Society

Martin Vander Weyer

Trust in a market where it pays to deceive?

Martin Vander Weyer’s Any Other Business I can’t claim to have invented the off-balance-sheet sleight-of-hand used by the Greek government, under the guidance of Goldman Sachs, to beggar itself so spectacularly. But I was certainly a pioneer in the field. Long ago, at Barclays, I devised a scheme to help a famous brewery (now, needless to say, a ‘hotel and leisure group’ operating under a different name) to deceive investors and analysts into believing its debts were smaller than they really were. My handiwork en-abled the brewer to borrow a seven-figure sum in order to lend smaller parcels of cash to its tied pubs — but through a special company

Roger Alton

High Standards

Should Britain be setting out to ‘own the podium’ at the London Olympics in two years’ time? I mean — we can’t own it every single event, can we? The last time I looked we weren’t exactly overblessed with weightlifters, and we might have to question our chances in Greco-Roman wrestling. I wouldn’t back us to do too well at water-polo, and as for handball, well… The ‘own the podium’ concept was what brought Canada a record 14 gold medals at the Winter Games that have just ended in Vancouver. If you want a successful Games, went the logic, you have to have the locals behind it, and what the

Beyond the call of duty | 6 March 2010

When school-children are asked to draw a scientist, says Trevor Nelson, nine out of ten of them draw a mad scientist. My first thought on reading this was: why is there no photograph of Nelson on the dustcover of this book? Might he look particularly bonkers? After seconds of exhaustive research I found a picture of him on the internet, and he looks rather a jolly old soul. Professor of Marine Biology at Liverpool until his retirement, Nelson has since written a couple of quirky memoirs and a not wholly unquirky history of diving. This new book is subtitled ‘A witty celebration of the great eccentrics who have performed dangerous

‘There was a ship,’ quoth he

When Wordsworth and Coleridge were in their collaborative youth, walking one evening in 1797 on the Quantock Hills and contemplating something Gothic, Wordsworth suggested to Coleridge that the Ancient Mariner could be haunted by what he had just been reading about in Shelvocke’s Voyage Round the World — the killing of an albatross by a sailor rounding Cape Horn in 1719. When Wordsworth and Coleridge were in their collaborative youth, walking one evening in 1797 on the Quantock Hills and contemplating something Gothic, Wordsworth suggested to Coleridge that the Ancient Mariner could be haunted by what he had just been reading about in Shelvocke’s Voyage Round the World — the

Taken for a ride

Alice in Wonderland PG, Nationwide Tim Burton’s Alice In Wonderland is kind of a joy but it is not a fully-fledged joy, hence the ‘kind of’, in case you were wondering. Mixing live action with CGI, it is sensationally gorgeous to look at — beautiful! Ravishing! Dazzling! — and it does have its wonderfully inventive moments but I was not transported. I wanted to be transported, I longed to be transported. I thought: never mind ‘eat me’, never mind ‘drink me’ just transport me, but it did not happen. I accept it may be my limitation. I never enjoyed Lewis Carroll’s Alice books as a child: a rather dull girl;

Establishing free schools will be a difficult – but worthwhile – challenge

The small crowd of demonstrators from a group calling itself the Anti-Academies Alliance who gathered outside the Spectator conference on The Schools Revolution yesterday gave an indication of the opposition that Michael Gove and the Conservatives would face, were they to win the election and attempt the radical overhaul of which the British education system is so obviously in need. The thing that came across in our brief but passionate debate with the protestors was their opposition to independence, wherever it may raise its head in schools. Choice, to these people, is anathema. Undeterred, Gove’s speech majored on the virtues of independence. He criticised the present government for waging ‘a

James Forsyth

Transparent radicalism

Transparency is one area where the Tories are committed to being truly radical. The changes they are already committed to ushering in—publishing government expenditure and contracts online—will create far greater scrutiny of government. In time, this will lead to money being saved. and are unlikely to ever be reversed. Their announcement today on local government is equally radical. All external expenditure over £500 would have to be published as would contracts and tender documents. Some people, possibly including Alex, will complain that this contradicts the party’s commitment to localism; that it should be up to local councils to decide what they publish. But I think central government has a legitimate

Avoiding the Burnham Disincentive

One story which has been rumbling along in the background of Ashcroft and Chilcot – and, indeed, over the past few months – is the fallout from Andy Burnham’s claim that NHS bodies are now the state’s “preferred provider” of healthcare in this country. With those two words, in a speech last September, the Health Secretary appears to have pulled the process of reform back a few years – as private and voluntary sector providers have tried desperately to back out of a process which they now feel is weighted, impossibly, against then. Anyway, I’d recommend that you check out Nick Timmins’ excellent coverage of the latest develoments over at

Alex Massie

Texas Wakes Up!

Sadly this is a safe Republican seat so Ms Rogers won’t be going to Washington any time soon. Still – memo to David Cameron – this is what you can get when you have real* open primaries. Anyway, we’ve been rumbled! The victory in the 22nd Congressional District yesterday by LaRouche Democrat Kesha Rogers sent an unmistakable message to the White House, and its British imperial controllers: Your days are numbered. Kesha’s campaign hit relentlessly at a single theme, that President Obama must go, that his attacks on this nation – with his dismantling of the manned space program, his efforts to ram through a fascist, killer “health care” policy,

Fraser Nelson

Highlights from the latest Spectator | 4 March 2010

The latest issue of the Spectator is out today, and here are my top four features: 1. Britain on the brink.  Allister Heath, the editor of City AM, blogged about his cover story earlier. But the full article really is a must-read: it explains just why hung parliaments don’t work in Britain and why the AAA rating is now a red herring. There is a real risk of Britain following Greece into the vortex. 2. Why do we let South Africans play cricket for England? Peter Oborne cares deeply about cricket – and has written an impassioned piece about what he sees as a  South African invasion of our national

Why we should give the Elgin Marbles back to Greece

While we’re talking about countries on the brink, it’s worth taking a look at Greece – which has probably passed beyond it.  The government has published its package of austerity measures – aiming to reduce its deficit to 8.7 percent of GDP by the end of 2010 – and the markets are deciding what they think. But, in the meantime, the country faces strikes; the Euro is taking a pummeling; there are fears that problems may spread to countries like Portugal and Spain; and Greek foreign policy – particularly with regard to Macedonia and the Balkans – is stalling.  Nobody is through the woods yet. All this mean that George

James Forsyth

Labour drops a point, Tory lead up to six

The new YouGov numbers have the Tories steady on 38 and Labour down one to 32 while the LibDems are on 19. Again, these numbers are within the margin of the error. The biggest impact of these numbers will be to strengthen the Tory view that the Ahscroft affair is a media obsession of little interest to the electorate. But I find it hard to imagine that the whole sorry affair is not doing reputational damage to the party.

Alex Massie

Life in Donegal

Frankly, one would be disappointed if this sort of caper weren’t being run in Donegal: A 72-year-old Donegal man who denied running an illegal public bar in his shed, has been acquitted of two charges brought against him by the County Council under planning regulations. Patsy Brogan said the bar, which has become known as The Bog Hotel near Frosses, is for private use, and while he welcomes callers, he insists he does not charge for drink. At Donegal District Court today Judge Kevin Kilraine said there was no evidence anybody was being charged money at the bar. He said the shed had been converted to look like a bar

Rod Liddle

The Guardian: loathsome and loathful

By God, The Guardian is a loathsome newspaper; a local north London morning daily for Stalinist metro libtards, perpetually arrogant, snobbish, self-righteous, humourless, dull, relentlessly middle class, cowardly and cheap. You will all have had your epiphanies long before me, I suspect, reading the smug drivel of la Toynbee and Gary Younge and Monbiot, or its pathetic attempts via The Guide to be down with the kids on the street (perhaps the worst written, most cringe-inducing, supplement in Fleet Street). The horrible irony is that it possesses great writers – Laura Barton, Alexis Petridis, Sam Woolaston, Vikram Dodd and the wonderful Marina Hyde, even Tim Dowling; yet they are largely

Turning welfare into work

Contrary to what you might think, it is actually quite hard to find someone on benefits who doesn’t want to work. When you ask a claimant whether they would like to, they will invariably say “Yes, I want a job.” At first, this seems like a strange answer: why do we have nearly 6 million people on benefits when so many of them want to work? The answer is simple when you ask a few more questions: they don’t want just any job. They envisage doing what they used to do or would like to try – but aren’t willing to look for anything else. Getting them to try any

Rod Liddle

Cows and sirens…

I assume there is something more to this story than meets the eye, because otherwise it seems to me inexplicable and outrageous. A fireman, on his way to attend an emergency, has been arrested and charged with manslaughter because it is alleged that the sirens on his engine “spooked” a herd of cows which consequently trampled to death an elderly farmer, Harold Lee, aged 75. The Daily Mail’s version of the story carries a little more detail than the rest – to the effect that the fire engine at first turned off its sirens when it encountered Mr Lee and his son Richard moving the herd along a narrow lane

James Forsyth

The YouGov tracker has the Tory lead at five

In tonight’s poll, the Tories are down one to 38 and Labour up one to 33. These changes are within the margin of error. But it does seem that whatever momentum the Tories had after Cameron’s speech has stalled. (We shouldn’t forget that it might be that the two point poll was an outlier and that nothing has really changed over the past few days). 

Alex Massie

Hillary Clinton & the Falklands

Bagehot of the Economist is beginning to have some doubts about the Obama administration: I have hesitated to read drastic slights into the sometimes awkward diplomacy between Barack Obama and Gordon Brown. But this stance on the Falklands cannot be seen any other way. It really is no way for the Americans to treat their most important military ally—as some in America doubtless appreciate. What stance? Well Hillary Clinton has been visiting Argentina and was asked about the status of the Falklands. Here’s what she had to say: And we agree [with Argentina]. We would like to see Argentina and the United Kingdom sit down and resolve the issues between them across the

James Forsyth

Restoring the educational gold standard

Every August we go through the same debate, are A-Levels getting easier? However harsh it may be on those who have just received their results, it is hard to avoid the conclusion that they are. There is a justified suspicion that the bureaucracy’s over-riding aim is to see a larger and larger proportion of students get A grades. So it is welcome news that Michael Gove is planning to get the government out of A-Levels. Instead universities, exam boards and other groups will determine what is tested and how. These groups will neither be interested in nor appear to be interested in artificially pumping up the numbers of pupils getting