Central bankers aren’t to blame for the crisis January 2, 2012 THE conventional story of the credit crunch is that following the dot-com boom the US Federal Reserve cut interest rates, creating an inflationary debt-fuelled boom that manifested itself in housing. But is the Fed to blame? US economists Jeffrey R. Hummel and David Henderson prompted controversy by lending support to Ben Bernanke’s theory of a [...]
RAPID RESPONSES January 2, 2012 Frozen liquidity Peter Warburton’s call for the reintroduction of the Bank of England’s Special Liquidity Scheme [A wholesale improvement, 22 December] will not solve the problem. This is because his argument does not look at the micro-issues affecting the macro. Simply put, the main problem is the FSA’s implemented liquidity requirements soak up a lot [...]
To Bonaparte, with love from China January 2, 2012 THE rich and international do not tire of Paris. Though it was hardly lacking in ultra-luxe period hotels before, the city evidently needed more. And so last year saw the opening of two major hotels, The Mandarin Oriental and the Shangri-La, signifying not only Paris’s ever-ascendant position on the global luxury circuit, but an overt [...]
Mr Cool’s kinda Jew-ish turn January 2, 2012 Mishkin’s 25 Catherine Street, WC2B 5JS Tel: 020 7240 2078, mishkins.co.uk FOOD **** SERVICE *** ATMOSPHERE *** Cost per person without wine: £30 HAVING entrenched himself as London’s hippest restaurateur with Polpo, Spuntino and co, Russell Norman has sallied into new and more dangerous territory: “a kind of Jewish deli with cocktails”. Sure, everyone – [...]
Here’s to good wine in 2012 January 2, 2012 QUAFFER’S CORNER A BELATED Happy New Year to you all. Most of you are probably focused on attempts to undo the booze and calorie damage of the festive season – and, of course, adjusting to coming back to work. But given the nature of this paper, it would be remiss for me to ignore the [...]
FOOD & BOOZE NEWS January 2, 2012 SPICE UP JANUARY AT THE CINNAMON CLUB If you are one of the few people who hasn’t sworn never to drink again after the excesses of the festive period, then head over to the Cinnamon Club, where you can take a cocktail masterclass for just £35. While you are there you can also take advantage [...]
ZAM! BOB STUNS GUNS January 2, 2012 FULHAM (2) vs ARSENAL (1) Zamora’s injury-time strike completes dramatic Fulham comeback as Wenger fumes at referee Probert and accuses Jol of getting Djourou sent off FULHAM manager Martin Jol last night ridiculed suggestions from his Arsenal counterpart Arsene Wenger that he instructed his players to get Johan Djourou sent off after watching his side [...]
Warnock and Barton rage at red card January 2, 2012 QPR (1) vs NORWICH (2) QPR manager Neil Warnock defended captain Joey Barton after he was controversially sent off in a defeat that pushed Rangers deeper into trouble. Barton gave the home side the lead but was then shown a straight red card following a clash with Norwich’s Bradley Johnson, who indicated he had been [...]
Late Lampard breaks Blues’ win drought January 2, 2012 WOLVES (1) vs CHELSEA (2) CHELSEA hero Frank Lampard admits he was lucky to still be on the pitch to snatch the late goal that earned the Blues a first win in five matches. Lampard volleyed home Ashley Cole’s 89th-minute cross after Stephen Ward’s equaliser, just moments earlier, appeared to have rendered Ramires’ opener redundant. [...]
Strauss: Tour can bury hatchet with Pakistan January 2, 2012 ENGLAND captain Andrew Strauss insists the ramifications of last year’s spot-fixing trial will have no impact on the upcoming series against Pakistan and is confident relations between the two teams are set to improve. Strauss and the rest of his No1 ranked Test team yesterday flew out to the Middle East, where they are poised [...]
