After four days hacking my way around the South course at El Rompido Golf, we're intent on tackling the less forgiving North Course this afternoon. In order to acquire the right degree of relaxation and mansuetude, I've bought yesterday's Telegraph, in search of something to blog about.
Much interested in the article about the UK Government's decision to sell our nuclear generation capacity to the French private sector. Oh, the irony of it. I wonder what assurances have been given about delivering speedy planning approvals. The dependence on French capitalists to fill our 'energy gap' is a direct consequence of the failure of the UK Government to face up to difficult decisions until its too late.
In another article we read of the same sort of failure in respect of how we are going to deal with waste. Some years ago, I came to the decision that there needed to be huge investment in incineration. A few years ago I used my annual 'overseas trip' allowance when I was an Assembly Member to go to Vienna, where all waste is incinerated - within the city. No-one bats an eyelid. But as with nuclear, the nettle will not be grasped until panic sets in. Perhaps it will be foreign capitalists that will come to our rescue again. Its all a bit like credit cards. If you spend the money, use the energy, create the waste, the bill will eventually have to be paid.
Anyway, the article that caught my eye most was in the business section - Laura Ashley reporting its half year profits - £4.5 million. This may not sound much, but its pretty damn good for LA. The shares increased by 24% to 18p. I remember when the shares where heading for 300p, and the company was taking over the world. Laura Ashley, will forever be associated with the little village of Carno, in the heart of Montgomeryshire, where the fairy story began. It was a very sad for the village when the factory was closed. Lying there, empty and desolated, it remains a constant reminder of good times gone. But LA is still hugely important to Montgomeryshire, with its huge Texplan opereation and mail order business located in Newtown. The sun is shining here in Spain. The financial gloom is something I observe in a detached sort of way on the television. Within this gloom its nice to read about a ray of business sunshine beaming down on Montgomeryshire.