H/T Bobo
Evan Davis on fine form:(08:10)
‘Well we’ve had a Royal Mail sale but for some it’s a Royal Mail fail as we’re selling off shares in a national asset on the cheap, a way of handing out free money to Conservative voting types who already have enough money to fork out and buy some shares……the market will give us a first indication of whether that account gets out of the starting blocks….’
Yes…let’s have a whip round for those poverty stricken Labour voting types eeking out a living on BBC wages.
Tory’s are beyond the pale….but an Iranian regime which hangs gay people and 16 year old girls from cranes as a way of handing out free warnings to non-conservative Muslim types is worthy of his respect.
BBC hacks should stick to Hampstead Heath for their Greco-Roman wrestling – it’s a damn site safer than Iran.
Re Royal mail shares, I had to laugh at the BBC news (various radio broadcasts) when it was revealed that all that applied for the minimum got it; all that applied for the next range also got the minimum but those that went OTT got NOTHING. The intonation and stress was the exact opposite of what it should have been, it was read out (by at least 3 different news readers over the course of a few hours) as though it was a disgrace that those that wanted more than 10,000 quid’s worth weren’t getting any. Unfortunately too the early people interviewed for comment were sympathetic to government so after a few hours the speed-dial nay-sayers were brought in.
The reporting of the Royal Mail share offering by the BBC has followed all the SWP cliches that are used across all of the ‘City’ stories. Do none of their reporters have a clue how a market works or is spreading propaganda more important?
We are told, for instance, that the (black-leg) postal workers have converted a collective £50M into a £70M gain. This calculation is made by taking the current share price and multiplying that by shares owned. However the share price is the BID price, i.e. “Please sell me your dog, I’ll pay you £1, £2, £10, £100…etc.”. The point is that no dog has been sold, the BID price keeps going up until someone in the market breaks ranks and sells. All of a sudden lots of people have £100 dogs unfortunately the sole buyer has got his and now its “anyone want to buy my dog? £99, £20, £10….free to a good home!”.
Whenever these journalists tell us that a share price has shot up or down the question that needs to be asked is “yes, but what proportion of the shares were actually traded, i.e. what were the REAL gains or losses?”.
All you need do Jim is listen to their “business bulletins” that occur near the half hour on the Toady Prog.
Your question in the second sentence is answered.
Tuck shop pilferers, freeloading arts grads who`ve never even sold a Jimmy Savile vest, let alone a plaque nicked from the old BBC buildings in Wood Lane?
If only Bob Beckmann was still aorund…Liam Halligan and Jeff Randall DO know something about business-which is why neither will ever get a berth on the BBC.
No mention that the Government (sic) had to sell off the Royal Mail due to EU Directives.
Better the BBC makeup a story, rather than report one, eh !
Heard Billy Hayes talk his crap yesterday on Today.
Did Evan Davis ask HIM whether he got his free Post Office shares or not?
Did he hell.
So-did Billy Hayes get them or not…or does he not need them given his stonking salary(not performance related, I`d bet)?
Or is he not even entitled to them…in which case, what gives him the right to speak on Post Office affairs?
Any chance of the BBC asking for me?…
Muslims must never be criticised no matter what they do !
So when it comes to left wing gay people in the UK they can simply look the other way and pretend is isn’t happening – and after all it isn’t – to them so it doesn’t matter.
Until we have a law in the UK where Gay people are executed, the wilful blindness will continue, after all Muslims are top of the hierarchy of isms and must never be criticised !