Ippoippo

Hmm, after Gordon’s slip of the tongue (Depression, ahh, I mean recession), we now have Obama, Ed Balls and the King jumping on the doom-bandwagon.

President Barack Obama warned Thursday that the nation is facing a recession so deep that, without action, it could turn into one that “we may not be able to reverse.”

The current global recession is “the most serious for over 100 years”, cabinet minister Ed Balls has said.
Mr Balls, a former economic adviser to Gordon Brown, said it was “more extreme and more serious than that of the 1930s”, the Yorkshire Post reported.

Britain is in a “deep recession” that could get worse if efforts to save the banking system fail, Bank of England governor Mervyn King warned today.

Of course, it’s not just here that things are a little bit on the pear-shaped size.
Exporter countries like Japan are suffering too. In fact, they aren’t too happy with the Americans.

Nakagawa said he has talked about the “protectionist” provision with new U.S. Treasury Secretary Timothy Geithner and other G7 finance ministers by phone ahead of the meeting slated for Friday and Saturday.
“I believe Buy American represents protectionism and the G7 and G20 countries have confirmed that they are against it,” he said.

“We have learned lessons from the protectionist laws at the time of the Great Depression. I’d like to confirm that point,” Nakagawa said, suggesting all members of the World Trade Organization should abide by trade liberalization rules.
Nakagawa referred to the Smoot-Hawley Tariff Act of 1930, which raised U.S. tariffs to historically high levels and caused a worldwide spread of protectionism.

Yikes, hope this history repeating itself doesn’t carry on like this

Well, this kid has got more programming skills than I had at that age!

Ohh dear. Looks like Jeremy Clarkson has dropped the BBC in it again (Guardian and Independant links) (after all the controversy with Ross/Brand, and then recently with Carol Thatcher).

It’s the first time I’ve ever seen a world leader [referring to Australia's Kevin Rudd] admit we really are in deep shit. He genuinely looked terrified. The poor man, he’s actually seen the books. [In the UK] we’ve got this one-eyed Scottish idiot, he keeps telling us everything’s fine and he’s saved the world and we know he’s lying, but he’s smooth at telling us.

I’m sorry, but I actually laughed at that one.

Now, back to the Daily Mail. Ross/Brand say some nasty things, and Daily Mail rants saying that a whole bunch of people should get sacked.
Carol Thatcher then goes and says something which can be interpreted as being racist and this time Daily Mail complain that they SHOULD NOT have sacked someone. Hmmm, anything to do with the fact that Carol Thatcher has a well known Conservative ex-politician as a mother.

So, that’s why I await the Daily Mail’s verdict on this incident. The Daily Mail clearly is no friend of Gordon Brown (ooo, that nasty Red socialist commie)… but the Daily Mail aren’t exactly fond of the BBC and Jeremy Clarkson either. Hmmm, they are probably tossing a coin now to see how to play it.