October 24, 1929 vs 24th October 2008

Don't want to worry you but back on the 24th October 1929 the Wall Street crash started. Are we looking at this again?

October 24, 1929: start of Wall Street crash - Telegraph

BBC says "Downturn" ends £1bn plant project in Scotland

The "Downturn" is apparently responsible for the end of plans to build a £1bn wood processing plant that could have created thousands of jobs. Note the BBC statement it was the "Downturn", not the Recession.

Forscot said it had decided not to proceed with its proposals for a paper, pulp and energy plant at Invergordon due to a lack of funding.The company said there was also little chance of attracting investment in the current economic climate.

This is a sad end to a project which would have provided much needed employment in this area.

BBC NEWS | Scotland | Downturn ends £1bn plant project

Not the R word page - BBC Mandied

As I said a couple of days ago the BBC has been Mandied and we are now in a "Downturn".

Need I say more.

By the way Sterling down 6 cents to day. FTSE down 6% and GDP down 0.5%. No more "Boom and Bust"

BBC NEWS | Special Reports | downturn

Wot - No R word here says BBC

Sister Moonshine from the album Challenge, What Challenge by Supertramp.
I would have used The Meaning but I can't find a decent video of it

Mandy and that nice Mr Campbell must have on the blower to their old pals at the BBC to explain to them that the R word is forbidden. There is no R word and they must not use the R word. They will have explained that under Labour the R word it is not a R word but a "downturn", this is because as we know under Brown there is no possibility of "Boom and Bust". Also they are now turning a Crisis into a "Challenge". So officially for the BBC Friday when the latest figures appear it it will be a Downturn day rather than a R word Day. Will it also be D-Day for Brown.

As Matthew Parris says in the Times

Corporate challenge

Crisis? What crisis? I'm looking forward to catching out BBC newscasters and editors using that word. From tomorrow there is to be a corporation-wide ban on broadcast references to any “economic crisis” when discussing what our Government might prefer to call the “global financial challenge”. In place of “crisis” BBC staff have apparently been instructed to say “downturn” - the same word, incidentally, that Cabinet ministers are pointedly employing in place of “recession” or even “coming recession”. Friday is D (for Downturn) Day in corporation-speak.

Move along now no bias at the BBC.

Now that we've come to the crunch... | Matthew Parris - Times Online