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Glaring gaffe on Aussie index lingers in view

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Lai See reports high-profile mistakes by rival media groups with great reluctance. Only the faultless and righteous may refer to the blunders of others in this business.

But may we point out, with only mild reluctance, a howler seen on CNBC yesterday; it must have had Australian stock market investors choking on their breakfasts - would you believe it, the main Aussie market index was down 3,000.5 points to just 30.1 points at 7am, Hong Kong time? There it was, all over our giant plasma TV screen.

We would not mention this at all, except the error stayed on our screen well into the breakfast session of Squark Box, a well known 'Tuark' show in TV. One wonders why no one in CNBC spotted the error earlier. Don't they watch their own show? Of course not, everyone is too busy creating it and the checking is left to alert viewers like Lai See.

Needless to day, punters began to breathe easier as the S&P/ASX 200 made its remarkable recovery for the day, rising by 2,977.1 CNBC points to close at 3,017.3. Whew!

Democratic gag: Democracy and the free flow of information go together like salt and pepper right? Not always if our experience yesterday with the Hong Kong Democratic Foundation is anything to go by.

Having received faxed notification in advance, a reporter was despatched to the Hong Kong Club to hear a luncheon speech by General Chamber of Commerce chairman Christopher Cheng Wai-chee which the foundation had organised.

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