“When my mother was 10, she was evacuated to Sendai and saw the whole town get bombed flat. My father experienced the big air-raids on Yokohama. Their generation started out when there was nothing left of Japan but smoking ruins. Don’t worry about us – we’ll definitely recover this time too.”
Long-term residents of Tokyo tend to be blasé about earthquakes, but this one felt different right from the start. It announced itself with a thunderous jolt
Who has survived the global credit crisis in the best shape? As Chou En Lai said about the impact of the French Revolution, it’s still too early to judge. The snap verdict that China is the big winner and the US and rest of the old G7 are big losers is already looking questionable.
Serious sport, according to George Orwell, is war minus the shooting. In the words of Bill Shankly, legendary manager of Liverpool F.C., football is not a matter of life and death; it’s much more important than that.
John Veals is the villainous hedge fund manager in Sebastian Faulks’ best-selling credit-crunch novel “A Day In December.” He is a man with no friends, no culture, no interest in anything other than making money. His nefarious machinations lead to the failure of a major British bank, enabling him to make huge profits from his short positions. Other characters in the novel include Gabriel Northwood, a virtuous lawyer, and Roger Malpasse, a retired banker of the old school.
I am a digital cat. I was designed in Mumbai and manufactured in Shenzhen. Where I live digital cats outnumber children. That’s because they are much cheaper. If you cannot afford the latest version, you can buy a second hand product at a shop called CATOFF.
Emerging markets, it seems, have had a good crisis. In contrast to the debt-ridden G7 economies, they have quickly resumed their growth trajectory. No surprise, then, that US emerging market mutual funds are experiencing record inflows. The stellar performance of the Brics markets – Brazil, Russia, Indian and China – is due to continue into the distant future.
There’s more to Japan’s new first couple than meet the eye. The prime minister’s wife, Miyuki Hatoyama, claims to have befriended Tom Cruise in a previous life when he was, apparently, Japanese. Meanwhile the prime minister himself has been behaving like the re-incarnation of a French intellectual.
Shabu shabu is a simple but delicious Japanese dish in which transclucently thin slices of beef are dipped into a boiling broth of vegetables and tofu. A few seconds will do; just enough for the meat to turn pinky-grey.
It’s déjà vu all over again. That’s what the rip-roaring bull market in Chinese stocks looks like to anyone who lived through the late 1980s Japanese bubble.