband’s SpAd sending a pleading text out to MPs.
The next day the Times Diary fairly quoted it with a credit. (Sherwin gets only 6/10 because he did not include a link in the online version).
A text from Dan Norris, David Miliband’s Parliamentary Private Secretary, intended for sympathetic MPs, was intercepted, sadly, by the notorious blogger Guido Fawkes. “If you’re at conference pls make a point of speaking to lobby correspondents who are trying to distort party unity, to help them u’stand David’s speech was a unifying one which is why it went down so well in the hall. Thanks.” No advice on countering the supposed “Heseltine moment” gaffe.

A few miles from Wapping over on the Farringdon Road the same day the Guardian’s Hugh Muir had also lifted the same blog post for his lead story, no credit. Tut, tut. Muir is following no doubt in the tradition of Marina Hyde, who during the 2004 U.S. Presidential election took to lifting stories daily from Wonkette with no attribution. Easier than working ain’t it?

Sherwin let himself down badly yesterday (0/10, stay behind after deadline) by lifting Wednesday’s story about Cameron’s Carlton Political Dinner jokes without attribution this time, though he may have copied it from Paul Waugh who also ran the story under his byline in the Standard after it appeared here.

They may all say they got it from their own sources – they usually do. Funny how it is after Guido publishes and never contains more information than was given on the blog.

Look chaps, if you are going to lift, at least link. If you don’t want to admit to your editors that you are taking the money under false pretences for cutting ‘n pasting from blogs, rather than actually cultivating sources, send a case of Margaux. This blog is not a syndication service for lazy hacks.

Something that the Lobby Didn’t Tell You

The gentlemen of the Lobby have kept pretty schtum about the drink fuelled circumstances of the Ruth Kelly briefing by Damian McBride at at 3 a.m during Labour Party conference. Danny Finkelstein is alluding to it indirectly.

Guido understands that the PM’s Spokesman had a bottle of beer in his hand during the briefing. Your taxes at work….

Seen Elsewhere

Cam Cannot Stem EU Immigration | David Keighley
9 Mansion Tax Questions for Ed Balls | TPA
Politicians are Lying to You About Immigration | Alex Wickham
Give Journalists Public Interest Defence in Law | Guardian
Cameron is Going to Have to Deal With UKIP | Dan Hodges
Opinions on Key Issues By Constituency | Red Box
Britain Irrelevant Inside EU | Dan Hannan
Cameron Heading for Fall on Europe | Rachel Sylvester
Lords Speaker Spends £350 on Two Mile Limo Ride | Sun
Shapps Slaps Down Barroso “Propaganda” | City AM
Bookies v Pollsters: What We Learned From IndyRef | Paddy Power


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Chris Bryant talks to the Times Diary about a famous gay actor:

“I don’t think I’ve had sex with him. He says we had sex in Clapham. I’m fairly certain I’ve never had sex south of the river”



Progressive Inclusion Champion says:

Great to hear Carswell call for inclusive policies and that UKIP must stand for first and second generation immigrants as much as the English.


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