What the bonus defenders always fail to mention is what would happen to these revenues if they were not paid out in staff remuneration. The answer is that that they would (or, at least, should) be used to increase a bank’s capital reserves.
There has been much talk of “youth power” in India over recent years. In a country where nearly two-thirds of the population are under 35, many have spoken of the need to revitalise politics with the talents of the young. Certainly the life and loves of young politician Rahul Gandhi – great-grandson of Independent India’s first leader Jawaharlal Nehru and son of Sonia and Rajiv – and other rising stars of the Lok Sabha, the lower house of India’s parliament, have been praised for introducing a new age in Indian politics. This has captivated India’s media class and many of its youth.
The announcement this week that the Office of National Statistics is to start producing official measures of Britain’s average happiness levels has been met with great interest.
Yes, it is number 435; asked by Michael Crick, who, along with Jeremy Paxman and Mark Urban, makes Newsnight top telly. He asked the full version of the question on Twitter:
Are Government plans to reduce no of MPs and introduce electoral system changes a fundamental assault on Parliament’s powers?
Interesting report, though.
This morning news broke that David Cameron had chosen to axe two members of his “vanity staff” after he reversed his decision to employ a personal photographer and camerawoman at the taxpayers’ expense. We look at the other stories slipped out of the back door today.
There are so many of them that it is easy to lose count. I called this number 432 when Armando Iannucci (right) asked it on Twitter yesterday, but the committee has now ruled that it is number 434.
If we are to believe reports Europe is practically ablaze, showered in broken glass and rumbling with raucous chants.
Something quite alarming is happening to car insurance. Premiums are up 38 per cent on last year, say the Office for National Statistics, a record high.
I thought that Mike Smithson at Political Betting had asked number 432 in my series of Questions to Which the Answer is No when I saw his post this morning.
Glad to have it confirmed by Tom Harris himself (right), in a post-final post on his blog:
What’s provoked me to make this last and final post [...]
Flying from India to attend the Battle of Ideas festival last month, I spoke on the panel of a lively debate entitled “Alternative medicine: the pros and cons”, where I outlined the reasons why I oppose alternative and complementary medicine.
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