The behaviour of financial markets in the last week confirms Lloyd George's observation that "financiers in a panic do not make a pretty sight"... more
THE New Economics Foundation report on how bankers destroy wealth (A Bit Rich: Calculating the real value to society of different professions) has received much press coverage... more
Not many months ago we were all born-again disciples of John Maynard Keynes. A new New Deal was on the way in which public pounds spent on good works would wash around the aching bones of the economy like some magical spa treatment ... more
The way to save capitalism will be hotly debated in London this week and suddenly the man who predicted its demise is fashionable again. Two writers argue over his legacy... more
The Arts Council is set for a change of leadership. It must resist the meddling of ministers — and redefine the cultural Olympiad, says one expert... more
The three-year-old, whipped into a state of exquisite anticipation, stares unhappily at the tree. "It takes too long to get Christmastime," she says, with piercing toddler woe... more
THE PRIME Minister today attempts to justify abandoning the borrowing rules he set back in 1997 and embrace debt in a bid to fend off the worst effects of the recession... more
Extraordinary times can bring extraordinary opportunities. This week's nationalisation of the banks creates a different new economic order, says one City analyst... more
A new exhibition celebrates the Viennese coffee houses where Mahler, Strauss and Schnitzler would exchange ideas. If only there were a modern London equivalent... more
With stock markets plunging after Lehman Brothers’ collapse, some analysts are predicting a global crisis comparable to the Wall Street Crash of 1929... more
Afternoon:
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