Should be good for the wool Industry
Today’s Fin runs the headline “Investors bale as market mood darkens”.
I assumed this was a subeditor’s error, but a check around the internets suggests that “bale out” is common usage in British English, even though the only suggested etymology (from bailing out a boat) clearly requires “bail” (= bucket).
In other news, the Fin is cutting back its free online presence even further, replacing it with AFR Access, described as
a flexible investment research application that combines our news and analysis with a range of renowned information and data sources and adds rich tools and unprecedented search technology.
This is interesting, given that WSJ and (I think) FT seem, if anything, to be opening up a bit. It’s clear though, contrary to Guy Rundle’s suggestion a while back, that charging for content is going to remain a very minor part of the Internet economy.