Society

Less a rage against the dying of the light, more a prolonged, high-pitched whine of complaint and self-justification, the sound of a swarm of badly earthed strimmers, heard from a distance on an early autumn morning. The Commission for Racial Equality has issued its valedictory press release before its duties are acquired by the Commission for Equality and Human Rights next month. The new organisation, headed by Trevor Phillips, will co-ordinate all manner of whining on behalf of absolutely anybody who considers him- or herself to be oppressed and victimised and discriminated against by the vindictive white male hegemony. Good luck to it. The CRE, meanwhile, has left us with

Martin Vander Weyer examines who should be held responsible for the Northern Rock crisis and finds that as much as any individual, the system that Gordon Brown put in place in 1997 should be held responsible. Martin Vander Weyer The search for suspects goes on, the theories become more bizarre by the day, and yet no one’s quite sure whether there’s really a body. I speak of course of Northern Rock. Is it dead on its feet, creditworthiness destroyed, business model incapable of withstanding the stormy market conditions ahead, its management humiliated? Or will it now stagger on under its Treasury guarantee and award chief executive Adam Applegarth and his team a

Paul Krugman complains that the scale of Democratic triumphs is deliberately under-played by the American media. Conspiracy! In fact, it’s quite strange how the magnitude of the Democratic victory has been downplayed. After the 1994 election, the cover of Time showed a charging elephant, and the headline read “GOP stampede.” Indeed, the GOP had won an impressive victory: in House races, Republicans had a 7 percentage point lead in the two-party vote. In 2006, Time’s cover was much more subdued; two overlapping circles, and the headline “The center is the new place to be.” You might assume that this was because the Democrats barely eked out a victory. In fact,

I have been remiss, gentle reader, in failing to post another corker from The Daily Telegraph’s obituary pages. Lord Michael Pratt, who has died aged 61, will be remembered as one of the last Wodehouseian figures to inhabit London’s clubland and as a much travelled author who pined for the days of Empire; he will also be remembered as an unabashed snob and social interloper on a grand scale. Pratt would arrive at country houses announcing that he was en route to another castle or (even larger) stately home, and was intending to stay for only one night. Quite often the “night” would turn into weeks, and sometimes months. Although

As David Cameron prepares to speak, I would like to helpfully outline five components behind the mess we see today. 1. Bungling central bankers: As I blogged earlier, the Bank of England refused to support banks with the zero-penalty lending rates offered in every other major world economy. There’s a strong case for such discipline, but I believe a stronger one for keeping liquidity moving if there’s a risk of a run on the banks.  2. Dozy regulators: The FSA hasn’t kept pace with the UK’s fast-evolving banking sector. Northern Rock had stood out a mile as the most highly leveraged bank in Europe, yet the FSA didn’t see any problems. The

We took Alastair on holiday with us this year. Listened to his version of the Blair years in the car all the way to Biarritz — it was either him or French pop music. We took Alastair on holiday with us this year. Listened to his version of the Blair years in the car all the way to Biarritz — it was either him or French pop music. And no, unlike the average Travelodge customer, we didn’t leave him in the nearest service station for someone else to enjoy (is it just me, or does he have a crush on Bill Clinton?) Anyway, he was soon forgotten as we cycled