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Did Antony Jenkins really receive no bonus?, Chunomics

Did Antony Jenkins really receive no bonus?

The practical difference between an “LTIP” award and an annual bonus has eroded considerably. To get the full benefit from an annual bonus a banker would have to wait 3.5 years. For an LTIP the waiting period is 5 years.

By | Chunomics, Eagle Eye | Thursday, 6 March 2014 at 1:52 pm

Top 10 First Sentences of Novels, Eagle Eye

Top 10 First Sentences of Novels

This Top 10, in The Independent on Sunday magazine, was always going to be hard to keep to just 10. Sure enough, I have received many representations on behalf of books that people thought should have been in the list.
Lots of people thought Anthony Burgess ought to have been in it. You know, the silly [...]

By | Eagle Eye | Thursday, 6 March 2014 at 12:38 pm

“Tainted Pockets”, Eagle Eye

“Tainted Pockets”

The Daily Mail does seem to be off its game. The headline I imagined it would use on the story of Tony Blair’s possible donation to the Labour Party is much better than what it came up with today.
I suggested:
This Blood Money Is Proof of Blair’s Guilty Conscience
What it actually came up with, on an [...]

By | Eagle Eye | Thursday, 6 March 2014 at 10:02 am

How bonuses work at Standard Chartered, Chunomics

How bonuses work at Standard Chartered

Is remuneration really tracking performance at Standard Chartered? Let’s see what shareholders say, but there is room for scepticism.

By | Chunomics, Eagle Eye | Wednesday, 5 March 2014 at 2:00 pm

David Owen and the Bad Fairy, Eagle Eye

David Owen and the Bad Fairy

Still further talking of David Owen, I forgot to repeat Denis Healey’s fine story about him:
When he was born, all the good fairies gave him every virtue: “You’ll be beautiful, you’ll be intelligent, you’ll have charm and charisma.” And the bad fairy came along and tapped him on the shoulder and said, “But you’ll be [...]

By | Eagle Eye | Tuesday, 4 March 2014 at 2:55 pm

Chuka Umunna speech: mostly harmless, Eagle Eye

Chuka Umunna speech: mostly harmless

Chuka Umunna, the shadow Business Secretary, is giving a speech tonight about “Labour’s plan for long-term balanced growth” to the EEF, which used to stand for Engineering Employers’ Federation.
As usual, it has some nice touches. He praises Ken Clarke, “who speaks a lot of sense” on Europe, and contrasts him with
most of his Conservative cabinet colleagues and [...]

By | Eagle Eye | Tuesday, 4 March 2014 at 2:28 pm

David Owen nearly endorsed Labour in 2005, Eagle Eye

David Owen nearly endorsed Labour in 2005

Still talking of David Owen, who endorsed Ed Miliband’s Labour Party reforms at the weekend, I’m told that he was prepared to come out for the Labour Party in the 2005 election, but wasn’t taken up on it.
I understand that, towards the end of the campaign, Labour were looking for ways to “check” the Liberal [...]

By | Eagle Eye | Tuesday, 4 March 2014 at 11:17 am

The Velvet Curtain of Religion, Eagle Eye

The Velvet Curtain of Religion

A friend draws my attention to a prophetic passage in Samuel Huntington’s 1993 essay, “The Clash of Civilisations?” In it, he predicted that post-Cold War conflicts would be at the edges of cultural tectonic plates.
One of his examples was Ukraine, which he called a “cleft country”:
It is my hypothesis that the fundamental source of conflict [...]

By | Eagle Eye | Monday, 3 March 2014 at 1:59 pm

Has Funding for Lending been a success?, Chunomics

Has Funding for Lending been a success?

While households were big beneficiaries, lending to small firms actually fell by £1.3bn last year.

By | Chunomics, Eagle Eye | Monday, 3 March 2014 at 12:19 pm

Blair’s gone, Lord Owen, it’s safe to come back now, Eagle Eye

Blair’s gone, Lord Owen, it’s safe to come back now

Talking of David Owen, how uplifting it was to see him back in the gateway to the Labour fold. (He’s not actually rejoining the party, he told BBC radio today, because he is too old to submit to the authority of the party whip, but he has donated “more than” £7,500.)
As I say in The [...]

By | Eagle Eye | Sunday, 2 March 2014 at 5:49 pm


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