As it’s BMR’s 1st anniversary this month, it seems only right to take a look back twelve months to see what was happening way back then.
Now as you may recall, a certain golfer had this time last year been exposed as something of a womaniser, and it was this very topic topic which inspired BMR’s first post, after a news piece in the FT and the paper’s editorial had been devoted to the world number 1’s indescretions.
Meanwhile, Dubai’s Debt Crisis broke the hearts of palm island shaped property speculators everywhere as the Emirate announced it would delay payment on its $23.8bn debt pile. One year on, and with the Irish sovereign crisis swallowing up all of this week’s airtime it’s helpful that newsdesks keep a calendar handy for these types of anniversary stories.
It seems difficult to imagine Gordon Brown was ever Prime Minister of this country but for the insurance industry and property owners at least Number 10 was keeping the topic of flooding in cumbria right at the top of the parliamentary agenda. Indeed, there has been no shortage of ‘one year on…’ coverage in the insurance trade media regarding the deluge at Cockermouth so I won’t add to the flow (Pun, oops, oh well).
There was no shortage of activity from City institutions either and one right at the core, The London Stock Exchange, was reporting some fairly underwhelming results and a drop in earnings of £50m in its Q3 figures. However this figure paled in comparison to Japanese investment bank Nomura’s £175m bang on the head from the FSA for a catalogue of serious failings in its risk management systems.
It took some time to figure out just what Google wanted me to ask it in order to get the news from this time last year – simply typing in the exact date did the trick in the end – but publishers beware; only the Daily Mail and Liverpool Echo brought back useful results on the search engine, saying ‘news from 25th November 2009’…
(BMR originally posted on blogger in Nov 2009, but moved to wordpress cos it looks nicer).