The three geopolitical red herrings that the markets can safely ignore February 14, 2013 EACH year, Eurasia Group releases its top risks report, where we consider the ten biggest geopolitical threats to markets and economies, judged by probability and potential impact. So what’s on our radar for 2013? The top risk is now found in emerging markets, as the world’s focus shifts back to the developing world and away [...]
Voice of a new political rhetoric highlights the need for intellectual humility February 14, 2013 THERE was an important speech in America this week, and it wasn’t made by Barack Obama. The President’s State of the Union address was, once again, a conventional recitation of the technocrat’s creed: state intervention can solve almost everything, so long as smart people like me make it smarter. Marco Rubio’s speech wasn’t important either. [...]
How EU regulation has prevented UK horse meat action February 14, 2013 DAVID Cameron’s enthusiasm for the Single Market must be taking a knock, as the horse meat scandal gallops on. It is, after all, one of the fundamental four freedoms of the Single Market – the free movement of goods – that prohibits environment secretary Owen Paterson from banning imports of suspect meat. But the EU [...]
The Debate: After GDP contracted in France and Germany, can we still be optimistic about the Eurozone? February 14, 2013 YES Christian Schulz The Eurozone’s turning point, Mario Draghi’s European Central Bank safety net, happened before the fourth quarter of 2012 even started. It triggered a chain reaction of improving confidence, which was just too slow to prevent this downturn. Capital returned to the periphery, but Eurozone leaders still needed to prove their resolve to [...]
Letters to the Editor February 14, 2013 Cost of inflation [Re: High inflation is denting recovery: The Bank of England must act now, yesterday] The idea that a weaker pound would somehow promote an export boom is absurd. Most of our exports are either specialised services, which would be purchased anyway, or specialised manufacturing, which tends to require goods to be imported in [...]
An explosive return for the bad boy of opera February 14, 2013 BALLET MIXED PROGRAMME Royal Opera House **** The Royal Opera House’s mixed programme of ballet, marking the 25th anniversary of renowned dancer and choreographer Frederick Ashton’s death, was bound to be an explosive affair. It saw the dramatic return of Sergei Polunin – the former bad boy of British ballet – to the stage he [...]
The City in full swing with glut of new joints February 14, 2013 New King’s Road launch Upper West channels the spirit of Manhattan clubs like PH-D. The lounge bar boasts a roof terrace complete with olive trees and cascading fountains, while the separate nightclub Madison’s is accessed by a grand staircase and will feature floor to ceiling bronze mirror panelling and a state-of-the-art lighting system. The City [...]
This is 40 minutes too long February 14, 2013 FILM THIS IS 40 Cert 12A ** Half-way through Judd Apatow’s latest, This Is 40, a woman accuses Debbie (Leslie Mann) and Pete (Paul Rudd) of looking like a couple from a bank advert. Its one of the better jokes, not least because it highlights the fundamental problem with the film. Debbie and Pete are [...]
A Good Day to Die Hard is a ludicrous, outdated relic February 14, 2013 FILM A GOOD DAY TO DIE HARD Cert: 12A ** John McClane is a family man. When he purged that New York tower block of eastern European terrorists in 1988, he wasn’t doing it out of patriotic or professional duty – he was doing it for his wife who was trapped in the building. A [...]
Great Expectations, below par results February 14, 2013 THEATRE GREAT EXPECTATIONS Vaudeville Theatre ** The Vaudeville seems a fitting space to stage Great Expectations. It was founded in 1870, just ten years after Dickens finished serialising his much loved classic, and Dickens himself – who loved theatre deeply – might have visited had he not died in the year it was completed. Like [...]
