Students of words enjoy the way in which adjectives normally used to describe reprehensible actions are whitewashed to become terms of praise. One instance, which has caught my eye recently, is ‘aggressive’. In the past few days I have seen a firm’s brochure praising its ‘aggressive approach to the worldwide sale of megayachts’, a reference
With Alistair Darling coming under increasing pressure after the loss of the personal data of twenty-five million people by Her Majesty’s Revenue and Customs, Martin Vander Weyer reviews how Darling and Gordon Brown have also moved into the firing line in the whole Northern Rock debacle. They along with its employees and shareholders now have the
There is a lot of borrowing around these days. How can we judge this? Last year, total securities issuance came in at $11.5 trillion, about 25 per cent of world GDP according to IMF estimates. This statistic is every bit as batty — and as true — as the tabloid headline in 1989 that the
For a man who has been Chancellor of the Exchequer for just over four months, Alistair Darling has certainly made some powerful enemies. In fact, it’s hard to think of anybody important with whom he hasn’t fallen out. Sir Ronald Cohen, the private equity king who is one of Labour’s most prominent business supporters, has
Our gallant armed forces who face the daily horrors of Iraq and Afghanistan are often said to be undervalued by the public. But at least in the narrow financial sense, that cannot be said of historic acts of bravery and devotion to duty and the medals that commemorate them. Have you ever looked to see
Is prison reform an economic issue, as well as a moral and social one? Well, if it’s uppermost in my mind and this column, then it must be — and it holds both of those positions this week not so much in response to the news that ex-jailbird Jonathan Aitken is to head a Tory
I like to think I was the first (indeed I may have been the only) journalist to have been invited to climb the scaffolding under the clock at St Pancras station. That was back at the beginning of May, when the refurbishment of what is, from today, London’s Eurostar terminus still had a little over
The relationship between a great artist and his sitters is a poignant one. But what they say to each other during the long periods of concentrated stillness, on the one hand, and frenzied search for a likeness, on the other, is seldom recorded. We do not know what Leonardo said to the Mona Lisa to
Martin Broughton looks so lean and fit for someone of 60 that I worry he is playing too much golf. But no, his handicap is still only 17, a long way from the single digits that signal too much time teeing off and not enough pressing the flesh on behalf of British Airways and the
Next weekend is the 40th anniversary of Harold Wilson slashing sterling’s official value from $2.80 to $2.40 and telling us the pound in our pocket had not been devalued. It was a disaster, Wilson later confessed in his memoirs: a national shame that interrupted the Swinging Sixties. And now the pound has risen above $2
This year’s must-have Christmas present is a small rectangle of plastic, the size of a credit card. It costs E129,000, or a little short of £100,000 at current rates of exchange. Well, actually, it was last year’s must-have for those who consider themselves really up with the zeitgeist, but a NetJets card is still a
This should have been Boris’s gig, of course. Our former editor’s perilous journey into the heart of the Scouse soul was a penance of sorts for that notorious Spectator editorial. But amid the media scrum, he didn’t have much chance to do anything but murmur a few defensive sorrys, hair flapping in the angry breeze.
I don’t want to know too much about writers. The endless revelations about Sylvia Plath and Ted Hughes have put me off their poetry. Nothing can shake my love of Keats’s Odes but I don’t have any desire to see his full medical records. Nor do I care to learn anything more about Byron’s club
Vladimir Putin’s efforts to divide the West may be on the back foot now that Nicolas Sarkozy and Angela Merkel have decided to stop being beastly to the Americans, but his most effective attack dog — Gazprom — is gleefully setting EU countries against each other. For governments fixated on more immediate threats such as
Everyone’s an expert on agriculture these days. Talk to anyone in the City: when they’re not boring you with how much copper wire it takes to build a satellite city outside Shanghai and what that means for mining shares, they’re telling you about soy bean yields in Brazil and the rising price of powdered milk.
Hu Bin is your archetypal Chinese real-estate entrepreneur. Built like a bull, with a huge, moon-shaped head, a permanent grin and tiny, nicotine-blackened teeth, he is also the embodiment of Beijing’s sudden determination to use its huge capital reserves to buy the world. Despite an estimated £5 billion fortune, Hu Bin would normally have remained
Rail delays are a daily fact of life, but Grand Central’s ghost train has set new records. Due to depart from Sunderland last December, it has yet to pass York en route to King’s Cross. I’ve read the timetable — three services a day north and south. I’ve read the BBC travel website, which reports
‘A triumph for the European Commission’ (as USA Today chose to describe it) is not something usually to be celebrated here. But yesterday’s finding by the European Court of Justice against Germany’s ‘VW law’ – protecting Volkswagen against takeover via a blocking minority vote held by the state – really does look like a blow
My favourite spot in London is the Round Pond in Kensington Gardens. I like to sit there, preferably early in the morning, and watch the waterfowl. They are of three kinds. The swans are rulers of the pond, as they must be. I once counted no fewer than 90 of them on the water, but
Matthew Lynn says shareholder activist Eric Knight is right to castigate HSBC’s strategy, and that the bank’s deeply religious chairman Stephen Green now faces a battle to hang on to his job When he isn’t running the world’s second biggest bank, Stephen Green, the chairman of HSBC, is an ordained priest and amateur theologian. In