Business Diary: Bean's answer to an economics thriller
Friday 28 August 2009
Charles Bean, the Bank of England deputy governor, is an erudite fellow. Still, delivering the Schumpeter Lecture to the European Economic Association, he didn't want to appear too dry. After a lengthy chat about who caused the credit crisis, Mr Bean concluded that there might not be a simple answer: "Just as in Agatha Christie's Murder on the Orient Express, those with different motives but similar objectives can all contribute to the same outcome".
The football fans who don't like goals
Poor old Sporting Index. The spread-betting firm has had a disastrous start to the football season after a series of high-scoring matches. It's down about £750,000 thanks to games such as Arsenal's 6-1 defeat of Everton. The total goals market is particularly popular with punters, who almost always bet on there being more goals than fewer.
Redwood sticks it to the FSA boss
Good to see the usual suspects weighing in on Lord Turner's suggestion that a tax on banking transactions might curtail City excesses. British Bankers' Association chief Angela Knight rejected the idea on autopilot, while the Tory MP John Redwood said the FSA boss's notion was "absurd". Maybe not as absurd as pretending to sing the Welsh national anthem when you don't know the words, but still.
Google has some hot news for bloggers
Panic at Google's London headquarters, where a fire broke out on the roof terrace yesterday. Happily, no-one was hurt and the flames were brought under control very quickly. But the building's evacuation took a while, with many Google geeks too busy posting updates on Twitter to concentrate on getting out.
The BBC covers every base
No one could accuse the BBC of failing to cover the first anniversary of the collapse of Lehman Brothers next month with sufficient gusto. A series of documentaries on various television and radio channels will include programmes on its World Service stations BBC Azeri, BBC Kyrgyz and BBC Uzbek.
Number of the day: 55%
The proportion of pub drink sales in Scotland accounted for by Tennent's lager, bought yesterday by C&C.
- 1 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 2 Downfall of Dustin 'Screech' Diamond, the 'Saved By The Bell' star charged with bar stabbing
- 3 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 5 Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
Downfall of Dustin 'Screech' Diamond, the 'Saved By The Bell' star charged with bar stabbing
Syrian teenager Usaid Barho reveals how he escaped from Isis using a suicide vest
Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
UK weather: 'Coldest night of the year' tonight as freezing temperatures plummet to -10C
Millions of Britons struggling to feed themselves and facing malnourishment
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Nigel Farage: Ukip leader named 'Briton of the year' by The Times
Douglas Carswell tells Ukip to stop blaming foreigners as youth poll shows Nigel Farage is even less popular than Nick Clegg
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