Business Diary: Cramer thanks the Chinese
Friday 23 July 2010
Jim Cramer, the rather volatile television presenter who gets so excited on CNBC, is taking Ben Bernanke's warning this week about economic uncertainty with a pinch of salt: he has come up with a list of 10 reasons for people to stay positive. Top of the list for the ultimate free marketeer Cramer is this back-handed compliment to Beijing: "The Chinese Communist Party's exemplary display of capitalism, the successful soft landing of its overheated property market, has allowed other parts of its economy to take off again."
Triple photo whammy for BP
BP just doesn't seem to get it. The Washington Post reports that bloggers have now caught the oil company doctoring spill-related photographs three times in the space of a week. None of the alterations are major – they included making it seem as if a helicopter was in the air, rather than on a landing platform, for example – but if you're a scandal-hit oil major battling to restore trust in your most crucial market and under the closest scrutiny, fiddling with photos doesn't seem like a great idea.
Reich splits the difference
Economists and politicians have languages of their own that they use to befuddle the rest of us mere mortals, deliberately or otherwise. Still, hats off to Robert Reich – the former US labour secretary who is now an economics professor at Berkeley, and thus a member of both professions – who has this novel take on a familiar theme in his blog. "We're not in a double-dip recession yet," he says. "We're in a one-and-a-half-dip recession."
Capita banking on crime boost?
We were intrigued yesterday by Bloomberg's coverage of Capita's latest trading update. "Capita Group Plc, which provides a criminal records service for the UK Home Office, rose the most in 19 months after reporting improved margins and predicting 'significant opportunities'," the wire service reported. Does the oursourcing company know something we don't about a forthcoming crime wave?
Sales of the tablet are set to fall again say analysts
World's most lethal spider found under a bunch of bananas
British supermodel and hitmaker join forces to launch a 'huge song'
The Duke and Duchess of Cambridge announce they are set to welcome second child in spring
I Am Bread could actually a challenging and nuanced title
- 1 Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
- 2 Ebola outbreak: What is bushmeat – and is it to blame for the disease that has killed thousands?
- 3 Star Wars memorabilia called a 'bit of plastic' on Antiques Roadshow by Fiona Bruce valued at £50,000
- 4 Meet Thea, Norway's 12-year-old child bride
- 5 Russell Brand might seem like a sexy revolutionary worth getting behind, but he will only fail his fans
Kobani: Fifteen-year-old boy taken captive with suspected jihadist 'shot in the head by militant group' fighting against Isis
Ebola outbreak: What is bushmeat – and is it to blame for the disease that has killed thousands?
Isis fighters 'crucify' 17-year-old boy in Syria
Oscar Pistorius sentencing: Olympic star must serve 10 years, prosecutor urges
Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Sorry Judy Finnigan – Ched Evans is no less sickening than an alleyway rapist
Residents should throw a street party and mix with immigrant neighbours, councils told
Workers 'could be forced to pay £5 a week' to get benefits
Russell Brand threatened with arrest after filming outside Fox News headquarters
Amal Alamuddin calls for the return of the Elgin Marbles from Britain: 'Injustice has persisted for too long'
iJobs Money & Business
£18 - 23k + Benefits: Guru Careers: We are seeking a Customer Service Executiv...
£60 - 65k + Benefits: Guru Careers: We are seeking a ASP.NET Web Developer / ....
£60,000 - £80,000: Saxton Leigh: Our client is an leading Asset Manager based...
£27000 - £32000 Per Annum: Clearwater People Solutions Ltd: Our large charity ...