Hope? Yes. Change? No
What a long and nasty campaign that was. It is hard to imagine that a political race of such magnitude could be so intellectually and emotionally bunged-up. But it’s over,… Read more
The future made Thiel
Turn right along the American political spectrum and you find all kinds of curious species. First there are country club Republicans bemoaning the loss of their party to extremists. Then… Read more
The despair bubble
Economists, we should all have learned by now, are mostly quacks. They practise neither a science nor an art but a bad game of darts. Boozed up on shoddy theory… Read more
Bankers or bust
Last year a single sector of British industry was responsible for generating 12 per cent of government tax receipts, with just 4 per cent of the workforce. You would think… Read more
Philip Delves Broughton
I arrived at the Occupy Wall Street protests on Monday morning, their one month anniversary, at 7 a.m. raring to go. That’s when the subway stations of Lower Manhattan are… Read more
A rich man for all seasons
Multibillionaire Warren Buffett may sound cuddly, but he’s talking from both sides of his mouth August was a typical month for Warren Buffett, America’s second richest man. While the leisure… Read more
Indolence and experience
School holidays for the children of the affluent used to be about doing nothing in particular. Tagging along to a sun-baked villa, perhaps, or slouching around Verbier in search of… Read more
Degrees of optimism
The speeches given to new graduates at American universities are a distinct literary form – and a measure of national mood To understand what is going on in America’s head,… Read more
Bubble 2.0
There is nothing more maddening to an old-school investor than a bubble. And especially a bubble in which young people are getting outrageously rich. But here we are, 11 years… Read more
Mormons on the march
In any discussion of Mormons, it’s worth getting the gags out of the way first. There’s the chafing underwear they must wear to deter them from temptation, which looks like… Read more
Rotten Apple
There is a point in the life of all companies where they go from being truth machines to lie machines. The honesty necessary to succeed when times are difficult, either… Read more
Not so slick, Mr President
Philip Delves Broughton says that Barack Obama has not dealt well with the crisis in the Gulf of Mexico — and his party will pay at the congressional elections in… Read more
Is the suit against Goldman Sachs a fraud?
The official investigation into the firm’s activities is pointless, says Philip Delves Broughton. Governments are too weak to punish the financial giant I loathe Goldman Sachs as much as the… Read more
Chirac and the son of Nippon
Paris Within the next few months, Jacques Chirac’s illegitimate son will turn 18 and the French press will face a dilemma. Do they celebrate his majority on the front page… Read more
Elf warning
Paris During the past ten years, 34 out of the 128 Cabinet ministers to have served in the French government have been indicted, mostly for financial crimes. President Chirac himself… Read more

