February 9th, 2009
01:23 PM GMT
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I have never understood the wish to count dollars before bodies. The Australian fires is a good example of this.

With a horrific death toll from hellish fires, the story is awful. I for one will not be worrying about the insurance costs of the fires for the time being. There will be plenty of time to talk about who will foot the bill. Today is not that day.

On the business front ,  the news is all about Barclays results and the profits announced. Honestly? I don't undertstand them.

I heard on the radio this morning that the devil was in the detail, but never quite realized the devil had such big horns... the top man at Barclays keeps saying 'no' to doing an interview with me. I wonder what he thinks I might ask ?



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soundoff (5 Responses)
  1. RAJENDRA SACHDEVA

    The business in today's world is not at all individualistic. Somewhere or the other it is related to the performance of the other sectors but never disassociated from the similar sector. Under the current circumstances, the figures shown by Barclays Bank seem out of the world, because when corelated financial institutions (children) are not performing satisfactorily which otherwise may also be dependent upon the finance from Barclays' (parent) then how can it(Barclays) be comfortably placed. In other words, the appearance/behavior of a child is nothing but clear display of the position of the parent. However it is possible that the parent may be wise enough to not to disclose its hidden virtues like a cat never teaches a tiger to climb the tree.

    Therefore it would be wise enough to study thoroughly the figures prsented by Barclays' and try to learn from it, but should keep in mind the case of "Satyam", and not get decieved.

    February 10, 2009 at 12:20 pm |
  2. Uma in Liverpool, UK

    Thank you, Mr Q.

    It's worse in the US press.

    I grew up in Lower Manhattan. It was 20 minutes' walk, from our apartment building, to the place where they built the WTC, when I was in my early teens, and where I used to go, sometimes three evenings a week, to watch the magic of the sun setting, from the roof of Tower No 2 (The South Tower).

    The first couple of days of news (I was in the States, in 2001 - also didn't have cable) were network news without adverts, about New York, and occasionally the Pentagon. It was the human side of journalism, because WNBC (and all the networks) are based in Manhattan. Interviews with people, talking about the shock, the horror, the tragedy, the courage, the heroism, the amazing rescues....

    On day three, there were still people buried alive, using cell-phones, begging for help. The Comptroller General of New York City and County had a press-conference, to release figures about how much the disaster was going to cost the City. Credit where it's due, the journalist looked disgusted, and said, 'that's not where most people are focussed, right now', and cut away.

    By day four, the political spin was up to it's full, triumphalist obnoxiousness. President Bush seized the moment. Suddenly, Manhattan (which I'd heard slagged off by Americans in every State) was suddenly 'America'. There were still human stories, but now the Networks were spitting out propaganda, in equal measure with the news. There were still no adverts...

    I don't remember when WNBC mentioned how much covering that week without any adverts cost the network. It wasn't long.

    Because of the school and uni I attended, I was acquainted with/had met/had been in school plays with/had committed youthful indiscretions with/had been in poli sci with/etc. over 30 people, who died in the Towers. Their bodies were not even cold - some of them were not even dead, and the Comptroller was talking about MONEY.

    They always do that. It is desecratory.

    I heard it on CNN-I, about Australia, and felt my usual nausea.

    Ditto the crash of Flight 3407, outside of Buffalo. It took less than 24 hours to start totting up the till.

    Well, at least we know what society values more... and people are surprised that slavery ('human trafficking') is on an upswing?

    February 25, 2009 at 8:08 am |
  3. Nafees Azhar

    Mr. Obama should make a spontaneous move, so far I have expected that time is the best healer but, the fact was wrong! I highly appreciated his transactional moves with other countries but, it was not static yet?? But he should have been realized, there are types of economy, expenditure goods (Social Security for the people of U.S.) and private goods (Inject more money into Multi-national companies). He should have injected more money into Giant – companies or whatever companies. Whether, it’s small or not! Trust me Mr.
    President; people will adore you more, if you could kindly contemplate for other the individuals as-well!

    Nafees Azhar
    (Independent University, Dhaka) SLASS dept.

    Bangladesh

    March 8, 2009 at 7:47 pm |
  4. Mark Miller

    Punishung Madoff
    The ancient Egyptians had an imaginative way of punishing embezzlers. They were crushed under a pile of gold and silver coins.

    March 12, 2009 at 7:29 pm |
  5. Arvid K. Gromholt

    Stock Exchange Indexes.

    We read about DOW, NASDAQ, etc followed by a number, called Index.

    How are these indexes calculated, and what are their denomination?
    USD/share? Just USD?

    What does it actually mean in real terms if the DOW one
    day is say, 7500 ,and has increased 1,5% in one day?

    Appreciate your response.

    Regards

    March 12, 2009 at 9:22 pm |

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