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 Apple has installed security backdoors on 600m iPhones and iPads, claims security researcher
- 2 UK pirates will get four warning letters a year
- 3 Fight Club 2: Chuck Palahniuk sequel is a 'meta-fictional comment on the cultural response to the original'
- 4 Is Gideon Levy the most hated man in Israel or just the most heroic?
- 5 Israel-Gaza conflict: Deadly flechette shells 'used by Israeli military in Gaza Strip’
Malaysia Airlines flight MH17 crash: 'Nine Britons, 23 Americans and 80 children' feared dead after Boeing passenger jet is 'shot down' near Ukraine-Russia border
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
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: victims’ bodies bundled in black bags and loaded onto trains
iJobs Money & Business
£850 - £950 per day: Orgtel: Programme Director - Conduct Risk - Banking - £85...
£45000 - £50000 Per Annum + excellent benefits: Clearwater People Solutions Lt...
£250 - £300 per day + competitive: Orgtel: Finance Manager - Accountant - Bank...
£100000 - £120000 per annum + BONUS + BENEFITS: Harrington Starr: A leading fi...