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[Nickbat]

I dunno. :-?

Can someone please explain the difference between these two stories, because it sure has me stumped.

The U.S. and the U.K. have moved “substantially” closer to losing their AAA credit ratings as the cost of servicing their debt rose, according to Moody’s Investors Service.

http://www.bloomberg.com/apps/news?pid=20601009&sid=a8c_1vtVGzD8

The credit ratings of major AAA governments, including the US and the UK, are well positioned, says Moody's Investors Services.

http://news.bbc.co.uk/1/hi/business/8567682.stm

It couldn't be that the BBC are putting a spin on the news. I mean, they wouldn't, would they? They're impartial.

[STMO999]

The BBC are probably not aware that the likes of you and I watch bloomberg, Nick. I have it on in the background for most of the day.
But surely the people in the know should expose this excuse for impartiallity. As with yesterday's post of the doctored picture of the cooling towers, this kind of reporting can only induce apathy in the general public.
Or perhaps that's the idea?

[Lizzie_Zoom]

Like always in the financial markets it depends on who you talk to, and the level of confidence they particularly have in any given situation, so it is hardly surprising there is a difference in these two reports.   Brown, Cameron and Glegg also have differing views on the financial situation and the need or not to reduce the deficit now.  It is a matter of opinion, educated or not.

We need spin upwards in this field as the reverse will produce a loss of confidence, that massive word of tremendous implication, across the world's financial markets which in the end hurts us the common people, yet again!!!.

Hurrah for the BBC for playing it up, and anyway they will be relying on their city analysis experts.  Let's not talk it alll down!

[STMO999]

Like always in the financial markets it depends on who you talk to, and the level of confidence they particularly have in any given situation, so it is hardly surprising there is a difference in these two reports.   Brown, Cameron and Glegg also have differing views on the financial situation and the need or not to reduce the deficit now.  It is a matter of opinion, educated or not.

We need spin upwards in this field as the reverse will produce a loss of confidence, that massive word of tremendous implication, across the world's financial markets which in the end hurts us the common people, yet again!!!.

Hurrah for the BBC for playing it up, and anyway they will be relying on their city analysis experts.  Let's not talk it alll down!

In this case, that's 'dangle berries'. Both reports quote exactly the same source.

I don't need spin up in any department, thank you. The truth will do just fine. And I don't think the financial markets will take much notice of the BBC's half baked attempts at financial reporting.

[Lizzie_Zoom]

Like always in the financial markets it depends on who you talk to, and the level of confidence they particularly have in any given situation, so it is hardly surprising there is a difference in these two reports.   Brown, Cameron and Glegg also have differing views on the financial situation and the need or not to reduce the deficit now.  It is a matter of opinion, educated or not.

We need spin upwards in this field as the reverse will produce a loss of confidence, that massive word of tremendous implication, across the world's financial markets which in the end hurts us the common people, yet again!!!.

Hurrah for the BBC for playing it up, and anyway they will be relying on their city analysis experts.  Let's not talk it alll down!

In this case, that's 'dangle berries'. Both reports quote exactly the same source.

I don't need spin up in any department, thank you. The truth will do just fine. And I don't think the financial markets will take much notice of the BBC's half baked attempts at financial reporting.

Trust you to come up with such a polite and respectful response....I don't think!

Same source, two different interpretations, right?!   

[STMO999]

Like always in the financial markets it depends on who you talk to, and the level of confidence they particularly have in any given situation, so it is hardly surprising there is a difference in these two reports.   Brown, Cameron and Glegg also have differing views on the financial situation and the need or not to reduce the deficit now.  It is a matter of opinion, educated or not.

We need spin upwards in this field as the reverse will produce a loss of confidence, that massive word of tremendous implication, across the world's financial markets which in the end hurts us the common people, yet again!!!.

Hurrah for the BBC for playing it up, and anyway they will be relying on their city analysis experts.  Let's not talk it alll down!

In this case, that's 'dangle berries'. Both reports quote exactly the same source.

I don't need spin up in any department, thank you. The truth will do just fine. And I don't think the financial markets will take much notice of the BBC's half baked attempts at financial reporting.

Trust you to come up with such a polite and respectful response....I don't think!

Same souce, two different interuptations, right?!   

Should that be interruptions or interpretations.

As for politeness and respect, bullshit doesn't deserve them.

[Lizzie_Zoom]

Like always in the financial markets it depends on who you talk to, and the level of confidence they particularly have in any given situation, so it is hardly surprising there is a difference in these two reports.   Brown, Cameron and Glegg also have differing views on the financial situation and the need or not to reduce the deficit now.  It is a matter of opinion, educated or not.

We need spin upwards in this field as the reverse will produce a loss of confidence, that massive word of tremendous implication, across the world's financial markets which in the end hurts us the common people, yet again!!!.

Hurrah for the BBC for playing it up, and anyway they will be relying on their city analysis experts.  Let's not talk it alll down!

In this case, that's 'dangle berries'. Both reports quote exactly the same source.

I don't need spin up in any department, thank you. The truth will do just fine. And I don't think the financial markets will take much notice of the BBC's half baked attempts at financial reporting.

Trust you to come up with such a polite and respectful response....I don't think!

Same souce, two different interuptations, right?!   

Should that be interruptions or interpretations.

As for politeness and respect, bullshit doesn't deserve them.

Read my post again!!

As for your other comment, here we go again!  Everyone has different points of view and I am sure that you or anyone else on this forum do not know everything.  If you cannot engage in a polite and considerate debate on here then you should refrain from posting.  This has been bought to your attention before, as has the wording under your avatar!

You obviously enjoy bully tactics with rudeness, which not only greatly devalues your argument but you as a person as well.

Please do not do this again to me please!!!

[STMO999]

Like always in the financial markets it depends on who you talk to, and the level of confidence they particularly have in any given situation, so it is hardly surprising there is a difference in these two reports.   Brown, Cameron and Glegg also have differing views on the financial situation and the need or not to reduce the deficit now.  It is a matter of opinion, educated or not.

We need spin upwards in this field as the reverse will produce a loss of confidence, that massive word of tremendous implication, across the world's financial markets which in the end hurts us the common people, yet again!!!.

Hurrah for the BBC for playing it up, and anyway they will be relying on their city analysis experts.  Let's not talk it alll down!

In this case, that's 'dangle berries'. Both reports quote exactly the same source.

I don't need spin up in any department, thank you. The truth will do just fine. And I don't think the financial markets will take much notice of the BBC's half baked attempts at financial reporting.

Trust you to come up with such a polite and respectful response....I don't think!

Same souce, two different interuptations, right?!   

Should that be interruptions or interpretations.

As for politeness and respect, bullshit doesn't deserve them.

Read my post again!!

As for your other comment, here we go again!  Everyone has different points of view and I am sure that you or anyone else on this forum do not know everything.  If you cannot engage in a polite and considerate debate on here then you should refrain from posting.  This has been bought to your attention before, as has the wording under your avatar!

You obviously enjoy bully tactics with rudeness, which not only greatly devalues your argument but you as a person as well.

Please do not do this again to me please!!!

You are obviously not a person of your word, as you promised faithfully that you would only post again if it pertained to car maintenance or repairs. Oh well. As for you telling me not to post if I cannot be polite, eff off, and as for it being brought to my attention in the past, that was only by you, and that doesn't count.

[hotel21]

This is a thread about spin by the BBC.  It would be beneficial if this thread could be held somewhat closer to this core, rather than allowing it to degenerate into 'handbags at dusk' between some of the posters.

Again....... 

ta..... 

[tunnie]

terribly sorry old boy, I am a little tired, terribly sorry old boy, I am a little tired, terribly sorry old boy, I am a little tired 

[STMO999]

terribly sorry old boy, I am a little tired, terribly sorry old boy, I am a little tired, terribly sorry old boy, I am a little tired 

Tired, student? You wanna get to bed instead of playing with your computer all night.

[STMO999]

This is a thread about spin by the BBC.  It would be beneficial if this thread could be held somewhat closer to this core, rather than allowing it to degenerate into 'handbags at dusk' between some of the posters.

Again....... 

ta..... 

I don't have a handbag, Broocie, I've got a great big sack.

[Nickbat]

The important point is that when debt servicing costs more than 10% of its revenue, a country automatically loses its AAA rating. It is, in the opinion of Bloomberg, becoming increasingly likely that the UK will reach this level, under certain scenarios, in the next 2-3 years. 

What I find odd is that the BBC seems to be playing down the extent of our debt. I also find it odd that Elizabeth doesn't perhaps smell the whiff of a pro-government "everything is just rosy" stance. I would guess that the Conservatives would rather the true extent of our debt is revealed in order that they may say "GB has borrowed too much, vote for us to put it right".

Some political bloggers hint that the BBC is hoping for GB to be re-elected and this spinning may be indicative of that.

Indeed you may think that, but I couldn't possibly comment. 
 

[Chris_H]

Both reports claim to be based on the Moody Investor Services report just out (have to be a member to read it apparently).  However, the Bloomberg headline is taken from a telephone interview so I suspect the difference originates at MIS (and Mr Cailleteau in particular).

I can't see any justification for pinning the differences on the BBC.  They have reported someone else's conclusions.

[Lizzie_Zoom]

The important point is that when debt servicing costs more than 10% of its revenue, a country automatically loses its AAA rating. It is, in the opinion of Bloomberg, becoming increasingly likely that the UK will reach this level, under certain scenarios, in the next 2-3 years. 

What I find odd is that the BBC seems to be playing down the extent of our debt. I also find it odd that Elizabeth doesn't perhaps smell the whiff of a pro-government "everything is just rosy" stance. I would guess that the Conservatives would rather the true extent of our debt is revealed in order that they may say "GB has borrowed too much, vote for us to put it right".

Some political bloggers hint that the BBC is hoping for GB to be re-elected and this spinning may be indicative of that.

Indeed you may think that, but I couldn't possibly comment. 
 

You may be absolutely right on that one, but my point was that this could be an instance where the greater good must play its part.

I remember many different individuals were complaining how the media played up the financial crisis and made already grave matters so much worse for the financial markets.  What is wrong this time in the BBC playing the tune that it is not as bad as it seems if that is what the financial City experts it consults with are, as a majority, stating. 

Yes, as a Conservative I believe Gordon Brown is dressing up a continuing grave situation, but at the same time I want the politics of the financial markets to play their part in being optimistic so we don't go completely down the pan before the new Conservative government, or hung Parliament, get to grips with the situation and finally work on the ultimate solution, as painful as that will be.

Oh believe me Nick, I am far from believing everything is Rosy in the UK garden, but I am prepared to accept that political life is never black or white but is usually very grey!
Not everything is bad, but neither is everything good.

God willing a Conservative Government will sort the situation out as Thatcher's did after 1979.