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Tonight's programme

Comments

1. At 01:30 PM on 08 Aug 2007, Sunday Grammer wrote:

   Dear Eddie

   Am a regular listener and fu of the PM and The Today programme.

   A request:
   Could you follow up and establish the truth behind this story about the Ugandan Embassy in London.

   It appeared in our local newspaper.

   Link:

   As a Ugandan living in Britain am shocked to hear that in this century we have a body lying in the basement of the building.

   Thanks

   Sunday Grammer.

2. At 01:31 PM on 08 Aug 2007, alan wrote:

   Just got a second copy of the pm newsletter - both sent about 12:00

3. At 01:52 PM on 08 Aug 2007, wrote:

   Personally I don't think that "Ugandan discussions" are an appropriate subject for PM. Not before the watershed.

   So while we wait, could we see the eyes of Eloise?

4. At 04:09 PM on 08 Aug 2007, mac wrote:

   Sorry to be a repetitive bore (I'm not really but, politesse demands..) but, look, there is a hell of a battle going on on the markets at the moment!

   One way of putting whats going on, is this:

   Last year the FTSE was at about 5,200. Vincent Dugglevy (sp?) on Money Box Half Dead declared that to be a fair sort of evaluation. In the jargon it relcected fundamentals. It was a reasonable assessment of the value of British firms and their economic prospects - and those of Britain. In this he was right.

   But, as per usual we have had a price inflation - a bubble - for about a year so that up to very recently the FTSE was at 6,800 or more.

   Now there's been a fall to 6,300 - a big drop, but the battle is over this:

   
   Is it reasonable that shareholders should hold on to the 1,000 extra points they are STILL up on, compared to true worth (fundamentals).

   The share holders are trying to hold on to an excess of 250 billion pounds in the value of their shares.

   They use that additional value to finance their life styles via credit creation backed by the share pprice hikes.

   Prudence demands that the govt. not increase the state pension, spending on schools, hospitals etc whilst that extra spending for the asset preice inflation in shares (and houses) is fuelling demand.

   Both sorts of spending would be inflationary.

   So we the many suffer in the interests of the few.

   So, does the PM team think SOME SORT of assessment of the chaotic stock market system is long overdue on your programme, cos I do!

   The system itself is dishonest in that the wealth they create for themselves by declaring their own assets more valuable day by day during the boom of the past year, deprives others of goods. Look at the price of houses - and everything else - in London because of this demand creation.
   That is theft by fraud - Enron style, because it it the shareholders themselves bidding up the value of their own assets.
   So I do believe it would be better if this power to in effect print themselves money were taken away from the fat cats.

   Thank goodness some of it is has drained away with the fall from 6,800 to 6,300.

   The battle then is whether we can prevent these people regaining the self confidence to re - declare to us that their assets are worth 25 percent more than they really are.

   The question is: Can they get away with it?

   Or may we have some luck and a greater crash cause their profligate dishonest spending to be replaced by equitable government spending (the economy has the capacity to respond to that much demand) here and in the rest of the world.

   Get that case put (by Evan Davies?) and you could have your frogger Paul to reply!

5. At 05:41 PM on 08 Aug 2007, Suzanne Zeedyk wrote:

   Good on First Choice! The decision to ban people for such loutish behaviour makes it more likely that I would seek to book a holiday with them in future.

6. At 06:47 PM on 08 Aug 2007, wrote:

   Nicely caught, Eddie. Tut-tut Eloise! ;o)

   I do wish more English people would remember that all of Britain isn't about THEM!

   (chortle)

   Fifi

7. At 08:08 PM on 08 Aug 2007, Edgar Lloyd wrote:

   The Scottish First Minister may have some difficulty in getting Scottish journalists to staff his proposed News at Six. Most of them seem to prefer it in London in Radio 4 news programmes where their ubiquity is marked.

8. At 11:24 PM on 08 Aug 2007, Aperitif wrote:

   Edgar (7), That's because they have such beautiful diction.