By Ben Chu
Why have no heavyweight comedians ridden to the defence of Russell Brand and Jonathan Ross? We had Adrian Edmondson in The Independent today, but his argument felt a bit half-hearted. So where are the Michael Palins, the Terry Joneses, the Armando Iannuccis, the Chris Morrises? They've all been on the receiving end of public opprobrium for their material over the years. Surely they should be standing up for two of their persecuted brethren now, writing stirring defences of free speech and the like?
Continue reading "Ross and Brand deserted" »
By Ben Chu
They still don't get it. Read this report in the FT today on banking bonuses and the (belated) political pressure for them to come down. Here's an anonymous quote from what is described as "one prominent UK banker" defending the present remuneration levels: "A bonus has completely lost its value because you can't live on basic pay in London". Bear in mind that basic pay for many "prominent bankers" in London is £300,000 a year.
Continue reading "Bankers plead poverty" »
By Ben Chu
There are some who say that playing the "blame game" in a financial crisis on this scale is irresponsible. Sort it out first, they say. I disagree. You cannot put taxpayers around the world on the hook for billions of dollars, pounds and euros and then expect them not to ask why it has come to this and who is responsible. Not in a democracy, at least.
But it is important that the right people are held accountable. After the collapse of Lehman Brothers last month, the penny finally dropped in our media that the large private Western banks themselves are primarily responsible for the mess. Yet now a counter-narrative is being put forward - two examples here
and here - that argues responsibility for the crisis should really be
laid at the door of governments, who recklessly encouraged the lending
boom in the name of extending home ownership to all sections of
society.
Continue reading "Blame governments for this one? Nonsense" »
By Ben Chu
I've held off long enough. It's an emotional wrench to suggest that the football club you support is going to go bust. But that, I believe, could be the fate that lies in store for Manchester United.
Continue reading "Why Manchester United could go bust" »
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