Outlook The Old Lady of Threadneedle Street likes drama to be reserved firmly for the stage. So yesterday's announcement from her Financial Policy Committee on "potential amplification channels" of financial risks was characteristically short on hyperbole.
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Sunday 25 January 2009
Fears are growing that Nomura, the Japanese investment bank that bought large chunks of the failed Lehman Brothers bank last year, could face a downgrade in its credit rating in the coming weeks as the group continues to integrate large parts of the American firm into its business.
Tuesday 30 December 2008
Wednesday 12 November 2008
Sunday 09 November 2008
Mark Morris's Romeo & Juliet, Barbican Theatre, London <br>Impressing the Czar, Sadler's Wells, London</br>
Sunday 09 November 2008
Wednesday 05 November 2008
One of the more worrying signs of global recession to have manifested itself over the past few months is the veritable collapse in the price of chartering a ship. Since Lehman Brothers was allowed to go under in September, the Baltic Dry Index, which tracks the cost of shipping dry cargo, has fallen by nearly 80 per cent, having already halved in the month before that. Shipping brokers say that it is now possible to charter a ship for less than its operating costs.
Tuesday 28 October 2008
Sales of newly built homes in the US increased last month, an unexpected bright spot for investors searching for a bottom to the troubled housing market. In September, the number of purchases was running at an annualised rate of 464,000 – up 12,000 from the previous month and better than the 450,000 expected by Wall Street analysts.
Friday 24 October 2008
Fears for the future of David Montgomery's media group Mecom have intensified, as the shares once again plunged despite the company rushing out a results statement in an attempt to calm investors.
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.
<a href="http://blogs.independent.co.uk/openhouse/2008/10/i-was-wrong-bla.html">Hamish McRae: I was wrong. Blame Lehman Brothers</a>
Tuesday 07 October 2008
Yes, but what about the real economy? If I have been too optimistic about the effectiveness of the world's monetary authorities in restoring faith in the banking system, might I also have been too optimistic about the now-incipient economic downturn?
Sunday 05 October 2008
Thursday 25 September 2008
Now this is what we call naked shorting. A New York judge has dismissed a lawsuit in which a woman complained that a hip-hop magazine published without her consent a photo of her in a topless mermaid costume at a party thrown by the rap mogul Sean "P Diddy" Combs. The photo of three bare-breasted women, taken at the annual White Party in East Hampton in 2003, was captioned "Mermaids Gone Wild" and published in Vibe magazine alongside an article about Combs, below. One of the women was a hedge-fund manager, Maria Kristina Dominguez, who sued Vibe and Combs for $3m (£1.6m). However, the judge said the picture was related to newsworthy issues of public interest and concluded that Ms Dominguez had no right to privacy while she was cavorting topless. A lawyer for Ms Dominguez said she was "exploring her options". Sounds like she's hedging her bets.
Wednesday 17 September 2008
There was a point, some time in mid-morning on Big Bang Day (Radio 4, Wednesday), when I started to feel that about the only thing that could justify this much coverage would be if the Large Hadron Collider really did generate a black hole that swallowed the Earth and snuffed out human existence for all eternity. Under those circumstances, they could even put up a good case for postponing The Archers.
Wednesday 17 September 2008
Tuesday 16 September 2008
Barclays today is in talks over buying up some parts of the collapsed Lehman Brothers empire.
Ukip election posters: Nigel Farage defends 'racist' campaign anti-immigration campaign ahead of Europe elections
Ukip leader Nigel Farage defends employing German wife, at launch of anti-immigration poster campaign
Is Britain really a land of God? Furious debate after David Cameron claims we are a Christian country
An open letter to Nigel Farage: you may smile, but I am not seduced
'Sinful': Video of British Muslims dancing to Pharrell Williams's hit Happy comes under attack
Nigel Farage: Calling Ukip’s posters ‘racist’ is yet another example of shameful Westminster evasion
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