Business Diary: Great depression or new start?
Tuesday 06 July 2010
We know economics is far from an exact science, but the conflicting views of the big names does make life just a little confusing for we mere mortals. In the space of the past few days, Nobel laureate Paul Krugman has been telling the world he thinks the US – and the rest of us, by extension – is on the verge of another great depression. Meanwhile, hedge fund star John Paulson reckons the chance of a double dip is less than 10 per cent and that there has never been a better time to buy US property. Pay your money and take you choice.
No relief for BP in America
CNN's new list of the 10 most disliked companies in American puts Goldman Sachs in at number one – not so surprising given their travails of the past few months. AT&T – lousy service – apparently come in at number two, while Nike gets the third spot, as punishment for sticking by Tiger Woods. All of which begs the question, how has BP avoided being named and shamed? Or it would if CNN hadn't entitled its list the "Most hateable companies (not named BP)".
How to make the internet pay
So congratulations to Andrew Miller, appointed yesterday as the new head honcho at Guardian Media Group. Formerly the boss of GMG's Auto Trader subsidiary, Miller knows a thing or two about making money from the internet, with 90 per cent of that unit's revenues coming from online. That experience should make for an interesting perspective on The Guardian insistence that content must remain free on its editorial web sites.
Sky's the limit for pedal power
Sky is crossing its fingers that the Tour de France provides it with a bit of payback on the huge investment it has made in cycling over the past year, with the race one of few events in the sport that gets any coverage in the British press. Team Sky is hoping for big things from leader Bradley Wiggins, though he has made a slow start to the race, but one place where you won't see extensive coverage of the race is on Sky itself. Eurosport has the rights in this country.
- 1 Rarest Beanie Baby bought for just £10 at car boot sale could be sold for £62,500 on eBay
- 2 Katie Hopkins and The Sun editor are reported to police for incitement to racial hatred following migrant boat column
- 3 Katie Hopkins has just written a piece so hateful that it might give Hitler pause – why was it published?
- 4 Australian student Tommy Connolly, 23, adopts his pregnant, homeless 17-year-old cousin to give her a chance at 'a better life'
- 5 Cancel Sky at your peril: man spends 96 minutes in chat but fails to get rid of service
Rarest Beanie Baby bought for just £10 at car boot sale could be sold for £62,500 on eBay
Katie Hopkins and The Sun editor are reported to police for incitement to racial hatred following migrant boat column
'Jihadi John': Isis executioner Mohammed Emwazi wanted to wage jihad in Somalia until his friends were betrayed and killed by al-Shabaab
Parma, Missouri: 80 per cent of town's police quit after first black mayor is elected
Australian student Tommy Connolly, 23, adopts his pregnant, homeless 17-year-old cousin to give her a chance at 'a better life'
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
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Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
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