The Curse of Coleman

Just to show you the kind of competition Stevie is up against (source Wikipedia):

Colemanballs is a term used to describe a variety of types of gaffes perpetrated by media commentators.

The name was coined by Private Eye magazine and is derived from that of the BBC sports commentator, David Coleman. An example of the great man's work in this field is the classic "And here's Moses Kiptanui—the 19 year old Kenyan, who turned 20 a few weeks ago." He also once remarked "Don't tell those coming in the result of that fantastic match, but let's have another look at Italy's winning goal..."

And here's a gem from this week's selection:

"... all of this left the referee costing us more than what we should have got."

SAM ALLARDYCE

Radio 5 Live

source http://www.private-eye.co.uk/index.php?

Stan the (Dundalk) Man

The Dynamic Duo...Steve and Sir Bobby. Steve has already given an inkling of his potential in the Colemanballs stakes: "we won't play a passing game for the sake of a passing game's sake".
Good on you Stan..cum awn de tawin.

Strategia 02

Iran Situation Update

Isn't it ironic....Iranian born Israeli defence minister warns Iran over its nuclear 'research' work hinting at Israeli willingness to undertake military action to ensure Israel remains Middle East's only Nuclear Club member.

General Shaikh Mohammed Bin Zayed Al Nahyan Abu Dhabi Crown Prince and Supreme Commander of Armed Forces of UAE expressed concern while visiting France: "Any nuclear programme will pose a threat to the Gulf region".

NPLs - Non Performing Loans

Dr Mahathir Mohammed former Prime Minister of Malaysia often liked to label George Soros as the man who caused the great Asian economic meltdown of 1997 with his currency speculation. Debating Papa Doc's Weltanschauung theories is like trying to argue with your deaf grandmother. What Doc didn't mention, but what his policies for getting Malaysia out of the mess of '97 included, was the need for firm action on dealing with NPLs. The NPL millstone was what almost destroyed Malaysia - NPLs don't really seem to matter too much when the bull is snorting and bubble and boom are the order of the day. When things slow however, NPLs are very bad news for banks. Through the Danaharta company, the Malaysian government took decisive and ultimately effective action to deal with the NPL problem and rehabilitate Malaysia's financial sector.

UAE's banking sector has become increasingly concerned about NPLs and more prudent as a result. The next step is a comprehensive national credit bureau/agency system insh'allah. With this kind of pre-emptive action the NPL variable need not drag the economy down.

Strategia

Looking ahead...one person's view of developments in the region, in particular the growing tension over Iran's nuclear programme. It doesn't make for comfortable reading. You may also want to question the writer's political agenda. The article was used as the basis for a piece in last Friday's Khaleej Times weekly magazine.
US Action Against Iran?

2005 - Dubai's economy
My synopsis -

The 'upside'
property boom
increased oil revenues
strong liquidity
bull market

The 'downside'
increasing cost of living
higher corporate costs
more NPLs (non-performing loans)
reduced competitiveness

For the meat....check the National Bank of Dubai's "UAE Focus".




Iran Situation Update

Isn't it ironic....Iranian born Israeli defence minister warns Iran over its nuclear 'research' work hinting at Israeli willingness to undertake military action to ensure Israel remains Middle East's only Nuclear Club member.

General Shaikh Mohammed Bin Zayed Al Nahyan Abu Dhabi Crown Prince and Supreme Commander of Armed Forces of UAE expressed concern while visiting France: "Any nuclear programme will pose a threat to the Gulf region".

NPLs - Non Performing Loans

Dr Mahathir Mohammed former Prime Minister of Malaysia often liked to label George Soros as the man who caused the great Asian economic meltdown of 1997 with his currency speculation. Debating Papa Doc's Weltanschauung theories is like trying to argue with your deaf grandmother. What Doc didn't mention, but what his policies for getting Malaysia out of the mess of '97 included, was the need for firm action on dealing with NPLs. The NPL millstone was what almost destroyed Malaysia - NPLs don't really seem to matter too much when the bull is snorting and bubble and boom are the order of the day. When things slow however, NPLs are very bad news for banks. Through the Danaharta company, the Malaysian government took decisive and ultimately effective action to deal with the NPL problem and rehabilitate Malaysia's financial sector.

UAE's banking sector has become increasingly concerned about NPLs and more prudent as a result. The next step is a comprehensive national credit bureau/agency system insh'allah. With this kind of pre-emptive action the NPL variable need not drag the economy down.