Any other business

In the autumn of 1984, solicitors were allowed to advertise for the first time, but if the public failed to spot their modest announcements it was probably because the newspapers were awash with a much more unusual publicity blitz. The government was selling half of British Telecommunications, as the phone company was then called, and it needed the help of people who had never previously owned a share. The BT flotation was the start of a phenomenon that was as much a part of the decade that followed as Bros, the Pet Shop Boys or Wham! Buoyed by a bull market, the government used the BT model to sell £80 billion of nationalised industries, balancing the government books and creating a new generation of equity holders. BT was not the first privatisation.

Dominic Midgley says a great institution of national life is under threat from the credit crunch, the smoking ban and cheap supermarket booze — but there are signs of hope The sounds of merry-making could be heard from the street as 300 journalists, suppliers and associated hangers-on gathered at The Northcote pub in Clapham last month to toast the opening of Geronimo Inns’ latest outlet. Geronimo’s founder Rupert Clevely, the amiable former marketing director of Veuve Clicquot champagne, was on hand to dole out wine and press the flesh as he celebrated his sixth opening of the year. All in all, it was like a scene from a film set in a happier world before the term ‘credit crunch’ had been invented.

Five travel writers journey far and wide to find the world’s last unexplored wildernesses Patagonia Lucinda Baring Arriving in Patagonia, the region spanning Argentina and Chile at the southernmost tip of South America, I really felt I’d reached the end of the earth. The journey is an epic but rewarding one – this was the most spectacular scenery I’d ever seen. My destination was Hotel Salto Chico in the Torres del Paine National Park in Chile. This small enclave of comfort, surrounded by wide green lagoons and sheltered by snow-capped mountains, is designed specifically to cosset you after a day spent amongst the elements.

We’ve been bingeing on plastic for the past decade, says Matthew Lynn, and the £54 billion we owe as a result is about to knock another hole in the banking system One year on from the period of panic that followed the collapse of Lehman Brothers, you might be forgiven for thinking the worst of the credit crunch was over. The banking system has steadied. The stock market looks perky. The housing market is limping out of the convalescent ward. The trouble is, you’d be wrong. The credit crunch has a nasty little sibling, with whom we are yet to be fully acquainted. Call it the credit card crunch — except it’s not so much a crunch as the financial equivalent of a full-scale pile-up on the M1.

Bourneville chocolate with Kraft cheese slices? Not a recipe I’d recommend The £10 billion bid for Cadbury by Kraft Foods, Inc of the US has provoked little protest — other than from the chocolate maker itself, which says it would rather remain a ‘pure-play confectionery business’ than become a component of Kraft’s ‘low-growth conglomerate’. The fight will come down to price, sentimental factors such as history and culture swiftly forgotten. Cadbury, in its model village of Bourneville on the edge of Birmingham, used to be an icon of progressive Quakerism in business.

Having made an ambitious campaign pledge and staked his domestic credibility on the promise to radically reform and restructure the health insurance industry, Barack Obama has been forced to endure a sticky summer of sliding poll ratings and sustained Republican attacks. One gets the impression that even die-hard Democrats are slightly ‘over’ their initial enthusiasm for an overhaul, and it’s starting to look as though it may take a lot more than a spoonful of sugar to help this particular medicine go down. There’s a pervading and impatient urgency awaiting Mr President’s next move. Even Facebook devotees tried to jump on the political bandwagon; urging quasi-acquaintances to join forces and virally reiterate a simplistic and watered-down message.

After 50 years of communist gristle, no wonder old Fidel’s guts are playing up There’s a degree of natural justice in the fact that Fidel Castro had to cede power to his brother Raúl last year because of serious gastro-intestinal problems. Put bluntly, after 50 years of Castro communism, Cuban cuisine is absolutely revolting. It’s rumoured that barely a thousand head of cattle remain on the island — down from several million pre-Fidel — and that gristly offcuts of beef and mutton are imported from Venezuela, Costa Rica and even the US. Restaurants come in two grades: cheap, cheerful and awful; or pricey, miserable and awful.

For centuries, intrepid explorers went in search of Arctic treasure — but pursued only a mirage. From the time of Marco Polo, numerous expeditions were made to map a mythical Northwest Passage between east and west, but many ended in tragedy and a viable route was never found. Others vainly scoured neighbouring lands for fabulous gems. Martin Frobisher, for example, sailed there in 1577 to find gold but returned only with worthless iron pyrite — infuriating Queen Elizabeth, who lost a large investment. Today, however, hopes are raised that climate change could at last make such dreams a reality. Many scientists are convinced that, as the ice retreats, the region can soon be properly explored and vast natural resources exploited.