Don't forget the eurozone: Citigroup peg probability of Grexit at 90%
ECB President says he'll do "whatever it takes" to save the euro.Remember the eurocrisis? It didn't go away, we've just all been nicely distracted by bread and circuses. And while no-one was looking,...
View ArticleThe questions a real banking inquiry must ask
MPs should look at whether we need this style of investment banking at all.Tony Blair is keen that bankers are not hung from lamp posts. Some would say such a punishment would be the easy way out for...
View ArticleThis week's NS: The London issue
Summer double edition: essays, fiction, art and photography inspired by the capital. Special double edition with contributions from Vivienne Westwood, Matthew Hollis, Maurice Glasman, Will Hutton, Ruth...
View ArticleIs Radio 4 too middle class?
The station's voices are most likely to be drawn from selective and private schools, white, middle aged and male. Does that matter, though?Here’s a story for the hand-wringers at the BBC to think...
View ArticleProductivity's down, but can it recover?
There probably isn't a long-term drop in productivity.The standard explanation for the divergence between the (quite good) employment data and the (abominable) GDP data is that productivity has, for...
View ArticleHigh Court to give "Twitter Joke Trial" appeal verdict
Lord Chief Justice to hand down judgment todayLater this morning the Lord Chief Justice will be handing down judgment for the High Court appeal of the "Twitter Joke Trial". This case is about whether...
View ArticleMischievous Lib Dem chatter is a political gift for Osborne
Nothing is surer to mute Tory complaints about the Chancellor than wild speculation about Vince Cable as the alternative.It is one of those peculiar permutations of coalition politics that George...
View Article"We are sorry": Agius apologises for Libor scandal as Barclays profits plummet
The bank announces a 71 per cent drop in statutory profits for the first half of the year.Barclays has reported a 71 per cent fall in pre-tax profits for the half-year ended 30 June – a year-on-year...
View ArticleDrunks, gang-members, arsonists, reoffenders, truants - it's all more...
Places like the St Giles Trust shouldn't struggle for funding. “Yet another article in the ongoing series ‘Violent criminals should not be blamed… It's all the fault of the authorities". Comment from...
View ArticleClik here to view.
Ralph Steadman on the Olympics
The artist's interpretation of London 2012, with hints of Danny Boyle's opening ceremony.In this week's New Statesman, a double issue special about London (available on the newsstands now), you'll find...
View ArticleFacebook posts second-quarter net loss of $157m
A major dip as the social network publishes its first quarterly results since becoming a public company.In Facebook's first results since its shambolic stock market debut in May, the social networking...
View ArticleThe Friday Arts Diary
Our cultural picks for the week ahead. Art Tate Britain, London SW1 - Another London: International Photographers Capture City Life 1930 – 1980, 27 July–16 September Tate Britain explores the capital...
View ArticleCycling through France
...and unlearning the mentality of road vermin. France is exactly the same. Completely different. With the Tour de France just over for another year, you can sense the national respect for cycling in...
View ArticlePlaying the eurozone blame game shows the extent of Osborne's failure
The longer the coalition remains in denial, the longer it will take for Britain to recover from its economic depression.One of the first lessons a new government learns is how to blame their...
View ArticleNew medicines are, unsurprisingly, a really good thing
So let's have more of them.Via Marginal Revolution, a research paper which looks at the value of pharmaceutical innovation: Pharmaceutical innovation is estimated to have accounted for almost...
View ArticleJeremy Hunt gets into the Olympic bell-ringing spirit
Hits a woman with the bell. Hat-tip: Reuters and the New Statesman's own Martha Gill
View ArticleTotal's second-quarter net income down 42 per cent
The French oil and gas explorer sees a major drop in income but a 9 per cent increase in sales.The French oil and gas explorer Total has reported a net income (group share) of €1.58bn for the second...
View ArticleTwitter fires first shots against Instagram/Facebook
The Great Network Wars of 2012 have begun.Someday, your children will ask you "where were you when the first shots of the great Twitter Wars were fired?" Well, if you're reading this from Britain, you...
View ArticleTwitter joke: No evidence anyone found tweet 'menacing'
Paul Chambers wins his appeal over the "Twitter Joke Trial"Paul Chambers’ conviction for sending a “message of a menacing character” has been overturned after two judges found he did not intend his...
View ArticleWilliam Hill's half-yearly profit climbs 15 per cent
Gambling on mobile devices increases to 22 per cent of sports betting stakes.The UK betting company William Hill has posted a profit after tax of £117.9m for the first half of 2012, an increase of 15...
View Article