Clueless and Crazy

HSBC analysts estimated that share prices are building in a cut to a maximum limit of £10-£20” was the warning from city analysts as bookmaker share prices went from “buy, buy, buy” to “hold” and then “bloody well sell as quick as you can”. 

The impending regulatory clamp down on the bookies’ two golden geese, FOBTs and advertising, has got CEOs and budding CEOs in a right spin. One such aspiring CEO, Philip Bowcock, was trying to maneuver himself into pole position for the top job at William Hill and proudly announced his solution for the Government stating: we are sympathetic to some sort of curb or some sort of review around the level of advertising”.

Someone better wake up bright spark Bowcock. The Government just held “some sort of review” and is planning “some sort of curbs”. As well as being clueless on the political front, he isn’t that sure about Hills’ company status either stating, “you could say that we are a little bit more corporate”. That’s right Phil – the big blue company you have today been put in charge of, is a PLC!

Over in the red corner, Ladbrokes CEO Jim Mullen continued his FOBT crazy tirade claiming: “ministers are gambling with the jobs of thousands over betting terminals”. He urged ministers and MPs to step back from the fray and take a serious look at the facts”.

However, as ministers and MPs opened their newspapers the next day, the evidence and the facts hit them that Mr Mullen is gambling with the lives of his staff every single day with another lost life just this week!

Content produced and sponsored by Campaign for Fairer Gambling




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Quote of the Day

Jeremy Corbyn in the Evening Standard

“… we must also face the uncomfortable fact that a small number of our members and supporters hold anti-Semitic views and attitudes, which need to be confronted and dealt with more rapidly and effectively.

The evidence is clear enough. Labour staff have seen examples of Holocaust denial, crude stereotypes of Jewish bankers, conspiracy theories blaming 9/11 on Israel, and even one member who appeared to believe that Hitler had been misunderstood.

So let me be clear. People holding those views have no place in the Labour Party.

… we have not done enough to get to grips with the problem, and the Jewish community and our Jewish members deserve an apology. My party and I are sorry for the hurt and distress caused. … We must strive to understand why anti-Semitism has surfaced in our party…

… when criticism of or opposition to the Israeli government uses anti-Semitic ideas — attributing its injustices to Jewish identity, demanding that Jews in Britain or elsewhere answer for its conduct, or comparing Israel to the Nazis — then a line must be drawn.  Anti-Zionism is not in itself anti-Semitic and many Jews themselves are not Zionists. But there are also a very few who are drawn to the Palestinian question precisely because it affords an opportunity to express hostility to Jewish people in a “respectable” setting. Our movement must not be a home for such individuals.

Second, there are people who have come to see capitalism and imperialism as the product of conspiracy by a small shadowy elite rather than a political, economic, legal and social system. That is only a step from hoary myths about “Jewish bankers” and “sinister global forces”.

These views do no service to the struggle for a just society.”

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