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 Tourist films plane's descent just metres above packed Caribbean beach
- 2 Indian woman creates 'Marriage CV' after parents put her on dating site: 'Definitely not marriage material. Won’t grow long hair, ever'
- 3 World Book Day: Boy 'excluded' from school after dressing up as Fifty Shades' Christian Grey
- 4 Bad Jews poster 'censored' on London Tube
- 5 Have sex with your iPad thanks to the new sex toy no-one asked for
Tourist films plane's descent just metres above packed Caribbean beach
Indian woman creates 'Marriage CV' after parents put her on dating site: 'Definitely not marriage material. Won’t grow long hair, ever'
Isis 'bulldozes' Nimrud: UNESCO condemns destruction of ancient Assyrian site as a 'war crime'
Professor Brian Cox brands astrology-believing Tory MP David Tredinnick an 'outlier on the spectrum of reason'
Lynch mob kills suspected rapist in India after dragging him naked for four miles through city
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Durham Free School: 'Creationism taught at' free school facing closure
End of the licence fee: BBC to back radical overhaul of how it is funded
Elif Shafak: Turkish author warns against rise of British nationalism
Ex-head of MI6: 'We shouldn't kid ourselves that Russia is on a path to democracy'
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests
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