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Richard Lambert: The lessons from the BBC scandal

From FT:

Mistakes happen, even in great news organisations like the BBC. If they are bad enough, heads will probably have to roll. But what matters much more than the bloodletting is that lessons should be learnt from what went wrong, so that the error is not repeated. In the case of the most recent Newsnight affair, there are three main conclusions to be drawn. Read more

The ‘bad kebab’ bites back: Greece is Europe’s hardest working country… according to the Greeks

And OECD data shows they do indeed work the longest hours in Europe

 

Greeks claim they are the hardest-working European nation, despite their ‘bad kebab’ economy.

In a poll of residents of eight of Europe’s leading nations, seven agreed that Germany is the hardest working country on the continent.

The exception was Greece, whose citizens claim they are Europe’s hardest workers.

Europe’s ‘hardest workers’… on strike: Protesters carrying the Greek flag try to storm [...]

Prince Alwaleed Sounds Warning…

Prince Alwaleed bin Talal, the second biggest shareholder in Rupert Murdoch‘s News Corporation, has revealed his frustration with the fallout from the News of the World phone-hacking scandal and admitted that it is harming the reputation of the company overall, not just its publishing interests.

Alwaleed is a nephew of Saudi Arabia’s King Abdullah, and, according to Forbes magazine, is the 29th wealthiest person in the world, with a fortune of $18bn (£11bn). [...]

Baltic Dry index, which reflects transportation requirements of finished goods for sale, often indicating real business activity and forwards demand, falls off a cliff to levels of the crash of 2008 again, BBC Newsnight graph:

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# newsnight chartporn Baltic Dry Index of world shipping trade dropped 50% last month. But look at 5 yr picture.

twitpic.com/8b3zye

SAUDI ALWALEED SAID ‘SHE MUST GO’

* Alwaleed says BkyB deal “not dead”

* Says Murdoch could make new offer in six months

(Adds quotes, background)

LONDON, July 14 (Reuters) – A major News Corp shareholder said on Thursday that News International Chief Executive Rebekah Brooks should quit because of a telephone hacking scandal that has engulfed the company.

 

“For sure she has to go, you bet she has to go,” Saudi billionaire Prince Alwaleed bin Talal told the [...]