Business Diary: A never-ending search for transparency
Monday 01 February 2010
Our regulators really know how to tie themselves up in knots. The Competition Commission (CC) has appointed an independent panel to investigate conflicts of interests of its members. All very laudable of course – and the CC was caught out in this area during its investigation of BAA's airports. But shouldn't there be a panel to investigate any conflicts that the independent panel might have?
Flash mobs aren't for grown-ups
It was never going to end well when advertising agencies began using flash mobs as a sales technique. Check out the Creative Review website for the most cringeworthy example yet: an invasion of the floor of the New York Stock Exchange by cheesy singers and dancers plugging Dr Pepper. Enough already of the getting down with the kids.
Geography lessons for Wapping please
All journalists make mistakes on occasion, but Carlisle readers of The Times might be forgiven for spluttering into their coffee on reading the paper's reports of an arrest made in connection with a man facing corruption charges. The suspect "was intercepted by SFO officers in Carlisle, Scotland", the paper reports. Last time we looked, Carlisle was very much in England.
The bankers take a pasting from OECD
Despite five days of bankers' endless bleating in Davos (or maybe because of it), there seems to be little sympathy for the poor souls. Even the OECD is unmoved. "The complaints from bankers that poor regulation caused the crisis is like you have a massive fire, the fire brigade comes in and you blame them for flooding the house," says John Evans, an adviser to the organisation.
Apprentice McFadden leads by example
Business minister Pat McFadden will today launch National Apprentice Week at a Morrison's supermarket in Camden, north London. McFadden should know a thing or two about apprenticeships – he currently spends his days shadowing the movements of his boss, Lord Mandelson.
Number of the day: 4 per cent
Total drop in the FTSE 100 index of leading shares during January
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- 2 50 books for students to read this summer: From Ernest Hemingway to Gillian Flynn
- 3 McDonald’s removes chicken nuggets from the menu in Hong Kong amid major food scare
- 4 Students offered grants if they tweet pro-Israeli propaganda
- 5 Joey Barton and Yossi Benayoun become involved in Twitter row over Israel-Gaza conflict
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Metallica drummer Lars Ulrich claims Noel Gallagher helped him kick his cocaine addiction
Peaches Geldof: Her final day – and her fatal decision
Iraq crisis: Isis orders Mosul shop keepers to cover mannequins
Students offered grants if they tweet pro-Israeli propaganda
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
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