Budget 2010 in Graphics

Here. From the Treasury website.

Money makes you happy (if your friends have less)

What they said when I was a teenager. Not.

Lie-in for teenagers has positive results

This is the story that unveils the true colours of the Tory attitude to public services.

They public will not be persuaded that it is the way to go. The Tories, even if they do win will never be able to implement it. It won't happen.

If Cameron wouldn't pretend he is something that he is not, he wouldn't have to suffer the indignity of these sorts of You Tube's.

“Someone once said ‘Show me a soldier who has made no mistakes and I’ll show you a soldier who has won no battles’.”

Gordon Brown in a speech @ Reuters HQ March 10 2010 when asked if he had regrets.

Andrew Sullivan posts 'The Death of Conservatism' here.

Quote from Warren Buffets annual letter to shareholder of Berkshire Hathaway INC:

It’s my job to keep Berkshire far away from such problems. Charlie and I believe that a CEO must not delegate risk control. It’s simply too important. At Berkshire, I both initiate and monitor every derivatives

contract on our books, with the exception of operations-related contracts at a few of our subsidiaries, such as MidAmerican, and the minor runoff contracts at General Re. If Berkshire ever gets in trouble, it will be my fault.

It will not be because of misjudgments made by a Risk Committee or Chief Risk Officer.

In my view a board of directors of a huge financial institution is derelict if it does not insist that its CEO bear full responsibility for risk control. If he’s incapable of handling that job, he should look for other employment. And if he fails at it – with the government thereupon required to step in with funds or guarantees – the financial consequences for him and his board should be severe. It has not been shareholders who have botched the operations of some of our country’s largest financial institutions. Yet they have borne the burden, with 90% or more of the value of their holdings wiped out in most cases of failure. Collectively, they have lost more than $500 billion in just the four largest financial fiascos of the last two years. To say these owners have been “bailed-out” is to make a mockery of the term. The CEOs and directors of the failed companies, however, have largely gone unscathed. Their fortunes may have been diminished by the disasters they oversaw, but they still live in grand style. It is the behavior of these CEOs and directors that needs to be changed: If their institutions and the country are harmed by their recklessness, they should pay a heavy price – one not reimbursable by the companies they’ve damaged nor by insurance. CEOs and, in many cases, directors have long benefitted from oversized financial carrots; some meaningful sticks now need to be part of their employment picture as well.

Vince Cable comments here.

I don't see any suggestions in his article for a better way of doing things.

Disappointing.