Business Diary: WH Smith ponders move into politics
Thursday 13 January 2011
Curious goings-on at WH Smith, which is seeking permission from shareholders to make political donations of up to £100,000. The newsagent group's current policy is not to make any political donations at all, which is in tune with the prevailing mood among large corporations, most of which stopped making such gifts some years ago. The request is not going down well with corporate-governance groups – Pirc, for example, is urging shareholders to say no. But Smiths insists the term "political" is poorly defined in law and that it needs this vote to be sure some of the charitable donations it makes do not fall foul of the law. There will be no political donations, it promises.
How to rent out Roubini's place
The property dealings of Nouriel Roubini continue – as the Diary has reported before, the gloomy American economist is splurging several milliondollars on a flash new apartment in New York. A pity, though, that he doesn't seem to be able to get rid of the last place. His old apartment, which famously showcases his eccentric taste in art was put on the market at $1.89m (£1.2m), but then had $100,000 knocked off the asking price. Now it's been withdrawn from sale altogether, though it is still available for rent at $7,600 a month.
Krugman: 'Call me evil, not stupid'
On the subject of grumpy American economists, someone seems to have wound up Paul Krugman, the Nobel laureate, who has put some new instructions to would-be commentators on his blog. Above all: "Get your insults right. There is, I believe, a fair bit ofevidence against the hypothesis that I'm stupid. What you mean to say is that I'm evil." Krugman adds that swearing will result incomments being removed, as will any references to Nazis or Hitler.
Funding for our future winners
In this era of funding cuts for kids' sports, not everyone is missing out. You just have to be lucky enough to have a local sports club in the right place. Take the young athletes at the Jersey Junior Triathlon club, who are very sensibly cashing in on their home's status as anoffshore banking centre. They have persuaded FairbairnPrivate Bank to sponsor them for the next 12 months.
- 1 Howard Jacobson: Let's see the 'criticism' of Israel for what it really is
- 2 Gingers face extinction due to climate change, scientists warn
- 4 BBC’s new Game of Thrones slayer 'The Last Kingdom' relies on Saxon appeal, creators say
- 5 PornHub begs users to stop uploading video clips of Brazil getting beaten 7-1
Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
Jennifer Lawrence face palms Emma Watson at Christian Dior show in Paris
Gingers face extinction due to climate change, scientists warn
Pamplona Running of the Bulls 2014: Briton critically injured in San Fermin festival
Israel's deadliest Gaza air strikes yet kill five children from same family as Palestinian rocket barrage continues
Sustained immigration has not harmed Britons' employment, say government advisers
British jihadist calls for 'flag of Islam' over Downing Street and Buckingham Palace
Australia facing international condemnation after turning around Sri Lankans at sea
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
There’s a nasty smell in the political air – and it’s coming from the Tories
iJobs Money & Business
£18000 - £25000 per annum + DOE, OTE £40000: SThree: LONDON - BRISTOL - DUBLIN...
£250 - £295 per day + competitive: Orgtel: Financial Accountant - IFRS - Glouc...
£30000 - £40000 per annum + excellent benefits: Deerfoot IT Resources Limited:...
£18000 - £23000 per annum + Comission: SThree: SThree, International Recruitme...