FOOTBALL’S NEW GAMING GENERATION July 13, 2011 REMEMBER when a schoolboy’s hopes of football stardom were fuelled by dreams of scoring the winner in a Wembley cup final, or perhaps the pride of donning their country’s colours at a World Cup? Well wise up, granddad, because we all know that tomorrow’s stars are just as likely to be chasing the trappings of [...]
Joining the technological revolution July 13, 2011 NEW IT inventions are always described as “revolutionary”. Why? Because they’re often bloody. Infuriating, that is. Back in 1789, radicals would post their manifestos in public places. Today’s equivalent platform for enlightening the masses would be an interactive billboard wherever the workers gather. All you would need is a tablet, be it an iPad, Android [...]
FTSE 100 CHAIRMEN BACK DRIVE FOR MORE WOMEN ON UK BOARDS July 13, 2011 THE DEBATE about how to get more businesswomen into the boardroom continued last night at the Lansdowne Club, as FTSE 100 chairmen came to hear BAE Systems’ chairman Dick Olver outline his plans for reform. “It is not a matter of quotas; it is a question of better decisions in the boardroom,” said Olver, who [...]
Europe fiddles as Rome burne July 12, 2011 AS MARKETS swung violently on the fear of an Italian debt crisis yesterday, Europe signed a treaty to establish a permanent €700bn (£615bn) bailout fund – but only from 2013 onwards. While Eurocrats and ministers have spent months tweaking the details of the treaty, markets are focused on the more immediate threat of sovereign default [...]
Public in dark on UK debt July 12, 2011 Fewer than one in ten people understand that the government is adding hundreds of billions of pounds to the national debt over the course of this parliament, a shocking new survey reveals today. Just nine per cent of respondents realise that the government plans to borrow roughly an extra £350bn from this financial year to [...]
US Fed is split over fresh QE July 12, 2011 A THIRD period of quantitative easing – dubbed QE3 – could be in the pipeline if the US economy continues to stagnate, the minutes of the last Federal Reserve monetary policy meeting revealed last night. “Some participants” believed that “it would be appropriate to provide additional monetary policy accommodation” if the economy fails to pick [...]
Media is failing public in many ways July 12, 2011 WITH the phone hacking scandal continuing to grow, and the reputation of journalists at their lowest ebb since the death of Diana, now seems like a good time to add to the media’s woes. A poll out today reveals what can only be described as another mini-scandal, this time relating to the media’s ability to [...]
Plan aired to avoid default July 12, 2011 REPUBLICAN Senate leader Mitch McConnell floated a “last choice” back-up plan for the US debt ceiling crisis late last night. McConnell’s emergency plan would see President Barack Obama forcing through a hike in the debt ceiling, without requiring the consent of Republicans. The announcement was intended to reassure markets that the US would not default [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 12, 2011 FINANCIAL TIMES MANAGERS STRUGGLE TO WOO THE WEALTHY Private banks across the world are still struggling to attract new clients, as the wealthy continue to shun professional investment managers in the wake of the financial crisis, according to a report published today. New money paid into private banks by clients fell nearly 19 per cent [...]
Cheques saved as banks U-turn July 12, 2011 The Payments Council has reversed its decision to abolish the cheque by 2018, after a public outcry over plans to axe the payment method. The body, whose members include banks and payments organisations, said cheques would continue as long as customers needed them. Trade bodies representing builders and charities that campaign for the elderly had [...]
