It seems the silly season is extending to financial markets. I have yet to hear a convincing explanation about how the credit crunch is supposed to be such a disaster for the companies quoted in London and New York – yes, its bad news for American homeowners and a few of the more speculative private
Gerard Baker has a great column in The Times this morning about how Gordon Brown is trying to play it both ways on relations with America. Baker dubs it the bat’s piss strategy, in memory of the Monty Python sketch of that name. But as Baker notes there will come a time when Brown will
George W. Bush’s speech in May 2003 declaring major combat operations in Iraq over while a banner behind him proclaimed “mission accomplished” was, with the benefit of hindsight, unfortunate at best. (Even at the time it was clear that the fighter pilot-style entrance was a little excessive.) But Bush’s words could have been so much
Robert Putnam’s new work on diversity is sure to set the cat amongst the pigeons. The Boston Globe summarises the findings of The Bowling Alone author thus: “the greater the diversity in a community, the fewer people vote and the less they volunteer, the less they give to charity and work on community projects. In
The Bush clan will be gathering in their New England retreat this weekend and they will be joined, as Irwin Stelzer hinted they would be, by Nicolas Sarkozy, who is also holidaying in New England. Sarkozy is pulling off the opposite trick to Gordon Brown. While Brown has distanced himself stylistically from Bush but not
Do watch the opening segment from yesterday’s edition of Newsnight on what the Iranians are up to in southern Iraq. It gives you a very good idea of what the Iranian game plan is and how they plan to benefit from a British withdrawal. Even if Newsnight did rather spoil it by then having John Bolton
The contest between Hillary Clinton and Barack Obama is entering a decisive phase. The first primary is now only five months away and Hillary retains a commanding national lead, even if things are closer in the early states. So Obama needs to start taking chunks out of Hillary’s numbers soon if he is not going to
A small, but telling, example of the nature of the regime that will be hosting the 2008 Olympics comes in James Fallows’s latest missive from China. “CNN International began its report talking about what is obviously the main deal-breaking threat to the Olympics: the air. The correspondent had gotten far enough into the story to
Thank God for the Act of Settlement (1701). It keeps us focused. In the past week newspapers have been focusing on poor Peter Phillips, tenth in line to the throne, who is engaged to Autumn Kelly, a Canadian Catholic. If she does not abandon her religion, he will have to renounce his right to succeed
Drew Westen, the super smart American political scientist who wrote for The Spectator a few weeks back, has extracts of his new book on why leaders need to connect on an emotional as well as intellectual level in G2 today. Westen makes a good case; there’s no doubt that much of the Republicans’ electoral success
This morning’s Today Programme had an item on the Foreign Office Minister Mark Malloch Brown that’s well worth listening to. Malloch Brown has quickly become the most controversial of Gordon’s appointments. His desire for a “more impartial” foreign policy, for Bush and Brown not to be joined at the hip and his endorsement—albeit while still
A ballot initiative in California could have more impact on the 2008 presidential race than any of the back and forth that is going on between the candidates at present. Currently California gives all its presidential votes—and it has more of them than any other state, 55 of the 270 you needs to be elected
Here’s the Guardian’s website reporting William Hague’s defence of David Cameron today: “Speaking at a press conference in central London, Mr Hague also dismissed claims that Mr Cameron was failing to bolster Tory support in the north. He said the party had raised more money from northern donors in the first seven months of this year
Was the industrial revolution a product of downward social mobility? That’s the argument of a forthcoming book by the American historian Gregory Clark. His thesis is that as the rich had more children that survived than the poor, the population of England was by 1800 overwhelmingly made up of the descendants of the economic upper
The Washington Post this morning has a sobering account of the situation on the ground in Basra. The paper reveals that the US government has expressed concerns about the impact of the British pull back on the rest of Iraq at the highest levels to the British. While a senior US intelligence official tells the Post,
If you’re the daughter of a presidential candidate who already has political problems because of his complicated family life it doesn’t help if you reveals on your Facebook page that your supporting another candidate. The only silver lining for Rudy Giuliani is that his Harvard undergrad daughter Caroline (pictured with her mother and Rudy’s second wife) is backing
The most popular book among Labour MPs this summer is, according to a new survey, The God Delusion by Richard Dawkins. I have rather mixed views on Dawkins who is as dogmatic as those he so joyously bashes for their dogmatism. Rod Liddle brilliantly skewered this aspect of Dawkins in a Spectator interview with him
Abu Ghraib was a shameful episode and Don Rumsfeld, true to obstinate form, never seemed to grasp quite how much damage it had done America. But what is equally revealing is the careless way that Rumsfeld disclosed the name of the whistle blower, Joe Darby. Dabry recounted the story in the Sunday Times: “Five weeks later I
John Kampfner has a piece in The Guardian today urging caution on Labour and its supporters about the party’s electoral prospects because of the amount of resources Lord Ashcroft is pumping into the Tory’s target seats. Kampfner’s argument is that that the Tory money advantage combined with the fickle nature of the press means that
The Tories have dug up a rather good story. When Mark Malloch Brown was still at the UN he was a strong advocate of the EU having one collective seat on the Security Council, saying that it should happen “as quickly as possible. I’m a huge fan of it.” Now admittedly, Malloch Brown wasn’t in