US destroyed by "Young" Europe

Sheer bulk precludes Lord Patel from such an active and fast moving game as golf, so he tends to support Mark Twain's (pic) view of golf that ..."it is a good walk spoilt".

He is however deliriously happy to record the 5th win in the last 6 series of the Ryder Cup and 4 straight wins in a row over the US golfing geriatrics - The youngest member of the US team , at 30 ..was Tiger Woods! Roll on Kentucky in 2 years time!

There is some quiet satisfaction also, that the £ closed up 0.5 of a cent on Friday at $1.905 and the Euro at $1.28.

For those interested in joining in the success, Paul Costelloe is selling the Signature brand for women's clothes who provided distinctive wear for the WAGS of the UK Ryder Cup players - who also make the Aer Lingus staff uniforms (described by the BBC as "tacky"), whose IPO price will be confirmed on 27th September and trading commences on October 2nd. No doubt Mr Leary of Ryanair (as Lord Patel has told him to) will make a bid within days... and change the uniform and management practices.

Interestingly of the net proceeeds of Euro 480, Euro120 will go to fund the pension fund defecit. Why anyone would buy this State owned, old rag bag of assets, ancient planes, routes, staff and underfunded Pension Fund , which narrowly avoided bankruptcy in 2001, is a mystery. Especially when their management's Neanderthal tactics to slim staff numbers were made known earlier this year.

LABOUR PARTY FINANCIAL PROBLEMS GROW

Perhaps the Labour Party (300 employees) who have a £6Mn Pension Fund defecit could try the same trick - it might introduce a level of democractic debate into the Party, hunkered down behind the "Wall of Steel" in Manchester this week.

Tony Blair must be anxious to jump ship as the £22Mn. of loans the Party has - £6 Mn. to the Co-operative Bank just down the road from GMEX will start being called in soon.

They won't be debating Trident replacements you can be sure , but expect some neat ideas of getting the tax payer to fund political parties to be raised.