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'