Any other business

Martin Vander Weyer's Any Other Business Santander is a port in northern Spain with a population the size of Swindon’s. It is also the eurozone’s largest banking group, an institution that has far outgrown its origins to become the owner, in Britain, of Abbey, Alliance & Leicester and the branch network of the crippled Bradford & Bingley. Having spent more than £35 billion on acquisitions around the world in recent years, it is currently spending another £2 billion to buy 318 Royal Bank of Scotland branches, has just spent £1.7 billion to buy out Bank of America’s stake in a Mexican joint venture, and is hoping to pick up some more branches in Germany.

The British trade union movement needs to get a grip on itself. The British trade union movement needs to get a grip on itself. These days, the public associates the brotherhood of organised labour chiefly with the bizarre antics of the highly politicised Unite union, with its warring and tweeting joint general secretaries and its out-of-control airline cabin crew branch hellbent on destroying their own livelihoods by driving BA to bankruptcy in a dispute over travel perks. Yet at a time when jobs are at the top of the political agenda — the impending loss of them in the public sector, the urgent need to generate more of them, with higher skills, especially for young people, in the private sector — the workforce needs an articulate voice.

Martin Vander Weyer's Any Other Business ‘Why do we care what the markets think?’ asked the comedian Jeremy Hardy on Radio 4’s News Quiz last Friday. Whingeing leftie though he may be, Hardy had a point. ‘The markets’ were identified by spokesmen of all three political parties as the invisible presence at their secret post-election negotiating tables. A solution would have to be found ‘before markets open on Monday’ — and when it wasn’t, markets would still have to be reassured ‘very soon’.

Martin Vander Weyer's Any Other Business The downside of globalisation is contagion. That was the lesson of the Icelandic ash that damaged the livelihoods of Kenyan rose-growers, and it’s the lesson of this week’s Greek bailout. The deal that will see Greece’s euro partners stump up E80 billion, plus E30 billion from the IMF, touches millions of people who have never given a thought to the parlous state of Greek public finances. Crude oil blipped up on ‘buoyant sentiment’ while the Mexican peso looked perky, reflecting a view that riskier assets might be back in fashion.

Martin Vander Weyer's Any Other Business I’ve come up with a slogan to revive flagging Conservative canvassers — and an encouraging report from the doorsteps. My man in the housing estates of suburban York, of which I wrote two weeks ago, told me ‘the Labour vote is collapsing’ two days before reporters started using that phrase on Radio 4. He also said he was still meeting large numbers of ‘don’t knows’. So there’s everything to play for. But no one could say the Tory campaign has gone according to plan — and that fact is adding new venom to criticism of George Osborne, who is the campaign’s director as well as would-be chancellor.

Martin Vander Weyer's Any Other Business There’s a distinct whiff of unfinished business about the current assault on Goldman Sachs, which stands accused of fraud by the US Securities & Exchange Commission and of ‘moral bankruptcy’ by Gordon Brown — you know, that Scottish bloke who sometimes stands on platforms quite close to Nick Clegg. When the leading Wall Street investment bank was dubbed last year ‘a giant vampire squid wrapped around the face of humanity’ by Rolling Stone columnist Matt Taibbi, the phrase resonated around the global blogosphere: everyone knew exactly what he meant.

Martin Vander Weyer's Any Other Business Bored by the election already? If you want to avoid it completely, I suggest a three-week holiday in scenic Bishkek, capital of Kyrgyzstan, where the national dish is boiled horse, the national pastime is bride-kidnapping, and they still change governments the old-fashioned way, with a little help from their friends in the Kremlin. But if you merely dislike watching our own politicians sniping at each other on television, and yearn for a form of debate that addresses real-life issues, I recommend signing on to help your local candidate, of whichever party you prefer, in door-to-door campaigning.