It’s a law of the financial jungle that where there is debt there is desperation and where there is desperation you can sell all manner of dodgy ‘solutions’. Last year, commercial radio stations were full of ads telling us that — thanks to a ‘little-known loophole’ — half our debt could be wiped off if
It’s always the smallest thing that tips one over the edge. It’s always the smallest thing that tips one over the edge. This week I cracked. I sat on the pavement outside King Edward VII’s hospital and shamelessly sobbed. My husband was ill with septicaemia, and I was desperate to get to him. I was
Afghan farmers can prosper by producing the world’s finest melons, pomegranates and grapes, says Elliot Wilson, but first they must be weaned off growing the opium poppy Modern-day Afghanistan conjures up many fearsome images, from rocket-launchers and retreating Soviet tanks to mujahedin warriors and Taleban zealots. Yet this war-ravaged central Asian state, which has to
When I was younger (old habits obviously die hard and you have to forgive me for not automatically writing ‘when I was young’ — it’s just going to take a bit more practice), I used to find a particular greeting card amusing. It was a cartoon of a demented-looking career woman. She had one hand clutching
I don’t give a toss about my MP’s flat, but I’m bloody livid about council tax Next Thursday’s elections have been so overwhelmed by the scandal of Westminster expenses that candidates for the major parties have scarcely shown their faces in my part of the world. And voters, content to fulminate at the daily pageant
Lucinda Baring meets Simon Berry, chairman of a 200-year-old company that’s more modern than it looks Berry Bros & Rudd in St James’s Street epitomises the idea of an old-fashioned wine merchant. Outside, the façade has remained largely unchanged for centuries. Inside, the panelling, desks and uneven wooden floor transport you to an era long
I am not one of those who believe that God made the highways solely in order for motorists to inherit the earth. But any milk of human kindness flowing through my veins curdles when I am driving on the Embankment during the early morning rush hour. I have to make the big sacrifice of not
Who will finally sit Gordon Brown down with a bottle of whisky, a loaded revolver and a copy of his own book on courage, and tell him the game is up? You might imagine the task would fall to Jack Straw, flanked by a couple of union bosses. In fact, it’s more likely to be
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