Business Diary: Protesters pass on Paulson
Thursday 13 October 2011
John Paulson the über-wealthy hedge fund manager, has not taken kindly to the Occupy Wall Street campaign, which is protesting noisily about his industry's excesses.
"Instead of vilifying our most successful businesses, we should be supporting them and encouraging them to remain in New York and continue to grow," he complains.
Mr Paulson will not have been mollified by the straw poll conducted by the Wall Street Journal yesterday – it couldn't find a single protester who had heard of him.
Cheap deals for City slickers
Good news for bankers on a budget: it is no longer necessary to stay in swanky hotels after burning the midnight oil, and clients coming to town need not cost you the earth either. For Travelodge has opened a new outlet just round the corner from the Bank of England. London Bank Travelodge has 75 rooms, with prices starting at £19 a night. Austerity in the City at last, you might say.
Cable cut off from rest of world
Vince Cable has found it hard to keep his halo shiny since making the leap into Government, but the evidence of our spies is he may not be aware he is no longer Britain's favourite politician.
One recent visitor to Mr Cable's office at the Department for Business tells us the really striking thing about it is the total lack of technology – with no computer, TV or even a mobile phone in evidence.
A bit odd for a man who is also in charge of innovation and skills.
Bank reformer set to go native?
More news of Clare Spottiswoode, who didn't make this week's hearings into the Independent Commission on Banking's reforms. We hear the banks are expecting to see more of the ICB commissioner. She suggested that ring-fenced operations should have their own boards. And who might serve on such boards? The bankers are betting Ms Spottiswoode will be one of the first.
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
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Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
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