A ‘black swan event’, as defined by the risk analyst Nassim Nicholas Taleb in 2007, is a surprise occurrence that has a major impact on the global financial system and is rationalised after the fact as something that ought to have been expected all along. The 9/11 terror attacks are one example, the Covid pandemic
‘You wouldn’t steal a car…’ began the early noughties anti-piracy video. ‘You wouldn’t steal a television… You wouldn’t steal a handbag.’ No, but it seems from reports from restaurants, you might slip some silverware into a handbag if you’re out for dinner. In February, Gordon Ramsay revealed that nearly 500 cat figurines had been stolen
After a two-hour phone call last month, Donald Trump and Vladimir Putin announced that an improved bilateral relationship between the United States and Russia ‘has huge upside’, including ‘enormous economic deals and geopolitical stability’. Days later, however, Trump said he was ‘pissed off’ with Russia over its foot-dragging on a ceasefire in Ukraine. Putin’s demand,
Having been made redundant from a job in the City, I could have afforded not to sign on at all. But since my P45 showed I had paid well over £40,000 in income tax last year, I didn’t feel desperately guilty about clawing back £90 a week in New Style Jobseeker’s Allowance. I didn’t know
Rats grown fat on refuse prowl the streets of Birmingham. Mounds of rubbish pile up outside houses. Desperate to avoid blame, the city’s politicians bleat about being held to ransom by a pesky union. ‘Welcome to Brum,’ one resident said as he caught me taking a photo of a bin mountain. Even CNN has a
Looking for a light, breezy read? If you happened to be browsing the bestseller bookshelves this summer your eye might be drawn to a cover that shows two colourful beach chairs under wafting palms on a bright, sandy shore. The shadows cast by the chairs become those of two children – maybe it’s a story
In the latest series of The White Lotus – a moral fable about the narcissism and toxicity of the privileged class – Parker Posey plays Victoria Ratliff, a Southern matriarch routinely spaced out on the tranquilliser lorazepam. Her daughter Piper asks why she needs it. ‘Certain social situations make me anxious,’ she drawls. When her
In 2011, the Hampstead theatre put on an autobiographical play about a marriage strained by lies, betrayal and, as the exasperated wife says, the presence of ‘three of us’ in the relationship. The play was Loyalty by the journalist Sarah Helm, the third person was Tony Blair and the principal male character was a barely
It wasn’t that long ago when the fashionable gathering place for young couples was a meeting of the National Childbirth Trust. I remember, in the early months of 1995, sitting in our instructor’s front room as she passed around a plastic model of a female pelvis while she asked us: ‘So how do you think
There’s a joke that does the rounds about a Pakistani couple who get a divorce. After their union is dissolved, one of them says to the other: ‘Well, at least we’re still cousins!’ I feel slightly guilty whenever I laugh, yet there is some truth to it. I remember at my secondary school how Pakistani
