Yesterday, HRH The Duke of York visited the Accelerator where we are based to find out more about what is happening in the Silicon Roundabout and also what was happening with enterprise opportunities for school and university leavers. It was a tremendous honour for him to come along, particularly after the event last year at Buckingham Palace hosted by Prince Andrew that I attended, and again it is another example of the work that the Royal Family does in encouraging business and enterprise in the United Kingdom. I think he was particularly pleased to see a few army officers involved in the crazy world of start ups!
This is from the Carbon Voyage blog.
From a mate …
It is a slow day in a damp little Irish town. The rain is beating down and the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit. On this particular day a rich German tourist is driving through the town, stops at the local hotel and lays a 100 euro note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night. The owner gives him some keys and, as soon as the visitor has walked upstairs, the hotelier grabs the 100 euro note and runs next door to pay his debt to the butcher. The butcher takes the 100 euro note and runs down the street to repay his debt to the pig farmer. The pig farmer takes the 100 euro note and heads off to pay his bill at the supplier of feed and fuel. The guy at the Farmers’ Co-op takes the 100 euro note and runs to pay his drinks bill at the pub. The publican slips the money along to the local prostitute drinking at the bar, who has also been facing hard times and has had to offer him “services” on credit. The hooker then rushes to the hotel and pays off her room bill to the hotel owner with the 100 euro note. The hotel proprietor then places the 100 euro note back on the counter so the rich traveller will not suspect anything. At that moment the traveller comes down the stairs, picks up the 100 euro note, states that the rooms are not satisfactory, pockets the money, and leaves town. No one produced anything. No one earned anything. However, the whole town is now out of debt and looking to the future with a lot more optimism. And that, Ladies and Gentlemen, is how the bailout package works.
And of course a post about the bailout would be incomplete without some good video satire!