Jeremy Warner: There goes another Murdoch lieutenant

Outlook Peter Chernin's resignation as chief operating officer at News Corp will come as no surprise to followers of Rupert Murdoch's far-flung media empire. Mr Chernin is only the latest in a long line of executives to realise that unless your last name is Murdoch, you are never going to get to be top dog.

Jeremy Warner: Ninety per cent mortgages courtesy of the taxpayer

Outlook: The debt overhang of the boom has to be removed before a proper recovery can begin

Jeremy Warner: In half-hearted defence of hedgies

Outlook: Hedgies are speculators – no more, no less – and a lot of them aren’t even particularly clever

Jeremy Warner: We don’t need this many car-makers. Get used to it

Outlook If there was no future for Saab under General Motors’ ownership, there certainly won’t be as an independent entity. It’s still possible that a reluctant Swedish government might be persuaded to add the company to Sweden’s growing list of publicly owned enterprises, but absent of nationalisation, it is hard to see how else Saab can stagger on, even as a much-reduced, restructured organisation. Saab owners swear by them, but the company that makes these distinctively styled marques has always been sub-scale and struggled to make a profit even in the good times.

Jeremy Warner: Commercial property takes a terrible bath

Outlook A couple of years ago, when it looked as if we were app-roaching the top of the cycle, I asked a number of property companies how they expected to cope in a downturn. Remember, many commercial property developers had been completely wiped out in the recession of the early 1990s.

Jeremy Warner: Watch out for bond yields as public debt spirals out of control

Outlook So maybe bumper City bonuses weren't such a bad idea after all. City bonuses, together with the soaraway profits that their sponsoring organisations once used to make, have been helping sustain the public finances for years. Now they are largely gone, and the public finances are looking sicker than at any time since the immediate aftermath of the Second World War.

Jeremy Warner: Crisis envelops eastern Europe

Outlook Eastern Europe is the latest shoe to drop in the credit crisis. It's been bubbling up for ages, but exploded fully into the open this week when Moody's warned that it might downgrade the credit ratings of Western banks active in eastern Europe and the former Soviet bloc. Austrian banks are particularly heavily exposed.

Jeremy Warner: Thanks Dave. That’s just what investors needed

Outlook To believe the way they are reported in published company accounts, there is no problem with pension fund deficits right now. Some of them are obviously whoppers, but across the piste, defined benefit pension schemes look to be marginally in surplus. Unfortunately, this is just a trick of the accounting light.

Jeremy Warner: Bank resorts to extreme solutions. Possibly lethal too

Outlook Quantitative easing (QE) here we come. QE is the fancy term for increasing the money supply, or turning on the presses and printing money. Nothing exactly like it has been tried before on these shores, but something similar has, and on virtually all occasions it has proved disastrous.

Jeremy Warner: L&G attempts to reassure on bonds

Outlook Tim Breedon, chief executive of Legal & General, hopes to put the lid on negative talk of rights issues and dividend cuts with yesterday’s statement on the group’s capital position. Has he succeeded? Precedent from the banking sector, where attempts to reassure have repeatedly been overtaken by events, would suggest not. With the mood in markets deeply bearish, analysts and investors seem unwilling to listen to the positive.

Jeremy Warner: In attacking deflation are we not just stoking inflation?

Outlook To believe the noise, we are already in a 1930s-style deflation. Yet inflation figures announced yesterday show that we are not there quite yet. To the contrary, consumer price inflation (CPI) was still a way above target 3 per cent last month, while even the retail prices index (RPI), which takes account of plummeting mortgage and housing costs, is still above zero, albeit only marginally.

Jeremy Warner: Japanese horror show reveals depths of the global slump

Outlook: The data just keeps on getting worse and worse. The 3.3 per cent reduction in GDP reported yesterday by Japan for the final quarter of last year is by far the largest economic contraction for any of the big developed nations announced so far, and dwarfs anything that Japan experienced during its infamous "lost decade" of growth during the 1990s.

Jeremy Warner: Lloyds only has itself to blame for HBOS misery

Outlook: Is the mess Lloyds TSB has got itself into by acquiring HBOS down to the Prime Minister? It suits the Opposition's agenda to argue as such, but it is a long way from the truth. The reality is that both Sir Victor Blank, the Lloyds TSB chairman, and his chief executive, Eric Daniels, were hot to trot.

Jeremy Warner: Rights issue queue just keeps building

Outlook: There are not many things about the credit crunch that hand on heart I can claim to have seen coming, but I did repeatedly warn about the idiocy of share buybacks and leveraged takeovers. These fashions were in fact two halves of the same coin – they were about replacing equity with debt in the mistaken belief this was a more "efficient" use of capital.

Jeremy Warner: Right way forward for Rio, or another Chinese takeaway?

Outlook In attempting to address its short-term financing needs, Rio Tinto seems to be selling its soul. With credit about as scarce as hen's teeth, lots of companies are facing a similar dilemma – sell choice assets for bottom-of-the-market prices, or go down.

News
Beyoncé found that exclusive can be elusive, as fans reposted her single ‘Die With You’ on other non-subscription services
The subscription model is taking over from downloads, but there is still the problem of getting music fans to pay
News
Fast-growing companies face a more favourable trading climate today than in 2010, which is helping them to attract funding
Equity investment went out of fashion in the run-up to the credit crisis. David Prosser says the challenge now is to build on what has been achieved
News
A general view shows the skyline of a central business district in Beijing on November 27, 2013. Foreign investment into China rose 5.77 percent on year in the first 10 months of 2013, the government said on November 19.
Central to China’s agenda of driving growth through economic reform is a shift from debt-driven investment to consumption
News
Horses are given an early morning workout at Churchill Downs race track in Louisville ahead of tomorrow’s Kentucky Derby
Despite a decline in American horse racing, tomorrow’s meeting might be the most lucrative sporting event on Earth, writes Andrew Dewson
News
Six banks were fined, including Royal Bank of Scotland (RBS), for trying to manipulate foreign-currency prices are a stark reminder of the need for sweeping changes
James Moore wonders if anyone noticed there were some good bits in Royal Bank of Scotland’s results
News
The weak dollar has led to speculation that Janet Yellen will not press ahead with a first rate hike since 2006
Fed chair, Janet Yellen, is expected to announce a rise in rates in the final quarter of 2015. Hamish McRae with Economic View
News
Stansted gets connected with Dundee from 30 March
Spare a thought for Anthony Brooke, one of the two men forced on to Alliance Trust’s board by Elliott Advisors, says Jamie Dunkley
News
Shoppers wait for Woolworths in Ashford, Kent, to open so they can hunt for bargains at the chain's closing down sale
Many commentators think businesses will breath a sigh of relief following the ruling
News
Parliamentary Business: The Lib Dems' centre of gravity on the EU has shifted. Mark Leftly finds the eurozone crisis has sharpened opinions
News
Women and the young are finding it more difficult than men to match with jobs that offer them the hours they desire
More hours mean lower benefit bills, higher tax takes and rising wages. David Blanchflower explains how falling jobless figures conceal a problem at the heart of the economy
News
Katherine Garrett-Cox opposes appointments at Elliott Advisors mooted by a hedge fund
Elliott has won the day and Alliance will need to work quickly to address that issue, says James Moore
News
Plans put forward by Ed Miliband have been met with derision by leading property figures (Getty)
Pledges to build millions of new dwellings, fiddling with stamp duty for first-time buyers – politicians are promising whatever they think the electorate wants to hear. Russell Lynch takes an unbiased look at the main parties’ election manifestos
News
Xavier Rolet says the economy will be pivotal in deciding how we vote
News
Protestors demonstrate outside a testy HSBC annual general meeting in London
HSBC’s shares were jumping like a grasshopper in spring in the wake of reports that it is considering spinning off the bank that brought it over to London in the first place, says James Moore
News
File photo
Employers should have an anti-harassment and bullying policy, which is properly communicated to the whole workforce, says Matt Gingell
News
The founders of Brew Dog, James Watt and Martin Dickie, with bottles of Tokyo*
This is an industry that has posted, on aggregate, compound annual growth of more than 100 per cent over the past three years, writes David Prosser
News
A Grimsby trawler: outside the South-east the economy is weak
There is widespread evidence that under-employment has risen even more sharply than the unemployment rate, says David Blanchflower
News
A court sketch shows Navinder Singh Sarao opposing his
extradition to the US at Westminster magistrates’ court
The Independent spoke to workers in the City on their lunch break
News
Protests against Brazil’s President Dilma Rousseff
After a clear-out of executives and with dozens of politicians being investigated, the company's new chief has announced a clean start. Tom Bawden and Jamie Dunkley report
News
Bob Diamond’s bonuses ran into the hundreds of millions of pounds at Barclays
The disgraceful, shameful actions of Deutsche’s traders and of their colleagues who attempted to frustrate regulatory investigations are beginning to elicit merely a weary shrug of the shoulders, says James Moore
  • Get to the point
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

SThree: Trainee Recruitment Consultant - Swiss Banking and Finance

£20000 - £25000 per annum + Uncapped commission: SThree: Can you speak German,...

Ashdown Group: Marketing Executive - 6 month FTC - Central London

£25000 - £30000 per annum + benefits: Ashdown Group: An exciting opportunity f...

Ashdown Group: Junior Project Manager (website, web application) - Agile

£215 per day: Ashdown Group: Junior Project Manager (website, web application ...

Guru Careers: Software Engineer / Software Developer

£40-50K: Guru Careers: We are seeking an experienced Software Engineer / Softw...

Day In a Page

Fishing for votes with Nigel Farage: The Ukip leader shows how he can work an audience as he casts his line to the disaffected of Grimsby

Fishing is on Nigel Farage's mind

Ukip leader casts a line to the disaffected
Who is bombing whom in the Middle East? It's amazing they don't all hit each other

Who is bombing whom in the Middle East?

Robert Fisk untangles the countries and factions
China's influence on fashion: At the top of the game both creatively and commercially

China's influence on fashion

At the top of the game both creatively and commercially
Lord O’Donnell: Former cabinet secretary on the election and life away from the levers of power

The man known as GOD has a reputation for getting the job done

Lord O'Donnell's three principles of rule
Rainbow shades: It's all bright on the night

Rainbow shades

It's all bright on the night
'It was first time I had ever tasted chocolate. I kept a piece, and when Amsterdam was liberated, I gave it to the first Allied soldier I saw'

Bread from heaven

Dutch survivors thank RAF for World War II drop that saved millions
Britain will be 'run for the wealthy and powerful' if Tories retain power - Labour

How 'the Axe' helped Labour

UK will be 'run for the wealthy and powerful' if Tories retain power
Rare and exclusive video shows the horrific price paid by activists for challenging the rule of jihadist extremists in Syria

The price to be paid for challenging the rule of extremists

A revolution now 'consuming its own children'
Welcome to the world of Megagames

Welcome to the world of Megagames

300 players take part in Watch the Skies! board game in London
'Nymphomaniac' actress reveals what it was really like to star in one of the most explicit films ever

Charlotte Gainsbourg on 'Nymphomaniac'

Starring in one of the most explicit films ever
Robert Fisk in Abu Dhabi: The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers

Robert Fisk in Abu Dhabi

The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers
Vince Cable interview: Charging fees for employment tribunals was 'a very bad move'

Vince Cable exclusive interview

Charging fees for employment tribunals was 'a very bad move'
Iwan Rheon interview: Game of Thrones star returns to his Welsh roots to record debut album

Iwan Rheon is returning to his Welsh roots

Rheon is best known for his role as the Bastard of Bolton. It's gruelling playing a sadistic torturer, he tells Craig McLean, but it hasn't stopped him recording an album of Welsh psychedelia
Morne Hardenberg interview: Cameraman for BBC's upcoming show Shark on filming the ocean's most dangerous predator

It's time for my close-up

Meet the man who films great whites for a living
Increasing numbers of homeless people in America keep their mobile phones on the streets

Homeless people keep mobile phones

A homeless person with a smartphone is a common sight in the US. And that's creating a network where the 'hobo' community can share information - and fight stigma - like never before