What ever happened to all of the Heroes? It’s all very well having superheroes saving children from being hit by cars and rescuing people form burning buildings but when was the last time a superhero propped up the economy? They’re quick to come running to the hot chicks having problems tying her laces but when Bear Stearns falls off a twenty storey building, they’re less keen. It’s time for them to get their priorities right or they might as well hang up their capes…   

Wednesday Reading

The FTSE 100 drops 2.6% as fears of recession hit markets and those with pensions are beginning to worry.

Not looking good for housebuilder Taylor Wimpey as they fail to secure deal to raise £500 million and shares in the company fell 49.7% on Tuesday.

Globally we are still pouring money into renewable energy sources as almost $150 billion was spent in 2007, despite markets crashing.

New car sales have reached a ten year low due to rising oil prices and a weak economy

However, General Motors claims its sales are slowing in China due to increased competition.

Marks and Spencers sack food chief Steve Esom and issue profit warning due to ‘market deterioration’.

Is a failure always bad?

Full statement from Taylor Wimpey – Live!

“Lloyd’s of London ‘names’ face bankrupty after court loss”

Starbucks raise number of branches being closed in US from 100 to 600 amid weak economy.

Carpetright owner, Lord Harris of Peckham expects this year to be among the most ‘challenging’ he has ever experienced 

Story of the Day

Christian site OneNewsNow’s ban on ‘G’ word sends homosexual to the olympics.  I don’t really know what to say about this story…It’s funny…That’s pretty much it, although i will say this that this article does make a large point about sending a homosexual to the olympics as if that itself is a laughing matter, which it clearly isn’t…not at all…not even one tiny bit…well, i mean…no, no it’s not funny. End of story…

I’m tired. I was rudely awoken this morning by a fox who was having difficulty trying to sell his home and on the verge of a communication breakdown with his wife, Mrs. Fox. The kids had left the den to achieve greater things whilst he was left with issues to solve: how to pay the mortgage, how to save for his pension and what to eat for supper. His problem, not mine. Until he starts barking outside my window. Seems like noone can avoid the credit crunch…

Tuesday Reading

Yahoo release PowerPoint presentation in attempt to win over shareholders, about what went wrong in the attempted Microsoft takeover although it will be disputed by some… 

Oil prices rise again, over a dollar, due to Iran and Israel tension.

FTSE starts week on a high as metal groups like Anglo American and Rio Tinto boom, despite ‘a spate of horrendous corporate news’.

The UK’s largest car dealer, Pendragon, has had to cut 500 jobs in the wake of poor sales.

UBS are planning to sell Paine Webber, its US wealth management to raise ‘a significant amount of cash’.

Germany seem to be resistant to stagflation as unemployment levels reach lowest in 16 year, just 7.8%.

Why did Bear Stearns collapse?

5 things to do whilst in a ‘financial panic’.

42000: The number of UK mortgage approvals, down to a fifteen year low.

Initial public offerings fall to lowest in 5 years as signs of an economic slowdown play on companies’ minds.

Four of the longest serving directors quit UBS leaving it poised for a shake-up.

Storms and floods damage crops in US leaving panic over bio-fuels.

Story Of The Day

HMV records full-year profits due to surge of buyers in video games. OK, this could be the reason, or it could be due to their extortianate prices. I made the mistake in buying The Best Of Blur, the other day at HMV. There was no mistake in my choice of record but the £15 i paid for it was. To my horror, 5 days later i walk into the Zavvi, formerly Virgin Megastore, in Piccadilly Circus, and spotted the same CD for just £6. I walked home in a huff having been charged 250% more. This is why people download musi illegally, spite.