RAPID RESPONSES August 6, 2012 Time-saving tech [Re: The technology paradox: It will kill jobs but rescue Britain’s economy, yesterday] I was rather suprised by Matthew Rock’s assertion that new technology kills jobs. If that were the case, the invention of the shovel would have led to economic decline, by allowing one digger to get more work done than many [...]
The technology paradox: It will kill jobs but rescue Britain’s economy August 5, 2012 THE LATEST GDP numbers were awful. The UK economy shrank by 0.7 per cent. But rather than embarking on political blame-games, we must face a stark fact: the economy needs a clean-out. All the fiscal and monetary levers have been pulled, and they haven’t worked. A much bigger story is at play – digital technology [...]
The Olympics is about more than economic growth August 5, 2012 I DON’T know about you, but I haven’t done much work in the past week. Although we could do with a boost to the economy after three straight quarters of contracting on GDP, there’s no time for shopping when you have double trap shooting qualifiers on the agenda. I did sink a hundred quid in [...]
The City should take the baton and use London 2012 to boost UK business August 5, 2012 STANDING outside the Olympic Park the day before the opening ceremony, I couldn’t help but feel caught up in the energy and anticipation of what was to come. The grounds are a fantastic sight, and this month provides an opportunity like no other to showcase and celebrate the qualities that put the Great into Great [...]
Does China’s superb medal haul reflect its determination to compete with the West? August 5, 2012 YES John Hawksworth China topped the medals table in Beijing with 51 golds and, despite no longer having home advantage, it again looks set to contest first place with the US in London. China’s success reflects two key factors: a huge potential talent pool of 1.3bn people and a well-funded government sports system for finding [...]
RAPID responses August 5, 2012 Political failings [Re: Fantasy economics: Nationalising RBS would be an epic nightmare, Friday] It’s worrying to think that, even after sub-prime, politicians are still calling for RBS to be nationalised. They are either playing to the electorate (the vast majority of which will argue that anyone in finance is immoral) or they are totally bereft [...]
Fantasy economics: Nationalising RBS would be an epic nightmare August 2, 2012 HOW many investors would lose £26,000 on a £45,000 investment and then come back for more? That is the kind of investment strategy which only makes sense when you are gambling with someone else’s money. And apparently the government is considering playing the same game on a million times this scale. “Senior government figures” are [...]
We no longer have the vision to celebrate artists’ Olympic achievements August 2, 2012 ONE hundred years ago, the first Olympic medals were awarded for cultural achievement. In the summer of 1912 in Stockholm, exponents of architecture, literature, music, painting and sculpture were celebrated alongside the runners and the jumpers. The tradition continued for decades, with a final hurrah at the London Games of 1948, when the medallists’ work [...]
Forget G4S: The UK is hosting the safest Games ever August 2, 2012 WITH Great Britain basking in the golden hue of success in the Velodrome and beyond, you might be forgiven for forgetting that just a few weeks ago the Olympics was mired in serious safety concerns. But we have been able to rest easy, safe in the knowledge that the British armed forces have risen to [...]
Was the Bank of England correct to leave monetary policy unchanged yesterday? August 2, 2012 YES Adam Chester We believe that the decision of the Bank of England’s Monetary Policy Committee to keep interest rates on hold at 0.5 per cent was the right one. Having announced a range of measures to stimulate growth last month – including an increase in quantitative easing and the Funding for Lending Scheme – [...]