Business Diary: Roubini splashes out on a new pad
Tuesday 21 December 2010
Doom pays. Nouriel Roubini, an economist who specialises indismal forecasts about the global financial system, isn't doing too badly himself – and the US housing downturn has done him a favour. Public records reveal he has just splurged $5.5m (£3.5m) on a penthouse in New York's East Village. It sounds like a lot of money, but the purchase price is 25 per cent lower than what Roubini would have had to pay at the peak of the market in September 2008, when the credit crisis intervened – and gave him his opportunity to shine so brightly.
Santa's pay linked to performance?
Was he too fat, too thin, too grumpy, or just plain dirty? Retailers want to know what you thought of their Father Christmas grottos this year – Shopper Anonymous, which specialises in providing mystery shopping services to the high street, reports a big increase in demand for its undercover investigators to check out supermarket Santas. Just don't give the kids the opportunity to critique the real thing.
Apple 'tipped' to buy Facebook
Saxo Bank has a Christmas tradition of entertaining clients with a list of 10 outrageous predictions for the year ahead. The idea is to suggest events that are extreme but not impossible (three of last year's came true). Space does not allow us to print all 10 of this year's ideas, but here's a selection of the most interesting ones: Apple to buy Facebook; US Congress to ban third round of quantitative easing; oil prices to fall by a third; S&P 500 to hit all-time high. Place your bets.
Where to hide with a hangover
More now on the office party season. Budget hotel chain Travelodge has already published one long commentary on the economic cost of people being too hungover to work (£620m – can it really be true?), but its market research team has clearly been working overtime, because now it's published even more detail. One in two "fragile workers" admits to taking a catnap at work the day after the night before, apparently. Under the desk is the most favoured location – seems a bit obvious to us – closely followed by a refreshing snooze in the toilets.
- 1 If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be
- 2 David De Gea: Manchester United goalkeeper's £29m move to Real Madrid off - because paperwork 'not done in time'
- 3 More than 11,000 Icelanders offer to house Syrian refugees to help European crisis
- 4 Pansexual: What is it - and when did the term gain popularity?
- 5 New Apple TV release date and price: streaming box and games console will launch in October
Bono's group has made more money from Facebook investment than from all his music
Miley Cyrus calls out hypocrisy of women’s nipples being taboo
Auschwitz museum defends mist showers installed during heat wave after visitor complains they are reminiscent of gas chambers
Nazi 'gold train': Fire engulfs suspected location of vehicle in Poland
A Chinese journalist has appeared on state television 'confessing' to causing the stock market chaos
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
Tony Blair attacks Jeremy Corbyn's 'Alice In Wonderland' politics
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
Iain Duncan Smith 'should resign over disability benefit death figures', says Jeremy Corbyn
UN investigating British Government over human rights abuses caused by IDS welfare reforms
iJobs Money & Business
£20000 - £25000 per annum: Recruitment Genius: We are a vibrant and establishe...
£15000 - £20000 per annum: Recruitment Genius: An experienced Repayments Advis...
£25000 - £30000 per annum: Recruitment Genius: This leading provider of financ...
£20000 - £25000 per annum + competitive: SThree: Are you looking to take your ...