The Great Debate UK
from Business Traveller:
Travel writer and newspaper columnist A.A. Gill told listeners of BBC Radio 4’s Excess Baggage programme last week that he doesn’t do research, doesn’t take notes and considers himself a rather superficial traveller, a tripper.
Whatever his methods, not many writers can so succinctly drill down into a destination simply using well-honed observational skills. Gill seems to know by osmosis who best to chat with while dashing around a destination – and somehow plans his visit at a particularly prescient moment in time.
Readers who seek politically correct armchair travels, where all the colours and customs of the far-flung world are greeted with wide-eyed awe may not enjoy Gill – he is acerbically provocative, occasionally chauvinistic, has kept the Press Complaints Commission consistently busy and caused a minor diplomatic incident with the Isle of Man in 2006 after deriding its citizens in a Sunday Times column.
While those on the receiving end of his compound-adjective-heavy wit might call it bigotry, his fans – and they are many – would not hold his writing in such high regard were his take-no-prisoners commentary not punctuated with thoughts and ideas pulsating with wisdom.
from Global Investing:
Let's not beat about the bush: the winners in this year's investment stakes were those who cashed out early in the financial crisis, looked at hugely oversold stock markets in March and jumped back in. The losers were those who spent too much time thinking about it or, worse, thought it was a good idea to put all their money in Dubai stocks and Greek government debt.
For the winners, it all had to do with market timing. Buying MSCI's emerging market stock index at its March 3 low brought gains of close to 110 percent. It was "only" a bit above 72 percent for the full year. World stocks as a whole gained around 30 percent for the year and nearly 75 percent from the March low.
There has only been one IPO completed on the Dubai Financial Market in the past 14 months and that was for construction contractor Drake & Scull in July last year.