Hilary Mantel recently won her second Booker Prize, having clinched two Bookers in a row, the latest for the second book of a planned trilogy – surely a first. As we never tire of mentioning here at the Spectator, Hilary was the inaugural winner of our Shiva Naipaul Memorial Prize, back in 1987. Her stunning
In the evenings the kidneys came. The helicopter, a bright yellow, would land on the grey cement disc, its blades chopping slower, slower, slow — stop. People in blue scurried from an opening in the building and ran towards the aircraft, hauling from it boxes and bags. These containers held hearts, lungs, livers. The organs
The 2007 Spectator/ Shiva Naipaul Memorial Prize was won by Clarissa Tan. The prize, named after the late Trinidadian author, is for ‘the most acute and profound observation of a culture evidently alien to the writer’. The judges that year included William Boyd, Matthew d’Ancona (then editor of The Spectator) and Mark Amory (literary editor of The
How many of history’s great revolutions were sparked by sheer, human hunger? In 2008, global food prices spiked, with the cost of basic crops doubling. In the two years that followed, Egyptians saw their food prices increase by some 40 per cent – in 2011, as we know, the Arab Spring broke across the Middle
The Robin Hood tax has galloped into France, and once again Britain is being pressured to introduce the same thing in its financial sector. It’s a thankless job defending the City at the moment, what with UK banks mired in one scandal after another and Libor-gate still unresolved, but the UK must stand firm in
Hilary Mantel has just been long-listed for the Booker Prize for Bring Up the Bodies, her brilliant follow-up to Wolf Hall, which netted the coveted Booker itself in 2009. We at The Spectator can’t trumpet this enough – you see, Hilary was the first-ever winner of our Shiva Naipaul Memorial Prize in 1987. The prize, awarded for ‘the
Just as Mervyn King, as Isabel flags in her blog, is being dragged into the Libor scandal, comes a truly remarkable article from the FT headlined ‘The bank that roared’. This bank, in case you are wondering, refers to the Bank of England. The FT says the central bank – led by the good ol’
Today’s news on the Chinese economy – that growth has slowed for the sixth quarter running – is no big surprise: the question for months now has been whether China’s landing will be hard or soft, not whether there will be a landing. Indeed, some analysts feel that the numbers suggest a recovery in the
It’s immensely difficult to manage such a huge and complex country as China, we are constantly told by its mandarins. Indeed it is. Tens of thousands of Hong Kongers took to the streets over the weekend to protest their new leader, the Chinese Communist Party-friendly Leung Chun-ying. There have been demonstrations annually on 1 July
Is manipulating interest rates really as shocking to the Chancellor and the Governor of the Bank of England as they make it out to be? The Libor and Euribor fixing scandal has shown several bankers at it, yet this weekend there were suggestions that at least some of these bankers thought that the regulators, the
Last week, a distinguished Chinese thinker arrived in Oxford University to give a talk. His mission was audacious: to explain to Britain’s brightest young things that far from being a repressive or unhappy place, China is in fact pretty perfect. More to the point: now that Europe is on the rocks, China will be the
It would be tempting to think of Aung San Suu Kyi’s return to Oxford University today as the end of a long journey — but it is, of course, just the beginning. As the Burmese opposition leader herself said at the Encaenia ceremony after she finally accepted her honorary doctorate — awarded to her 19
Last Thursday Mervyn King said ‘the case for further monetary easing is growing’, and today’s surprise inflation figures give the Governor and his policymakers more leeway to introduce the next round of QE, probably as early as next month. Consumer price inflation fell to 2.8 per cent in May from 3.0 per cent in April,
Two bits of interesting news yesterday: 1. France – while the eurozone is in financial meltdown – is allowing some of its workers to retire early; 2. China – while the eurozone is in financial meltdown – is on a shopping spree, buying European assets on the cheap. Perhaps there we have, in a nutshell,
We’re all familiar with the eurozone boom-bust news cycle by now. First, there are reports of more European banks in trouble, then news of governments seeking bailouts, closely followed by speculation over the future of the euro. Then, as if to crown it all, there will be news that global political leaders and finance ministers
It was beautiful and a bit strange this morning, sitting in St Paul’s Cathedral with the rest of the congregation, waiting for the Queen to make her entrance for the national thanksgiving service. We were hushed and awed — I was up in the press gallery — under the great dome of the stupendous cathedral.
Even as the Queen’s Diamond Jubilee BBC Concert rocked on outside Buckingham Palace (amid the slightly worrying news that the Duke of Edinburgh is in hospital), some bad economic news came in — rating agency Egan-Jones has cut the UK’s credit rating to AA-minus with a negative outlook, from AA. ‘The over-riding concern is whether
A Jubilee for the Commonwealth – and beyond Recently I took a flight to my native Malaysia to celebrate my mum’s 79th birthday. I knew that, since I am currently living in London, a birthday present that screamed BRITAIN was in order — a ‘Keep Calm and Carry On’ notepaper set wrapped in tartan and
Sweden’s Anders Borg (Fraser’s favourite finance minister) is wrong, says Citigroup. Bondholders and deposit holders are not like wolves, as Borg has made them out to be. They’re more like sheep — and currently they’re baa-a-a-cking out of the eurozone pretty quickly. We all know that money’s leaving the Continent — but how much and
Even in the most economically tumultuous of times, there are people who stand to make money — some of them literally. British money printer De La Rue has told Reuters it’s made contingency plans to print drachma notes, in case Greece makes a euro exit. If Greece leaves the common-currency zone, there’d be such a
