BBC director general resigns over 'shoddy journalism'

Reuters/Reuters - BBC director general George Entwistle speaks to the members of the media after appearing before a Culture and Media Committee hearing at Parliament in London October 23, 2012. REUTERS/Andrew Winning

By Michael Holden | Reuters

LONDON (Reuters) - BBC Director General George Entwistle resigned on Saturday, just two months into the job, after the state-funded broadcaster put out a programme denounced by the corporation's chairman as shoddy journalism.

The BBC, reeling from revelations that one of its former stars was a pedophile, brought further problems on its head when a flagship news programme aired a mistaken allegation that a former senior politician
sexually abused children.

The BBC had already issued a full apology on Friday, but on Saturday its director general had to admit under questioning from his own journalists that he had not known in advance about the Newsnight report, weeks after being accused of being too hands-off over the previous scandal on the same programme.
Accepting Entwistle's resignation, BBC Trust chairman Lord Patten said: "This is undoubtedly one of the saddest evenings of my public life.

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BOUNTY Put Out From BRITISH Parliament Member for Obama and Bush

British Lord Nazir Ahmed put a £10 million ($16 million) bounty on both President Barack Obama and former President George W. Bush Friday, according to The Express Tribune, an English language Pakistani newspaper.

Nazir, who is of Pakistani heritage and a member of the British House of Lords, reportedly made the comments while at a reception in Haripur, a Pakistani city 4o miles north of Islamabad. Nazir told the audience that he was putting the bounty out for the capture of the American leaders in response to the bounty placed on Hafiz Muhammad Saeed by the United States.

“If the U.S. can announce a reward of $10 million for the captor of Hafiz Saeed, I can announce a bounty of 10 million pounds on President Obama and his predecessor George Bush,” Nazir reportedly said.

Saeed is widely believed to be the head of the Pakistani based terrorist group Lashkar-e-Taiba, which was responsible for the 2008 attacks in Mumbai, India that killed more than 160 innocents including six Americans. After the 2008 attacks, Saeed denied being connected to the terrorist group. In April, the U.S. government announced a $10 million reward for information leading to his capture in connection to the attacks.

According to The Express Tribune, Nazir said the bounty on Saeed was a grave insult to all Muslims and that he would sell his house if necessary to obtain the funds necessary to pay the bounty he placed on Obama and Bush.

The Pakistani report was brought to the attention of The Daily Caller by the Middle East Media Research Institute.

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Report: British Member of Parliament puts $16 million bounty on Obama, George W. Bush

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Economic Developments Around The Globe

By The Associated Press

A look at economic developments and activity in major stock markets around the world Thursday:
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BRUSSELS — Half the economies in the 17-nation eurozone are forecast to shrink this year, raising concerns that government austerity programs introduced to combat unsustainable debt levels are holding back growth.
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BERLIN — German business confidence has risen for the fourth consecutive month as Europe's biggest economy continues to outperform much of the rest of the debt-hobbled continent, a closely watched survey showed.
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BRUSSELS — The European Union is preparing regulations that will shut out Iran's banks from a major financial clearinghouse used by virtually every country in the world, a senior official said.
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LONDON — Markets were subdued as Greece pressed ahead with reforms demanded by its creditors in exchange for crucial bailout cash and as tensions rose in the Persian Gulf over Iran's nuclear program. Germany's DAX fell 0.5 percent while the CAC-40 in France was flat. The FTSE 100 index of leading British shares recovered from earlier losses to end 0.4 percent higher.
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TOKYO — In Asia, Hong Kong's Hang Seng dropped 0.8 percent and South Korea's Kospi lost 1 percent. But Japan's 225 Nikkei added 0.4 percent, its highest finish since Aug. 4, as the dollar traded near a seven-month high against the yen. That's a positive sign for Japan's powerhouse exporters, which have struggled amid a prolonged period of strength in the yen. In mainland China, the benchmark Shanghai Composite Index added 0.3 percent, its highest close in three months. The Shenzhen Composite Index advanced 0.5 percent.
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ATHENS, Greece — The Greek Parliament approved a massive bond swap that would wipe $142 billion off the country's privately-held debt, as new projections showed the economy will suffer the worst contraction in Europe this year.
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WARSAW, Poland — Poland's jobless rate rose to 13.2 percent in January from 12.5 percent the previous month, according to government statistics.

Devlin-Blind Faith BBC Radio 1's Live Lounge

All Rights Reserved 2011.

"Blind Faith"
(with Ed Sheeran, originally by Chase & Status)

I am a man with a heavy heart,
And I dare not tear the pages
Fighting with automatic self destruction
I...

It's a blind faith
A cruel waste
One bitter taste
So I know why I
can't fight this sweet
sen-sa-tion.

Listen, music that we play somehow gets glued to your brain
I'm the future when I'm in the booth done like I'm living in 3008
This music gave me a lane to ride in, but there ain't cars in the sky yet, so hold tight
Because I'm in flight like a plane with a lift of a light
You know why? Because I got cold bars hard like crowbars
You can't gamble with no cards
What d'you wanna call it then you get stung like a phone charge
Music mentally uses me like a sailor might use sonar
To find where the flows are, upon an ocean floor that's so dark

Sweet sensation
The music that we play
Will ease your mind
Sweet sensation
Listen, listen, the music that we play
Will ease your mind

My heart falls heavy, like a bankers belly
But when I'm writing songs, I'm happy like chunk when you got away from the Portellies
And there's a musical vibe that usually moves inside of my mind
Therefore I've got a fortune already, and I ain't even talking in pennies
So ride on, my faith is blind like a man who requires a guide dog
And life's wrong, but I stride on regardless of anything I am strong
I got all that I need in a mic and a beat to see how alive I can be
And I got sweet sensation inside of me, because my mind's at ease

I am a man with a heavy heart,
And I dare not tear the pages
Fighting with automatic self destruction
I...
It's a blind faith
A cruel waste
One bitter taste
So I know why I can't fight this sweet sensation

Listen, I wanna say rest in peace, for children murdered on U.K. streets
While the country wages a war, there's a war going on in our very own streets
And I say that life's too short to end up in a morgue or a court
So why not give music a thought and use it to glide like a hawk
Listen, we all get down in the dumps
But when they hear the melody and base line pump
I feel my heart rate jump through the roof and then I run loose on my tongue
Confer with Morpheus if you need proof I'm the one
Or I'll put my heart on the scales to prove that my cardiac muscle weighs more than a ton

Sweet sensation
The music that we play
Will ease your mind
Sweet sensation
Listen, listen, the music that we play
Will ease your mind

I am a man with a heavy heart,
And I dare not tear the pages
Fighting with automatic self destruction
It's a blind faith
A cruel waste
One bitter taste
So I know why I can't fight this sweet sensation.