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Post by Deleted on Jul 1, 2019 12:52:35 GMT
The Times has been a depressing place since the year-long strike. If you don't know about the strike then Google is your friend.
Murdoch has proved himself to be an untrustworthy owner. But very "umble" for those who read Dickens.
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boundah
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Post by boundah on Jul 1, 2019 15:19:00 GMT
... The article is disappointing as it poorly researched and includes a number of factual inaccuracies. For example, it states we have facilitated £88m of loans, when in fact the number is £92m. It also claims 18 loans are non-performing, whereas in fact there are 5 non-performing projects. ... Getting the amount of loans facilitated 5% out is hardly a humdinger. And using the term 'non-performing' to include defaults is technically accurate as defaulted loans don't perform - I'm not sure the average reader would want a long explanation of the difference anyway. MT's point about confidentiality/transparency is nevertheless very valid and deserves a challenge.
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corto
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one-syllabistic
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Post by corto on Jul 1, 2019 16:02:39 GMT
The Times has been a depressing place since the year-long strike. If you don't know about the strike then Google is your friend.
Murdoch has proved himself to be an untrustworthy owner. But very "umble" for those who read Dickens.
I often found Dickens depressive Google is in his hut in the garden Murdoch? I thought king Arathorn got him.
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dorset
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Post by dorset on Jul 1, 2019 17:17:07 GMT
Agree with most of the above.
What is interesting is that where you have a real story - the Funding Circle share price collapse and the issues with the loan book - then the journalists are nowhere to be seen!
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p2pmark
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Post by p2pmark on Jul 1, 2019 18:05:28 GMT
... The article is disappointing as it poorly researched and includes a number of factual inaccuracies. For example, it states we have facilitated £88m of loans, when in fact the number is £92m. It also claims 18 loans are non-performing, whereas in fact there are 5 non-performing projects. ... ... And using the term 'non-performing' to include defaults is technically accurate as defaulted loans don't perform - I'm not sure the average reader would want a long explanation of the difference anyway. ... The Sunday times article states: "The company’s website showed that in June alone it posted 14 default notices on loan deals, and had a further 18 non-performing investments." I see no way in which that can be considered an accurate statement.
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cb25
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Post by cb25 on Jul 2, 2019 12:26:38 GMT
Agree with most of the above. What is interesting is that where you have a real story - the Funding Circle share price collapse and the issues with the loan book - then the journalists are nowhere to be seen! Telegraph article here today, which includes "Shares slumped 13.5pc in early trading on Tuesday to 141p. The stock had already been the fourth worst performer in the FTSE 350 in the first half of the year"
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corto
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Post by corto on Jul 2, 2019 12:55:28 GMT
That Telegraph article is basically a straight rewrite of the press release. You know, Journalists also go for the cheap bucks.
Let's see which loans pay back the next few months.
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thedog
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Post by thedog on Jul 2, 2019 12:56:20 GMT
Anything I ever read where I actually knew the facts has always been wrong .. I conclude that everything I read when I don't know thje facts is probably equally wrong. 'Fake news' is really hard to distinguish from the SNAFU sort that they have pumped out for years.
I have exactly the same experience. I have been involved in a few different industries, and I have never hardly ever been impressed by the coverage. I did know a few people who went into journalism - top firsts in English or Modern Languages and they arrive at Reuters to find that it spends 90% of its effort reporting financial news. Another started at a broadsheet to report international trade or science policy! Edit: On reflection a probable exception was Gillian Tett in the FT on some aspects of the financial crisis. I'd echo that logic - never seen a story I was involved in reported accurately so draw the same conclusions.
BTW GT's brother is a senior partner in debt restructuring at a magic-circle law firm so she's got deeper "real" connections than most journos just being used by PR and politicians to repeat their press releases.
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Post by brianac on Jul 5, 2019 20:13:51 GMT
I am not a money thing investor. But am surprised how much trust people have with their p2p provider over an established tabloid newspaper. Maybe pedantic, but surely Sunday Times isn't a tabloid. Last I looked it was a broadsheet. Brian. (Just catching up)
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averageguy
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Post by averageguy on Jul 5, 2019 20:36:57 GMT
I am not a money thing investor. But am surprised how much trust people have with their p2p provider over an established tabloid newspaper. Maybe pedantic, but surely Sunday Times isn't a tabloid. Last I looked it was a broadsheet. Brian. (Just catching up) Same stable as The Sun...and quite often acts like a tabloid imho
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Post by gravitykillz on Jul 6, 2019 18:29:59 GMT
Hope everything turns out well. I will return here around xmas to see if the faith was well deserved. I hope MT appreciates how loyal their users are. I would run like the wind if the media stated negative things about the platforms I am invested in.
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Post by notascooby on Jul 6, 2019 19:47:03 GMT
Well Sir Humphrey used to say "The people who run the country read The Times and their wives read The Mail".
But now he might say that they were "Very courageous Minister".
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