This is the leading article in this week’s Spectator magazine. Since its inception, cryptocurrency has been regarded as technically fascinating but fundamentally unreliable. Those who invested £10 in Bitcoin eight years ago would have £1.6 million today — a fluctuation which, while mind-boggling, further undermines the notion that digitally created currency is a stable store
Where capitalism fails Sir: James Delingpole is right, of course, to extol the virtues of capitalism (‘We don’t deserve capitalism’, 5 May) but wrong to imagine that if only we stuck to strict capitalist principles we could cure problems like the allegedly system-clogging bureaucracy in the NHS. The United States probably has the most ‘capitalistic’
Home Although the world was led to believe that, thanks to the vote of Sajid Javid, the new Home Secretary, the idea of a ‘customs partnership’ with the EU had been killed by six to five in the cabinet Brexit sub-committee, the corpse was revivified by Greg Clark, the Business Secretary, on the Andrew Marr
Since its inception, cryptocurrency has been regarded as technically fascinating but fundamentally unreliable. Those who invested £10 in Bitcoin eight years ago would have £1.6 million today — a fluctuation which, while mind-boggling, further undermines the notion that digitally created currency is a stable store of value. At first, it was dismissed as a toy
13 1A 23 22 is from SHELLEY’S ‘Ode to a Skylark’. Other unclued lights had ‘a poet hidden in the light’: OVID in 6A; LARKIN in 16; ELIOT in 17; TATE in 42; AUDEN in 43. Two poets’ names in the puzzle’s real title, ‘A Poet Skylarking’, needed highlighting. First prize Wilf Lewsey, East
From ‘The situation on the Western Front in light of the Paris speech’, 11 May 1918: Instead of the Western Front proving impenetrable, the enemy has penetrated it, and brought us nearer a position of peril than we have been in since the retreat from Mons. There has been ‘real unity in the war direction
The key results from the 2018 local elections: The Tories win Barnet and hold Westminster and Wandsworth, despite predictions Labour could seize the two Tory strongholds Labour take control of Plymouth from the Tories The Lib Dems win Richmond and Kingston-upon-Thames, on a good night for Vince Cable Ukip’s falling vote share hands the Tories
Campaign for real cricket Sir: Geoffrey Wheatcroft’s splendid article ‘Cricket, unlovely cricket’ (28 April) remonstrated against the threat to Test matches and the County Championship posed by the juggernaut of what he termed ‘Twenty20Trash’. He ended with the words ‘after the very successful Campaign for Real Ale, what about a Campaign for Real Cricket?’ As
Home The prospect of Brexit in name only hovered on the horizon as the government contemplated an association agreement with the EU, which Jacob Rees-Mogg dismissed as ‘second-tier EU membership’. The cabinet’s Brexit sub-committee considered two ways of coping with the Irish problem: either a customs partnership with the EU, in which Britain would collect
Is this thing on? Sainsbury’s Chief Executive Mike Coupe was recorded singing ‘We’re in the Money’ as he prepared to go on ITV news about his company’s proposed merger with Asda. Other embarrassing microphone moments: — Ronald Reagan was preparing for his weekly broadcast on National Public Radio in 1984 when he joked to technicians:
The local elections have thrown up a paradox. In theory, Britain has never had more devolution: we have assemblies in Edinburgh and Cardiff, city mayors in England, elected police chiefs and the supposed Northern Powerhouse. So, the run-up to the vote ought to have been dominated by local issues, with a new breed of local
Parts indicated in clues in italics must each BREAK NEW GROUND (1A 4A), creating entries at 6, 13, 26, 39 and 40; definitions of these entries are 2, 15A, 33, 27 and 20. First prize Chris Edwards, Pudsey, Leeds Runners-up Sebastian Robinson, Glasgow; Chris Butler, Borough Green, Kent
In this week’s podcast, we discuss Theresa May’s impossible situation – how can she get herself out of the bind created by the Brexiteers and the Remainers? We also discuss the hostile environment policy, and ask, will Ireland appeal its Eighth Amendment? First, Theresa May finds herself in a real dilemma. Her cabinet colleagues, the
Kill or cure An anti-war protester on a march against the Syrian missile attacks claimed that President Assad couldn’t be a bad man because ‘he’s a doctor, for heaven’s sake’. Some other qualified medics who provide counter-evidence for this theory: — Dr Harold Shipman GP in Hyde, Manchester, convicted of 15 murders in 2000, though
Resetting Brexit Sir: I agree with Fraser Nelson’s article ‘Brexit blunders’ (21 April). I am a Leaver, but immigration did not figure in my decision in the referendum. On the contrary, I recall many years ago hearing that some 240 languages were spoken in London and the UK, and for some reason it made me immensely
After spending most of his presidency posing a nuclear-armed hothead, Kim Jong-un is now presenting himself as a man of peace. ‘I came here to put an end to the history of confrontation,’ he said on his historic visit to South Korea. Which might be so. But his real agenda may be to gain acceptance
Home No. 10 insisted: ‘We will not be staying in the customs union or joining a customs union.’ The undertaking came after a defeat for the government on the matter in the House of Lords and before a vote in the House of Commons. The government proposed two alternatives: one being a ‘customs partnership’ in
The unclued lights are (too many) TV COOKS, individually at 18, 21 and 28, and paired at 25/13, 27/1A, 30D/10 and 42/7A. First prize Margaret Lusk, Fulwood, Preston Runners-up Alison Latham, Pinkneys Green, Berks; Matthew Hudson, Stoneleigh, Surrey