I do hope you enjoyed that new Ferrari 612 you bought a year ago. After all, it’s cost you more than £1,000 a week. That’s not what it cost to run, it’s what it cost in depreciation before you filled up, taxed and insured the beast. Still, it could have been worse — had you
Laura Staples recalls the American-born retailer whose great Oxford Street emporium revolutionised British shopping habits — and is holding out against recession today Laura Staples recalls the American-born retailer whose great Oxford Street emporium revolutionised British shopping habits — and is holding out against recession today One hundred years ago this week, Harry Gordon Selfridge
Dividends — the directors’ cut At least the savers whose interest rates have been squeezed still have their money in the bank. Shareholders, by contrast, are seeing their dividends slashed after also suffering substantial share price falls — and there is no compensation scheme to cover their lost capital. That is a risk of equity
With one of those tremendous jolts to memory, I was taken back 60 years by the death of Conchita Cintron. She was the greatest of all women bullfighters and I was incredibly lucky to see her, in 1950, for that was the last year she was in the ring. Where did this take place? Was
‘Mum, have you ever been cock-blocked?’ asked my 19-year-old daughter on a recent visit home from university. ‘Mum, have you ever been cock-blocked?’ asked my 19-year-old daughter on a recent visit home from university. ‘Because it’s driving me crazy and I just don’t know how to deal with it. I thought you might have some
For testosterone-driven City high-fliers, the world has fallen apart, says psychotherapist Lucy Beresford — and one result is a dramatic rise in sexually disturbed behaviour There’s no doubting the trauma in today’s City: redundancy is rife and those who still have jobs are struggling to cope with an utterly changed financial world. No wonder a
A.J.P. Taylor liked to talk about the Great Depression of the Thirties. ‘It was all right for some, such as myself,’ he said, with satisfaction. ‘With a nice, safe job as a university don, I was sitting pretty. Prices were stable or going down. Don’t let anyone tell you deflation is a bad thing. It’s
Munchausen on its own is a psychological disorder in which a person makes him or herself appear ill in order to get attention or nurturing. Munchausen by proxy is when a person fabricates or induces illness in a person under their care. These individuals tend to be highly secretive and use multiple false identities. Now
What are the salient evils of our time? They are two-fold. One is social engineering, the idea that human beings can be changed, improved and moved about as though they are quantities of cement or concrete. Today, virtually all regimes, whether democratic, dodgy or outright totalitarian, practise social engineering. Not least Gordon Brown’s crumbling New
A family-sized bag of Minstrels. A tube of sour-cream-flavoured Pringles. A drum of popcorn. Cookie-dough-flavoured Häagen-Dazs ice-cream. A litre of Diet Coke. For one brief moment I actually thought Ocado had extended their home delivery service to include Chelsea cinemas. I had to move my handbag off the floor just to make room for the
Lloyds becomes one more catastrophe for which Brown will never apologise How Lloyds Banking Group chairman Sir Victor Blank must regret not having had a prior engagement on Monday 15 September last year, the night he bumped into Gordon Brown at a City reception and got bounced into the takeover of HBOS by Lloyds TSB.
During the Arctic weather I re-read that finest of winter pastorals, ‘Snowbound’ by John Greenleaf Whittier (1807-92). It gripped me, as it always does, by its combination of intense realism about the present and its imaginative sympathy for the past. Whittier describes heavy snow sealing off a household in the early 19th century, about the
Last week I lost it. I flipped out. Actually if I’m being totally truthful I didn’t just flip: I f***ing flipped. Like Boris Johnson, I had a Vaz-attack of epic, expletive-laden telephone rage. Having recently received the Transport for London form to renew and pre-pay my annual (discounted) congestion charge, I’d managed to get my
The Insolvency Service has sent me a questionnaire seeking my views on bankruptcy. At first, I was enthused by this chance to say what I think about Gordon Brown’s reforms which have led to an explosion in personal bankruptcies — a record 200 of them per day in the last quarter of 2008 — and
Being a professional writer is a hard life. Producing a book, especially a long one, is a severe test of courage and endurance. For even after a successful day of writing, one must begin again the next morning, the blank sheet of paper in front of you: a daunting image to start the day, the
It’s not just politically incorrect toys that need to be hidden in the attic; certain words also need to be junked. It’s not just politically incorrect toys that need to be hidden in the attic; certain words also need to be junked. ‘Sorry’ has lost its mojo for me, it’s gone mainstream. It’s one of
‘One of my American clients recently lamented: “If only I’d put as much money into military medals over the last year as I’d put into the stock market,”’ says Peter Dangerfield, owner of online medals dealership www.medal-medaille.com. The markets for military medals and ephemera are strong, with new buyers venturing into the militaria world in
‘Mr Ten Per Cent’ has long been a term of contempt. Indeed, finagling Hollywood agents’ decimation of their clients’ earnings resulted in one of the few successful exports of a Spoonerism to California — to explain the difference between a talent agent and a rooster (the latter ‘clucks defiance’). So why has it taken a
It has been a terrible 12 months for investors. It didn’t make much difference whether you invested in stocks, commodities or corporate bonds, the chances were you took a hammering. Even gold failed to sparkle as the credit crunch cut a swath through every kind of asset class. And yet there were a few individuals
So Business Secretary Lord Mandelson is planning to turn the Post Office into a ‘people’s bank’ — to add to the taxpayers’ portfolio that includes most of Royal Bank of Scotland, the biggest stake in Lloyds Banking Group, the rejuvenated Northern Rock, the rump of Bradford & Bingley, and dear old National Savings & Investments.