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Final Word: Brown’s chocolate, but Blair’s a Jammie Dodger

07:05, 2009-Oct-21 .. 0 comments .. Link

Each morning in 10 Downing Street, Gordon Brown faces a nerve-racking decision: which biscuit should he take with his coffee at elevenses? Are McVitie’s too Scottish? Would a Duchy Originals offend the party’s left wing?

The prime minister was last week pearl jewelry asked to name his favourite biscuit during an interview. He refused to reply. He was asked a dozen times. He still refused. Anybody else would have laughed and picked a biscuit off the top of their heads (figuratively speaking). Not Gordon. Before reaching a decision, he must assess which biscuit would best play to voters in key marginals.

Finally, yesterday, after careful wholesale pearl jewelry deliberation, he declared for a chocolate biscuit. Any chocolate biscuit. David Cameron proved more decisive. He picked an oatcake, while Nick Clegg said sometimes it was rich tea and sometimes it was a HobNob. We already know that Peter Mandelson likes getting his teeth into a Butter Osborne. Or possibly a George Osborne. And there’s one biscuit that aptly sums up pearl jewelry wholesale Tony Blair’s political career — he’s always been a Jammie Dodger.

That can change if customers

07:03, 2009-Oct-21 .. 0 comments .. Link

Compass, the catering firm with 6,500 outlets in Britain, has banned the society’s 69 endangered fish species from its menus, including Atlantic cod. It should be applauded for doing so. Some food retailers, notably Waitrose and Marks & Spencer, have worked hard to ensure the fish they sell is from sustainable sources, which include properly run fish farms, responsible for about a third of the freshwater pearl fish the world eats. Some restaurants, it seems, think that is beneath them.

That can change if customers are prepared to do something about it. Mr Clover is launching freshwater pearl jewelry , a website that shines the light on top restaurants which have endangered species on their menus. The best include the Loch Fyne and, appropriately, the Fish! chains. Users are encouraged to “rat on a restaurant” or “pat a chef on the back”.

The worst offenders get the pearl jewelry wholesale site’s worst ratings: five red fish skeletons. Those which take the trouble to source fish properly receive one or more leaping salmon. Avoid the skeleton restaurants and they will change their ways. Good food should be sustainable food. Restaurants contributing to the disappearance of fish species need to get that message. Their customers can help to make sure they do.

It's time to cook up a storm over fish

07:01, 2009-Oct-21 .. 0 comments .. Link

Dozens of fish species are in danger from overfishing, or fishing methods that risk damage to other marine life or the environment. They include exotic offerings such as parrotfish. wild caviar and golden eye perch, but equally Dover sole, Dublin Bay prawns and common haddock, halibut and hake are at risk. The Marine Conservation Society has 69 such species on its “fish to avoid” list.

One of the biggest risks to these pearl jewelry endangered species is not just the giant factory ships, vacuuming up endangered fish and dolphins among the catch in their giant nets, although they are clearly a threat. There is another danger and it is from an unexpected quarter.

Some of the finest restaurants, whose chefs should not need lessons in sourcing food sustainably, are serving endangered fish. Charles Clover, the Sunday Times environment columnist, has been investigating where the fish in Britain’s restaurants comes from. A
pearl jewelry wholesale documentary based on his findings, The End of the Line, will be broadcast this week and some of its findings are shocking.

Nobu, the Japanese restaurant chain, has endangered bluefin tuna on wholesale pearl jewelry its menu. Cocoon, in London’s Regent Street, still serves wild Sevruga caviar from endangered sturgeon. Rick Stein, perhaps Britain’s most famous fish restaurateur, has halibut, wild salmon, turbot and Dover sole on his menu, all on the Marine Conservation Society’s list.

The problem is not just at Goldman

07:00, 2009-Oct-21 .. 0 comments .. Link

It has taken the ageingly hip Rolling Stone magazine to sum up Goldman Sachs. It called it “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money”. Goldman had pumped up the bubble and was now benefiting from its fallout.

The problem is not just at Goldman, which at least has paid back the $10 billion (£6.1 billion) it took from the US Treasury. RBS, as bust as a broken bank could be this time last year, was kept afloat by a daily hand-out from the Bank of England. Now it’s in the pearl jewelry money and its investment banking division has a £4 billion bonus pot. UK Financial Investments, the agency set up to manage taxpayer stakes in banks, should block these bonuses and get the bankers to re-enter the real world.

Bankers claim huge rewards are necessary to stop their best talent being poached. They need to look around them. Businesses have adjusted their pay, from the office or shopfloor to the boardroom, to take account of the recession and the pearl jewelry wholesale prospect of only a slow return to prosperity. Bankers should take their whole pay structure down several notches. Rewards for genuine success are fine; windfall gains that are the result of taxpayer-funded economic support are not.

There is a role for governments here. The G20, when it met in Pittsburgh last month, said there should be no return to “banking as usual” and warned against “excessive compensation in the pearl necklace financial sector”. It looks as though the banks were not listening. Governments need to make sure they do.

The Bankers don't get it on bonuses

06:16, 2009-Oct-21 .. 0 comments .. Link

Are they, to put it bluntly, taking the mickey? All those things that were supposed to have been banished for ever are back. Knight Frank, the upmarket estate agent, says demand for £5m homes in London has “sparked into life”. Sales of luxury goods are soaring again, champagne bars are filling up and tables at the swankiest restaurants are now as hard to find as a distraught banker under Waterloo Bridge.

It’s all because bonuses are back. A inflatable year after the banking system was bailed out by taxpayers, who will be dipping into their pockets for decades to pay for it, bankers are again living it up like Middle Eastern potentates on a shopping frenzy in Marbella.

Only a year ago investment banks were clinging by their fingertips to the ledges of Wall Street and the City. Lehman fell but the others, luckily for them and for the world’s financial system, were saved. Only a year ago we became shareholders in Royal Bank of Scotland (RBS) and Lloyds — having already become owners of Northern Rock and most of Bradford & Bingley. Banks that avoided taxpayer stakes were kept alive only by hundreds of billions of officially provided liquidity and guarantees.

Now look what is happening. Last week Goldman inflatable bouncer Sachs announced quarterly profits of £2 billion. The bank, having returned to huge profit in the previous quarter, is on course to pay out £13 billion, nearly £430,000, for each and every one of its 31,700 employees.

Investment banks do not have flat pay structures. That bonus pool includes a few thousand for secretaries, rising to tens of millions for the “big swinging dicks”. For Lloyd Blankfein, Goldman’s chief executive, it is simple. “Our business correlates with growth from wherever we are in the cycle,” he said last week. He forgot to mention inflatable castles Goldman benefits from the tens of billions pumped into economies by central banks. And doesn’t it have a bigger civic responsibility beyond setting aside a fraction of its bonus pool for charity?

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