Business Diary: Roubini splashes out on a new pad

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.

businessdiary@independent.co.uk

Start your day with The Independent, sign up for daily news emails
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Sales Assistant / Buyer

£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...

Recruitment Genius: Customer Service Advisor

£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....

Recruitment Genius: Compliance Manager

£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...

Day In a Page

Greece debt crisis: What happened to democracy when it’s a case of 'Vote Yes or else'?

'The economic collapse has happened. What is at risk now is democracy...'

If it doesn’t work in Europe, how is it supposed to work in India or the Middle East, asks Robert Fisk
The science of swearing: What lies behind the use of four-letter words?

The science of swearing

What lies behind the use of four-letter words?
The Real Stories of Migrant Britain: Clive fled from Zimbabwe - now it won't have him back

The Real Stories of Migrant Britain

Clive fled from Zimbabwe - now it won’t have him back
Africa on the menu: Three foodie friends want to popularise dishes from the continent

Africa on the menu

Three foodie friends want to popularise dishes from the hot new continent
Donna Karan is stepping down after 30 years - so who will fill the DKNY creator's boots?

Who will fill Donna Karan's boots?

The designer is stepping down as Chief Designer of DKNY after 30 years. Alexander Fury looks back at the career of 'America's Chanel'
10 best statement lightbulbs

10 best statement lightbulbs

Dare to bare with some out-of-the-ordinary illumination
Wimbledon 2015: Heather Watson - 'I had Serena's poster on my wall – now I'm playing her'

Heather Watson: 'I had Serena's poster on my wall – now I'm playing her'

Briton pumped up for dream meeting with world No 1
Wimbledon 2015: Nick Bollettieri - It's time for big John Isner to produce the goods to go with his thumping serve

Nick Bollettieri's Wimbledon Files

It's time for big John Isner to produce the goods to go with his thumping serve
Dustin Brown: Who is the tennis player who knocked Rafael Nadal out of Wimbeldon 2015?

Dustin Brown

Who is the German player that knocked Nadal out of Wimbeldon 2015?
Ashes 2015: Damien Martyn - 'England are fired up again, just like in 2005...'

Damien Martyn: 'England are fired up again, just like in 2005...'

Australian veteran of that Ashes series, believes the hosts' may become unstoppable if they win the first Test
Tour de France 2015: Twins Simon and Adam Yates have a mountain to climb during Tour of duty

Twins have a mountain to climb during Tour of duty

Yates brothers will target the steepest sections in bid to win a stage in France
John Palmer: 'Goldfinger' of British crime was murdered, say police

Murder of the Brink’s-MAT mastermind

'Goldfinger' of British crime's life ended in a blaze of bullets, say police
Forget little green men - aliens will look like humans, says Cambridge University evolution expert

Forget little green men

Leading evolutionary biologist says aliens will look like humans
The Real Stories of Migrant Britain: An Algerian scientist adjusts to life working in a kebab shop

The Real Stories of Migrant Britain

An Algerian scientist struggles to adjust to her new life working in a Scottish kebab shop
Bodyworlds museum: Dr Gunther von Hagens has battled legal threats, Parkinson's disease, and the threat of bankruptcy

Dying dream of Doctor Death

Dr Gunther von Hagens has battled legal threats, Parkinson's disease, and the threat of bankruptcy