It’s only 150 years since a toff was roasted in the remote Dordogne village of Hautefaye. The poor soul was a French aristocrat resented by the locals. Perhaps he was an outsider. Perhaps he was a second-homer taking advantage of the delights of the Dordogne without ever turning up to any 19th-century equivalents of today’s
Gripped by his habitual despair, the French novelist Gustave Flaubert wrote to a friend in 1872, ‘I am appalled at the state of society. I’m filled with the sadness that must have affected the Romans of the 4th century. I feel irredeemable barbarism rising from the bowels of the earth.’ Warming to his bleak scatological
No Bank of England governor has ever been installed in office with quite so much advance hype as Mark Carney. When he moves from running to the Bank of Canada to his new office in Threadneedle Street, expectations will be running high. Carney arrives with a reputation as a master of economic strategy, a man
My response to the appointment of Ian Katz, deputy editor of the Guardian, to the editorship of BBC2’s Newsnight has been one of disbelief and amusement. Of course there’s nothing new in the Beeb hiring a paid-up Guardian-ista. It’s what we have come to expect. But one might have expected its new director-general, Tony Hall,
Imagine, if you can bear it, that you are a first-time buyer in the UK. You go to look at a 500-square-foot box masquerading as a two-bedroom flat in an average sort of area masquerading as an up-and-coming part of London. It’s a new build — one you can just about imagine downgrading your lifestyle
To the British tabloids, he was ‘the Pied Piper of paedophiles’, the UK’s ‘most wanted child abuser’. But we all knew him as Willem: the fat, jolly, occasionally lecherous Dutchman who was a mainstay of Prague’s expatriate gay community. If you visited one of the city’s same-sex watering holes before last August, when Czech police
Oxfordshire The Westminster pundits have all been obsessing over Andrew Feldman’s alleged ‘swivel-eyed loons’ comment about the Tory party’s grass roots. But what about the ‘loons’ themselves? Few in SW1 bothered to ask, so I spent a day in David Cameron’s back yard, hunting them down to find out what they really think of the
The first thing you see after leaving the baggage carousel at Toronto’s Pearson airport is an enormous photograph of Mayor Rob Ford. In it, the former high school football coach grins in his blingy regalia, teeth yellowed, one eye squinting in a semi-wink. His scalp is flushed and shiny through a receding blond hairline and
You know Inferno, the new Dan Brown novel, the one that’s had such fabulously bad reviews? Well, it’s not really about Dante’s Inferno at all. What it’s really about — spoiler alert — is that old bogey: global population explosion. For the baddie, a genetic scientist called Bertrand Zobrist, the big threat to humanity is the inexorable
With the Dow Jones scaling new heights, and other markets not far behind, investors face a dilemma. Is this a time to buy? Or, for those who have suddenly found themselves sitting on a profit for the first time in a decade, is it time to sell? This is the question that faces most investors
‘The central bankers have won,’ a senior City stockbroker said to me this week with an air of resignation. ‘There’s no point fighting them. Investors are doing as they’re told.’ And, wow, how they’re doing as they’re told. Thanks to central bank money-printing, cash is sloshing around the global financial system in desperate search of
When can a famine taste pretty good? The answer is when you are eating the cattle which have just died of thirst. And that’s where we are today in the investment market. The famine is a lack of income — cash held in a completely safe bank, or in short-term government securities, earns almost nothing.
Well, there are two ways. You can own a chunk of a successful spread-betting firm or you can be a spread-better and get things right. Miraculously, I have managed to do both. I shall come back to that. First, let me tell you how it works. How many runs will England make in the first
