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Links 1 through 10 of 948 Span Ows's Bookmarks

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Good and bad all respectful and positive

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Came into being with Crash Gordon's utter failure but still worth a look. At time of this comment interest payments are 118 million PER DAY.

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Allister Heath Osborne's problems including change in gilt structure (interest payments etc)

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interesting 7 year browser stats...IE 10% yearly decline

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Posted 30th January 2012
RBS chief Stephen Hester's decision not to take a bonus had become inevitable but "This sorry RBS saga isn’t over yet" [City A.M.]. Order-order highlights the obvious immediate result (click on image) with £320m wiped off RBS's value: "With mob mentality over-ruling contracts, there are obvious jitters around the banks this morning." Guido reiterates what I hinted at yesterday, "[despite] the glaring hypocrisy of sitting in the cabinet that drew up Hester’s contract, this is a short-term political win for Miliband". More amusingly we have: PM "moves to avert resignations at RBS over bonus restrictions" ...[link] (hehehe).

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Posted 30th January 2012
Banker bashing season is in full swing with even normally business friendly media hitting out to some extent. And for good reason? Possibly, along with many who were once 100% behind high incentive packages for high performance. When one considers that with RBS (the one in the spotlight right now because it is essentially taxpayer owned), the balance sheet is about 1.4 trillion quid, i.e. the same amount as generated annually by UK plc; AND look also at the multi billion losses they make AND look at the multi million salaries that the bosses receive without even taking into account the long-term** share incentives (figures that are now headlines in every newspaper). Needless to say it was Crash Gordon (enthusiastically backed by Ed Miliband anyone?) who sorted these contracts...

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President Obama said there would be "no bailouts, no handouts, no cop-outs" [link]...no bail-outs except those already undertaken and ongoing, , no handouts except those already undertaken and ongoing and no cop-outs except those he manages almost daily. A SoU address not worth a sou.

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OK, I know it's Fox News so will be immediately written off (by some) but this is funny: Reince Priebus tells us that "Trying desperately to save his job, Barack Obama has given up on actually doing his job"...hehehe.
"On the economy, jobs, health care, energy, the deficit, the debt, housing, lobbyists, ethics, and energy policy -- all of these issues -- the president has broken his promises to the American people. It all makes for a very unflattering before-and-after."

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