Sunday, 19 August 2007
Sunday Business Round Up - 19 August
Well Business was always going to get back to the news eventually after a few years of solid growth and good news; now come the harder times where we pay for the largess.
Given that no one has a clue what will happen over the next 6 weeks or so, the papers are sticking more to analysis and some doomy predictions to help the headline writers.
Big Chill Ahead - is the Telegraph take on the matter, fearing the losses in the City will affect the wider economy.
Nothing to fear -Also the Telegraph leads with comment saying that nothing is fundamentally wrong and all will be fine. Please note my post of yesterday below!
US rate cut likely - Says the Guardian. However I feel this would be a huge mistake you don't cope with a crisis caused by cheap lending by making lending even cheaper.
Even the UK can expect a rate cut - The normally Bullish times goes into a writing meltdown predicting all sorts of strange events. Worth a read because it reads like a conspiracy theory!
But sub-prime crisis is already here - A much better piece from the Times showing why the crisis in mortgages is here to stay.
BA to move on Open Skies - The airline, of terribly battered brand of late, is to try and use its muscle in Europe to spur growth it cannot get in the UK.
CBI disagree with Tory plans - The most sensible thing said by the Tories, to pull out of crazy EU regulations on working practices, is criticised by the CBI; what a strange place the country has become in the last decade.
Miner digs up huge Emerald - 10,000 carat, that is big!
Brits shop USA - but make the most of it as the £ won't stay at $2 for long!
EMAP still trying to break-itself up - The misfiring media group may yet save its reputation by a valuable break-up .
Posted by CityUnslicker