No time should be wasted asking them to reform – just do it
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Saturday 31 January 2009
It's your own time you're wasting, son
Niall Ferguson has obviously learnt a trick or two about dealing with unruly students during his many years in academia. The economic historian's lecture yesterday was fascinating stuff, but one audience memberclearly had his mind on other things, tapping wilfully away on hisBlackberry for much of the seminar. Unfazed, Ferguson addressed the miscreant directly. "I don't care how important whatever you're writing on that Blackberry is," Ferguson told him. "It won't be as important as what I'm about to say."
Friday 30 January 2009
To dinner with Barclays Bank atthe Schatzalp Hotel, a formersanitarium high above Davos made famous as the scene of Thomas Mann's classic novel The Magic Mountain. In typically rumbustious form, the guest speaker, Boris Johnson, congratulates Marcus Agius, the Barclays chairman, for defying the mood of austerity bypersisting with the dinner, and declares himself one of the last defenders of the free market system left in politics. Wearing his London Mayor's hat, he invites all foreigners to take advantage of the weak pound to buy assets in London, pointing out that a year ago a copy of the Evening Standard cost 50p. Today you could buy the whole thing for the same price, complete with 300 journalists. Boris headed back down to Davos in the only proper way – by toboggan. Your intrepid reporter can testify to the terrifying speed with which he completed the run.
Wednesday 28 January 2009
The world's elite talking shop certainly has plenty to discuss this year. More so than perhaps any other event, Davos has come to epitomise the free market, globalisation agenda, yet unfettered global financial markets now stand accused of having brought the world economy to its knees. Uppermost on participants' minds this year – where did it all go wrong, and how to fix it? And perhaps too, some painful inner reflection. Were we not partly, or even wholly, to blame? There will certainly be no shortage of opinion among the wealthy, powerful and brainy gathered in this Swiss alpine retreat for the World Economic Forum annual meeting, but will there be answers?
Wednesday 14 January 2009
Barclays Bank announced 2,100 job cuts in investment banking and wealth management last night, at the end of another miserable day for the jobs market.
Monday 12 January 2009
Saturday 20 December 2008
The credit crunch will last for up to two more years, the boss of Barclays bank believes.
Thursday 18 December 2008
The Premier League could be looking for a new sponsor in 2010 after Barclays bank began a review of its worldwide sports deals.
Monday 15 December 2008
The head of Barclays bank predicted today that the economic gloom gripping the UK would deepen further, with house prices set to tumble as unemployment figures soar.
Thursday 20 November 2008
Britain’s banks have been raising their current account overdraft rates over the past year, in spite of a 2.75 percentage point cut in the Bank of England base rate over the past 12 months.
Saturday 15 November 2008
The Mr Big behind the Scottish bankers
Sunday 09 November 2008
Sunday 02 November 2008
A last-ditch bid for HBOS which would derail the bank’s agreed tie-up with Lloyds TSB has been dismissed by sources close to the Treasury.
Monday 13 October 2008
The UK is mesmerised by the American presidential election. The result will affect all our futures. But is it too much already? Vast resources go into the coverage, leading to a fabricated, even forced, identification with the hyper-power; a euphoric mood is daily whipped up by fervently Atlanticist pundits. Question the United States and you are slammed for "anti-Americanism". There are no equivalent sneers for those who, for example, criticise Russia or India. It is as if this country is an extension of the US. It is defiantly, patently not. In fact, the more this drama unfolds, the more intensely aware we become of how different we are. The ocean between us is physical and cultural.
Saturday 11 October 2008
Sunday 05 October 2008
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin
- 1 Home Office says Nigerian asylum-seeker can’t be a lesbian as she’s got children
- 2 What happens to your body when you give up sugar?
- 3 Drugs Live cannabis trial: Hash is less harmful than any other drug, expert claims
- 4 Turkish Airlines flight TK 726 crash-lands on Nepal runway amid dense fog
- 5 Apple and Google users being spied on for a decade because of 'Freak' security flaw