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273. The Euro looks like the ERM

On 16 September 1992 the EU gave up on the narrow band Exchange Rate Mechanism. Italy was forced out of the narrow bands. Spain, Portugal and others were also unable to hold their currencies against a strengthening DM.The Euro is the ERM it’s more difficult to get out of. The ERM still left countries free to set their own interest rates and budgets. They had to juggle their policies to try to keep confidence going in their currencies. The failure to do so was pretty comprehensive, as the market ganged up on currency after currency. The ERM was meant to be a dry run for the single currency. Instead it set it back. When they did go ahead they simply ignored the fact that several leading players in the Euro had been unable to remain stable against the DM in the ERM days.The ERM should have been a warning to the founders of the Euro. If markets could destroy a currency locking device, why did they think markets would leave a single currency untouched? They obviously forgot that the debt markets were still open. Investors and speculators can make their views known through the bond markets, just as they did through the currency markets for the ERM.I find it sad that some of us have had to spend so much time and effort trying to explain why the ERM would not work, and now trying to explain why the Euro cannot work in its current form. It’s bad enough having to do it once. Having to do it twice is worrying. What part of the ERM experience did they not understand?
URL: http://johnredwoodsdiary.com/2011/11/04/the-euro-looks-like-the-erm/ - 202KB - 10 Mar 2012
Excerpt: john major personal attack left out ed to give us his word of wisdom he...

274. Poll: Labour Lead Now Shrinks to Within Margin of Error

Ed Miliband's party has declined in popularity with the electorate over recent months, and today's poll will further cause concern that with Ed at the helm, the Labour Party is simply not resonating with Britons
URL: http://www.breitbart.com/Breitbart-London/2014/03/13/Labour-lead-just-2-percent - 57KB - 13 Mar 2014
Excerpt: error in today s yougov daily poll ed miliband s party has declined in...

275. Children just aren't going to know what sun is – Telegraph Blogs

There's a great piece by David Rose in the Mail On Sunday nicely summing up what a lot of us here knew already: that the thing we really need to fear right now is not global warming but global cooling. And that, on current evidence, it's global cooling we're going to get.The supposed ‘consensus’ on man-made global warming is facing an inconvenient challenge after the release of new temperature data showing the planet has not warmed for the past 15 years.The figures suggest that we could even be heading for a mini ice age to rival the 70-year temperature drop that saw frost fairs held on the Thames in the 17th Century.Based on readings from more than 30,000 measuring stations, the data was issued last week without fanfare by the Met Office and the University of East Anglia Climatic Research Unit. It confirms that the rising trend in world temperatures ended in 1997.Rose's piece comes hot on the heels of an op-ed in the Wall Street Journal signed by 16 distinguished scientists (proper ones: not "climate" "scientists") noting the continuing absence of ManBearPig:
URL: http://blogs.telegraph.co.uk/news/jamesdelingpole/100133247/children-just-arent-going-to-know-what-sun-is/ - 64KB - 30 Jan 2012
Excerpt: comes hot on the heels of an op ed in the wall street journal signed...

276. British Education: destroyed by Labour | Roger Helmer MEP

A recent newspaper headline reads: “Universities are filtering out the middle classes”. Ed Balls is master-minding an unprecedented social engineering campaign, driven by class envy and hatred, which is designed to undermine private education by creating barriers to tertiary education for privately educated students. The government has so intimidated the universities that many have declared they will not take note of the new “A Star” grade at A level, for fear of charges of “élitism”. If universities are not élitist and proud of it, one wonders what they are for at all.Ball’s plans for school place allocation by lottery had a similar effect, denying places in good schools to the very pupils who would most have benefited from them.
URL: http://rogerhelmermep.wordpress.com/2009/03/03/british-education-destroyed-by-labour/ - 62KB - 22 Jun 2012
Excerpt: out the middle classes 8221 a ed balls is master minding an...

277. Tory energy minister Michael Fallon hits back at Lib Dem Ed Davey's attack on 'diabolical' coalition partners

Michael Fallon spoke out after his Lib Dem boss Ed Davey used the floods crisis to launch an extraordinary attack on 'diabolical' and 'wilfully ignorant' Conservatives.
URL: http://www.dailymail.co.uk/news/article-2558577/Tory-energy-minister-Michael-Fallon-hits-Lib-Dem-Ed-Daveys-attack-diabolical-coalition-partners.html - 346KB - 13 Feb 2014
Excerpt: coalition partners energy secretary ed davey used floods crisis to launch...

278. George Osborne's revenge on the Labour Party will turn sour - Telegraph

The Chancellor’s plan to shift the blame for the Libor scandal will put Parliament on the rack.George Osborne is said to be cock-a-hoop about the Libor scandal. He is relishing the opportunity it provides to shaft Labour in general and Ed Balls in particular. Yet his rejoicing may be premature, since constitutional experts are predicting that the rush to an inquiry is going to prove a huge embarrassment for the Government.
URL: http://www.telegraph.co.uk/news/politics/georgeosborne/9375913/George-Osbornes-revenge-on-the-Labour-Party-will-turn-sour.html - 93KB - 04 Jul 2012
Excerpt: to shaft labour in general and ed balls in particular yet his...

279. Tory MP Damns Public Money for Maggie Death Dancers Conor Burns Calls for DCLG Investigation -...

What could possibly make the Thatcher t-shirts that have been causing the TUC so much grief this week even more offensive? Well the fact they are paid for out of the public purse registers pretty high on the scale. Mark Wallace has exposed the fact that the Derbyshire Unemployed Workers’ Centre who were selling the t-shirts are publicly funded organisation:“According to the DUWC 2011 Annual Report, their Chairman is Cllr Graham Baxter MBE, the Leader of North East Derbyshire Council… On page 8 of the same report, the “Fundraising” section lists money received from Bolsover District Council, North East Derbyshire District Council and Chesterfield Borough Council, as well as grants from no less than 11 County Councillors.”
URL: http://order-order.com/2012/09/12/tory-mp-damns-public-money-for-maggie-death-dancers/ - 162KB - 19 Sep 2012
Excerpt: one of the accursed undead reply 9 ed balls shallow chancer says...

280. Labour coup: The Ed Balls files database released - Telegraph

A database of 36 secret documents detailing the role played by the shadow chancellor Ed Balls in a plot to topple Tony Blair has been published by The Daily Telegraph.
URL: http://www.telegraph.co.uk/news/politics/labour/8566997/Labour-coup-The-Ed-Balls-files-database-released.html - 81KB - 10 Jun 2011
Excerpt: database labour labour coup balls files database released database 36...

281. Vocational education report author rejects Miliband's anti-Government attacks Left Watch

Ed Miliband has decided to make vocational education a key part of his conference speech this afternoon, judging by the coverage in the press this morning. He is attacking the Government, ostensibly for not doing enough to provide vocational opportunities to students - despite the fact the Government is taking action on the issue.Professor Wolf, a respected economist, has now released a statement which refutes Miliband's partisan attack, by praising Michael Gove's implementation of her report, and welcoming Miliband to the "emerging consensus" on education:
URL: http://conservativehome.blogs.com/leftwatch/2012/10/vocational-education-report-author-rejects-milibands-anti-government-attacks.html - 45KB - 02 Oct 2012
Excerpt: the era of bread rationing main ed miliband s speech nice delivery and...

282. Ignore the Spin: 56 Pubs Shut Per Week Under Labour - Guy Fawkes' blog

Labour MP Toby Perkins may well be simple, but that does not excuse his attempts to re-write history. The “Shadow Pubs Minister” has sent out a ham-fisted attack about the “great pub scandal”:“Labour is forcing a Parliamentary debate on backing local pubs, pressing the Government to act as research shows 26 pubs are closing every week. Too many pubs across Britain are closing their doors and we urgently need action but ministers are dragging their feet. Pubs are vital hubs in communities up and down the country.”Perkins, a renowned wally, has accused BIS of “dithering”. But lets just rewind a little…The real “great pub scandal” was that Labour did more to hamstring the pub industry than any other government.
URL: http://order-order.com/2014/01/09/ignore-the-spin-56-pubs-shut-per-week-under-labour/ - 257KB - 09 Jan 2014
Excerpt: 8221 david davis 2014 reply 105 ed miliband says january 9 2014 at 4...

283. Jesse Norman: Milton Friedman, Adam Smith and... Tim Worstall Conservative Home Columnists

Tim Worstall is a good man, despite a somewhat Antipodean approach to public debate. He has taken me to task with his usual shyness and charm for an article I wrote last week in the Telegraph about the duties of directors and the idea of stewardship. In his words, “With Jesse Norman as a Tory MP why bother having a Labour Party?”Tim’s standard operating procedure is (a) read something he doesn’t like, (b) reach for his shotgun, and (c) blow the end of his own foot off. Here’s a previous example, in relation to something I didn’t say last year about the House of Lords. Those of a tender disposition may wish to look elsewhere.
URL: http://conservativehome.blogs.com/thecolumnists/2013/07/from-jesse_norman-milton-friedman-adam-smithand-worstall.html - 31KB - 22 Jul 2013
Excerpt: of widgets tim doug and ed are in the final stages of...

284. Labour's landlord cap "could result in higher rental prices" | City A.M.

Ed Miliband's plan to cap rent increases has come in for sharp criticism in a report released today by the Institute of Economic Affairs (IEA).Instead of focusing on limiting what Labour has called an "excessive" increase in rents, policy makers should look to radically liberalise the planning system to allow for more private rented accommodation, the report argues.
URL: http://www.cityam.com/1410171771/labours-rent-cap-plan-slammed-free-market-think-tank - 182KB - 08 Sep 2014
Excerpt: bentley september 8 2014 11 38am ed miliband ed miliband ed miliband s...

285. Labour vows to boycott BBC after Newsnight's new editor brands frontbencher 'boring snoring' in Twitter gaffe just TWO WEEKS after joining from Guardian

Furious Labour party officials today demanded a public apology from the Newsnight editor Ian Katz who branded senior frontbencher Rachel Reeves 'boring snoring'.Mr Katz, who is only in his second week in the job, rushed out a formal apology after he himself was branded 'boring' for his slur against the shadow Treasury minister.As senior Labour figures vowed to boycott the programme in protest at the slur, Mr Katz was warned the Opposition's 'confidence in the impartiality and fairness' in the Corporation had been undermined.
URL: http://www.dailymail.co.uk/news/article-2416540/Newsnight-editor-Ian-Katz-apologises-branding-Labour-MP-Rachel-Reeves-boring-snoring-Twitter-gaffe.html - 244KB - 10 Sep 2013
Excerpt: deputy to shadow chancellor ed balls labour vice chairman michael...

286. BBC bias is getting worse – Trotsky would fit right in – Telegraph Blogs

How Left-wing do you have to be, do you think, before you’re beyond the pale at the BBC? Would open admiration for Mao be too extreme? I doubt it. St
URL: http://blogs.telegraph.co.uk/news/edwest/100079571/bbc-bias-is-getting-worse-trotsky-would-fit-right-in/ - 56KB - 26 Apr 2012
Excerpt: weird news blogs home news politics ed west ed west ed west is a...

287. How the BBC ganged up with the militant Left to attack Jeremy Clarkson – Telegraph Blogs

Yesterday, the BBC went totally bananas over the Jeremy Clarkson non-story. In twenty-five years of journalism I have never been so inundated with interview requests. First in was the BBC Radio 2 Jeremy Vine Show; then BBC Radio Ulster; then the Richard Bacon Show on Radio 5 Live; then Scotland Tonight and BBC Wales; then the World Tonight on BBC Radio 4; then Channel 4 news (which, though not strictly the BBC is very much part of the same problem I'm about to describe). Oh, and today I'm doing Radio 5 Live again, followed by BBC World News. What the hell is going on?I got my answer from a chance remark made by Jeremy Vine after our interview. He was telling me about the phone-in he'd done the day before during the public sector workers' strike and what had astonished him was the mood of the callers. If I remember what he said correctly, one of his studio guests was a nurse on a £40,000 PA salary, with a guaranteed £30,000 pension, and this had not gone down well with the mother-of-three from Northern Ireland struggling as a finance officer in the private sector on a salary of £14,000 and no pension to speak of. The callers were very much on the side of the private sector. In fact, they were on the whole absolutely apoplectic that privileged, relatively overpaid public sector workers with their gold-plated pensions should have the gall to go out on strike when the people who pay their salaries – private sector workers – have to go on slogging their guts out regardless.This, of course, was much the same point Clarkson made on the One Show, albeit more colourfully.
URL: http://blogs.telegraph.co.uk/news/jamesdelingpole/100121163/how-the-bbc-ganged-up-with-the-militant-left-to-attack-jeremy-clarkson/ - 64KB - 04 Jan 2012
Excerpt: really a labour government run by ed balls is the only option not only...

288. Conservatives attack Labour after wealthy donor gave party £1.65m in form of shares - to avoid paying tax | BBC News

Labour leader Ed Miliband says his party will pay tax on dividends it gets on a £1.65m shares donation - after claims it was designed to avoid tax.
URL: http://www.bbc.co.uk/news/uk-politics-22793181 - 81KB - 21 Jun 2013
Excerpt: not avoiding tax on shares donation ed miliband cash labour said it had...

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