Credit crisis diary: The awards that just keep on giving

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The Independent Online

Many congratulations to Credit Today magazine, which has just launched its annual Credit Today Awards, this year celebrating their 10th anniversary. One wonders whether best self-parody ought to be added to the list of gongs. We like, for example, the fact that this year's awards will, for the first time, feature a corporate social responsibility category, which brings horses, bolts and stable doors to mind. Even better, guess who won last year's prize for Responsible Lender of the Year? That's right – it was HBOS. Well done that bank.

Goldman's hypocrisy

It's do as we say not as we do at Goldman Sachs, the former investment banking super power. Chief investment officer Sharmin Mossavar-Rahmani has published a note complaining about sloppy reporting. "Last month alone," she says, "we counted about 4,000 reports or articles describing some economic news as 'unprecedented'. With so much reinforcement, how can one resist the fear and panic?" So which bank said this of its lacklustre performance in the final quarter of 2008? "These results were adversely impacted by unprecedented weakness across broader credit markets". Step forward Goldman Sachs.

Northern pride

Who knew the people of Scarborough were so enterprising? Lord Mandelson, the Business Secretary, was proud yesterday to launch the search for the UK's most enterprising area of 2009 from the North Yorkshire seaside town, which won last year's award. Good luck to this year's entrants and to Scarborough itself, which will soon do battle in the European Enterprise Awards against towns from France, Norway and, somewhat curiously, Latvia.

Left singing in the rain

Simon Cowell, the X-Factor judge, doesn't seem to have applied his usual talent-spotting skills in parting with a large deposit on a pad at the Black Rock development in Barbados. There have been endless delays on the project, which has been under construction for three years, and work has now ground to a halt. A case of paradise delayed, we hope, rather than lost.

The question everyone is asking

Finally, this week's witty website award goes to www.isthisthebottom.com. We won't spoil the fun – check it out for yourselves – but suffice to say that in these challenging times for employment some people have rather too much time on their hands.

businessdiary@independent.co.uk

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