In Punxsutawney, Pennsylvania, there lives a fat rodent called Phil whose job it is in the middle of every winter to tell us how much longer we must suffer through the cold and dark until spring. Phil is a groundhog and his annual prediction is taken very seriously. There is even a celebrated film about
As London’s mayor, Sir Alan, you’d be a mere apprentice A recent poll placed Sir Alan Sugar as the leading independent candidate to be the next mayor of London. His statement that ‘…observing the past mayor, Livingstone, and Boris, the current one, I’m confident that it would be a walk in the park for me’,
Ideally I only ever want to come across the word ‘system’ when it’s used by an astronaut and sandwiched between ‘all’ and ‘go’. Ideally I only ever want to come across the word ‘system’ when it’s used by an astronaut and sandwiched between ‘all’ and ‘go’. ‘All systems go!’ has a chirpy, optimistic feel. Eliminate
David Crow meets Mike Lynch, the computer scientist whose firm, Autonomy, makes software that knows how humans think — and can spot when they’re committing fraud The plush Piccadilly offices of Autonomy are decorated with complex mathematical equations, written in buzzing neon lights and frosted onto glass doors. Although the formulas underpin technology that would
I’m your man for the job, Chancellor HM Treasury has placed an advert in the Economist looking for a new external member of the Bank of England’s Monetary Policy Committee, the body that sets UK interest rates, to succeed David Blanchflower. I have decided that it is my duty to apply and have therefore sent
Unlike the swine flu hysteria currently gripping the globe, the affluenza pandemic of the Nineties and early Noughties (first identified by the clinical psychologist Oliver James) was a virulent, socially transmitted disease most of us subliminally hankered to catch. ‘ Unlike the swine flu hysteria currently gripping the globe, the affluenza pandemic of the Nineties
My racing correspondent, Captain Threadneedle, thought that banking and racing went together. He wanted Barclays to buy the Tote: perfect synergy, he thought, with matching systems, merged accounts, an overlapping customer base and a marketing slogan that would write itself: ‘You can bet on your overdraft with Barclays.’ He was, as we now know, before
Minsky’s moment has arrived There is a big political prize dangling over the economic crisis. Whoever now devises a coherent economic programme will mould British society for a generation. Labour won the post-Great Depression prize in 1945 by creating the paternalistic welfare state and won again in 1966 — a short-lived victory — with Harold
Putting Lord Mandelson into an electric Mini may not seem to bear much comparison with putting a man on the moon, but there are interesting parallels. In 1961, the US government embarked on the Apollo space programme, with the ambition of landing astronauts on the moon by the end of the decade. By 1969, it
Eddie was a model public servant: that’s why Gordon was so rude to him In Tokyo in the mid-Eighties, I bumped into a very senior Japanese investment banker who had just been to London to negotiate an operating licence. ‘We met…’ he paused for effect, bowing slightly at the neck and adopting what I can
Twenty years ago I remember driving down Pacific Coast Highway in California with two of my children strapped into their car seats behind me. They were having a humdinger of a row. They were arguing because India had picked her nose and had proudly managed to produce a bogey the size of an ant. While
Jim Cowling has chosen the right moment to launch his new business. An experienced security consultant, he has just set up a company called Shipguard, with a small office in Clerkenwell. The product: providing the men, the know-how, and if necessary the weapons, to defeat the pirates that are the scourge of Somali waters. ‘We’re
The Treasury thought the railways were in terminal decline. John Major’s government thought they were a political nuisance — vexed commuters meant lost voters. Privatisation would get the railways off the government’s back, and breaking them into 100 pieces would mean that if one piece was on strike, the other 99 would not be. In
It’s at trying times like these that my latent inner-bimbo gene struggles to reassert itself. It’s at trying times like these that my latent inner-bimbo gene struggles to reassert itself. Sod equal rights, sod women’s lib and to hell with emancipation. When my car mysteriously vanished outside Waitrose last Friday night I was immediately engulfed
On the eve of South Africa’s election, Janice Warman says its economy remains relatively attractive to investors, despite doubts about incoming president Jacob Zuma In South Africa, everything is not as it seems. If you drive along the edge of the Atlantic Ocean from Muizenberg in Cape Town, you will see a sea of glittering
British Airways staff have sometimes been accused of ‘working without enthusiasm’, says Judi Bevan — but you certainly couldn’t say that of chief executive Willie Walsh Before meeting Willie Walsh, I take a stroll round Terminal 5, marvelling at the vast, elegant haven of calm and efficiency it has become compared with the pandemonium of
I live in fear of that peculiar sharp intake of breath I seem to hear whenever I ask service men actually to service anything I own that doesn’t work. I live in fear of that peculiar sharp intake of breath I seem to hear whenever I ask service men actually to service anything I own
At last, a government response to the financial crisis that is actually working. Am I referring to last November’s VAT cut? Of course not; it has been as ineffectual as we all said it would be. Those loan guarantee schemes for struggling small businesses? Nope, still very little sign of them, I’m afraid, months after
‘From this filthy sewer, pure gold flows’: that was in 1835, but it could be today Alexis de Tocqueville, the great French political commentator, visited Manchester in 1835 when the city was the capital of the world’s textile industry. He wrote: ‘From this foul drain, the greatest stream of human industry flows to fertilise the
Ishaq Chowdhary pulled the top off a wooden crate to show oranges fringed with powdery white mould. It was a freezing morning at the fruit market in Srinagar, capital of the Indian state of Jammu and Kashmir, and market workers, huddling traditional fire-pots beneath their gowns, are sipping tea and starting to unload the day’s
