Thursday, October 2, 2008

In tonight's programme

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THURSDAY 2ND OCTOBER 22.30 BST - BBC TWO
FROM GAVIN ESLER



Hello

My friend Lucy passed on this example of modern economics for your consideration:

If you had purchased £1000 of Northern Rock shares one year ago they would now be worth £4.95; with HBOS, earlier this week your £1000 would have been worth £16.50; £1000 invested in XL Leisure would now be worth less than £5; but if you bought £1000 worth of Tennents Lager one year ago, drank it all, then took the empty cans to an aluminium re-cycling plant, you would get £214. So based on the above statistics the best current investment advice is to drink heavily and re-cycle.

In tonight's programme:
The resignation of Sir Ian Blair at the Met. He said he didn't have the backing of the Mayor of London Boris Johnson and so he had to go. We'll have the latest.

What impact is the credit crunch and the political indecision in the United States having on the real economy? Our economics editor Paul Mason will be here and we'll be reporting from Main Street UK.

From Washington - we'll be looking ahead to the much-anticipated TV debate between the vice-presidential candidates in the US election, Sarah Palin and Joe Biden.

And finally...
A joke doing the rounds of the City this afternoon:
"What is the difference between a pigeon and a merchant banker?"
"A pigeon can still put a deposit on a Ferrari."

Newsnight is at 10.30pm on BBC2.

Gavin


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 LAST NIGHT'S HIGHLIGHT

Newsnight's Michael Crick asks Tory activists to rank Conservative party leaders since the Second World War.

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