Comments for http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml en-gb 30 Tue 03 Mar 2015 01:31:00 GMT+1 A feed of user comments from the page found at http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml David_McNickle http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=97#comment38 mittfh 14, I knew it as:One night in the middle of the dayTwo dead boys got up to playBack to back they faced each otherDrew their swords and shot each otherA deaf policeman heard the noise And came and killed the two dead boys. Fri 10 Oct 2008 16:31:09 GMT+1 justfloating http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=94#comment37 (37) UTT - I think it was "Ice". Since that was all the headlines seemed to be about. The news is freezing all the will in this country to do anything so I support Carolyn's new description "Head Ice" as being more appropriate. Fri 10 Oct 2008 16:00:28 GMT+1 UptheTrossachs http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=92#comment36 18, 19 - yes, I heard it too. Sequin definitely said "Peter has the head lice"Has he been sharing his headphones with someone he shouldn't? Fri 10 Oct 2008 15:44:38 GMT+1 U11204129 http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=89#comment35 Hey, ho!!!So much for the King Gordon Darling plan.You borrow a huge amount of money (if it's half a trillion that makes 35 million in interest each year) and buy bank shares with it.The only trouble is that is all the money the banks appear to be willing to use commercially.Worse still, the markets (on the Riccardian 'present government borrowing is future government taxation' dogma) deem the government spending way beyond it's means. Which, by the tortured reverse logic that the right uses, (they think government spending crowds out private affluence - they should read Galbraith) is their reason for crashing the markets further,Which erodes the capital adequacy of the banks further.Mervyn, I have some advice for you. Ignore the fact that the Marxist economists at Cambridge put you in hte shade, and take standard lefie advice. Recommend to Alistair and Gordon that the whole financial sector become publicly owned.Your 'buy a bit of a bank - at great expense' policy has collapsed and if America follows it, it will prove useless there too.Market theorists are too Riccardian for it to work. Fri 10 Oct 2008 09:10:48 GMT+1 Big Sister http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=87#comment34 Lady Sue: I thought it very funny :o) Thu 09 Oct 2008 21:42:44 GMT+1 U11204129 http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=84#comment33 33***** I mean everywhere. In fact why don't we give some money to the American banks. Thu 09 Oct 2008 20:51:02 GMT+1 U11204129 http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=82#comment32 Dow, down six hundred and fifty points.'Cos the finance organisations, there, say:( (think the voice of Andy Hamilton (or Jeremy Hardy (?)) impersonating Peter Mandelson wheedling how he needs a really BIG house and, please, could someone give him the money for it))'The banks in the UK have had capital poured in, we should too.'Yeah, it helped here didn't it. Only one percent down today. Back down to the market's worst fears before the Brown Envelope.None of the money will be recouped and it will make no difference*****. The Brown Envelope money will disappear down a black hole. The Contractionists will ultimately trash government efforts to keep the world's economies functioning.****** Should Brown buy in to every bank, it's such a sure fire investment. Thu 09 Oct 2008 20:49:38 GMT+1 The Stainless Steel Cat http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=79#comment31 Lady_Sue (31):*Whoomph*[Quick! Somebody put out the cat!]They can just point their optical telescopes in the same direction their radio telescopes are pointing when they pick up the signals.Or, assuming they are hyper-smart and can figure out how to speak our language from a small sample such as that, they will listen to a load of angsty teenage maunderings and decide to shut down all broadcasting equipment on their planet in case *we* ever find *them* and try to "friend" them on Bubo or whatever it was. Thu 09 Oct 2008 19:20:52 GMT+1 Lady_Sue http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=76#comment30 At the risk of inflaming TSSCat: that item about the recordings that have been sent into space... how are the "aliens" ever going to locate where the recordings came from? They'll be looking on the inter-gallactic Sat Nav for planet "Erf". Shame. Thu 09 Oct 2008 19:11:11 GMT+1 trout_mad http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=74#comment29 Where does the money come from?I can't be alone in wondering where these huge sums to bail the banks out come from.Over the last two days I have heard BBC correspondents ask Ms Yvette Cooper and Mr Brown exactly this question and they did not get a straight answer as far as I can tell.I think Ms Cooper mentioned "the market" when pushed - what does that mean? I believe Mr Peston is reported in his blog to talk about the "money managers" or some such. Are they really talking about the large investors that invest in the stock exchange ie pension fund managers.....our savings? It is one thing to spend our tax returns (bad enough) but another to spend our hard earned savings and pension money, that's the crown jewels.If this is correct shouldn't the public be made aware of this fact?Anyway what's wrong with the EMF or the Japanese banks? They bailed us out in the past, or are they asking too much in return? Their strings may be tighter than Mr Browns.Tell me I have got this all wrong... please! Thu 09 Oct 2008 18:45:27 GMT+1 Gillianian http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=71#comment28 Screamingmuldoon (24) I believe the number of bags allowed on board is more to do with the carrier than the airport. I was only allowed one when I flew from Birmingham recently.I was allowed to keep my shoes on as they were flat - anyone with heels had to take them off.I only fly occasionally - once a year if that (okay, twice if you count the return journey!) and my only gripe was having a 2-hour delay on the return flight. Thu 09 Oct 2008 18:44:18 GMT+1 Lady_Sue http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=69#comment27 (27) Big Sis: thankyou - don't think am cynic but think the poem very witty and hoped the bloggers would enjoy. Thu 09 Oct 2008 17:41:20 GMT+1 Big Sister http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=66#comment26 Lady Sue: I'd never taken you for a cynic! Thu 09 Oct 2008 17:30:52 GMT+1 U11204129 http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=64#comment25 1, 2, 3 and 16Now click here on my name to see the poem and the comment, suitably cleansed, I hope, immediately below the copy of this one. Thu 09 Oct 2008 17:30:13 GMT+1 Lady_Sue http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=61#comment24 My offering for national poetry day from a gifted, young Irish poet.Serotoninby Sean Godleyhave you heard?it has beenproven:it's hardfor a personto fall in lovewhilst takinganti-depressants.surprised me.when I read it.anti-depressantsraise you mood;make youfeel goodabout things:happy to be alive.i thought thatfalling in lovedid the sameand then i thoughtabout ita while longer,and started takinganti-depressants. Thu 09 Oct 2008 17:17:34 GMT+1 Screamingmuldoon http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=58#comment23 I have had the misfortune to use 4 UK airports in the last 2 weeks, including Stansted. I absolutely dispute the bloke talking about Stansted saying that people want to fly. Maybe they do. But this person doesn't want to use an airport ever again. The blinking security varies from airport to airport. One bag rule in Stansted and Derry but not in Belfast or Birmingham. Shoes off in Birmingham and Derry, but not in Belfast and every 5th person in Stansted. Lippy in your handbag ok everywhere except Belfast. Whatever pleasure there was in air travel, and it wasn't much at the best of times, it is going, going, gone. I'm not exactly a high flyer, but surely there is an impact on the economy if people say "Sod it, I'm not going if I have to fly." Thu 09 Oct 2008 16:52:55 GMT+1 Big Sister http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=56#comment22 I've just heard a new prediction from Nostrodamus:'I hereby predict that tomorrow's Glass Box will appear at 2.02 p.m.'Will he be right, I wonder? ;o) Thu 09 Oct 2008 16:39:26 GMT+1 Sid http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=53#comment21 Listening to John Andrew, I was struck by just how superficial the Conservatives' approach to this problem is. Remember George Osborne's idea of matching Council Tax reductions? Seems a bit thin to me. And David Cameron was talking about reducing tax on fuel when the prices go up - when the rest of the world has already realised that we aren't in a position to reduce taxes, and will probably have to put them up. Thu 09 Oct 2008 16:30:28 GMT+1 Big Sister http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=51#comment20 Dr. H: Are you saying: I have had a perfectly wonderful evening, but this wasn't it?Come on, Doc, cheer up! Thu 09 Oct 2008 16:25:31 GMT+1 Dr_Hackenbush http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=48#comment19 In separate news, please bring back Eddie or Paddyo. I just don't happen to like the approach of your other presenter. Thu 09 Oct 2008 16:22:10 GMT+1 justfloating http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=46#comment18 Same here: head Lice! Thu 09 Oct 2008 16:21:06 GMT+1 Dr_Hackenbush http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=43#comment17 "Peter has the headlice"?? Thu 09 Oct 2008 16:20:19 GMT+1 Dr_Hackenbush http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=41#comment16 "Peter has the headlice"?? Thu 09 Oct 2008 16:20:04 GMT+1 U11204129 http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=38#comment15 1,2,3So brief! In fact the post to the next thread down, here, has disappeared!Modded. And it contained the first poem of the blog for Nat. Po. Day, at that!!!.Never mind. It will appear as it was or edited.(It was frank about a PM HeadHitler. I think that's why.)Here you are, 700 million to date.The first sign of how we're going to pay for the trillion pound Brown Envelope to the banks.It's the amount the local authorities have given the Iceland bank that has shut up shop. So far.Kent County Council, £50mNottingham City Council, £42m Transport for London, £40mNorfolk County Council, £32.5mDorset County Council, Hertfordshire County Council, £28mBarnet Council, £27mSomerset County Council, £25mHillingdon Council, £20mWestminster City Council, £17mHertfordshire County Council, £17mBrent Council, £15mHavering Council, £12.5mCheltenham Council, £11mNorth Lincolnshire Council: Sutton Council, £5.5mBuckinghamshire County Council: Cornwall County Council, £5mPowys Council, £4mFlintshire Council, £3.7mRhondda Council, £3mIf ever economics was about pure ideology (false science), about narratives rather than truth ('the story we tell' is a phrase economists use to describe their theorising). about smoke and mirror, about wordy chat and 'a certain amount of arm waving, about just attempting to preserve hegemonyit is SURELY now.Robert Peston now argues that the real economy is our problem.But the evidence he reports is the direct effect of the Contractionists rhetoric. (See my blog posts)Mandelson as Euro Trade bloke was calling on the Indians and Chinese to stop being such cheap producers. So were the Yanks trade officials.A concommitant was the way, in Europe and America, patriotic importers of Chinese and Indian goods were asked to find sourcing elsewhere.The subprime crisis is months old.Industry output plans (and hence their imports) have been cut in response to the anticipated reduction in demand.So the falls in freight charges reflects that.To say these anticipations of recession are not to do with the credit crunch is obscurantist.The cause of both the credit crunch and the real downturn it causes, and what causes the direct cut backs, is just one thing.It is the Contractionist's strategy to wrest the economic initiative from China, India and Islamic oil, by causing a slump which 'will hurt them more than it hurts us.'Don't let the Contractionists grind you down. It is the WISH for SLUMP qua POLICY that is behind the real and monetary effects, both.To report only failures of economic mechanisms is to misreport.They happen, it's true. After all, the boom-bust of market systems (bubbles and bursts in finance, slumps and booms in the real econmoy) are BUILT INTO THEIR STRUCTUREConsequently replacing the market systems would be a great step forward.Our immediate problem and opportunity is that the Contractionists are bringing down the financial system. That is why we should not divert attention from it.When last I looked, Lodon and NY were down substantially.The opportunity to take the lot into public ownership is stioll there. (We could get our money back )The real downturns should be recognised as part of the Contractionist strategy, not something that happensin some abstract way in something called the Business Cycle. Or whatever.So, which bank is that is, was, and ever shall be, in trouble here, Robert?(I tell you Comrades, mass unemployment is on it's way back. We should take into public ownership every firm and industry as it fails. Starting with hte financial sector) Thu 09 Oct 2008 16:13:36 GMT+1 Big Sister http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=35#comment14 A frogger, while writing a postAbout poetry tried not to boastOf her good rhyming skillsAnd other marvelsSo she didn't, and lost out (almost) Thu 09 Oct 2008 15:51:57 GMT+1 mittfh http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=33#comment13 My linguistic skills aren't sufficiently developed to quickly churn out some verse (although Big Sis - composing on the hoof - surely that's more a TIH thing to do...).However, since we've had a few limericks, here's one I recall that's also a tongue twister:A tutor who tooted a flute,Was teaching two tooters to toot.Said the two to the tutor,"Is it harder to toot,"Or to tutor two tooters to toot?"Then, since all the shops are going Halloween crazy:She stood on the bridge at midnight.Her heart was all a-quivver.She gave a cough,A leg fell off,And floated down the river.Or, on a similar theme to the spelling poem I recalled yesterday:One fine day in the middle of the night,Two dead men got up to fight.Stood back to back and faced each other,Drew their swords and shot each other! Thu 09 Oct 2008 15:51:35 GMT+1 Sid http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=30#comment12 Dr Spooner also commended Kenneth Baker - the shining wit. Thu 09 Oct 2008 15:48:41 GMT+1 Chris Ghoti http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=28#comment11 A terrible tease is our SSCat;But even more scary than that,He will make use of rhymeWhen he's passing the timeWith showing the world where it's at. Thu 09 Oct 2008 15:37:11 GMT+1 The Stainless Steel Cat http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=25#comment10 Big Sister (9):Dr Spooner said, "Kelly and Sheets,"Wrote poems that were trarvellous meats,"Bloleridge and Cake,"Were Mable to ache,"Quite incredible fordsmithing wheats." Thu 09 Oct 2008 15:17:17 GMT+1 Thunderbird http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=23#comment9 Big Sis (9) You done very well to use the words knocks and locks without being very rude. Thu 09 Oct 2008 15:15:28 GMT+1 Big Sister http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=20#comment8 Oooh Cat, that's a good one.Okay, poetry competition time, is it?Why oh why oh whyDoes the Prime Minister not like to smileWhen the pound is okayKeeping monsters at bayAnd his people are carefree the whileHow oh how oh howDoes the Prime Minister give up his frownWhen the creditor knocksAnd the banks turn their locksHow fickle is our Mr. Brown?-----Okay, okay, it isn't Shelley or Keats, or even SSCat, but it was composed on the hoof (two minutes flat). Thu 09 Oct 2008 15:01:12 GMT+1 The Stainless Steel Cat http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=17#comment7 Gillianian (4):Bah, not as good as his work in The Scaffold. "Weeeeeeeeeeeee'll drink-a-drink-a-drink, to Lily The Pink, The Pink, The Pink..."Anyway, national Poetry Day, good reminder."While reporting on all the sad bankers..."...no..."With the economy taking more hits..."...no..."While the interest rates turned into a farce..."...no...You know, I somehow can't think of any rhymes for these limericks. One last try... (think of the accent while reading)"Now that Iceland's banks do not work,And promises have turned to just talk,It now seems a mistake,For the people to make,A treasury minister of Bjork." Thu 09 Oct 2008 14:50:39 GMT+1 TippyDoesDallas http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=15#comment6 Hello, I see plenty of comment about safes and gold. I guess it is a nice quirky story but wouldn't it also be good to focus on saving with ethical banks as an alternative to troubled mainstream banks?The returns are less but you can feel much more smug! Seriously though, banks like Triodos have got stronger during the credit (confidence?) crisis [disclaimer: I have no vested interest in Triodos other than saving with them and getting great smugness returns].Ta ta :-)PS, sorry about the username - a poor choice for a football predictor game... Thu 09 Oct 2008 14:48:07 GMT+1 Gillianian http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=12#comment5 Thanks Vyle - I'm not the only one here celebrating the day, then ;o) Thu 09 Oct 2008 14:40:30 GMT+1 vainly_here http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=10#comment4 Gillianian (4)Watch out. I've just been modded, and can only assume it's for quoting a Thomas Hood poem (November). Thu 09 Oct 2008 14:30:47 GMT+1 Gillianian http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=7#comment3 To celebrate National Poetry Day - Survivor by Roger McGoughEveryday, I think about dying.About disease, starvation,violence, terrorism, war,the end of the world.It helpskeep my mind off things. Thu 09 Oct 2008 14:26:52 GMT+1 U11204129 http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=5#comment2 TB, Desperate times, desparate measures, disparate methods. Thu 09 Oct 2008 13:42:55 GMT+1 Thunderbird http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=2#comment1 PML, it's not like you to be so concise Thu 09 Oct 2008 13:26:26 GMT+1 U11204129 http://www.bbc.co.uk/blogs/pm/2008/10/the_glass_box_17.shtml?page=0#comment0 Click on my name to read a comment probably better suited to here. Thu 09 Oct 2008 13:21:27 GMT+1