Giles is a writer for the Times. Some consider him to be a good writer.
Giles got very very cross about the sub editors tweaking his copy. He’s a pro after all. Why should a lowly sub have the right to change what he’s written. Some may describe the following as an over reaction:
Many of you will have seen this article before. It’s been circulating around the internet for months and opinion seems to be divided as to whether he was right or not.
However, agree with him or not, below really sums up why the internet is such a wonderful thing.
As we experience the biggest stock market crash in recent history one company is bucking the trend. Campbells soup shares actually increased by 15%. The resons? Canny stock pickers think that consumers are going to start hoarding food in preparation for global meltdown. We advise all blokes to start hoarding.
Interesting and slightly scary times for every single one of us with a bank account. The US congress turning down The Presidents blank cheque approach has highlighted the moral crossroads we now find ourselves presented with.
We have all lived for a long time with the uncomfortable truth that there is a community of gilded folk in the City of London and Wall Street who make a lot of money out of gambling with our money. They don’t actually create anything tangible. As contributors to the human race they’re pretty low down on the scale. Is a man who digs out coal from a hole in the ground more useful than a banker who creates parcels of toxic financial loans and flogs them to other bankers? I think we all know the answer.
They take risks with our savings, our investments and in the good times with rising house prices and heaps of cheap credit we allow ourselves to forget that these people are living off us. Like those birds that peck off the mites on the backs of the buffalo in those wildlife documentaries sometimes we can see the benefit of putting up with a parasite if it benefits us.
And here is the dilemma. We took the cheap credit and went on holidays and bought lots of crap from the high street and some of us made a lot of money out of our houses.The governments made a lot of money from taxing their inflated earnings and taxing their successful companies. Only in the down turn are we suddenly up in arms about the bankers and their inflated wages. We should have been up in arms about this years ago.Collectively we’ve all turned a blind eye and now we’re going to suffer as a result.
Do we want to bail these people out? The answer is no. But if we don’t bail them out then we risk crippling ourselves financially. What would you do if your bank closed tomorrow? The prospect is truly horrifying. I’m glad this decision is being made by someone else.
