Business Diary: Sound advice for borrowers
Monday 09 May 2011
You've seen the movie (played out in real time over the past 12 months), now read the book. Jason Manolopoulos's new tome, Greece's Odious Debt: The Looting of the Hellenic Republic by the Euro, the Political Elite and the Investment Community, is an enjoyable romp through the story of how Greece got caught out in the international economic crisis. It begins with a tip from Aristotle Onassis, which his countrymen appear to have taken just a little too literally: "To be successful, keep looking tanned, live in an elegant building (even if you're in the cellar), be seen in smart restaurants (even if you only nurse one drink) and if you borrow, borrow big".
Social ventures get competitive
Now look – we at The Independent are big fans of social investment, businesses where managers aren't solely motivated by profit but also want to do some good for the world, but even for us social venture top trumps is a bit much. Still, that's what we've just been sent by the promoters of Big Venture Challenge, a new contest to find social entrepreneurs. The top card, for the record, is Divine Chocolate, which beats allcomers both on its stats for turnover and the number of people helped each year.
Another sport we gave the world
Bloomberg BusinessWeek, the American business magazine, has news of a hot new craze among up-and-coming executives in the country: table tennis. Who says the Americans are world leaders? We humble Britons recognised years ago that the sport could go hand in hand with businesssuccess: just ask John Varley, the former chief executive of Barclays Bank, renowned for his ping pong prowess. Retail tycoon Sir Philip Green plays a mean game too.
Dimon's tough love on housing
Had your home repossessed? If so, don't feel bitter about the mortgage company that took your keys – it was doing you a favour. Just ask Jamie Dimon, the chief executive officer of JPMorgan Chase, one of America's biggest banks, who doesn't have much time for those complaining about the millions of Americans who have lost their homes. "Giving debt relief to people that really need it, that's what foreclosure is," he says. You should be thanking him.
Exclusive: World’s most pristine waters are polluted by US Navy human waste
Chicago river turns green to mark Saint Patrick's Day
Saint Patrick's Day: As Google Doodle celebrates the patron saint of Ireland, here are 10 things you didn't know about the man himself
Missing Malaysia Airlines Flight MH370: Did jetliner fly into area controlled by Taliban? Net widens after claims final satellite signal could have been sent from the ground
Nasa-funded study warns of ‘collapse of civilisation’ in coming decades
Katie Hopkins continues campaign to become Britain's most hated talking head with poorly timed Bob Crow tweet
Ukip and Nigel Farage on course for remarkable victory in European elections
No EU referendum under Labour: Ed Miliband to reveal that vote on membership is ‘unlikely’ in next Parliament if party wins power
Tony Benn was entirely ineffectual - and usually wrong
The rise of Ukip: Study warns Labour that Eurosceptic party's electoral base now 'more working class than any of the main parties'
Europeans have ‘got whiter’ due to natural selection in past 5,000 years, scientists say
- 1 Is your name now 'banned' in Saudi Arabia?
- 2 Gender-specific books demean all our children. So the Independent on Sunday will no longer review anything marketed to exclude either sex
- 3 Missing Malaysia Airlines Flight MH370: Did jetliner fly into area controlled by Taliban? Net widens after claims final satellite signal could have been sent from the ground
- 4 Nasa-funded study warns of ‘collapse of civilisation’ in coming decades
- 5 'Missing Malaysia Airlines Flight MH370 plane found in Bermuda Triangle!' Viral Facebook links are profiting hackers
iJobs Money & Business
£35000 - £43000 per annum + Bonus and Benefits: Harrington Starr: A global lea...
£50000 - £60000 per annum: Harrington Starr: Linux Systems Administrator - UNI...
£32000 - £36000 per annum + generous benefits: Pro-Recruitment Group: * TAX * ...
£37000 - £40000 per annum + £20000 benefits package: Pro-Recruitment Group: **...