Andrew Marr suffers from corpus interruptus
The Andrew Marr show was on half hour early today because of the Great North Run. I found myself swearing and shouting at him because he has picked up the annoying habit of asking a question and continually interrupting his guests answers. Later he said "I don't want to interrupt", you could have fooled me!
I got the impression that George Osborne and Vince Cable were the two ugly sisters of the Cinderella Alistair Darling.
There was a new word to my ears that was often repeated on the programme, recapitalisation, I thought WTF?
Recapitalization
Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable.
Notes:
Companies often want to diversify their debt-to-equity ratio to improve liquidity.
A good example is when a company issues stock in order to buyback debt securities. By doing this, the company is also able to raise its stock price.
recapitalization
A change a company makes in the long-term financing mix it uses. For example, a firm may borrow long-term funds (that is, it may sell bonds) in order to acquire the money needed to repurchase a block of its outstanding stock. Because recapitalization will often affect the level and the volatility of earnings per share, it is of interest to stockholders. Recapitalization often occurs when a firm attempts to reorganize while in bankruptcy proceedings.
Upon seeing the following headline, the question came into my head, 'Does Gordon Brown need a hip replacement?'.
Mandelson: 'I'm joined at the hip with PM'
A mixture of law, politics, autobiography and humour. Once described as "The Devilish Advocate" (Guardian), I do have the ability to provoke a response. Sometimes it comes from someone who uses a thought process, and sometimes from jerks usually associated with the knee.
This'll come back and splatter over Brown.
ReplyDeletejailhouselawyer,
ReplyDeleteTaxpayers are reportedly paying heavy EU fines as a result of the government exceeding it's borrowings long before the financial collapse. This is in addition to British taxpayers being the highest contributors to the EU.
Labour's lack of financial regulation/management is the equivalent of a wreckless teenager running up massive debts for which parents have unwittingly been made liable as 'guarantors'.
Labour couldn't be trusted to run a p ... s up in a brewery. They'd need a vastly expensive quango, still get it wrong and lay the blame on others !
John,
ReplyDeleteKrishnan (C4) suffered 'aggressive interruptus' in a recent toe curling interview with David Cameron. The latter not only held his own, but displayed intellect, integrity and honesty in the process.
Re-capitalization in this case John means the banks have wasted all their money and are now asking the government for more to do the same thing with.
ReplyDeleteTo which the very nice Mr. Broon is saying "Yes".