BLOGS by Stephen Kahn
I WANT MUSTARD. JUST GIVE ME MUSTARD!
Friday March 23,2007
By Stephen Kahn
LEAVE IT sunshine...
I think I have uncovered a conspiracy among sandwich makers in the Square Mile - if it's edible smoother it with mayonnaise.
Tasteless (if you're lucky), the consistency of shaving soap, and the colour of yogurt that has seen better days, a lava flow of mayonnaise has swept all before it. Though preferable to salad cream with its diesel aftertaste, I don't know why mayonnaise has supplanted butter as bread's best friend.
The last straw was the hasty purchase of a supermarket ham sandwich to discover that instead of sinus-clearing English mustard it had been lathered in mayonnaise.
The good Earl of Sandwich would not have been amused.
GOODBYE GORDON...AND GOOD RIDDANCE!
Friday March 23,2007
By Stephen Kahn
Yes, time to go Mr Brown...
Budget Day is the biggest annual event in the working life of a financial journalist. Last Wednesday had a special significance because it was almost certainly the final occasion we were obliged to hang on Gordon Brown's every word as Chancellor.
I certainly hope so. When he stepped up to the Dispatch-Box in 1997 to deliver his first Budget, there was a sense of the new. This continued for the next few years even though Brown stuck to the Tory spending plans. To liven up proceedings bets were taken, for example, on how many times he would use the word "prudence" in his speech. She packed her bags a long time ago as we Budget-watchers came to learn that next to nothing Brown said could be taken at face value. Old proposals would be dressed up as new ones, fast and loose was played with statistics, and worst of all stealth taxes inhabited the small print. You will have seen from Thursday's Daily Express how mean in fact was the Chancellor's sham income tax and corporation tax giveaways. Experience teaches me that it could be days perhaps weeks until accountants and economists have sufficiently analysed the Budget's small print before we can be certain that all the ...
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SEXING UP INTEREST RATES
Friday March 23,2007
By Stephen Kahn
David Blanchflower: Bringing sexy back...sort of.
'Money, Sex and Happiness: An Empirical Study' is the spicy title of an otherwise learned article co-authored by Professor David Blanchflower, the only one of the nine members of the Monetary Policy Committee who voted to cut UK interest rates at its meeting earlier this month.
Blanchflower's attempt to lower the cost of borrowing, which will be applauded by mortgage payers, was revealed in the minutes of the meeting published this week. Blanchflower has caused controversy because he is based in the US and has to commute to the MPC's monthly votes. But while he exhibits such dove-ish tendencies homebuyers and other borrowers will wish his well. It was while researching Blanchflower on his website that I came across his 2004 paper with its eyebrow-raising title. Its findings were underwhelming. Using data based on a study of 16,000 Americans the good professor concluded that "sexual activity enters strongly positive in happiness equations"; "higher income does not buy more sex or more sexual partners"; and "married people have more sex" than anyone else. ...
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