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Brioche for all
Tax avoidance
This tax haven / tax avoidance stuff is getting silly. The Times carries the latest tax avoidance story — that Google has been channeling its revenues through Ireland so not paying UK tax — as if it were some kind of national scandal.
High speed rail, US-style
Death and the King’s Horseman
I watched Heat once on a plane, with those tinny headphones that come to you in a plastic bag with a tube of toothpaste and a cotton bud and are so ineffectual you catch about half what’s going on. As a result, I learnt two lessons. One, bring your own…
Bank bailouts, circa 1931
In The Last Tycoons, his history of the bank Lazard, writer William D. Cohan refers to a rather familiar-sounding event. In 1931, Lazard’s operations in London and Paris came close to bankruptcy when a rogue trader gambled twice the bank’s entire capital and lost the bet.