Wednesday, 13 July 2011

Police on call - # 97/2011

The photo shows a London River Police boat streaking down river, blue lights and sirens wailing, past the 1980's Docklands apartments towards the distant towers of the mighty Canary Wharf finance district.

In the late '70s and early '80s the derelict docks of the old Port of London were developed into funky flats and "loft apartments" for City bankers. Rupert Murdoch busted the Printers' Union stranglehold on Fleet St. and moved to a brand new Dockland site, using modern computer technology in old dockland Wapping.  A little later the financial "Big Bang" lead to the construction of a gigantic addition to London's financial district in the Canary Wharf development, on more derelict dockland, about 3 miles away from the old City Square Mile 

The power of London as a world leading financial and news information hub was re-confirmed, and its might grew even stronger.

Move forward a few years - not so long after the flawed British politician, Gordon Brown, heralded the opening of Lehman Brothers offices in Canary Wharf the "toxic mortgages" crisis in America brought down Lehman's and triggered the current world financial crisis. Bankers were justifiably vilified, and now Rupert Murdoch's empire is under police investigation in Britain, America and Australia.  

30 years is a long, long time.

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