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London Cycle Hire scheme ‘not ready for launch’ *Updated*,

London Cycle Hire scheme ‘not ready for launch’ *Updated*

UPDATE: Independent staff awake enough to notice this morning arrived on Derry Street, our home in Kensington, to find a gleaming new docking station ready for launch. One colleague previously too terrified to ride in London is already planning to finish her tube journey to work early so she can cycle through Hyde Park, which [...]

By | | Wednesday, 14 July 2010 at 4:57 pm

What happened to the nitroglycerine?

I wonder if those who enthusiastically transmitted Pimco’s view that UK debt was “resting on a bed of nitroglycerine” will now be informing people that the fund manager has changed its mind?

By | Eagle Eye | Wednesday, 14 July 2010 at 4:16 pm

The World Cup’s legacy should be universal education

The World Cup is over. After a month of magnificent spectacle, the last football fan boarding the plane home from South Africa will leave behind a country rightly proud of the first World Cup to be held on African soil. But after the stadia have emptied, the world’s media have packed their bags and the [...]

By | The Foreign Desk | Wednesday, 14 July 2010 at 3:54 pm

Markets, discipline yourselves, Eagle Eye

Markets, discipline yourselves

The idea that the blame for the credit meltdown can be blamed on the public sector, rather than the private sector, doesn’t get any more convincing however often it is repeated.

By | Eagle Eye | Wednesday, 14 July 2010 at 3:32 pm

Why Alastair Campbell turned down the money, Eagle Eye

Why Alastair Campbell turned down the money

Alastair Campbell has a great line in a waspish article in The Daily Telegraph today on the virtues of keeping a diary rather than writing a memoir based on hazy recollection. Just in case we were unsure to whom he was referring, he corrects a point of detail in Peter Mandelson’s The Third Man, serialised [...]

By | Eagle Eye | Wednesday, 14 July 2010 at 2:22 pm

Independent iPhone app: An update, Notebook

Independent iPhone app: An update

Good news: Not only has our free iPhone app been updated for optimal performance with iOS4, it works no matter how you hold the handset.

By | Notebook | Wednesday, 14 July 2010 at 2:08 pm

Will the banks put recapitalisation and lending before bonuses?, Eagle Eye

Will the banks put recapitalisation and lending before bonuses?

The banks can simultaneously recapitalise themselves and maintain lending to the real economy provided they stop paying boom-era bonuses to their staff and boom-era dividends to their shareholders.

By | Eagle Eye | Wednesday, 14 July 2010 at 1:28 pm

Size does matter in banking, Eagle Eye

Size does matter in banking

According to the Bank of England, larger UK banks expanded much more rapidly than smaller institutions in the run-up to the crisis and have received disproportionate taxpayer support during this crisis.

By | Eagle Eye | Wednesday, 14 July 2010 at 1:05 pm

God’s morally compromised banker, Eagle Eye

God’s morally compromised banker

Surely if curbing bankers’ pay is the morally right thing to do, one should just do it, regardless of the behaviour of others. What would Jesus have made of Stephen Green’s equivocation?

By | Eagle Eye | Wednesday, 14 July 2010 at 12:55 pm

If you’ve got a ‘proper’ job, hang on to it

Unemployment is down. Good news, of course. But there’s always a cloud attached to a silver lining. An astonishing1.5 million of us are actually officially in jobs we don’t want, temping while we look for something better; a version, I would say, of hidden unemployment. Chances are they are also in work way below their qualifications, let [...]

By | Eagle Eye, Econoblog | Wednesday, 14 July 2010 at 12:33 pm

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