Business Diary: Romer's coded message for UK
Saturday 14 August 2010
The Obama administration can't quite help itself.
Christina Romer, chair of the White House Council of Economic Advisers, has this to say about lessons she might learn from other countries about unemployment: "If you look at which countries enacted the biggest fiscal stimulus in 2009 and how they're doing, you can see a pretty strong financial correlation – the US, which had a relatively big stimulus, is growing a lot more strongly than many European countries that had much more moderate fiscal packages." A message for George Osborne and David Cameron?
The real experts on cost cuts
The appointment of Sir Philip Green as a Government adviser on spending restraint is understandable: the retail tycoon does have a reputation for paying close attention to costs, after all. However, surely there would have been better candidates. What about Richard Desmond, who just this week announced swingeing cuts at his new toy, Channel 5? Or Sir Fred Goodwin, who has a bit of time on his hands these days, and isn't known as Fred the Shred for nothing. He could have been given a chance to pay his dues.
Commerzbank calls the tune
It's not entirely clear whether or not this is a spoof, but there's a wonderful email doing the rounds purporting to feature the lyrics of what it claims is some sort of Commerzbank company song. "We are the bank, built on values," it begins. "We are the bank that relies on itself". And so on. It's no
Eurovision candidate, but at least it brings a smile, which is quite an achievement for a bank these days.
No help with the blood pressure
Ping! Another email arrives from the British Association of Anger Management, a regular correspondent with the diary. Although we are always pleased to hear its news, this particular missive comes with an embedded graphic of some sort (the technical stuff is beyond us) and crashed our computer. A little counter-productive on the anger-management front, one might say.
- 1 Benedict Cumberbatch says Hollywood is better for black British actors: 'I think as far as coloured actors go it gets really difficult in the UK'
- 2 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 3 UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
- 4 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 5 Warriors in ancient Iraq suffered Post-Traumatic Stress Disorder more than 3,000 years ago, say researchers
Rowan Atkinson to sell £10 million McLaren 'supercar' he crashed into a tree and a lamppost
UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
US blames Russia after rocket attacks in Ukraine kill at least 30
Warriors in ancient Iraq suffered Post-Traumatic Stress Disorder more than 3,000 years ago, say researchers
Nigel Farage: NHS might have to be replaced by private health insurance
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
George Galloway condemns 'racist, Islamophobic, hypocritical rag' Charlie Hebdo at freedom of speech rally
British Muslim school children suffering a backlash of abuse following Paris attacks
Islamic history is full of free thinkers - but recent attempts to suppress critical thought are verging on the absurd
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