An anonymous Daily Telegraph staffer has written to Roy Greenslade, expressing grave fears about the future of journalism. It features on his Guardian blog.

It mirrors what a number of my friends and former colleagues working on nationals and regionals are telling me. Essentially, core journalistic skills are being swept away in the quest for a new business model called ‘multimedia’.

Even the NCTJ is involved in “a wide-ranging online survey of journalism employers ... in a bid to discover the profession's future training needs.” But I bet this is likely to focus on technical skills rather than the core disciplines of researching, interviewing and writing.

Some employers are talking of removing the ‘sub-editing’ function – that part of the news machine that safeguards accuracy, quality of content, relevance to the reader, readability and correct use of English – even spelling.

No writer should ‘sub’ their own work or write their own headlines. That’s painfully evident from a quick read of a selection of ‘blogs’ – some very authoritative. (I’ll now pass this one on to my colleagues for their thoughts, as we routinely do.)

The London Stock Exchange was in turmoil yesterday after its IT system went down for most of the day. City traders were “incandescent with frustration” according to one commentator.

Share prices have been up and down like a monkey on a stick for months – OK, mainly down. Was anyone else really affected by yesterday’s non-event? Did anyone die?

Land Registry figures on house sale prices seem to be rather at odds with the surveys conducted by mortgage sellers such as Nationwide. The FT has picked this up and suggests that it is due to a ‘time lag’ effect.

The BBC has its own searchable access to the Land Registry survey, which is based on actual sale prices rather than mortgage approvals. A quick search on a Bristol postcode shows no falls in terraced house prices at all.

What’s going on? Is Bristol’s economy showing more resistance to the downturn or is the market skewed by a glut of pokey flats that can’t be shifted?