Monetary policy is not all about pulling levers November 7, 2011 I’M A big fan of the Bank of England museum. I find the way it attempts to educate children about how monetary policy is conducted to be charming. There is an exhibit with a tube of clear plastic containing a ball. The tube is “balanced” when the ball is level with a marker for 2 [...]
RAPID RESPONSES November 7, 2011 Pay may be earned Albert Ellis made some good points about executive pay [The debate over chief executives’ pay isn’t simple, yesterday]. The debate seems to have reached a stage where too many look for data to support their prejudice about overcompensated fat cats and don’t investigate any further the quality of the studies involved. [...]
UK’s economic outlook reveals unsightly view November 7, 2011 ACCOUNTANCY firm BDO joins an ever-growing group warning that the UK’s economy is on the cusp of recession. In its latest business trends report, optimism levels came in below the crucial 95.0, for the first time since July 2009, for both the manufacturing and services sectors. BDO partner Peter Hemington says: “Businesses’ hiring intentions point [...]
GREECE SKIRTS SLIP AS EYES ROAM TO ITALY November 7, 2011 YESTERDAY saw the removal of some of the political uncertainty that has dogged Greece over the past week. A new coalition government is to be formed, Papandreou is standing down as Prime Minister and a general election is expected early next year. All this should be enough to ensure that Greece receives its next bailout [...]
THE TIPSTER November 7, 2011 LAST week’s reports of tumbling profits and the ongoing confusion over the economic outlook for Europe is weighing on International Airlines Group, the stock of the merged BA and Iberia entity, IAG. Even the prospect of adding more prized take off slots at Heathrow, through the reported plans to purchase competitor BMI, is failing to [...]
Get your emotions in check and under control November 7, 2011 TRADING is a solitary pursuit. All that time spent watching the screen can leave traders emotionally tied up in their trading choices. Pride takes over and we can become wedded to a bad trading decision. It takes a lot of discipline to clock your own behaviour when this happens. But fear not, we’ve asked some [...]
Not as wild as the original November 7, 2011 BUNGA BUNGA 37 Battersea Bridge Road, SW11 3BA 020 7095 0360, bungabunga-london.com FOOD SERVICE ATMOSPHERE Cost per person without wine: £25 There’s often a point in the Apprentice TV show when a contestant’s confidence surpasses sense. Someone has an idea, and you spend the next 50 minutes watching the team run round and execute it [...]
QUAFFER’S CORNER November 7, 2011 HEAD SOMMELIER AND MANAGER OF LUTYENS RESTAURANT With Thanksgiving fast approaching, I’m devoting this week to helping my American readers select a wine to have with their turkey. It’s not a festival that we celebrate in New Zealand but, as my sister-in-law is from New Mexico, I’m familiar with the palate of flavours and the [...]
FOOD & BOOZE NEWS November 7, 2011 TOP VIEWS AT REVAMPED BAR With 360-degree views across London, this bar is particularly stunning on a clear night over Oxford Street where you can see the Christmas lights. The revamped viewing gallery on the 33rd floor has extended its cocktail bar so you can enjoy well-crafted cocktails, such as the aged Barcardi 8 year [...]
House prices up 1.2pc in October November 7, 2011 UK house prices edged up by 1.2 per cent in October compared with September, but have fallen over the last year, according to the Halifax. The lender said that values had fallen by 1.8 per cent compared with a year ago. It said that the housing market had remained “highly resilient” despite weakness and a [...]
