Tuesday, January 20, 2009

Limo for Mr Maguire

Mirror Man in Toff Transport Shocker

Guido is feeling a little tender after last night’s “Farewell to Bush” party thrown by Tim Montgomerie. At the after-party in the Westminster Arms, Guido thought he spotted Kevin Maguire, tribune of the workers, hammer of the Cameron and scourge of the Bullingdon boys etcetera, getting into the back seat of the preferred choice of the boss class, a big chauffeur-driven Mercedes. No bicycle with driver following, nor public transport for him. Was it all a Guinness-fuelled hallucination? Surely after all he has written about Cameron’s hypocrisy, he himself would not be guilty of such hypocrisy? It is after all only a few stops on the District line to his mansion in the millionaire’s suburb of leafy Richmond

“Nothing is too good for the workers” he said testily. Guido, hopefully, was not too fuddled to video our discussion on the subject, and in the best traditions of the Mirror, this will be uploaded. As and when the headache subsides enough…

Sunday, January 11, 2009

Growing Unease About Old Lady’s Secrecy

Remember Something Odd in the Banking Bill from early December? Guido was suspicious about the removal of the requirement of the Bank of England to tell us how much money it is printing:
The 1844 Banking Bill ensured transparency in the operations of the Bank of England. It has been good enough for over 164 years.


Surely it can’t be that they don’t want us to know how fast the Bank of England’s printing presses are going to be running?

The Telegraph’s economics editor has just cottoned on to the dodge:

The Government is set to throw out the 165-year old law that obliges the Bank to publish a weekly account of its balance sheet – a move that will allow it theoretically to embark covertly on so-called quantitative easing. The Banking Bill, which is currently passing through Parliament, abolishes a key section of the law laid down by Robert Peel’s Government in 1844 which originally granted the Bank the sole right to print UK money.

… Debating the issue in the House of Lords recently, Lord James of Blackheath, a Conservative peer, said: “Remove [this] control and there is nothing to stop an unreported and unmonitored flooding of the money market by the undisciplined use of the printing presses. If we went down that path we would be following a road which starts in Weimar, goes on through Harare and must not end in Westminster and London. That is the great fear that the abolition of that section will bring about – but the Bill abolishes it.”

You read it here first…

UPDATE 12 Jan : The FT is calling it Quantitative Easing Confidential. Guido is quite chuffed to have beaten the FT to the story.

Thursday, December 11, 2008

Dead Tree Press Now Actually Dying

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Disembowelling of the Telegraph Continues

Guido hears that Dan Hannan has been dropped as a leader writer and will now only “be doing occasional articles”.

Even media pundit Roy Greenslade, no friend of reactionaries, is bemused at the spiritual disembowelling of the Telegraph. Craig Brown, AN Wilson and Iain Dale have all just got the chop in what the paper’s insiders are claiming is all about economics rather than editorial tone. The “business model” is changing one source tells Guido. If you lose the paper’s character and spirit, you will lose readers.

Tuesday, December 9, 2008

Exclusive : Tribune Mystery Buyer is a Capitalist

Kevin McGrath, coyly described in the press release as “a Labour activist”, is the mystery purchaser of 51% of the failing socialist newspaper Tribune. The former parliamentary candidate and multi-millionaire property fund manager is behind the purchase of the venerable paper for £1. These socialists are really no good at business. Guido would have given them twice as much for the shares…

UPDATE : Kevin McGrath is a founder member and equity partner in Foreign & Colonial’s REIT Asset Management, a specialist investment, finance, and asset management company, which currently manages approximately €5 billion of commercial property investments. REIT has offices in London, Germany, Sweden, India and Israel.

In addition to his directorship with the Trust, Kevin is an Elected Member of Royal Institution of Chartered Surveyors, a former non executive Director of QPR football club, a current non executive Director of two plcís, a Trustee of the GSA Conservatoire, Director of the McGrath Charitable Trust, Trustee and Treasurer of the Lyric Theatre Hammersmith, a Member of Property Investment Forum, and a School Governor of the Ellen Wilkinson School for Girls.

Kevin was the Labour Party Parliamentary Candidate for the North East Hampshire constituency at the 2005 General Election.

Source : here.

Thursday, November 13, 2008

Is the Labourgraph on a Crusade Against Osborne?

Today’s coverage:

Iain Martin has been becoming noticeably increasingly incensed with the Tory’s incoherency on the economy. Today it looks like the whole editorial collective over in Victoria has decided they have had enough of George.

Saturday, November 1, 2008

Stat-Porn October : 864,178 PageViews from 644,316 Visits by 115,367 Visitors

Traffic growth is steady Guido is pleased to say. The absolute unique visitor number for the last 12 months was some 867,210 according to Google Analytics. This is comparable in traffic terms to any of the broadsheet newspapers online and although they are very reluctant to confirm this, which is revealing in itself, greater than either the Spectator or New Statesman command online.

This trend away from old media sources is reflected across the Atlantic. During the election period Drudge has scored more traffic than the New York Times according to Hitwise data. Here is something else for the mediasaurs of the Dead Tree Press to worry about: the 3 year old Huffington Post, which is squarely parked on the Gray Lady’s liberal/leftie lawn, is now more profitable than the 157 year old NYT.

Guido is willing to bet that likewise come the British general election, he will have more readers and be more profitable than the New Statesman, even combining both their online and print editions together. Particularly as the new editor’s strategy seems to be to make the articles longer and corner the market in dullness. Over to you Mr Danson…

UPDATE : Comment Central reports 867,693 page views from 725,608 visits, the Speccie reports unique users soaring to 338,053 and 2,147,545 page impressions – the Speccie page count is inflated because you have to click “read more” all the time.

Wednesday, October 22, 2008

Times Push Polling to Push Osborne Out

A Guido co-conspirator who is a Conservative District Councillor has just been contacted by the Times about whether they think that Osborne should “go”. The Times hack said they were phoning round the Tory ‘grass roots’. The journalist then said that

Most of the Conservatives I have spoken to have said that Osborne should leave by the weekend. What do you think?’

Nothing leading in that line of questioning at all.

UPDATE : The manufactured headline as required Tory grassroots: ‘George Osborne should resign’.

Tuesday, October 21, 2008

+++ Source : Times Holding Back THIRD Rothschild Letter +++


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