New Statesman (1996)

Articles from Vol. 137, No. 4920, October 27

A Debt Spiral We Could Have Avoided: Economists Simply Would Not Accept That Their Model Could Fail, Argues Ann Pettifor
Who, five years ago, would have Predicted the part-nationalisation of Private banks, the UK Treasury considering abandoning its fetish of "inflation targeting", and prudent Gordon Brown breaching the EU cap on government spending? Well, some economists...
And Still the Chancellor Borrows: You Can Only Spend Your Way out of Recession If You Save in the Good Times, Says Kwasi Kwarteng
We're all Keynesians now: bank nationalisation; huge public borrowing; Alistair Darling boasts of spending our way out of the coming recession. Even Boris Johnson has backed 1930s-style public works to boost the economy. [ILLUSTRATION OMITTED] ...
An Old-Fashioned Misery Memoir: A Study of Victoria's Melancholy Youth Puts Clever Women on Our Screens Again
Timewatch: Young Victoria BBC2 I once saw a picture of a Jersey Royal potato and a picture of Queen Victoria placed deliberately next to each other in joke spot-the-difference competition. I forget where this gag appeared. I though it might have...
As the Champagne Corks Pop ... Yachtgate Leaves Voters with the Uncomfortable Feeling That the Super-Rich Own Our Politicians
At times like this, I think of Stafford Cripps. A vegetarian and teetotaller, who reputedly lunched exclusively on carrots, Cripps was Labour chancellor during the postwar austerity years. Even after he devalued the pound, the public gave him a positive...
Beneath the Ice: Adrian Glover Braves the Freezing Ocean around Antarctica and Finds It Rich with Underwater Life
I have recently returned from a two-month trip to Antarctica. I can report that despite our best efforts to warm it up, it is still damn cold. I can report the vast ice-world of our imaginations, but with a thin human presence of Portakabins, scientists...
Bye-Bye to Bling for Billionaires: Art Sales Have Been Inflated by Super-Rich Collectors Who Didn't Know What to Do with Their Money. Rare Works May Still Command High Prices, but the Era of Mass Production by Celebrity Artists Is Over
Observers of the Frieze Art Fair and Sotheby's and Christie's evening auctions in London this past weekend witnessed something rather like a freakish car chase in a Hollywood movie. The hero's high-performance luxury sedan had been exceeding the speed...
Credit Crunchable: With His Customary Impeccable Timing, Charles Saatchi Launched His New Gallery with a Chinese Show about Shrinking Western Power Just as Markets Collapsed
One thing you have never been able to accuse Charles Saatchi of is bad timing. Who else could spend three years planning a new gallery, fill it with symbols of the eclipse of western power by China, and unveil it in the week that capitalism seemed...
Dobbo's Frank Talk with Mandela
* Star turn of the tea room is the unlikely figure of Alistair "Now Everybody's" Darling. The country's bank manager has taken to boasting to the troops that he's halfway through implementing Labour's 1983 election manifesto. Hitherto known as "the...
Enfants in Terrible Times: This Year's Frieze Art Fair Featured Heaps of Recycled Ideas, Writes Tim Adams. and with Budgets Squeezed, Decadence Seemed Suddenly So Last Month
You didn't have to have read the papers to sense the end of something at Frieze. The excess that carried this event through its first five years, and helped to make the London art market a frenzied narcosis of Prada and oligarchs, seemed finally to...
Events
SATURDAY OCTOBER 25 PROFITS VERSUS THE PLANET Public discussion forum. With Professor Brian Morris (Goldsmiths College) and Adam Buick (Socialist Party). Free. 6pm. Refreshments. The Socialist Party, 52 Clapham High Street, London SW4....
Exercise Your Rights: Politicians on Both Sides of the Atlantic Have Been "Maintaining the Fiction" for Decades on All Aspects of Foreign Policy. It's Time We Demanded the Truth, Writes John Pilger
In 1992, Mark Higson, the Foreign Office official responsible for Iraq, appeared before the Scott inquiry into the scandal of arms sold illegally to Saddam Hussein. He described a "culture of lying" at the heart of British foreign policymaking. I asked...
George, Nat and Me
I am pleased to report that while Ricky Gervais was in London drumming up business for his new major motion picture we met to discuss what we might do for each other. Ricky has long been a Tory and Dave is a "huge fan", owning entire DVD sets of not...
Getting Money to the Poor Is Morally Right, and Effectives
It was not the best of times to be reminded that politicians of all parties seem so easily to find themselves enjoying the hospitality of billionaires and plutocrats. Nor to be told that the meetings off the coast of Corfu on the yacht of the richest...
Here We Go Again: The Tories Once More Face Embarrassment about Party Funds and Foreign Donors. but This Is Murky Territory for Labour, Too
Can it really be the case that Peter Mandelson has finally turned his love of the high life to the political advantage of the Labour Party? As the shadow chancellor, George Osborne, struggles to extricate himself from the swirling allegations made...
He's Got the Ill Communication: Nobody-Rapper or Otherwise-Has Patter like Radio 1's Hip-Hop Silverback
Crash. Tinkle. Boom. Sorry, BOOM. "This one's going out to my students struggling in education to get a qualification ... everyone standing on a street corner, doing it from a love for money ... we got the new Eminem, he's on the replace ... If it's...
In the Shrink's Chair: Inside Many a Successful Footballer Lurks a Worried Man, Writes Hunter Davies
Footballers are like politicians. We think they don't but they do, we hope they won't but they will, for if we prick them, they don't halfbleed. They have phobias, depressions, worries, jealousies, sulks, just like any run-of-the-mill person who has...
Lost in Rural USA: There Was a Time When Republican Candidates Could Rely on Small-Town America to Take Them to the White House. Now Even That's Changing
At a fundraiser on 16 October in Greensboro, North Carolina, Sarah Palin spoke of how glad she was to be in a "pro-America" part of the country: "We believe that the best of America is in these small towns that we get to visit, and in these wonderful...
No New New Deal: If Barack Obama Wins the Presidency, Comparisons Will Be Made with FDR, Another Charismatic Democrat to Take Office during an Economic Crisis. the Fear Is That the True Parallel May Be with Jimmy Carter
How dreadful it must feel to have one hand on the ultimate prize, only for it to be snatched away. Some deal with it better than others: after seeing the presidency taken from him by the Supreme Court, Al Gore grew a beard, put on some weight and turned...
Scandal: How the Press Tried to Destroy the McCanns
You may have missed it: at the High Court in London on 15 October, Express Newspapers agreed to pay [pounds sterling]375,000 in libel damages to the so-called "Tapas Seven", the friends of Kate and Gerry McCann who were with the couple in Portugal...
Shazia's Week Columnist of the Year: Someone Was Suing My Comic Friend in LA for Making Jokes That Involved African Americans
A few days ago a comedian I friend of mine called me from LA to tell me that he j was being sued. A member of the public was suing him for making jokes on the radio which involved African Americans. The man claimed he made too many jokes about African...
Stepford School Friends: Disney's Cheerful Cash Cow Is Honest in Ways Grittier Youth Films Can't Match
High School Musical 3: Senior Year (U) dir: Kenny Ortega Cynics tend to regard the High School Musical phenomenon as a pernicious force that has quietly permeated our society, not unlike chlamydia, or David Cameron's Conservatives. Long before...
Tactical Briefing: From: The Unit To: GB Subject: Capital Spending Projects
* So, pretty good week. Feels like things are returning to a more familiar rhythm again after the period of us riding high with our dreams of a mere nine-point poll deficit. Obviously we're not going to be able to maintain or possibly even achieve...
The Credit Crunch Bites No 4049
Set by Hank T Romein A sharp downturn is reported in the sums paid out by the Tooth Fairy, and current economic conditions must even raise doubts as to the future viability of the operation. Brown, Blair, Cameron and other political figures have...
The Death of Gucci Capitalism: Smart Politicians Know There Will Be a Shift of Power from Big Business to the People
We are witnessing the death of a paradigm. As is usual at moments of mourning, the new reality is being met by denial, resistance and anger from the initiators and defenders of the old faith. It would be parochial to think recent events expose only...
The Elvis of Golf
Seve Ballesteros was the finest golfer of his generation and the most inspiring figure I ever saw play the game. I hesitate in using the past tense, as Ballesteros isn't dead, even if he is seriously ill. But he departed this world as a professional...
The Fund Is Back in Town: The Tough Remedies of the International Monetary Fund Won It Few Friends and, in Recent Years, Countries Have Found More Obliging Lenders. but Now "The Bank of Last Resort" Is Back-With Its Austerity Packages
A year ago I attended an informal briefing in Washington by a senior British policymaker who lamented the passing of the International Monetary Fund as an institution of any worth. Globalisation meant that bankrupt nations no longer needed IMF medicine...
The President, His Church and the Crocodiles: One of Africa's Big Men, Felix Houphouet-Boigny Ruled for 33 Years, but Died with a Dream to Turn His Home Village into a Grandiose New Capital Unfulfilled. Now, 15 Years after His Death, the Dictator's Wish Is Being Granted
Jungle pressed against narrow road as we drove north. Trucks carrying thick hardwood logs hurtled towards us. The only suggestion of life beyond the thick green walls of vegetation was the occasional puff of smoke in the distance or a lone roadside...
The Second Coming: Inspired by Johnny Cash with His Ring of Fire, a Slew of Ageing Crooners Are Pursuing Their Desires and Reinventing Themselves as Serious Musicians
If you were a much-loved crooner of advancing years, your pockets nicely lined with the rewards of your career, what would you do? Ease your aching joints on to a gold lame chaise longue? Embark on a life of long lunches and fine wine? Or look at your...
Virginia Woolf Would Never Win the Booker
At 6.30am there's a bit of excitement in the green room at BBC TV's Breakfast Roger Moore and Michael Parkinson are there--"Two knights in one morning!"--but 1 manage to avoid the elaborate dance of the croissants and go straight into make-up. There's...