Business Diary: Krugman misses a world united
Saturday 14 May 2011
You know how older folk sometimes go all misty-eyed when they talk about how everyone pulled together during the War?
Well Paul Krugman, the Nobel Prize-winning economist, feels the same way about the financial crisis. "In a way, I miss the months that followed Lehman's failure," he tells New York Times magazine. "If it was a time of terror, it was also a time of clarity. The whole world was going to hell in a handbasket, and policy makers everywhere shared a common goal: stopping the plunge." Send that man a ration coupon.
Royal wedding hits the City
The City has suffered another blow. Not only are bankers public enemy number one these days, the nuptials of William and Kate has seen fewer of them able to find work. That's the claim of financial head-hunter Astbury Marsden, which says the City jobs market was 16 per cent down last month because the Royal Wedding bank holiday saw many firms delay recruitment. "You might think it is unpatriotic and a little bit unfair to blame the fall in City recruitment on Prince William and Kate," says the headhunter's boss Mark Cameron, before doing exactly that.
Bigging up the BBC's Biz stars
Is the BBC getting worried about the profile of its star reporters on financial matters? Although BBC Business Editor Robert Peston is still getting his fair share of screen time, in recent weeks he hasn't been as ever-present on the Beeb's bulletins as he once was. Still, there's no missing him on the BBC's business news website, where a huge new photo of him has been installed on the home page. Stephanie Flanders, the BBC's economics editor, has been given the same treatment too.
Goldman disliked but still respected
Who says public opinionmatters? Some 54 per cent of traders, investors and analysts have an unfavourable opinion of Goldman Sachs, the American investment bank, Bloomberg reports following a global poll. That chimes with a growing tide of criticism facing the bank. Yet four in five of those who were surveyed also think that the US Senate's recent report into Goldman's behaviour, which was pretty damning, will have no effect on the company at all.
- 1 Sofyen Belamouadden murder: The inside story of a crime that horrified Britain
- 2 How to turn off/stop 'seen by' on Facebook: Disable it to make your chats seem less passive aggressive
- 3 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
- 4 'We're not heroes, just tourists': Swedish police officers on holiday stop vicious assault on New York subway
- 5 Buckingham Palace guard who attacked passers-by in 'most most violent piece of CCTV footage' police officer had seen walks free
Top 20 misconceptions people believe are true
Sofyen Belamouadden murder: The inside story of a crime that horrified Britain
'We're not heroes, just tourists': Swedish police officers on holiday stop vicious assault on New York subway
Nepal earthquake: More than 1,100 killed across four countries and in Mount Everest avalanche
Australian student Tommy Connolly, 23, adopts his pregnant, homeless 17-year-old cousin to give her a chance at 'a better life'
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
Rupert Murdoch berated Sun journalists for not doing enough to attack Ed Miliband and stop him winning the general election
iJobs Money & Business
£50000 - £55000 per annum: Ashdown Group: Business Analyst - Financial Service...
£18000 - £23000 per annum + OTE £45K: SThree: At SThree, we like to be differe...
£20000 - £25000 per annum + competitive: SThree: Did you know? SThree is the o...
£22000 - £24000 per annum: Recruitment Genius: This is an opportunity to join ...