| TODAY - this morning | |
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| Tweet Topic Started: Dec 21 2011, 01:36 PM (277 Views) | |
| Aware-Adult | Dec 21 2011, 01:36 PM Post #1 |
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When ‘Today’ starts at 06:00 they have a regular pattern. At 06:15 it’s the business news and I eagerly await the market numbers for The FTSE 100 (British), The Dai Jones (Welsh) and The Nikkei (Japan, although sometimes Hang Seng - China/HK, sneaks in). But yesterday the numbers were not given , just more general chit-chat discussion about the markets. Oh well, I must have missed it. NO! It happened again this morning. Oh dear, the world economy is so ropey that Today wants to shield us from the trauma; “See no evil, hear no evil” |
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| rumbaba | Dec 21 2011, 02:19 PM Post #2 |
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I have a radio alarm that goes off at 6.10 and I wake up to Radio 4. However, the radio in the shower can only pick up TalkSport, so I miss out on the markets update but I am well informed about the Blackburn Rovers vs Bolton game last night and Suarez's 8 match ban for racially abusing Patrice Evra. |
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| Hugh Mosby-Joaquin | Dec 21 2011, 10:45 PM Post #3 |
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I've listened to the stock market prices for years; like the shipping forecast it's more litany than useful information. And I can put my hand on my heart and say I haven't got a clue as to what it all really means. Well, I know roughly what it's about, but I wouldn't know how to react to footsies if they kicked me up the fundiment, and I cannot keep up with the Dow-Jones's, or the various fluctuations and subtle differences every morning in Wall Street; and it always makes the Euro worth 68p. I preferred it years ago when the BBC had some tweed-jacketed rustic (that's what he sounded like) nip down to Covent Garden every morning to note down and inform us of the prices of potato varieties and other vegetables. That was a real stock market; a root-stock market, if you will..... |
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| Aware-Adult | Dec 22 2011, 08:33 AM Post #4 |
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And there is a flower called ‘Stock’ too, perhaps these can be traded now the money has run out. It happened again this morning. No numbers…. just “Blah….Blah…”. Eventually they will not include hard data on finance at all and just ask “...and how does that make you feel?” in the soft emotionally-intelligent world of Western Economics. Asia will still have ‘Squawk Box’ [Squawk Me...! ] and be generating real income and economic growth of course. |
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| caissier | Dec 22 2011, 07:32 PM Post #5 |
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Administrator
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A good presenter and graphics can make things easier to understand ..... http://www.youtube.com/watch?v=Q9_fBDDTIuI |
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| Aware-Adult | Dec 23 2011, 08:37 AM Post #6 |
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PHEW! the numbers were back this morning. <cs> Oh, we're out of recession. Well the US are anyway, so no doubt every other nation can breathe a sigh of relief ____________ <cracker> <cracker> <cracker> <cracker> <cracker> <cracker> |
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| Aware-Adult | Mar 10 2012, 08:47 AM Post #7 |
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John Humphries obtained a simple jargon-free explanation of how ‘debt events’ and ‘credit swaps’ are currently being used to paddle the Greeks (and other indebted European Governments) out of their financial creek. In effect we are collectively ‘writing off’ these countries debts. Flashback to Gleaneagles 2005 and the G8 conference. “Oh we can’t write off African nation’s debts, or they will become used to handouts…” There is still no meaningful reduction in African or Asian debt obligations. But it seems that Europeans can achieve reductions with collusion from governments, banks and industry. Hypocrisy perhaps? |
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| rumbaba | Mar 10 2012, 08:55 AM Post #8 |
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Harsh economics AA. Everything is driven by self interest. The EU has little choice. Greed and fear drive the markets. |
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| Aware-Adult | Apr 11 2012, 08:11 AM Post #9 |
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John Harrumphrie’s report on Liberia was brilliant this morning. The total lack of hope and verbalization of a future came over horribly clearly “Not much has changed in two-hundred years. Still in mud huts with no running water….”. Good grief, compare this with other nearby north African countries and it becomes starkly clear how much we all depend on benevolent trustworthy leaders |
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| caissier | Apr 11 2012, 11:37 AM Post #10 |
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Yes, I thought that was good too AA. There was an excellent piece of reportage about a mystery illness in Northern Uganda, on Today a few days ago, which only affects children, called the nodding disease. It leaves them in an upright coma state, just nodding their heads. Their parents refer to them as 'little flowers' because all they can do now is feed them and give them water. They seem to be phobic about food. It is constantly spreading. It makes me wonder why medical aid and reseach isn't being parachuted in. Perhaps they would be if rare earths for mobiles and i-pods were in jeopardy. |
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| Aware-Adult | Apr 11 2012, 01:05 PM Post #11 |
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In 1970 Bangladesh was exporting rice, whilst its people starved. There was a massive campaign to try and feed the millions as governments did nothing Does money talk, shout or yell? |
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| rumbaba | Jun 14 2012, 08:18 AM Post #12 |
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The today programme this morning had a bizarre conversation between the, increasingly languid, Robert Peston and a befuddled James Naughtie. They were discussing the proposed ratio for banks' capital adequacy. The Vickers report suggested 4% and George Osborne has decided on 3%, in line with international standards. James Naughtie seemed to think Radio 4 listeners needed an an explanation of how percentages work and the difference between 3% and 4% and then got it all spectacularly wrong. I haven't gone back to listen again but it was along the lines of 'So, for every pound the bank lends, they need to keep £33 in reserve?' There was then a lot more stumbling and fumbling with Peston eventually clarifying that Vickers wanted £4 in reserve for every £100 lent and Osborne went for £3 in reserve for every £100 lent, which I think everyone, except poor Jim Naughtie, fully understood anyway. |
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| rumbaba | Jun 14 2012, 11:29 AM Post #13 |
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Here it is if you want to listen. http://news.bbc.co.uk/today/hi/today/newsid_9728000/9728428.stm |
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| Hugh Mosby-Joaquin | Jun 14 2012, 11:41 AM Post #14 |
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Percentages have always befuddled me, I must confess. I have to convert them to a fraction, so if somebody says "33%" I think "a third". And if they say "62.5%", I pretend not to hear. |
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, just more general chit-chat discussion about the markets. Oh well, I must have missed it. NO! It happened again this morning.



12:18 AM Jul 11