Recently a friend from abroad, anxious to enrich himself from our past, asked me about the cathedrals. Which must he visit, which should he visit if he had time? These are not easy questions. Many years ago I wrote a book about British cathedrals and was surprised to discover how many of them there are,
If only Alan Greenspan had read John Locke more attentively. The 17th-century philosopher, who doubled as a brilliant economist, was among the earliest exponents of the law of unintended consequences. It is one of the most powerful lessons economics has to teach, yet one the former US Federal Reserve chairman conspicuously failed to heed. To
Chilling echoes of the 2001 dotcom crash attended the flotation of the internet price comparison business Moneysupermarket.com at the end of last month. Simon Nixon — not the financial journalist of that name but the company’s founder — was jetting around America and Europe on his roadshow as the market started to wobble, spooked by
In this age of creeping censorship ‘mad’ is not a word to be used lightly. It would certainly be unlawful to use it in Kipling’s sense when he refers to frontier tribes being ‘stirred up’ by ‘a mad mullah’. In this age of creeping censorship ‘mad’ is not a word to be used lightly. It
It is 12 years since Tony Blair did battle with the socialist dinosaurs and forced them to abandon their commitment to nationalisation with his celebrated ‘Clause 4 moment’ — the very birth of New Labour. It is 12 years since Tony Blair did battle with the socialist dinosaurs and forced them to abandon their commitment
I suppose in 100 years’ time, perhaps much sooner, no one will smoke. So we will be back where we were before the 16th century, when adventurers like Raleigh brought the Red Indian habit of smoking tobacco to Europe. I suppose in 100 years’ time, perhaps much sooner, no one will smoke. So we will
The cartoonist Vicky (Victor Weisz, 1913–66) fled to London not long after the Reichstag fire, with the Gestapo at his heels. Had he not possessed a Hungarian passport he would never have got away, for as the boy wonder of Berlin political cartooning in the 12 Uhr Blatt, he had gone for Hitler as far
Stamps, it is said, are the most valuable commodity on earth by weight. An 1868 Benjamin Franklin stamp, for example — a standard-sized stamp weighing a fraction of a fraction of a gram — was bought recently for $2.97 million by an American investor. So the claim may well be true. Rare and desirable stamps,
Private equity investment, backing venture capital and management buy-outs, has been around a long time. Private-equity takeovers of public companies listed on the stock exchange are a more recent development; and the number and size of such transactions has increased dramatically. Since some identified individuals have made enormous fortunes, inevitably there has been a bit
At this time of year my thoughts often dwell on the Loch Ness Monster. Let me recapitulate what we know about this beast. It was first spotted on 22 July 1932. It was described as crossing the main road running north of Loch Ness and being about six feet long. Later it was seen in
Morgan Stanley has just hosted its first ‘early access’ event for young women: 75 girls from 15 top schools were taken on a tour of the trading floor (I bet there weren’t many traders off sick that day) Morgan Stanley has just hosted its first ‘early access’ event for young women: 75 girls from 15
It’s not every day a former KGB spy invites you to interview him. But Alexander Lebedev is not your typical KGB spy. He’s made billions in stock-market trading, he throws lavish parties in London attended by the likes of Tom Wolfe and J.K. Rowling, and he might just be the most serious critic of Kremlin
The wet weather this summer has made me think about umbrellas, and the curious moral associations they attract. It is not so in the Orient, where they were invented (in China) sometime early in the first millennium bc. There they were designed to protect exalted persons against the sun. They were carried by attendants in
We’ve all been there: the brain stuck in first gear during an interview; an inappropriate remark to a senior colleague or client; uncontrollable shaking before a speech in public. For most of us these are relatively isolated incidents. There are, however, serial offenders whose failure to control their manners and nerves ultimately proves fatal in
Shoppers stay home as rates and floods rise — but there’s a bit of better news for M&S Shoppers have spent these past few weeks sheltering from incessant rain, rising interest rates and renewed threats of terrorism. Fuel- and flood-hit food prices are on an up-trend too, so we must brace ourselves for a spate
Ah, the terrible persistence of the irritating jingle. It’s nearly 30 years since ‘Thousands of parts for millions of cars’ last assaulted our ears, but I’ll bet millions of middle-aged Britons, motorists or not, can render it pretty faithfully. The company behind the jingle was a leaky lifeboat from the sinking British Leyland. It was
Retirement, especially for a prime minister, used to being frantically busy in the full gaze of the public, is a melancholy thing. The younger he — or she — is, the more it hurts, with long years of inactivity and growing oblivion stretching ahead. I often think that the most successful of all British politicians,
In Washington, the campaign to put another Clinton in the White House is well underway. In Argentina, the next president could also be the wife of a man who has held the highest office before. President Néstor Kirchner, who grabbed the top job four years ago after polling just 22 per cent of the vote
On 20 July, one of America’s most influential businesswomen, Cathy Kinney, will swap Wall Street for the boulevards of Paris. Kinney is one of the New York Stock Exchange’s big chiefs — president and co-chief operating officer of the newly merged $20 billion NYSE–Euronext group — and she’s moving to the French bourse’s headquarters at
An Englishman, an Irishman and a Scotsman walk into a pub. The Englishman turns to the others and says, ‘What’s that awful smell?’ ‘Och,’ says the Scotsman, ‘it takes a wee while to get used to.’ ‘Ah, so it does,’ says the Irishman, ‘’tis what pubs really smell like when you get rid of the