UPDATE 20.15 :A co-conspirator points out that BBC Radio 4′s 6 o’clock news has reported the Dow down 29 points – which was Friday’s change. Doh!
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
Does the duplication of efforts produce anything of value? Well it gives us clear evidence that the BBC has no budgetary discipline, massive over-staffing and a lot of West Wing fans in News & Current Affairs.
The BBC is hardly likely to get a scoop unless it can track down Steve Morgan, Peter Hain’s fundraiser who is in hiding, hopefully doing for Hilary what he did for Hain…
UPDATE : Comment makers point out that Simon Mayo is a long way from the Radio 1 Roadshow, he is reporting the primaries for 5 Live. Radio 4′s Jim Naughtie is there as well. Kevin Connolly is padding out 5 Live’s coverage as is somebody called Rhod Sharpe. Jonathan Marcus and James Coomarasamy are covering for the World Service.
Any more Beeboids across the Atlantic?
Guido is on his second bottle, one of the better Margaux – well it has been a good day. Always liked that Grossman chap…
On Thursday, BBC Newsnight reported that the “Dow Jones was substantially down amidst more credit crunch fears”. That inaccurate insight and analysis was based on what? Based on bollocks.
It was made up. There were no credit crunch fears spooking the markets. The market was closed for the Thanksgiving day holiday. The economics editor Stephanie Flanders has ‘fessed up that it was “unforgivable and embarrassing”. Peter Barron contritely said on the Newsnight blog on Friday afternoon that it won’t happen again because they will check the U.S. market is trading. So Emily Maitlis was much more careful with Friday night’s market report:
“…the FTSE 100 share index closed up, sadly we can’t show the exact figures, um, holiday season as you know in the US, so the Dow Jones remains unchanged. Against the Euro, the currencies here, the pound up, against the dollar the pound was down. You’ll just have to take my word for it. We’ll get you some figures by Monday.”
The market was actually open and up 181 points closing at 12,981 (according to Sky News). So did they actually check the market was trading? Doh! Can they get it right tonight or will it be three days in a row?
Hat-tip : Biased BBC
When Chris Huhne launched his Lib Dem leadership bid, our cameraman took the trouble to count the number of BBC people present.
There were TWELVE of them. Sky and ITN had three each.
To be fair Dave faced a slippery nipple obssessed Paxman in 2005. It takes a bit of political courage to face Paxman. When did Gordon ever face Paxman?
Maggie and Mandela | Charles Moore
Mandela was Christ-Like | Peter Oborne
Maggie Personally Donated £20,000 to Mandela Foundation | Bono
Why Environmentalists Should Favour Fracking | CPS
Balls Gag Falls Flat | Asa Bennett
Mandela the Thatcherite | John Pilger
Balls’ Heckling Hypocrisy | Isabel Hardman
Gordon Dinner Raises Just $350 | Trending Central
Labour Need Darling to Replace Balls | Peter Oborne
Osborne Will Have to Push Harder Than This | Fraser Nelson
No, Cameron Did Not Make Hang Mandela Posters | Buzzfeed
Nelson Mandela on Margaret Thatcher, July 1990…
“She is an enemy of apartheid… We have much to thank her for.”