Saturday, 10 January 2009
As Gaza is torn apart by war, where is Middle East peace envoy Tony Blair? He's been on HOLIDAY
Last updated at 12:32 PM on 05th January 2009
For the last nine days, the eyes of the world have been on war-torn Gaza as it descended into all-out conflict and hundreds lost their lives.
Yet Middle East peace envoy Tony Blair was far from the action - spending Christmas and New Year with his family.
For at least part of the time he was in London, where he was spotted at a special private opening of the Armani store in Knightsbridge.
Staying out of the euro has spared us a Spanish-style catastrophe
Last Updated: 5:43AM GMT 09 Jan 2009
Half-built flats and soaring unemployment show that the boom has turned to gloom on the Costa del Sol. And it's a fate that could easily have befallen Britain.
Ten years after it was launched, the euro is propelling Spain towards disaster. In giving up control of domestic interest rates to the European Central Bank, Madrid handed over a vital instrument of macroeconomic management. It is learning to regret that.
For the early part of this millennium, that loss of power seemed not to matter: Spain's outrageous (and in some cases illegal) construction frenzy hid a multitude of sins. At the peak, about 800,000 homes were being built annually on the basis that demand from foreign buyers was limitless.
That dream has vanished, along with the over-supply of cheap money that funded it. Drive down the E-15, the main motorway link between Malaga and Gibraltar, and you will see block after block of half-built apartments, connected neither to essential utilities nor to financial reality. They stand as temples to a religion that ceased to exist when the bubble popped.
Thursday, 13 November 2008
I'm Mandy, buy me - and Jack'll be ?3,000

Last updated at 10:26 PM on 10th November 2008
Jack Straw is the latest leading Labour light to become embroiled in a backhander scandal. He is facing an official investigation into a ?3,000 donation from an international energy firm.
The bung, courtesy of a Texan outfit called Canatxx (which sounds like some kind of ointment for embarrassing skin disorders), was not declared in either the Commons' register of MPs' interests or the Electoral Commission's list of donations to parties.
It went towards paying for a dinner to celebrate Straw's 25 years as an MP. My invitation must have got lost in the post.
Is Osborne no longer Cameron's right-hand man?
Ask Miss Whiplash which hand Osborne uses.
Saturday, 1 November 2008
GLG chief Emmanuel Roman warns thousands of hedge funds on brink of failure
By Rowena Mason
Last Updated: 5:50PM BST 24 Oct 2008
Emmanuel Roman, of GLG Partners, said 25pc-30pc of the world’s 8,000 hedge funds would disappear "in a Darwinian process", either going bust or deciding meagre profits are not worth their efforts.
"This will go down in the history books as one of the greatest fiascos of banking in 100 years," said Mr Roman
Sunday, 26 October 2008
American financier kills his family and himself after losing fortune in credit crunch
Last updated at 1:15 AM on 08th October 2008
Karthik Rajaram, 45, who had made almost £900,000 on the London stock market, shot his wife, three children and mother-in-law in the head before turning the gun on himself at the family home near Los Angeles.
He was found with the gun still in his hand.
In a suicide note to police, he blamed the killings on financial hardship brought on by a collapse in shares.
'Despicable': White House slams AIG bosses who went on lavish £250,000 trip days after £48bn government bail-out

By Daily Mail Reporter
Last updated at 8:06 AM on 09th October 2008
The White House has slammed the bosses of a failed insurance giant who spent hundreds of thousands of dollars on a posh California retreat just days after getting a £48bn bail-out using taxpayers' money.
A White House spokesman said the junket was a 'despicable' move from the bosses of American International Group, AIG.
AIG executives racked up a huge tab during the week-long getaway.


