Sunday, 29 May 2011

Guilty until proved innocent

She never thought it would come to this. Being dumped in a 15ft by 10ft cell in the country's most notorious jail. In a filthy place and in the close proximity of some of the most hardened criminals of the land. Her only consolation was that there were many like her, who believed they were innocent, hadn't been convicted and yet forced to already begin serving their punishment. Her crime was that...

Sunday, 22 May 2011

Thursday, 19 May 2011

Succession at the IMF

Unless you have a visceral hatred of the IMF, you could not have missed all the media coverage of Dominique Strauss Kahn, its boss. The affair has exploded like a nuclear bomb on a number of fronts. Firstly there is the IMF itself, currently deeply involved in the European bailout situation. Secondly it has blown open the French Presidential race - he was the front runner and it was quite possible...

Sunday, 15 May 2011

Saturday, 14 May 2011

Dot Com Bubble II

I am a dinsosaur. I freely admit it. In the heady days of Dot Com Bubble I, it was often said that old foggies didn't "get it", when they stared open mouthed at insane valuations. A decade after that, I still don't "get it". Can somebody explain to me the valuation of $ 8.5 bn for Skype, which Microsoft...

Sunday, 8 May 2011

Thursday, 5 May 2011

Sox and smelly feet

Remember the Sarbanes Oxley Act ? The one that was promulgated in the aftermath of Enron. This was supposed to ensure that accounting scandals are greatly minimised. The Act that had every business chief howling that it was draconian , that compliance was putting a huge cost on business, etc etc. Well, it turns out that investors, whom the Act was supposed to protect, actually don't care all that...

Sunday, 1 May 2011

Watch out; Big Brother is watching

Readers of the blog are perhaps too young to have read George Orwell's 1984. Its a fictional novel about a totalitarian future state where every individual is completely monitored and controlled. In fact the term Big Brother, originated in this novel. Well, here's news for you. Big Brother has indeed arrived - just 27 years late. If you hadn't heard, both Apple and Google are accused of recording...

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