It was a huge pleasure and privilege on Tuesday of last week to chair the talk by Professor David (aka Danny) Blanchflower - the maverick on the Bank of England Monetary Policy Committee - to the David Hume Institute in Edinburgh.
Alf Young on Thursday: While Alistair Darling was offering big business participation in a new forum on the future for corporate taxation in the UK, Gordon Brown was urging Big Oil to plough a slice of burgeoning profits back into North Sea production.
Alf Young on Tuesday: The Grangemouth dispute has highlighted just how vulnerable we all are to disruption in any of the complex supply chains which bring us the daily necessities of life.
Predictably, John Swinney reached for the most reassuring numbers he could find when the cabinet secretary for - among many other things - sustainable growth commented yesterday on the latest GDP numbers.
YESTERDAY the Bank of England threw everything, with the possible exception of the Threadneedle Street kitchen sink, at the liquidity crisis currently turning global financial markets to treacle.
LAST November, when the global credit crunch was still, primarily, a simmering American problem over sub-prime mortgage alchemy, the top man at Citigroup, Chuck Prince, lost his job.
THE "Do Something" lobby, furiously urging the government and/or the Bank of England to do more to lubricate financial markets and fend off consequential damage to the real economy, will not garner much momentum from the latest pointers to economic activity and price inflation across Britain.
ACCORDING to Northern Rock, the severance terms offered to its former chief executive, Adam Applegarth, were "substantially less than the amount which he would otherwise have been due on termination of his employment with the company".
The full internal review into how effectively the Financial Services Authority supervised Northern Rock won't be made public until some time next month. However, the summary published yesterday just about says it all.
LAST Wednesday, Bear Stearns, with all the brass-knuckle arrogance with which it had always gone about its business, was still insisting its book value was around $84 a share.
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