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.
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- 3 Belgium fan Axelle Despiegelaere lands L'Oreal campaign after World Cup viral photo
- 4 Britney Spears sings 'Alien' without Auto-Tune in embarrassing leaked audio clip
- 5 PornHub begs users to stop uploading video clips of Brazil getting beaten 7-1
Instagram of US airport security chiefs: Lipstick knives and IED training kits among items seized
Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
Mick Jagger denies being World Cup curse and reason for Brazil’s embarrassing defeat
Israel-Gaza crisis: ‘We just want it to end… We don’t deserve to live like this’
Israel-Gaza crisis: Eight killed in Gaza Strip cafe while watching World Cup semi-final
Sustained immigration has not harmed Britons' employment, say government advisers
Australia facing international condemnation after turning around Sri Lankans at sea
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
There’s a nasty smell in the political air – and it’s coming from the Tories
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