Doddering fiscal cliff talks prevent FTSE from jumping towards 6,000 December 20, 2012 BRITAIN’S top share index steadied around nine-month highs yesterday, pausing within reach of the 6,000 points mark. Investors were discouraged from pushing the market too much higher by the lack of progress by US politicians on a deal to avoid a “fiscal cliff” of planned tax hikes and spending cuts that threatens the health of [...]
The euro heroically survived 2012 but new dangers await next year December 20, 2012 NO REVIEW of the global economy in 2012 could fail to focus on Europe’s long-running and ever-changing debt crisis. The continent is emerging from its most difficult year since the birth of the euro. It’s in a better shape than many expected, but European policymakers still face formidable challenges in 2013. The year has been [...]
Three messages to warm your spirits during the hectic Christmas period December 20, 2012 AHECTIC round of after-work parties and shopping, interspersed with a few brief moments wondering where the year went. Then a frenzy of unwrapping, a battle in the kitchen with a recalcitrant turkey, the family lunch, a silly game, a surreptitious snooze in the middle of Pirates of the Caribbean. Christmas has its routines, but every [...]
Don’t be a misery: Festive decadence has a fine heritage December 20, 2012 EVERY December, eco-miserabilists and anti-consumerist curmudgeons attack people for indulging in Christmas-time debauchery. Fancying themselves as experts on Christian festivals, these killjoys inform the moronic masses that boozing, overeating and splashing out on pressies is not what Christmas is supposed to be about. Christmas, they declare, is meant to be a time of reflection and [...]
Will 2012 be remembered by the public as a good year for the coalition government? December 20, 2012 YES David Skelton It’s been a tough year for so many people – the cost of living continues to rise and the economy continues to flat-line at best. Given that background, it might seem odd to argue that 2012 has been a good year for the coalition. But it has. Indeed, I would argue that [...]
Rapid responses December 20, 2012 The Russian way [Re: Russian business stereotypes need to be consigned to the distant past, yesterday] For hundreds of years, Russia was part of Europe and the wider international community. Communism was a short diversion and, since 1991, the country’s integration has become more and more obvious. On the one hand, this means the West [...]
CITYA.M. Guide to givers 2012 December 20, 2012 Welcome to City A.M’s second annual Guide to Givers, bringing to the limelight business individuals and organisations that have donated not just their resources, but also their time and effort towards improvements for those less fortunate than themselves. As belts are being tightened, public charitable spending is understandably at a significant low point, putting emphasis [...]
Private philanthropy is more crucial than ever before December 20, 2012 It is widely recognised that this is a tough time for the charity sector in the UK. Public donations to charities have fallen by 20 per cent in real terms in the past year, with £1.7bn less being given. £81bn in spending cuts will also have far-reaching consequences, with a third of charities’ funding (£13.9bn) [...]
20 of the world’s largest donors December 20, 2012 1 BILL AND MELINDA GATES FOUNDATION US The Bill and Melinda Gates Foundation was formed in 2000 through the merger of the William H. Gates Foundation and the Gates Learning Foundation, adopting their previous agendas of improving global health and education. With offices in the US, India, China and UK, the foundation has a global [...]
Ten top City of London givers December 20, 2012 MICHAEL SPENCER BROKING The Icap Charity Day celebrated its 20th anniversary this December, raising £11m for charities in the process. The annual pre-Christmas event is a celebrity-studded occasion on which all revenues and commissions from the world’s leading interdealer broker are donated. Chief executive Michael Spencer has played a major role in the success of [...]
