Business Diary: Krugman sticks it to the Fed
Thursday 12 August 2010
It seems safe to say that Paul Krugman, the Nobel Prize-winning economist, was not entirely impressed with the US Federal Reserve's limited extension of quantitative easing on Tuesday. Here's what he told the New York Times yesterday: "The Federal Open Market Committee has spoken. What's my reaction? The Fed's current policy is grossly inadequate, logically bizarre, and slightly – but only slightly – encouraging."
New generation of martyrs
What would you do if you felt you were underpaid for your work guiding people round sites linked to the Tolpuddle Martyrs, the agricultural labourers transported to Australia in 1834 after protesting about wage cuts? Protest, of course, which is exactly what a group of professional tour guides in Dorset have been doing. Now 11 of them have gone on strike over the £26.65 a day they receive to show tourists around the Old Crown Court in Dorchester. Will their bosses see the irony?
Where to hear the word of God
Good news for Freesat viewers in need of a spot of divine inspiration. The latest new channel on the service, which is potentially available to up to 14 million homes, is God TV – offering "a 24-hour line-up of exclusive Christian programming". The boss, Rory Alec, adds: "Freesat will enable more viewers in the UK to experience our unique schedule, with the added bonus that it has no subscription fee or monthly bills." God moves in mysterious ways, but at least this one is free.
Driving a hard bargain
Do as I say, not as I do – that seems to be the message from executives when it comes to company cars. A report published today by accountant PricewaterhouseCoopers reveals that companies are becoming ever more tight-fisted about the cars they offer staff, reducing the choice of vehicle available or limiting staff to diesel-only models, for example. Naturally, PWC adds, 80 per cent of chairmen and chief executives are allowed to choose whichever car they want.
- 1 Al Pacino on suffering from depression: 'It can last and it's terrifying'
- 2 Half of young women unable to ‘locate vagina’ and 65% find it difficult to say the word
- 3 Saudis risk new Muslim division with proposal to move Mohamed’s tomb
- 4 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 5 Mexican woman becomes world’s 'oldest person' at 127
Perez Hilton apologises for publishing Jennifer Lawrence naked photo leak
Jennifer Lawrence 'nude photo hacker' claims there are hundreds more celebrity images to come
Victoria Justice on naked photo leak: 'Let me nip this in the bud right now – pun intended'
Saudis risk new Muslim division with proposal to move Mohamed’s tomb
Ariana Grande nude photos leak: Pictures are completely fake, say singer's representatives
Rotherham child sex abuse scandal: Labour Home Office to be probed over what Tony Blair's government knew - and when
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Ashya King: Parents of five-year-old boy refused permission to visit him in hospital and denied bail at Spanish court
With Douglas Carswell joining Ukip, my party has taken another giant step forward
When elitism grips the top of British society to this extent, there is only one answer: abolish private schools
Ashya King: 'Cruel NHS has not given us the treatment we need', says father of five-year-old with brain tumour who fled to Spain
iJobs Money & Business
£600 - £900 per day: Harrington Starr: Infrastructure Lead, (Trading infrastru...
£35000 - £38000 per annum + benefits: Ashdown Group: A highly successful, glob...
£60000 - £75000 per annum + BONUS + BENEFITS: Harrington Starr: Business Anal...
£40000 - £50000 per annum + benefits+bonus+package: Harrington Starr: SQL Impl...