Business Diary: The economists get personal
Monday 04 October 2010
When did economists become so shirty? David Blanchflower never stops sounding off, while in the US, Nouriel Roubini has made a name for himself by not pulling his punches. Now Nassim Taleb, author of The Black Swan, is at it, telling an interviewer he doesn't listen to people such as the US Treasury Secretary Tim Geithner and Nobel laureate Paul Krugman. "Did someone predict the crisis before it happened?" Taleb said before name-checking the pair of them. "If the answer is no, I don't want to hear what the person says."
The customer is always right
The perils of Twitter still plague many businesses. PR Week reports that Ocado, the online grocer, has around 20 tweets on the front page of its feed – 15 of them are responses to complaints from its customer-service team. As the magazine says, one might see this as evidence that Ocado is serious about listening to its customers – or you might conclude it must be hopeless to generate so many whinges in the first place.
No respite in Costa Coffee
Could there be a worse time for Britain's payments system to break down than a Saturday afternoon, with shoppers flocking to the High Street? Many readers will know that this is exactly what happened at the weekend, with a number of supermarkets unable to process card payments for an hour or so because of a technical glitch. It was all sorted reasonably quickly – except at Costa Coffee, where at least one branch was still accepting only cash several hours later. Double trouble for those who fled the supermarket for a soothing drink then.
Germany pays its debts at last
Our congratulations to Germany, which reached a historic moment yesterday, finally paying off the last £60m debt owed from First World War reparations, on the 20th anniversary of the country's reunification. There's no denying that it has taken the Germans a little while to pay off what they owed, but the debt is now fully settled and we'll hear no more about it, thank you.
- 1 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 2 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 3 Ball pool for adults opens in London
- 4 Game of Thrones season 5 trailer: The first full-length look is here
- 5 Rashida Jones speaks out against male-centric porn saying 'women should have sex and feel good about it'
Mia Khalifa: Pornhub star claims Drake sent her 'cringeworthy' naked photos on Instagram
Boris Johnson claims porn-obsessed Islamic jihadists are 'literally w*****s'
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Putin opponent reveals Russian President's daughter's secret identity
Ball pool for adults opens in London
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
King Abdullah dead: We can't afford not to hold Saudi Arabia's royals to account
iJobs Money & Business
£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...