Stirling Prize

Thursday

Calvin Po

Who should win the Stirling Prize?

The Stirling Prize is the Baftas for architects, a moment for auto-erotic self-congratulation. Awarded by the Royal Institute of British Architects, its premise is straightforward: it’s for Britain’s best building of the year. But this year, it seems the prize committee has struggled even with this. Among the six projects shortlisted for this ostensibly nationwide prize, four are in London and a couple could barely even be considered buildings at all. The most tenuous nominee for a ‘best building’ – yet one with the best bookies’ odds – is the Elizabeth Line by Grimshaw Architects. One of the most expensive infrastructure projects in Europe with a much-delayed opening, it remains

Wednesday

Martin Vander Weyer

Market apocalypse? No, a welcome correction

A bout of global stock-market turmoil and an outbreak of UK street violence as adjacent news items gave an apocalyptic feel to the start of the week. But as rioting continued, markets appeared to steady, led by Tokyo with a 10 per cent Tuesday rebound. We know the ugly sentiments that animate the thugs – but do we understand the sudden nerviness of investors? Once media clamour about 1,000-point falls subsided, two strands emerged, both American. First, fear – driven by bad employment figures – that the US economy is weaker than previously thought, fuelling a conviction that the Federal Reserve should have cut interest rates at its late-July meeting