Investing in business
There's been some reaction to about changes to the , a long established and very effective part of the ´óÏó´«Ã½'s business offering.
Whilst I am not responsible for that particular programme, or the changes being made by ´óÏó´«Ã½ Current Affairs, I understand there's no intention to reduce the impact or volume of the Money Programme despite some of the reporting.
What is also true is that there has never been a higher level of commitment or dedication to business and economics coverage on . My department produces 11 hours of broadcast business output every single weekday across various ´óÏó´«Ã½ outlets and channels, as well as a constantly updated website for UK and global business news.
We have teams of business journalists based in the US, Asia, India and the Middle East who contribute to our domestic and international coverage. In October we are re-launching , our daily business and finance programme on ´óÏó´«Ã½2, with a new format and extra audience interactivity. It's a project which we are incredibly excited about and which we know will meet a real desire from the audience to know more about the economy and what affects the pound in our pockets.
In addition, our team of specialists including Business Editor Robert Peston and Economics Editor Hugh Pym continue to provide exclusive stories and strong analysis. Robert's current series of 30 minute interviews with top CEO's called has been a real investment in serious business news for ´óÏó´«Ã½ News.
Next week we have a fantastic and ambitious project launching which I'll be blogging about on Monday. There's never been a more importan time to tell the economic story and it's something we are very focused on.
Comment number 1.
At 4th Sep 2008, Briantist wrote:Sorry, is the story in the Telegraph true or not? You totally failed to confirm or deny the story.
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Comment number 2.
At 4th Sep 2008, Hank_Reardon wrote:Jeremy,
Is your fantastic new launch anything to do with the coming clean about our economic situation.
My guess is no.
Telling an economic story is what you do best at the bbc so i suppose it's best you continue to do just that. As long as you don't come clean about central banking, fractional reserve banking the reasons we have boom and bust cycles and such then it is just a story that you report.
I have seen very little about the stopping of the publication of the m3 index, one of the most important and significant economic decisions made for years.
Instead just the constant repeating of the slogan for the recession 'credit crunch'. Why no simple reporting about how the central banking system is causing this boom bust cycle of theft.
When will an editor at the bbc have the guts to tell the truth about their area of 'speciality'.
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Comment number 3.
At 4th Sep 2008, dennisjunior1 wrote:Jeremy:
That is good that the ´óÏó´«Ã½ puts out 11 hours a day across the entire ´óÏó´«Ã½ networks for Business programmes.
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Comment number 4.
At 5th Sep 2008, Cupid-Krist wrote:what would the people of England do If
one of there owen was inslaved in canada by the R.C.M.P. sea-thiss and its goverment
profile of this very ture KING !
profile on web page ....Imeem.com under the name .. sir lord Kevin Blair Chase
read it and be sher that it is the truth !
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Comment number 5.
At 5th Sep 2008, MartinR wrote:Yes but the problem with the way the ´óÏó´«Ã½ reports business news is this - every show seems to take the view that the consumer is always right and any business making profits is greedy and robbing the public.
We have some truly inventive minds in this country but the odd splash of Branson and Dyson on the news does nothing to diminish the fact that no-one ever looks at why (for example) energy companies might need large profits (just how are they to build the next generation of plants if we hobble their profitability?).
In the US companies like Microsoft and Apple are celebrated as part of the national success story, here you have to be a genial 'mad inventor' type to get on TV.
And although this isn't in your remit, when was the last time any British product got as much free publicity on the ´óÏó´«Ã½ News Channel and main bulletins as Apple's iPhone did?
And you surely can see the correlation between the ever-rising house prices and the endless house makeover shows the ´óÏó´«Ã½ churns out? Pushing the message that you;re no-one unless you own a couple of 'projects' which are 'guaranteed' to build you a tasty pension.
Except of course that was all guff and those of us who said so at the time have been proven right.
The first generation of the device is largely accepted as being below par (and the second's not exactly great) yet it got acres of fawning coverage on the ´óÏó´«Ã½. I genuinely can't recall British success stories getting anywhere near as much coverage.
Instead we're left with 'pretty' news readers trying to do a bad Paxman impression 'tackling' any firm who dare announce profits that week.
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Comment number 6.
At 5th Sep 2008, SaltedPorkPie wrote:Your people are spread too thin. You really need a dedicated business and economics magazine programme. Covering more than the top stories or the daily movements of the equity markets, it would cover the news of the week from UK and abroad. and from all areas of business; large and small.
Jeff Randall's show on Sky does the business (sorry) with its A-list guests (Rose, Sorell et al), but falls down because it is too UK focused and lacks analysis. There is what the ´óÏó´«Ã½ should be doing.
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Comment number 7.
At 6th Sep 2008, fillandfrowpist wrote:I just curl up and go to sleep when faced with blogs that are filled to the brim with "incredibly exciting" superlatives.
Please can the ´óÏó´«Ã½ do what it is supposed to do - inform- and let us, the audience, decide just how good, bad or indifferent your efforts are?
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Comment number 8.
At 7th Sep 2008, pongabit wrote:So the ´óÏó´«Ã½ dithered and dithered and dithered over the question of a recession. It quoted so many sources of the word recession without once reaching for a dictionary. So the ´óÏó´«Ã½ goes on and on about mortgage holders seemingly ignoring the huge numbers of its license payers who cannot afford anything better than a let. So the ´óÏó´«Ã½ rattles on aimlessly about car owners and the cost of fuel not once getting to the nitty gritty on substandard public transport. So the ´óÏó´«Ã½ proclaims its rights to live Premiership football on FiveLive when it could be covering all the lesser leagues (i.e. non-league) with passion and commitment.
The ´óÏó´«Ã½ seems to believe that a concern for minority groups somehow justifies diversity when it actually achieves nothing of the sort.
In short the ´óÏó´«Ã½ is the sum of its parts - a pretty mediocre and self interested bunch.
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Comment number 9.
At 7th Sep 2008, geoChandra wrote:Lay-people need to be kept informed by specialist-writers. The economy and real business issues have a huge impact on people's lives: a lively forum which informs and educates is a god-send. The ´óÏó´«Ã½ is constantly striving for excellence in its analysis and news broadcasting. ´óÏó´«Ã½ journalists have obviously open minds and the critical sense and are governed by a sense of balance; right and wrong. Concern for minority groups shows wonderful humility. The ´óÏó´«Ã½ grows fro strength to strength.
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Comment number 10.
At 7th Sep 2008, geoChandra wrote:Lay-people need to be kept informed by specialist-writers. The economy and real business issues have a huge impact on people's lives: a lively forum which informs and educates is a god-send. The ´óÏó´«Ã½ is constantly striving for excellence in its analysis and news broadcasting. ´óÏó´«Ã½ journalists have obviously open minds and the critical sense and are governed by a sense of balance; right and wrong. Concern for minority groups shows wonderful humility. The ´óÏó´«Ã½ grows from strength to strength.
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Comment number 11.
At 7th Sep 2008, emamel wrote:More cutomer interactivity?
We actually pay a license fee to pay for people to report the news/act in dramas/give help and advice etc.
Yet again the ´óÏó´«Ã½ decides that we, the public, should do the job they are paid to do.
Soon the ´óÏó´«Ã½ won't need any staff.
No drama (except remakes of the same few Dickens/Hardy/Austen stories that they remake every 5 years cyclically), news where the public supply the story and footage, tv where we supply the house/junk for selling/talent, and now we are expected to supply the financial knowledge for a multi-national corporation paid for by us, but to which we are not shareholders.
How about less interactivity, and more earning the jobs-for-life with high salaries and great pensions.
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Comment number 12.
At 7th Sep 2008, pongabit wrote:#9.
"´óÏó´«Ã½ journalists have obviously open minds..."
Journalists are journalists and I have yet to meet one who has an "open mind". The ´óÏó´«Ã½ has nepotism deep within its ranks. Much of its "talent" is drawn from its long list of local media, too often not on ability but on how a particular person fits the ´óÏó´«Ã½ diversity profile.
Too often the ´óÏó´«Ã½ misses opportunities to dig deep into news stories, a skill it once excelled at. Now its output is indistinguishable from that of the many cable and satellite channels. There is no longer a ´óÏó´«Ã½ seal of approval on its products, or an attempt to stick to formats that cater for its wide ranging audience unless they happen to be minorities of which the Government approve. We have Welsh, Scottish and Northern Irish output but no specific English output. We even have an Asian network and yet we have nothing for "working classes", the "low paid", the "disadvantaged", the "disabled", the "unemployed" etc.
Everything about the ´óÏó´«Ã½ appears to reflect Government edicts and yet it is "owned" not by politicians but by license payers. Perhaps those who claim to protect the ´óÏó´«Ã½ Charter should begin to reflect who their real "masters" are and take not of what "they" want - not what politicians think is good for us.
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Comment number 13.
At 9th Sep 2008, sizzlestick wrote:It had been a year and a half since the sub-prime loan bubble bursted. Frankly I am disappointed with likes of Wall Street Journal, Businessweek, Forbes etc on their covergage of this financial crisis. ´óÏó´«Ã½ too.
There just wasn't enough 'investigation' for better and clearer analysis which hopefully lead to better education of the investing public. ´óÏó´«Ã½ is better placed than the others for more honest reporting simply because it does not depend heavily on advertising revenue from firms in the finance industry.
At this juncture, there are just too many intellectual hypocrites when defending their 'august' reputations are shouting the loudest. It is disturbing to see ex-Fed Chairman Greenspan defending the US Fed benign role in the sub-prime loan bubble. All it required was an understanding of Game Theory analytics of Nobel Prize Economists to figure out that lack of supervision of bankers will lead to no good.
We are deluding ourselves to think that banks should be privilege beneficiaries of 'free market' principles. In this age of fiat money, banks and alike insitutions are nothing but the Central Bank's agent for money creation. We do not need a Central Bank who is not pro-active in preventing financial bubbles.
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Comment number 14.
At 13th Sep 2008, Godspeedswift wrote:ISRAEL IS GOING TO LISTEN, WHEN I SPEAK. HERE ME O PEOPLE OF ISRAEL. ISRAEL WILL, BEGIN TO MAKE PEACE WITH THE ARAB WORLD. ISRAEL SHALL, EXTEND AN OLIVE BRANCH TO ALL THE ARAB COUNTRIES. ISRAEL MUST, BECOME THE HUMBLE MEDIATOR FOR THE SAKE OF ALL MANKIND. ISRAEL SHOULD, MAKE PEACE WITH THE PALISTINIAN PEOPLE AND GIVE THEM "RESERVE STATUS" LIKE CANADIAN INDIANS. Godspeed Swift [Personal details removed by Moderator]
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