Martin Vander Weyer is business editor of The Spectator. He writes the weekly Any Other Business column.
It’s rare for me to celebrate anyone’s financial misfortune, but if Leonard Cohen had not lost $5 million of his retirement savings due to alleged fiddling by his former manager, he might not have re-embarked on recording and touring in his seventies, and we would have heard much less of that uniquely stirring voice in
Sunday brunch at Hugo’s, a bustling Mexican restaurant with a mariachi band and a multi-ethnic clientele: at the next table, a big Latino family with a happy baby in a high chair. This is a true picture of Houston: only a third of its citizens are white, and only 22 per cent of under-20s; the
Houston, Texas It’s hard to find anyone in polite society here who admits to having voted for Trump, even among the oil men. But 4.7 million Texans did so, giving him 53 per cent of the popular vote. In redneck rural counties the Donald carried four fifths of the ballot, but Hillary Clinton was ahead in
‘I have a horrible feeling he has enough gimmicks to be the wild card… I mean, he could go on to win it.’ We’re just beginning to come to turns with the dangerous tendency of today’s voters to reject the conventional and competent in favour of unqualified, undignified, unlovable candidates who conduct themselves like showmen
There’s an electronic device on my desk that looks — through its bubble- wrap — like a cheap miniature calculator. It’s still in the packaging a month after it arrived because I’m irritated by the idea that I have to master a new gadget specifically designed to complicate a familiar action. The thing is a
For Mark Carney to have returned to-Canada after five years as Governor, as he originally planned, rather than serving until 2021, might by now have looked like a win for his critics — so adding an extra year, up to the end of Brexit talks in 2019, is a sidestep worthy of Strictly. Meanwhile, I
The new series of The Missing is surely the gloomiest television of the year. But it has nothing on the endless saga of RBS, which seems to use the same disturbing time-shift device: whenever there’s a horrible new plot twist, you have to spot whether we’re in 2008, 2011 or today. The crippled bank, still
As the 30th anniversary of Big Bang loomed, I found myself back at the scene of my City demise. Ebbgate House — headquarters of BZW, the investment banking arm of Barclays where I worked until one fateful morning in 1992 — fell deservedly to the wrecking ball a decade ago. It was replaced by Riverbank
As the 30th anniversary of Big Bang loomed, I found myself back at the scene of my City demise. Ebbgate House — headquarters of BZW, the investment banking arm of Barclays where I worked until one fateful morning in 1992 — fell deservedly to the wrecking ball a decade ago. It was replaced by Riverbank
Will Mark Carney go or stay? On appointment in 2013, he indicated he would leave the Bank of England and return to Canada in 2018 (‘We’ll be back in five,’ his wife tweeted), but he has an option to stay a further three years. Theresa May’s criticism of QE in her conference speech was interpreted
I wrote last month that a key test of Brexit success will be whether Nissan is still making cars here in ten years’ time. A few days later, Nissan chief Carlos Ghosn issued a warning that ‘If I need to make an investment in the next few months and I can’t wait until the end
Speaking of which, who will be President Trump’s treasury secretary, and does it matter? After this week’s ‘locker-room’ revelations, the Donald’s odds of winning have clearly lengthened. But he ain’t out of the race yet — and seasoned Republicans of my acquaintance have been agonising for months over the question of whether to accept jobs
This column comes from Puerto Pollensa in Majorca, my favourite off-season watering-hole. The hotel is full of elderly Daily Mail readers intent on making their gin-and-tonics last longer as they contemplate the news from home. Brexit is highly likely to mean ‘hard Brexit’ — departure without residual access to the single market or meaningful new
Is that a Samsung Galaxy Note 7 in your pocket, or are your pants on fire? The Korean manufacturer has halted sales of its latest smartphone and advised anyone already an owner to switch off immediately, lest the thing’s battery explodes — as one did on a Southwest Airlines flight in the US, forcing the
‘I rang and said can I have a council house, I’ve nowhere to go, an’ the bloke said no you can’t, we need them all for t’Romanians,’ was a remark offered by a fellow patient, known to me as Fat Lad, when I was hospitalised three years ago. ‘I’m telling you, I’m the biggest Ukip
Iceland wants to sue Iceland for misuse of its name. The former is a north Atlantic island whose fishermen-turned-financiers set standards of irresponsibility in the mid-2000s that made Wall Street’s Bear Stearns and Lehman Bros look like small-town building societies, attracting £20 billion of British depositors’ money into their mismanaged banks as they launched their
Can Twitter be worth more than Deutsche? On Tuesday, as rumours swirled of possible bidders for the microblogging site, the market was valuing it at $20 billion, compared to $18 billion for the troubled German bank. That might be a reasonable assessment of their relative prospects, or it might be confirmation that social media valuations
‘Can anyone seriously imagine the German state and corporate establishment allowing the bank that bears their country’s name to go down?’ I asked in February, adding rather bravely, ‘Of course they won’t.’ And that, I fear, makes my next question, ‘Am I about to eat my hat?’ Shares in Deutsche Bank have plunged to their
Hinkley Point — for all its flaws and the whiffs of suspicion around its Chinese investors — has finally received Downing Street’s blessing. Meanwhile, ministers hold the party line that High Speed 2 will go ahead according to plan, backed by news that the project has already bought £2 billion worth of land; and investors
Hinkley Point — for all its flaws and the whiffs of suspicion around its Chinese investors — has finally received Downing Street’s blessing. Meanwhile, ministers hold the party line that High Speed 2 will go ahead according to plan, backed by news that the project has already bought £2 billion worth of land; and investors
