Crash comparison What’s the biggest stock market crash ever? – There are different ways to measure a crash. The biggest percentage fall in the Dow Jones Index in a single day occurred on 19 October 1987 (or ‘Black Monday’) when the Dow fell by 22.6%. – The biggest fall in percentage terms over a longer
The theme-word is SMITH which can be preceded by GOLD (24A), LADY (37A), HAMMER (3D), BLACK (5D) and SILVER (22D). The pertinent quotation ‘A mighty man is he’ at 9D comes from The Village Blacksmith by Longfellow. BLACK had to be shaded. First prize Andy Grady, Tutbury, Staffs Runners-up Steve Reszetniak, Margate, Kent; Oenone Green,
Parliament’s last day before recess is usually a dull affair. A one-line whip allows MPs to return to their constituencies early and the matters for debate are deliberately parochial. When the Commons rose for Easter this week, the government could have expected attention to have been even more desultory than normal, since politicians and the
Home In response to President Donald Trump’s global tariffs, Sir Keir Starmer, the Prime Minister, said: ‘This is not just a short-term tactical exercise. It is the beginning of a new era.’ He wrote in the Sunday Telegraph: ‘We stand ready to use industrial policy to help shelter British business from the storm.’ The FTSE100
Open arms Sir: The latest magazine (29 March) has two references to American military capabilities, from Rod Liddle and Francis Pike. Mr Liddle suggests that the prevalent attitude over there is that we ‘Yerpeans’ should have contributed more to the recent strike on Yemen (‘America first, Europe last’). He may not have known it was
The unclued lights (with the pair at 41/2) include the colours of the RAINBOW, as confirmed by 24 Across. First prize Roslyn Shapland, Ilkeston, Derbyshire Runners-up C.G. Millin, Ramleaze, Wilts; Susan Hay, Wolverhampton
Home For many, ‘Terrible Tuesday’ began ‘Awful April’ with increased bills for water, energy, council tax (to an average in England of £2,280), road tax, telephone charges, broadband, the television licence and stamp duty. Sir Keir Starmer, the Prime Minister, spoke to President Donald Trump of the US as makers of motor vehicles, Britain’s biggest
An industry poll by the British Film Institute in 2000 to find Britain’s best television programme put Fawlty Towers first and Cathy Come Home second. The latter, Ken Loach’s bleak 1966 play about a woman’s downward descent through unemployment, homelessness and poverty, is about as far from John Cleese’s inimitable farce as can be conceived.
The Spectator runs the UK’s only double-blind internship scheme. We don’t ask for a CV, we don’t use your name. We don’t care where (or whether) you went to university, we anonymise your application. We give each applicant a city name, mark out of 100 and give offers to the best ones. You’ll come in for
Not zero Sir: I was delighted to see your leading article about the impossibility of net zero (‘Carbon candour’, 22 March). We need now to expose its futility. The UK’s efforts will make no difference at all to global temperature. Whether it is naturally occurring or produced through coal burning, there is not the slightest
The unclued lights were odes by Keats and Shelley. The title could sound like ‘Some Addresses’. First prize Peter Wreford, Cambridge Runners-up Angela Tebbutt, West Caister, Norfolk; Anthony Harker, Oxford
Rachel Reeves may not be the most mellifluous writer ever to inhabit 11 Downing Street. At the weekend, she informed readers of the Mail on Sunday that she would ‘make no apology for keeping an iron grip on the country’s finances’ but was happy to spend money on training more ‘brickies, sparkies and chippies’. The
Home In the Spring Statement, Rachel Reeves, the Chancellor of the Exchequer, made further cuts to benefits (such as freezing the Universal Credit health element for new claimants). The Office for Budget Responsibility had said that the cuts announced before would not let her meet her budget rules. She now planned a £9.9 billion surplus
That ship has sailed The BBC children’s television programme Blue Peter will no longer be broadcast live. Why did it go by that name? – Blue Peter is the nickname of the international maritime signal flag for the letter ‘P’, consisting of white square inside a blue square. When displayed on its own it means
Beneath the towering oils of holy deaths — Cascading thunderstorms of crucifixion, Hands tortured into final benediction, Forgiveness in so many final breaths — They stand, a little dull, a little pale, A little worn by all the years of prayer, As if the hopes still hanging in the air Had left them strangely tired
Blood on our hands Sir: Paul Wood asks if anyone will be punished for the bloodbath in Syria (‘Massacre of the innocents’, 15 March). But where does one start? What we have seen most recently are the dreadful consequences – as also in Iraq and Afghanistan – of selfish western meddling in the Middle East
‘YOU MIGHT AS WELL FALL FLAT ON YOUR FACE AS LEAN OVER TOO FAR BACKWARD’ – James THURBER (from ‘The Bear Who Let It Alone’ in the New Yorker of 29 April 1939). First prize Rhidian Llewellyn, South Africa Runners-up Emma Corke, Abinger Hammer, Surrey; Gerry Fairweather, Layer Marney, Essex
The recession relationship There are fears that the US and UK may both be heading for a recession. Has the US ever suffered a recession which did not spread to Britain? Since the Great Depression of the early 1930s there have been 16 identifiable periods in which the US met the usual definition of a
Home Sir Keir Starmer, the Prime Minister, entertained 29 other national leaders online to seek a way of guaranteeing the future security of Ukraine. He then invited European defence leaders to meet in London. He spoke by phone to President Volodymyr Zelensky after the inconclusive conversation between President Donald Trump and President Vladimir Putin. John
Kemi Badenoch secured the Conservative leadership on the basis that she would confront her party and the country with uncomfortable truths. This week, in a speech to launch the Tories’ policy renewal programme, she effectively told Theresa May and Boris Johnson that they were naifs for committing to unachievable climate targets. The decarbonisation of our