Opinionomics | 18 April 2012

Must-read comment and analysis. Britain in the slow lane, youth unemployment speeding up, and Argent

1. Feed me, Seymour (Economist)

The Economist covers the YPF seizure, writing that:

First they came for the pensions, then they went for the central-bank reserves. Argentines have wondered for years which kitty Cristina Fernández, the president, would grab next in order to satisfy her government’s voracious appetite for cash.

2. High youth unemployment must be tackled, and fast (Guardian)

Jonathan Portes points out that youth unemployment remains high, and is still growing. It hasn't been this bad for a quarter of a century, but what is to be done?

3. IMF predicts modest growth as Europe starts to exit recession (Washington Post)

Howard Schneider reports on the good news from the IMF World Economic Outlook.

4. Economic update – April 2012: Coalition failures put Britain in the slow lane (Left Foot Forward)

Tony Dolphin presents his monthly overview of the economic situation.

5. Vodafone, C&WW, and a £5bn tax question (BBC News)

"A behind-the-scenes battle to acquire Cable & Wireless Worldwide, owner of one of the UK's largest fibre-optic cable networks, is coming to a head," writes Robert Peston. "What is striking about Cable & Wireless is that it pays very little tax thanks largely to massive capital allowances it generated in constructing its telecoms network. . . So there is an opportunity for both Tata Communications and Vodafone to reduce their UK bill for corporation tax by buying Cable & Wireless."

Protesters perform a skit during a tax day demonstration in New York City. Credit: Getty

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

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Tim Farron is being unfairly maligned for inviting us to smell his spaniel

The truth behind “smell my spaniel”.

Out on the campaign trail in Cambridge, the Lib Dem leader Tim Farron was caught inexplicably inviting voters to “smell my spaniel”.

Here is the shock footage:

“Smell my spaniel, maybe, maybe… oh, how are you? Good to see you!” he said, while the top political journalists of the nation scratched their heads. “A new Lib Dem slogan?” asked the BBC. The “catchphrase of the general election” declared the Telegraph. A new, surprisingly progressive “theological pronouncement”, was this mole’s first thought.

And he has, of course, been ridiculed online:

But no.

Look closer.

What’s going on is clear. Farron is not inviting voters to sniff his spaniel at all; he is addressing a dog. One of the activists in the huddle he is speaking to is holding a little dog wearing a Liberal Democrat rosette:

And here is said dog with Farron:

Farron is clearly being sniffed by the dog, because he is carrying the smell of his own dog, Jasper the spaniel.

Was Farron actually commenting that the little Lib Dem pooch was sniffing its party leader because he smelt like another dog? In these uncertain times of fake news and eroding trust, let’s get our spaniel sniffing story straight.

I'm a mole, innit.

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