The World Has No Money, And The Emperor Has No Clothes
Front page / Business / Finance
14.05.2010 Source: Pravda.Ru
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Most of us are aware of the very old fairly tale by Hans Christian Andersen in which two weavers promise an emperor the finest suit of clothes imaginable, but from a fabric invisible to anyone who is unfit for his position or "just hopelessly stupid". Well, in the fairy tale it turns out that nobody wants to admit that they are "unfit" or "stupid", so when the emperor parades before his subjects in his imaginary new suit of clothes, it takes a child to cry out: "But he isn't wearing anything at all!" Well, many of us have been declaring that the world economy "has no clothes" for some time now, but when the anchor of NBC News declares it on national television it gets a bit more attention. During his recent appearance on The Late Show with David Letterman, NBC's Brian Williams was asked about the world financial situation. His answer included this shocking statement: "The world has no money, and the Emperor has no clothes."
http://english.pravda.ru/business/finance/14-05-2010/113375-emperor_clothes-0
New UK government urges BA strike deal
May 15, 2010 -- Updated 1200 GMT (2000 HKT)
BA cabin crew members plan to walk out for a total of 20 days in a dispute over pay and working conditions.
BA cabin crew members plan to walk out for a total of 20 days in a dispute over pay and working conditions.
STORY HIGHLIGHTS
* UK transport minister Philip Hammond to hold talks Monday with BA, union officials
* Cabin crews plan to stage four strikes between May 18 and June 9
* Hammond to "urge them to get back around negotiating table, reach a settlement"
* Airline says it aims to fly about 70 percent of its customers during first strike
RELATED TOPICS
* British Airways plc
* Willie Walsh
London, England (CNN) -- Britain's new transport secretary plans talks Monday with British Airways and the union representing its cabin crews to try to avert a series of four planned strikes.
Philip Hammond will be meeting each side separately "to urge them to get back around the negotiating table and reach a settlement," the Department for Transport said in a statement Saturday.
Monday is the scheduled start of the first strike, which is supposed to last through May 22. It is also the day BA plans to seeks a High Court injunction to stop the strikes.
BA cabin crew members plan to walk out for a total of 20 days in a long-running dispute with the airline over pay and working conditions. The crew members went on strike over the issues twice in March but have since failed to resolve the dispute with their employer.
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