Barclays and the price of dishonesty


British and American financial regulators have fined Barclays £290 million for attempting to manipulate Libor, the benchmark interest rate that is used globally to set the price of everything from credit card fees to corporate loans. What’s the point of that? Customers and shareholders will have to pay the fine, not the wrongdoers. And if…

I’m speechless


“Upgrading rural broadband is a waste of taxpayers’ money because only rich people live in the countryside and all they will use it for is internet shopping.” So says labour MP Graham Jones, according to the Telegraph. What shocking arrogance and prejudice, even if it were true. The countryside has worse poverty than the city,…

The Information Age


The arrival at our newspaper of a new editor with fresh ideas has set me thinking about the nature of information gathering and dissemination. The evolution of the information ecosystem seems to have travelled an inverse pathway to the evolution of human society. First we were hunter-gatherers and then, ten thousand years ago or so,…

Dangerous dog owners to be jailed


More dog owners will be jailed for letting their pets run out of control and injure people after judges were handed tough new guidelines. via More dangerous dog owners to be jailed under new guidelines – Telegraph. About time. Dog-lovers always argue that “it’s the owner’s fault, not the dog’s”, so I assume they will…

Where next for cities?


I WAS at Royal William Yard in Plymouth last week, having coffee in the sunshine with Tom Bloxham, co-founder and chairman of Urban Splash. No doubt what he wanted to do was talk about the latest refurbished bit of the former naval victualling yard that his company is preparing to spring on the market. More…