Economics and similar, for the sleep-deprived
A subtle change has been made to the comments links, so they no longer pop up. Does this in any way help with the problem about comments not appearing on permalinked posts, readers?
Update: seemingly not
Update: Oh yeah!
Monday, March 09, 2009
Parables of the crisis, once more
Back in the days when the B+I Line sailed from Holyhead to Dun Laoghaire, the ferry crew occasionally used to go on strike. This was inconvenient from a financial point of view, and became steadily more difficult to organise during the 1980s, as various Thatcher-era union laws were brought in. But a tactic that was also used was the "work to rule".
Basically, when a work to rule was declared, the ferry crew would go through every single rule in the company rulebook and ensure that it was obeyed with meticulous precision. Since this was a ferry company, with a rulebook six inches thick, it meant that about two ferries sailed a day. Until the industrial dispute was settled, at which point everyone went back to normal, cutting the corners that it was always tacitly agreed that you'd cut.
Basically, since about half way through last year, the global financial system has been on a work to rule.
this item posted by the management 3/09/2009 10:01:00 AM