Business Diary: Krugman's message to his 'dumb' compatriots

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Paul Krugman is back on form, blogging furiously about the whingeing in the US over an IMF bailout for Greece to which Americans will contribute a small sum. The Nobel Prize-winning economist complains: "Aside from the dumbness of the thing, though, what strikes me about this is the delusion – all too common in America, especially, though not only, on the right – that everything is about us, springing from a misconception of just how super a superpower we really are." We couldn't have put it better ourselves.

No disgrace in losing Barnes' shoot out

Our commiserations to Brian Bannister, head of communications at PricewaterhouseCoopers. To back England's 2018 World Cup Football bid, the accountant organised a penalty shoot-out comp- etition between leading City folk and John Barnes. Poor Brian made it all the way to the final only to lose out to the former Watford and Liverpool star in a sudden-death showdown.

Some job advice for Lord Myners

No word yet on what Lord Myners, the former City minister, plans to do with all the free time on his hands now that his political masters have been ejected from office. If he's really worried, however, there are still vacancies at the top of Guardian Media Group and Marks & Spencer, two former stamping grounds where the learning curve would not be steep.

Women come out on top for once

The glass ceiling is well and truly smashed – at least in the US. The 16 women running S&P 500 companies earned an average of $14.3m ( £9.8m ) last year, according to a survey by Bloomberg, 43 per cent more than the average male chief executive. They also got much higher pay rises. Expect a raft of discrimination claims from the blokes any day now.