A much better week this week than last, including the sight of Slicker eating his hat...
Firstly, an entertaining story in the Sunday Telegraph about the future of soft drinks. With all the flavours done, it seems gimmicks will be the new 'new.' Still sounds like fun. Better than the most dull story covered by most but with the Observer link here, about the SKY/Virgin TV boresville.
The main story of the week, the huge market fall (over 10% globally) is surprisingly covered only briefly, although best stories are in here and here. The Mail has a take on how to profit as a small investor in these times; no they don't mention buying a house!
The Sunday Telegraph also covers the credit card story, which continues to bubble away (yes, I know I 'owe' a post on this). This time is is Barclays looking to get out of its credit mess and further bad news for HSBC which is really in the mire in the US with bad mortgage loans (look out for the Woolwich in the UK to suffer the same fate as the year progresses?). The Times reports this story as HSBC writing off $11 billion in loans- that is more than the cost of the business they bought! The Observer has a slightly different take here, as you would expect.
Finally there are a few stories following up on last week's Private Equity binge - here in the Telegraph, a PE bid in The Times,
I always like to include at least one story on our increasing tax burden and its threat to our economic well being - here is one in The Times. Although the Observer has the opposite on how our film industries subsidies are under threat (if only!). The Indy has a nice angle on blaming the tax accountants for the world's woes; I have a tinge of sympathy with the argument here, but not a lot
Finally, the open skies talks I dissed last week have apparently made progress...or maybe not if BA has its way. I remain knife and fork at the ready.