Any other business

Think outside the jargon box

‘Dinosaurs … think inside the box. Dolphins … occupy the space outside the box. ‘Dinosaurs … think inside the box. Dolphins … occupy the space outside the box. The dinosaurs’ negative headset creates a lose-lose situation, whereas the dolphins’ can-do headset enables them to score a try!’ ‘Set out to leave the first vapour trail

The myth of affordable housing

The latest non-job in Britain’s town halls is the affordable housing officer The latest non-job in Britain’s town halls is the affordable housing officer, a bureaucrat with the brief of bringing down the price of property. What local and central government mean by ‘affordable housing’ is, of course, housing that is more affordable, but the

The kitchen table tycoons

Judi Bevan says that new technology has at last created real liberation for women — by enabling them to run successful businesses from home Kitchen table tycoons — the new buzz phrase to describe women who set up their own businesses from home — now account for £4.4 billion of sales a year, according to

A writer plays hookey with a magic paintbox

At a time when I should be writing my book on human monsters — goaded on by the many ingenious suggestions from readers of this column — I have actually been painting. There are many reasons for this disgraceful irresponsibility. First, the delicious autumn weather and the tremendous rainbow of colours it has coaxed out

The City’s new boom market: philanthropy

As we approach the festive season, spare a thought for the children of billionaires. These are joyless times for those holding out for an inheritance. As they climb aboard the private jet that will whisk them off to the yacht where a team of chefs will prepare their Christmas dinner, many will be wondering if

A wood is the one fixed point in a changing world

‘Can’t see the wood for the trees’ is an old saying and a true one, not only metaphorically but literally. Nature students often look carefully at trees and know a lot about them. But they don’t notice the wood, and know nothing about its life and history. Since I began drawing trees with close attention

The promise of real profits from a weird virtual world

My name is Cosmic Finucane. I have lots of money, a body to die for and I’m building my dream house on an island with an ocean view. At least, that’s my alternative persona — sadly, a far stretch from the real me. He inhabits the internet’s hottest new phenomenon, the virtual world of Second

Flawless, timeless, almost priceless

White diamonds are the world’s most expensive gems. White diamonds are the world’s most expensive gems. The ideal stone is like a piece of ice, whiter than white, graded ‘D’, the purest possible grading, and cut with exquisite precision. Only a handful exist. Ten years ago a pure white, pear-shaped 100.10 carat diamond (pictured here),

A year in exile, but still in the game

Bill Browder is strangely apologetic for the grandeur of his offices in Hudson House, a Lutyens mansion off Covent Garden. ‘I like the high ceilings,’ he says, scanning the room with a nervous smile, ‘It’s easier to work with some space around me.’ Somehow, though, neither the building’s fine fa

Men with guns are the new dotcoms

Matthew Lynn finds private military contractors such as Colonel Tim Spicer — formerly known as mercenaries — responding to demand in a high-growth business sector Sitting behind his smartly fashioned desk in one of the new, antiseptic office blocks that line London’s Victoria Street, Tim Spicer looks the very model of the modern entrepreneur. He

As Tom Paine wrote, ‘Every nickname is a title’

A recent movie suggests that the Duke of Edinburgh’s nickname for the Queen is ‘Cabbage’. His experience dates back to the day when this delicious vegetable was overboiled into tastelessness. But now that most people cook it very lightly and so preserve its fine flavour and crispiness, the term is one of endearment, as (no

How the first multinational was hijacked by greed

In June 1773 Adam Smith was at home in Kirkaldy, Fife, hard at work on his Wealth of Nations, when an excited letter arrived from his fellow philosopher David Hume. ‘Do these events affect your theory?’ wrote Hume. ‘What say you?’ Smith was caught up in perhaps the third or fourth most serious stock market

The City’s surprise success story

Once synonymous with men in red braces peddling junk bonds, the leveraged buy-out industry has become almost respectable. This is in large part thanks to some clever rebranding that would make even David Cameron blush; now invariably described as ‘private equity’, which sounds a lot cuddlier, the industry has even enticed that holier-than-thou old rock

Amaranth: how to lose $6 billion in a fortnight

Hedge funds, you read here in June, are often riskier than they are made out to be. Putting your money into ‘a fund that blows up, closes down or disappears with all your money’, I suggested, is a real risk for the unwary investor. The danger, I could have written, is that you will find