Wall St edges lower ahead of non-farm data July 5, 2012 US stocks edged lower yesterday as economic stimulus measures by major central banks failed to excite investors before a US jobs report expected to show tepid growth. After the S&P 500 index’s strongest three-day run this year, investors stepped back, leaving the broad index and the Dow modestly lower and the Nasdaq essentially flat. Trading [...]
Questions the Treasury Committee should ask Paul Tucker on Monday July 5, 2012 IT WILL be on strictly surname-terms that Paul Tucker, deputy governor of the Bank of England, faces his interrogators on the Treasury Committee on Monday. Tucker, unlike Bob Diamond, has plenty of experience of dealing with the Committee’s MPs and knows when to defer to them. But he cannot expect an easy ride – there [...]
The fall of Bob Diamond: How tragedy can stalk even the most powerful July 5, 2012 FOR God’s sake, let us sit upon the ground, and tell sad stories of the death of kings.” Anyone who caught the BBC’s dramatisation of William Shakespeare’s Richard II at the weekend will have seen not only one of the City’s historic buildings featuring prominently – St Bartholomew the Great in Smithfield – but also [...]
The Wolfson Prize winner sets out a plan for euro exit July 5, 2012 THE simple fact is that Eurozone policymakers are still not doing enough to deal with the root causes of the crisis. Peripheral economies are fundamentally uncompetitive inside the currency union and will be unable to return to solid economic growth and fiscal health without exiting. Some form of Eurozone break-up remains likely. As we, at [...]
Is the Bank of England right to increase quantitative easing by a further £50bn? July 5, 2012 YES George Buckley The UK’s recovery continues to disappoint. So much so that we are back in recession, with output having contracted since last autumn. Among the G7, only Italy has seen a weaker recovery. With that in mind, the Bank of England needed to act this month, and act it did – its £50bn [...]
RAPID RESPONSES July 5, 2012 Political animals [Re: Pity Osborne isn’t this passionate when talking about growth, yesterday] George Osborne is treating this scandal as a political game, and most of the coalition is following him. There may be evidence of over-close contact between politicians and bankers, but that contact crosses the spectrum – it is, in fact, structural. Jamie [...]
Get out and enjoy the summer July 5, 2012 ELIZABETH STREB DANCERS Various locations, until 9 September Dancers trained under the famous Elizabeth Streb will perform in front of Tower Bridge. They will perform a series of daredevil routines as part of the Mayor of London Presents and London 2012 Festival. Revellers will be amazed by the impossible twists and contortions of the world [...]
Proms set for another classic season of music July 5, 2012 The Proms is always packed full of treats from early classical music through to the work of contemporary composers – but each year has its own character. This year, The Proms form part of the London 2012 Festival in honour of the Olympics. To celebrate opening night of the Games, the Israeli star Daniel Barenboim [...]
All the West End wonders July 5, 2012 CHARIOTS OF FIRE Celebrate one of this country’s greatest ever sporting achievements this summer as Chariots of Fire, a new play, lights up the West End at the Gielgud Theatre. Adapted from the Oscar-winning movie, and featuring the original Vangelis score, this is a moving tale of rivalry, and determination in the face of prejudice [...]
Frankie’s mount is by Farhh and away the most likely winner July 5, 2012 IT was a great shame that So You Think was found lame in his box yesterday morning as it would have been fascinating to see him attempt to become the first back-to-back winner of the Coral-Eclipse since Halling in 1996. I didn’t actually fancy him to win tomorrow as he had a hard race at [...]
