Con-Dem government sell Northern Rock at a loss

The incompetent Tory-led government have sold Northern Rock - the bank rescued by their predecessors during the credit crisis. The price at just £747 million is almost half the £1.4 billion invested by the taxpayer, though there is the possibility of a further £280 million. Angry? You should be.

Over thirty years, the Tories have repeatedly shown they have failed to learn from history and are doomed to repeat their own mistakes. In the same way they handed over Britain's utilities for the financial equivalent of peanuts in the 1980s and 1990s (those utilities that now change hands for billions, and charge their customers extortionate fees), they handed over the bank, almost at the first opportunity.

If a director of your company paid to acquire a struggling company, steadied the ship, then sold it for less than paid for it, would you have confidence in that director? No you would not. And I do not have faith in this government.

Chiles and Bleakley lose Daybreak gig

After some rather poor ratings for ITV's Daybreak, the finger of blame has finally been directed towards the overexposed presenting duo of Christine Bleakley and Adrian Chiles. It has been reported in the press that they have fallen on their swords and will no longer present the breakfast programme.

Christine Bleakley, I know little about outside of her television work but seems harmless enough. Chiles, the slightly grumpy person who used to present Match of the Day 2, has shown more than a glimpse of character on his own Sunday evening television programme.

The problem was never the duo themselves, but a combination of pay and height of expectation from the pairing. ITV paid them a fortune to present Daybreak, off the back of their work on The One Show. The lesson to be learned is that before paying people a small fortune to present a programme, check whether the programme they presented before is genuinely popular or only watched because there is little else worth watching at the time!

Sir Cliff Richard songs banned by new 60s radio station

He has sang on pop records spanning six decades, but there is no place for Sir Cliff Richard on a new 1960s radio station being spawned by Absolute Radio.

Quoted in the Daily Mail, presenter Pete Mitchell said: ‘His songs don't fit the cool sound of the swinging sixties we're trying to create on our new station'. In other words, his songs do not fit the conceptualisation of what is 'cool' by Absolute Radio.

For those who are new to Absolute Radio, here is a brief introduction. It is the current name for the former Virgin Radio, launched in the 1990s as an at-the-time much needed radio station to address the adult-oriented rock (AOR) much-neglected elsewhere on the radio.

The station already has 1980s and 1990s versions on digital radio. I listen to both sometimes, and they are good. The 1990s version does at times resemble a bad 1990s Britpop mixtape, with the inevitable top guns Blur, Oasis and Pulp, but also plays the work of many other acts caught up in the wave, some of which were awful.

All things considered, Sir Cliff is not typical of what Absolute will be playing to their target audience (expect lots of Beatles and Kinks). And I see no reason why such a big deal has been made out of the fact he will be among a number of singers who will not be finding their way on Absolute. So why make a big deal about it? The station launches on November 22nd. I will leave it at that.

Introducing Vulture Funds

Picture the scene: you are broke, you need money, you borrow money from someone who knows you cannot afford to pay it back, who then kindly sues you for 100 times what you borrowed. This BBC report explains the controversy of a character called Peter Grossman, who runs what the BBC describes as a 'vulture fund which buys up the debts of poor nations cheaply and then sues for 10 or 100 times what they paid for them'.

At a time when there is a global financial crisis, such a practice is a highly unappetising thought. It is also a reminder that while many people around the world suffer financially, there are people out there who are profiting from the misery of others.

Illegal in the UK, charities are calling for a block on Grossman's gross attempt to sue the DR Congo for £100m through a loophole that enables him to make the claim in Jersey.

And rightfully so.