Prospects for Monday, 22nd September, 2008
Here is today's output editor, Robert, with a look ahead to tonight's programme:
Good morning everyone,
There are a lot of stories to choose from today.
LABOUR
Simon has a team at the Labour Conference with Jeremy. How are Labour going to deal with the lessons of the financial meltdown last week? The Chancellor Alistair Darling has poured cold water on demands from within the Labour Party for an immediate crackdown on City bonuses and higher taxes for the rich. Mr Darling was interviewed on ´óÏó´«Ã½ programmes, ahead of his big speech to the Labour conference in Manchester this morning. They'll also be dealing with Gordon Brown's speech tomorrow and the issue of his leadership. I'll go through it all in more detail in the meeting.
MARKETS
Will Capitol Hill pass the US Treasury Secretary's emergency $700bn bail out? It looks as if the Democrats aren't happy. They want greater financial oversight of the money. What if this stalls? Where next for the markets?
PAKISTAN BOMB
President Zardari will meet US President Bush at the UN today following the weekend's suicide bombing in Islamabad. Fifty three people died and more than 250 were injured in the explosion outside the Marriott hotel in the capital.
Any other thoughts welcome. See you soon,
Robert
Comment number 1.
At 22nd Sep 2008, bookhimdano wrote:the lefty froth over city bonus is amusing. Footballers are paid more as are TV presenters.
Maybe they should open a demo account and find why 80% of people lose money in the market and then ask if someone can consistently make money in the markets would they not be like gold dust? And then employ them to run their workers pension fund?
so rather than campaign for something that would really help 'the workers' like a two way grid they embark on a glorious flat cap crusade against the evils of money and those 'who will be first against the wall when the revolution comes' [see 'hitchhiker guide to the galaxy']
Complain about this comment (Comment number 1)
Comment number 2.
At 22nd Sep 2008, barriesingleton wrote:D PHIL (where D = dumb)
We are appalled by 'their' bombs, though we make, use and sell them ourselves.
We are aghast when, in the street, young men defend their beliefs by killing, and say they would be better off in the army, defending political beliefs - by killing.
What kind of mentality promotes such an ethos?
I suggest it is the same mentality that presides over monetary madness and the psychological decline of Britain while claiming 'high postion' in the world.
It's the philosophy stupid.
Complain about this comment (Comment number 2)
Comment number 3.
At 22nd Sep 2008, thegangofone wrote:Only Labour could take us through something on a par with the Wall St Crash and then announce they are going to introduce regulations and make themselves sound like heroes.
Brown has the full confidence of the cabinet and party and Honest John Major. So he will last a couple of weeks at least then.
If Bush only has a few weeks left whatever happened to his Congressional medal for Blair? Did he ever collect it or would it be seen to re-open old wounds on Iraq.
On the US the $700 billion covers the mortgages. If I have gleaned the right information that does not cover derivatives nor the CDS (Credit Default Swaps). Is it safe? Is it safe?
On Pakistan it sounds as though the terrorists have very good information so in my world it will get worse and more unstable in Pakistan before it gets better. But to win in Afghanistan you have to win in Pakistan in my view.
Complain about this comment (Comment number 3)
Comment number 4.
At 22nd Sep 2008, Mistress76uk wrote:Cannot wait to see Jeremy at the Labour Party Conference - should be a good laugh!
Complain about this comment (Comment number 4)
Comment number 5.
At 22nd Sep 2008, thegangofone wrote:"In his keynote speech, Mr Darling is also committing to taking whatever steps are necessary to tackle turmoil in the markets, but will also warn that solutions to the problems of globalisation will not be found by one government alone".
Why does what I think of as risk analysis require other governments?
Either we are responsible for our companies derivatives trading etc. or we are not. If we are not then we don't need the 10p architects at all and where is the basis for Browns self created reputation.
Complain about this comment (Comment number 5)
Comment number 6.
At 22nd Sep 2008, barriesingleton wrote:WHEN SPIN TAKES A NOSE DIVE
The modern fad for vacuous print behind platform speakers is alive and well in Labour. Not only have they deployed: "Winning the fight for Britain's future" raising the question: "against whom - the past?" Shades of the war on Terror!
But the best example, Behind Miliband D, as he explained how "good" Labour are at warfare, aka foreign policy, some wunderkind had put the big, bold word: 'PROGRESS' running vertically DOWNWARD - whether to Hell or 'the pan' I could not see.
Complain about this comment (Comment number 6)
Comment number 7.
At 22nd Sep 2008, David Mercer wrote:Now we have heard the Chancellor’s speech, we have some idea of what to expect. Gordon Brown may say more, but for the moment it sounds as if he is following his usual route. It’s all about directing attention elsewhere. It’s the global markets, and their greedy bankers, to blame. Much of this is, of course true, but the solution is to also be sub-contracted to those same global markets. ‘Not me gov!’ is the strategy on all fronts.
As far as I heard, Darling said almost nothing about what he, or Gordon, would do. It is worrying when a socialist government believes in laissez-faire even as its own policy.
And, as to the US government bail-out of those markets, Bush once more seems determined to impose his own agenda. Nationalizing losses should not be allowed to affect privatised profits, it seems!
We may be getting the worst of both worlds!
Complain about this comment (Comment number 7)
Comment number 8.
At 22nd Sep 2008, midnightPantsman wrote:Yes Jeremy is such a laugh these days !
Complain about this comment (Comment number 8)
Comment number 9.
At 22nd Sep 2008, Mistress76uk wrote:midnightPantsman - I meant the Labour party are a laugh :p
Should be good to see Jeremy slaughter them.
Complain about this comment (Comment number 9)
Comment number 10.
At 22nd Sep 2008, barriesingleton wrote:VIGNETTE
It is reported that 3% of pound coins are counterfeit. What an ugly word. Lets call them sub-prime.
Complain about this comment (Comment number 10)
Comment number 11.
At 22nd Sep 2008, LarsonsMum wrote:Alistair Campbell is certainly conspicious by his absence these days - if even he cannot do anything to help labour and Brown, there is no hope.
Complain about this comment (Comment number 11)
Comment number 12.
At 22nd Sep 2008, JadedJean wrote:PLUS CA CHANGE.. BUT THERE'S ALWAYS RE-BRANDING/PACKAGING
LarsonsMum (#11) "Alistair Campbell is certainly conspicious by his absence these days".
Newsnight does appear to have found a though.
A very similar M.O.
When it got tough, have a 'nervous breakdown', jettison the unattractive characteristics (for appearances sake), present instead as born again, enlightened, redeemed, fresh, new and improved......in Newsnight's vernacular ... 'sparkling'.
Except, the word is, people don't really change.
Complain about this comment (Comment number 12)
Comment number 13.
At 22nd Sep 2008, barriesingleton wrote:THE MIXTURE AS (RARELY) BEFORE (#12)
A political activist, psychiatrist, with an 'OK' marriage? Does not compute. He would appear to be drawn to positions of power over people and to the spotlight. Did he want to be Mick Jagger when at school? Shudder.
I shall keep an eye on the sparkling Mr Hencke JJ.
Complain about this comment (Comment number 13)
Comment number 14.
At 22nd Sep 2008, barriesingleton wrote:10p OR NOT 10p THAT IS THE QUESTION
In all the debate about Gordon - his character and his ability - one thing, surely, defines both: the 10p fiasco. In politics it always seems to come back to 'fool or knave'; and here we are again.
If Gordon believed, for a year or more, that the removal of the 10p band was a master stroke, then all that hype about him being a 'great Chancellor' is rubbish - he is a fool.
If Gordon knew the 10p removal would hurt a lot of the low paid, but thought no one would notice - he is both fool and knave.
If Gordon was so enamoured of it, as a Budget stunt (as the truly evil grin on his face indicated at the time) then he is, indeed, a knave.
With Andrew Marr, Gordon made a mealy-mouthed acknowledgement of the 10p debacle and tomorrow, it is said, he will apologise. But let him EXPLAIN HIS THINKING and his actions, and if it makes no sense, let him follow Blair into shame and ignominy, reserved for leaders who would deceive us.
Complain about this comment (Comment number 14)
Comment number 15.
At 23rd Sep 2008, JadedJean wrote:DEREGULATION AND WITCHCRAFT
Barrie (#13) "A political activist, psychiatrist, with an 'OK' marriage?"
He's not a psychiatrist (as I have said before, he's a 'psychotherapist' - read faith-healer capitalising on the placebo effect like Rev Blair, not even a professioal psychologist for what it's worth). Any would risk being struck off, or at least sanctioned for such behaviour. Psychotherapists on the other hand are still immune from such censure (although one could/should try calling them to account under the reformed Witchcraft Act, i.e If they pass this modern ducking-test, all well and good.
(Talk about the bad driving out the good...)
Complain about this comment (Comment number 15)
Comment number 16.
At 23rd Sep 2008, Icious wrote:Will anyone join me in my attempt to have a (strung-up) my mistake HUNG parliament?
I don't trust David Cameron, and his arrogant sidekick Mr Osbourne and I will not sleepwalk into voting for a man with no policies.
And i Wont' vote for Gordon brown; because he's uninspiring. in a name (john Major).
Am I the only one wishing we still had Tony Blair for all his faults.
Complain about this comment (Comment number 16)
Comment number 17.
At 23rd Sep 2008, barriesingleton wrote:BRING BACK BLAIR (#16)
Then hand him over to the WI and tell them to finish the job.
Finally: maroon him on some bleak island with only Lord Jeffrey Archer for company.
(Make sure Tony has his War Medal with him, he can show it to Jeffrey - a lot.)
PLACEBO WITCHES (#15)
Ho JJ! Are you quite sure about the precise use of -iatrist and -otherapist (or just making it up as you go along - again)?
Anyway, I won't hear a word against placebotherapy. I sprinkle Double Fortified Omnipotence Powder on my cornflakes ever morning, and look what it's done for me!
Complain about this comment (Comment number 17)