Display:
Bloomberg: `Invisible Power' of London Money Exposed as Mayor Fights Back
"The taxpayer doesn't understand how critical the financial services industry is to them," Anstee, 51, said in an interview at his 252-year-old Mansion House residence opposite the Bank of England. "This absolutely overwhelming tide of negative attitudes has been brought about in taxpayers' minds."

[...]

"The bailout made the invisibles visible in a really disturbing way," said Glasman, 49, walking in front of the City's six century-old Guildhall a few streets  away from Mansion House. "This is the invisible heart of an invisible City that protects invisible earnings."

[...]

"That's what I'm promoting and that's what I'm defending," Anstee said in his Georgian palace, which is decorated with paintings by Dutch masters and plasterwork of cornucopias spilling coins and fruit.

[...]

Guests at the City banquet in Mansion House on Sept. 22 dined on smoked fish and filet of beef and Madeira syrup. They drank Chablis and Chateau Moulin a Vent wines and toasted Britain's financial services industry as well as the queen.

[...]

As head of the City of London Corporation, the area around St. Paul's Cathedral whose boundary is marked by dragon motifs and statues, lord mayors lead a local police force and travel 90 days a year to promote financial services. Anstee has visited the U.S., Dubai and Saudi Arabia and will travel to South Africa, India, China, Russia and other countries.

[...]

The City's focus on money has led to its local population dwindling to 9,000, while about 320,000 workers arrive each weekday. Uniquely in the U.K., companies as well as individuals vote for City representatives.

by nanne (zwaerdenmaecker@gmail.com) on Fri Mar 12th, 2010 at 05:26:09 PM EST
[ Parent ]
how much is a company vote worth compared to a pleb?
by njh on Fri Mar 12th, 2010 at 09:28:03 PM EST
[ Parent ]
Perhaps votes are weighted in proportion to the "voter's" net worth.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Mar 13th, 2010 at 12:58:43 AM EST
[ Parent ]
One dollar, one vote?
by njh on Sat Mar 13th, 2010 at 06:17:49 AM EST
[ Parent ]
Democracy™
by ThatBritGuy (thatbritguy (at) googlemail.com) on Sat Mar 13th, 2010 at 08:53:29 AM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Occasional Series