Saturday - More Dramatic Developments

Arrests for Hacking – Sun Journalists Cacking

Breaking News  (via BBC News - Dramatic report from BBC which was the second most important  story of the day) 

It seems that one Liverpool player has refused to shake hands with one of the Man U players. The BBC Sports Correspondent warned us that this world-shattering non-incident  ‘is a story that will run and run’.  Big surprise. 

TV News - What's been happening in the UK

News.....
John Terry......John Terry........John Terry........John Terry........John Terry........John Terry........John Terry........John Terry........John Terry........John Terry........John Terry........John Terry........John Terry........

Fabio Capello....Fabio Capello....Fabio Capello....Fabio Capello....Fabio Capello....Fabio Capello....Fabio Capello....Fabio Capello....Fabio Capello....Fabio Capello....Fabio Capello....Fabio Capello....Fabio Capello....Fabio Capello....Fabio Capello....Fabio Capello....Fabio Capello....Harry Redknapp.......Harry Redknapp.......Harry Redknapp.......Harry Redknapp.......Harry Redknapp.......Harry Redknapp.......Harry Redknapp.......Harry Redknapp.......Harry Redknapp.......Harry Redknapp.......Harry Redknapp.......Harry Redknapp.......Harry Redknapp.......Harry Redknapp.......Harry Redknapp.......Harry Redknapp.......Harry Redknapp.......Harry Redknapp.......

QE and the Bank of England

The Bank of England is in the process of injecting another £50bn into the economy by simply printing more money. This brings the total amount created ‘out of thin air’ up to £335bn. The way they do this  (Quantitative Easing) is to buy assets - usually financial assets such as government and corporate bonds. In other words they pass it on to the bankers with the hope that it will trickle-down to small businesses and ordinary people. For some reason this doesn’t always work. While banks get richer we get poorer.  Someone has said it would do more to help the economy if the Bank of England fly over Britain throwing out sacks of £20 notes.