Furse First!

Dame Clara Furse was the first woman to be appointed on the Financial Policy Committee of the Bank of England. But, that’s not the only first she managed to get in line for. She was also the first member to get a grilling by the Treasury Select Committee over her suitability regarding that appointment. Since…

Nikkei Up 5%: The Eurocrisis is Over!

You have got to hand it to them, haven’t you? Past masters these politicians at bull. Call it what you will: baloney, rubbish, pulling the wool over our eyes, lying through their teeth and still smiling. Can we believe it? Do they actually think we’re that naïve? Come on guys, we weren’t born yesterday. Just…

Osborne: Privatization Program for TSB (Lloyds Group)

Privatization is back on the political stroke economic agenda this morning after a report commissioned by Chancellor of the Exchequer George Osborne in the UK looks like he will be set to return bailed out banks to the private sector. Lloyds Bank Group got a whacking £46 billion to shore up its dire financial situation…

LVMH and Hermès: Handbagging Each Other!

Louis Vuitton Moët Hennessy (LVMH) and Hermès are like two old French grannies hand-bagging each other in some secluded (but, of course, exclusive) Parisian street and they have been fighting it out until the bitter end, gritting their false teeth until they lose the dentures and end up gumless. The feud has been raging for…

Chinese Export Fall and Strong Yuan: Bad Times Ahead

Looks like the sun has gone behind the clouds in China for a bit! Not only are the solar panels creating friction between China and the EU, but now it turns out that last month saw Chinese export growth unexpectedly decrease. Imports into China were also in for a decrease as the dropped last month…

Vodafone Didn’t Pay Their UK Bill!

As Alexander Graham Bell cried out “Watson, come here I want to see you” back  towards the end of the 19th century, little did he know that there would be in the 21st century one mobile phone subscription for every man, woman, child and even baby on the planet that live within reach of a…