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- The bad ideas show
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Last night, the BBC’s Newsnight discussed Marks and Spencer’s profit warning. The program produced an MP, a businessman and an advertiser, who were all shook up by M&S sudden recognition that things were not well in the high street. There was a collective sense of surprise that the retailer had a hard time shifting its overpriced ready meals and style-deficient clothing. Once the shock about M&S had worn off, the panel turned their attention to what the UK needed to avoid a serious downturn. The panel concluded that there was a danger that we could “talk ourselves into a recession.” It forcefully argued that the economy needed a series of “confidence building” measures to keep our spirits up. …
Original Source: ukhousebubble.blogspot.com
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3 July, 2008| housingblogs |
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