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.
- 1 Which country would be hardest to invade?
- 2 The man who filmed the Freddie Gray video has been arrested at gunpoint
- 3 Indonesia executions: Death row British grandmother Lindsay Sandiford will refuse to wear a blindfold when she faces firing squad
- 4 How the language you speak changes your view of the world
- 5 Royal baby girl born: Duchess of Cambridge's second child will be a princess thanks to Queen
Over 50,000 families shipped out of London boroughs in the past three years due to welfare cuts and soaring rents
EU asylum policy is 'a direct threat to our civilisation', says Nigel Farage
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: SNP and its activists 'openly racist' towards the English, Farage says
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
iJobs Money & Business
£16000 - £18500 per annum: Recruitment Genius: This is an excellent opportunit...
£24000 - £28000 per annum: Recruitment Genius: A Senior SEO Executive is requi...
£16000 - £18000 per annum: Recruitment Genius: An Online customer Service Admi...
£18000 - £22000 per annum: Recruitment Genius: This global, industry leading, ...