Naturally they have fucked it up from the start. This isn’t designed to be a card for some white middle class lass, oh no. This is a card specifically designed for someone with black skin, more than likely male, and with a name akin to Mohammed or Ishmael.
London Mayor Boris “Rupert” Johnson is considering building an artificial island in the Thames Estuary as an answer to overcrowding at Heathrow Airport.
A spokesperson for the mayor said Rupert “wants to undertake a study to establish the feasibility of the idea once and for all and is in the process of examining the best way to take the study forward.”
The previous proposal to build a new airport at Cliffe in Kent was rejected due to environmental concerns and the fact that the area is a major winter roost for seabirds the danger to aircraft taking off and landing was decided to be far too hazardous, and was even advised against by BAA.
Perhaps the idea of aircraft falling out of the sky onto the people of Sheppey rather than Cliffe isn’t so bad an idea, Cliffe is after all only just across the river from East Tilbury, and well Sheppey is Sheppey.
The US Federal Reserve bails out AIG with almost $100,000,000,000 as its stock value crumbles. But what has brought this giant of insurance down? The answer appears to be that the value of AIG’s investments known as Credit Default Swaps (CDS), apparently these are supposed to be a form of insurance policy (AIG’s business is insurance) against bad debt.
At the end of last year concerns were being expressed that the value of these insurances were grossly overestimated resulting in a write down of $4.88 billion.
It seems that not only was AIG’s insurance risk assessment lacking but their Crisis Management Services just wasn’t up to the job either.
Over the last couple of decades companies like AIG have charged huge fees, and paid themselves massive bonuses, for advising on, and selling derivative investments like Credit Default Swaps.
Today many suspect these derivatives are worthless.
Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
An occasional series charting the life and times of a London Mayor.
Don’t get me wrong I thoroughly dislike the Conservatives, which is why I am appalled that this pig’s arse of a Government has allowed them to start sounding OK.
Credits:
Gordon Brown by World Econonic Forum
Audio David Davis MP
You are currently browsing the archives for the government category.
