Society

How the ‘Nixon shock’ reshaped our economy

The dotcom bubble. The financial crisis of 2008 and 2009. The oil price spiral of the 1970s. The launch of the single currency. It would be fun, in a nerdish kind of a way, to debate which was the most seismic economic event of postwar history. But in fact the answer would be this: the ‘Nixon shock’, a fateful day when the final link between gold and the money you carry around in your pocket, or on your bank card, was finally severed. And it happened 50 years ago this week. A half-century on — enough time for some historical perspective — how’s it going? Well, since then we have

The dramatic evolution of ‘actor’

‘That chap in Line of Duty. That’s what I’d call a bad actor,’ said my husband with vague certainty. He was responding to a remark on the wireless about Iran being a bad actor. Language, as usual, is in a state of transition. Actor is now employed to mean some person, or moral entity, acting in a good or bad way. But if you ask anyone what an actor is, the answer would be a person taking part in a drama, on stage or the equivalent. This goes to show the difference between the main meaning of a word now and the meaning of words from which it originates. Actor

Rory Sutherland

Why cocktails are superior to wine

I often argue that, in theory at least, well-made cocktails are indisputably better than wines costing 20 times more. My argument runs as follows. In making a cocktail, you can mix, in any combination you wish, any of the liquids known to humanity. In making a wine, you are stuck with using grape juice harvested by grumpy Frenchmen from scrubland east of the Gironde. Mathematically, the odds that the best drink you can generate derives only from a few bunches of such grapes is so small as to be infinitesimal. Besides, almost no one drinks grape juice, and nobody has ever seriously tried to sell non-alcoholic wine. If it really

The wine that made me change my mind about Valpolicella

There was a marvellous general of yesteryear called George Burns. He had a good war and a splendid peace. He also held senior posts for longer than would be permitted in these diminished times. Colonel of the Coldstream for 32 years, he was Lord-Lieutenant of Hertfordshire for a quarter of a century. Many stories are told about him. Connoisseurs of equestrianism say that he was much the worst rider ever to appear at the Queen’s Birthday Parade, always looking like a magnificently attired and bemedalled sack of potatoes. He also had a set diet: a game bird at every meal. Once, he collapsed, was rushed to hospital and opened up.

Toby Young

I took my wife to a Millwall match – and it didn’t go well

The fighting started just as Caroline turned right on to the Uxbridge Road after emerging from QPR’s stadium on Loftus Road. About 25 football fans began punching and kicking each other in the middle of the road, forcing the pedestrians on the crowded pavement to surge backwards to avoid being caught up in the mêlée. Caroline suddenly found herself pinned against a shop window along with two of our sons, barely able to move. I was still on Loftus Road with our third son, struggling to re-attach the wheel of his bicycle, which he’d left locked up outside the stadium. I glanced up when I heard the commotion and saw

The timeless appeal of Latin

The government’s promise to fund a pilot scheme promoting the teaching of Latin in secondary schools is music to the ears of the charity Classics for All, which has introduced classical subjects into more than 1,000 state schools. Latin has been taken up with especial enthusiasm in primary schools, where word derivations have proved very popular. The ancients loved them too. The Roman Varro (116-27 bc) wrote a 25-volume de lingua Latina (‘On the Latin Language’). Six survive, three discussing etymology, all full of interest because Varro, ignorant of scientific etymology (it developed only from the 17th century onwards), produced total nonsense. For example, he thought canis ‘dog’ was related

Will Sizewell C see off the avocet?

There are many reasons why birds disappear — and why they return. The avocet, however, is probably the only one that owes its resurgence to the Nazis. After a 100-year hiatus in Britain, this elegant black and white wader reappeared after the second world war. Four pairs were found in Minsmere nature reserve and another four in Havergate Island, both along the Suffolk coast. These areas had been flooded to prevent a German invasion, making them ideal nesting grounds. The avocet had taken flight from parts of Holland damaged by the Nazis, travelling 100 miles or so here across the North Sea. Amid headlines about the Cold War and the

Letters: Why aren’t Italians fighting for their liberty?

Wage concern Sir: Martin Vander Weyer’s call for higher wages to end the shortage of British HGV drivers (‘Your country needs you at the wheel of a lorry’, 7 August) should be extended to other hard-pressed economic areas which have lost cheap labour from the poorer EU countries. For far too long, farming, hospitality, construction, care homes and other vital services have failed to recruit and train local staff or pay a decent wage. Low wages at the bottom of the economy increase the cost of social welfare benefits, bring in less or no money from income tax and VAT and thus adversely affect the whole economy. David Thompson Capel

Portrait of the week: Cameron’s cash, A-grades abound and Tower Bridge won’t budge

Home With less frightening domestic data on the coronavirus pandemic to ponder, subjects such as the rivalry between Boris Johnson, the Prime Minister, and Rishi Sunak, the Chancellor of the Exchequer, found time for discussion. The seven-day average of coronavirus cases detected by tests remained below 30,000. In the seven days up to the beginning of the week, 637 people had died with coronavirus, bringing the total of deaths (within 28 days of testing positive) to 130,281. (In the previous week deaths had numbered 524.) In a week, numbers remaining in hospital fell from 5,943 to 5,631. Three quarters of adults had received two doses of vaccine, but numbers crept

Charles Moore

What ministers won’t admit about A-levels

The tale of A-levels shows how ministers can sometimes find themselves in a position when it is simply too dangerous to admit something that is true. To the exterior eye, it is obvious that the temporary abolition of exams and its replacement by teacher assessment has produced grade inflation. This year’s A-level cohort has not suddenly got a third better than its pre-Covid equivalent. You or I can point that out, but if Gavin Williamson, the Education Secretary, says it, he thereby implies that he has presided over a change which devalues the exam, seriously weakening the basis of admissions to university. He will also be accused of disparaging pupils

The great holiday Covid test rip-off

I holidayed in Malta last month with my partner, having chosen it because it was on the ‘green list’. Foolishly, I assumed this would mean we could waltz back to the UK without any hassle. I was wrong. We needed a test before departing Malta. Within a few minutes of looking on the Malta airport website, I found a provider, headed to their test centre, and €30 later, was given the all clear. But that wasn’t all. To complete my pre-flight passenger form, I needed a ‘Day 2’ test for when I was home. For this, the UK government has a website pointing holidaymakers towards a slew of private firms

Who’d want to move to America now?

There’s a biopic released this summer, Roadrunner, about the late great chef, writer, bon viveur and TV presenter Anthony Bourdain. It recounts the many invaluable lessons Bourdain taught, such as: never eat the lower colon of a warthog; never order fish in a restaurant on Monday (it will probably be three days old); and, most of all, the American Dream is over. This last fact may seem jarring. Bourdain was a proudly patriotic American. However, I firmly believe he reveals this truth in the 36th episode of his splendid food-and-travel TV show, No Reservations. In this particular episode Bourdain visits Cleveland, Ohio. In his boyish, enthusiastic way, Bourdain tries all

Cuomo, Trump and the secret of eternal political life

There are many in Donald Trump’s inner circle who have tried to read his mind these past four years, together with a class of journalists who, on a daily basis, have catalogued his whims and outrages. But perhaps my attention to the former president, after writing three books about him, is unique. I now regard him as my own character, with an ever-so-fine line between what he actually does and what, in moments of inspiration, I imagine him doing. I am not always able to tell the difference in the Twitter of my dreams. We have a cottage in Amagansett, the most unHamptons Hamptons town (making it, in fashion’s dialectic,

James Kirkup

In defence of net zero: yes, we can afford it

Late in 2013, David Cameron snapped. ‘Get rid of all the green crap,’ the then prime minister told energy ministers. His demand came after a backbench revolt over the surcharges tacked on to household energy bills to support onshore wind power. Not for the last time, his decision was based on a spectacular failure to see one of the big trends of the age: the stunning fall in the costs of renewable energy that was already under way. In the past decade, the cost of generating electricity from onshore wind has fallen by 40 per cent. For offshore turbines, it’s down almost a third. Globally, it’s now generally cheaper to

Why shouldn’t we worship the NHS?

For obvious reasons, stocks in ex-editors of The Spectator are experiencing an all-time low. But my own complaint is with Nigel Lawson. Lawson may say it’s hardly his fault that his remark ‘The NHS is the closest thing the English people have to a religion’ has been appropriated ever since by anyone who thinks it’s a clinching argument for privatisation. Actually, it’s the opposite — a clinching argument for the present arrangements. I’ve had to make a lot of visits to hospitals in the past year, far more often than I’ve been to the theatre or the cinema. By force, I’ve seen a great deal of the NHS at first

2519: Not so up-to-date

One clued solution can precede each unclued light (four of two words and one of three), all to be found in Chambers, Brewer, songs or sayings.   Across 9 Come to as Polyphemus would do? (10, three words) 14 Queen perhaps delaying introduction of legislation (3) 16 Amongst others, some retaliate (6, two words) 20 Word for scars strangely metaphorical — no caret needed (7) 22 Head of college conceals article — makes a pile (7) 24 Hester, a remarkable lady (7) 26 Yours only houses a porcupine (5) 28 Work unit holds possible link with Black Forest menace (7, hyphened) 31 New rites to include completely sober musical pieces

2516: Such childish vocabulary – solution

The unclued lights are the nouns from the opening sentence of The Tailor of Gloucester by Beatrix Potter. TAFFETA was extracted from (T)ISSUE, TULIP(A), (F)AILS, (F)REEST, EQUIP(E)S and NO(TA)TION. First prize Robert Stephens, Bearsted, Kent Runners-up R. Dickinson, Lewes, East Sussex; Alan Norman, Impington, Cambridge