Any other business

And another thing | 19 January 2008

Charles Lamb, writing to Joseph Hume at Christmas 1807 on the subject of ‘a certain turkey and a contingent plumb-pudding’, added, ‘I always spell plumb-pudding with a b, I think it reads fatter and more suetty’. As it happens, the big OED has found the same suetty spelling in a cookery book published in 1726.

The military millionaires who control Pakistan Inc

Elliot Wilson says Pakistan’s economy is dominated by a ruthless business conglomerate that owns everything from factories and bakeries to farmland and golf courses: the army Sometime in late 2004, Pakistan’s all-powerful army made a curious decision. Under mounting pressure from London and Washington to capture Osama bin Laden, believed to be hiding in Baluchistan,

Rock On

Since I’m not a Northern rock shareholder, I wasn’t at yesterday’s EGM in Newcastle’s Metro Radio Arena – so I’m grateful to Graeme Wearden on the Guardian’s NewsBlog for a blow-by-blow account of the proceedings. A lot of ‘north-east (hurt?) pride’ was on display, he writes, as well as some natty shirting worn by the

What has sawing a lady in half to do with global warming?

At this time of year, exactly 70 years ago, I was taken to my first exhibition of professional conjuring. The magus called himself Dante — he was Danish-American and his real name was Harry Jansen. He had an amazing moustache and beard, wore dazzling evening dress and a red satin-lined cloak, and performed his tricks

The economy in 2008: chilly showers but no hailstorms

Allister Heath forecasts that Britain’s economy will suffer less than America’s, but that homeowners and consumers will still feel the pain — and blame it on Gordon Brown First, the good news: there will be no recession next year in Britain. But while avoiding ‘the Big R’ will be some cause for celebration, the overall

A cheer for the quetzal, a sigh for the heron

By far the most entertaining show in London is the comprehensive exhibition of paintings by Millais at Tate Britain. In addition to his genius for creating an image which remains in the mind — the surest sign of a great painter — Millais had a wonderful knack of portraying interesting subjects and objects and took

Is there an alternative to nationalising Northern Rock?

Tuesday’s announcement that the Treasury will guarantee lending from other banks to Northern Rock is last ditch bid to avoid having to nationalise the bank. But in truth, most of the best options were closed off by inaction back in September. National Rock? With the announcement this morning of a further extension of the scope

Martin Vander Weyer

The lord on the board and the gilded rogue

The last Lord Ribblesdale, who died in 1925, is remembered chiefly as the subject of a remarkable portrait, known as ‘The Ancestor’, by John Singer Sargent. For those who enjoy the byways of social history, this tall, unmistakably aristocratic figure in late-Victorian hunting garb is also remembered for other things: he was a celebrated amateur

In Tianjin

The Wangdingdi market on the outskirts of this fast-growing port city in north-east China is an extraordinary sight. It might be the world’s largest bicycle market; it’s certainly the loudest. In the roiling heat of a Chinese summer, touts at the market gather in a liquid throng, moving like mercury, urging — sometimes almost rugby-tackling

In Budapest

Budapest is the only city I know where Gresham’s Law takes pride of place. On the Pest side of the Danube opposite the Iron Bridge, in a niche on the front of what is now the Four Seasons Hotel, stands a statue of the propounder of ‘Bad Money Drives Out Good’. His presence is a

In New Orleans

As New Orleans continues its slow slog towards recovery from Hurricane Katrina, the first signs of new life in still-devastated neighbourhoods have often been the markets. It’s fitting that the city that boasts America’s oldest urban bazaar — the newly refurbished French Market in the unflooded French Quarter — should see community markets as a

The last Victorian bastion besieged

Matthew Lynn says London’s last 19th-century merchant bank, Close Brothers, is under threat of takeover by one of the modern breed of aggressive City traders, Andy Stewart Anyone approaching the headquarters of Close Brothers just off Broadgate in the heart of the City may be reminded of the words that open the Asterix books, about

Braced for a new oil shock? Relax, this isn’t the 1970s

Those of us born in the late 1970s have a great advantage when it comes to understanding today’s oil market: we cannot remember Opec embargoes, nor the double-digit inflation and bitter recessions they triggered. So while many of our elders and betters were predicting Armageddon as the price of oil climbed inexorably over the past