Home > Banking Euro Crisis, Common Sense, Facebook, Financial Regulation, Greece, Hypocrisy, It's all about money, JP Morgan Chase, Madness, Ouch, Technology, The economy, This week, Why it's all gone horribly wrong? > May 2012, week number 21….what happened..#Liverpool #Chelsea #success #cpi #remote #gocompare #Facebook #banks #greece #renesas

May 2012, week number 21….what happened..#Liverpool #Chelsea #success #cpi #remote #gocompare #Facebook #banks #greece #renesas

Monday 21st

It’s a funny old game. After Saturday night’s victory against Bayern Munich, Roberto di Matteo is still not sure whether he will be named Chelsea manager. Just in case anyone missed it, under his caretaker managership Chelsea have won The Champions League final and the domestic FA Cup. Somewhat odd also, that Liverpool recently sacked their manager Kenny Dalglish, after he led them to a Carling Cup victory, an FA Cup final, ironically against Chelsea and a 8th place finish in The Premier League. So between them, di Matteo and Dalglish have won 3 cups and apparently they are both unemployed! High expectations indeed from the owners

Kenny Dalglish Soccer Manager

Kenny Dalglish Soccer Manager (Photo credit: Wikipedia)

or just plain stupid?

Tuesday 22nd

UK CPI has fallen from 3.5 to 3.0% in April. We are reliably informed that RPI is down too. For anyone who doesn’t know these two measures calculate inflation. Loosely this tells you whether you’ve got more spare cash at the end of the month. I can reliably inform the Office for National Statistics that both of these figures are meaningless and unrepresentative of REAL inflation, which is how much everyday spending on essential goods has increased. As Mark Twain wrote, “There are three kinds of lies: lies, damned lies and statistics.”

Wednesday 23rd

Television remote control

Eugene Polley, the man who invented the “remote control” died aged 96. The “remote” was originally invented to turn off the TV during long annoying commercials. Not much has changed then!

Thursday 24th

Facebook shares closed last night at $32, 15% lower that the recent IPO price. Pending lawsuits are alleging that price sensitive information was withheld by Zuckerberg, Morgan Stanley, Goldman Sachs and JP Morgan. The only surprise is that everyone’s surprised!


facebook (Photo credit: sitmonkeysupreme)

Friday 25th

Greece in still in the Euro, yawn. Renesas, the loss making Japanese microchip maker, is reportedly planning to raise 100B Yen (about $1.3bn) and cut 10,000 jobs.

Wow, 10,000 jobs…$1.3bn…….gulp

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