The latest recipient of a bail-out seems to be Matthew Bishop, the author with Michael Green, of Philanthrocapitalism: How the Rich Can Save the World, a book about the new wave of philanthropy by business leaders and billionaires.
Matthew, who works for The Economist, had the misfortune to publish his book last August, at precisely the moment when the financial bubble popped and the notion that the such people were benefactors from whom traditional foundations and governments should learn lost its appeal. Read more
I ran into Nouriel Roubini, the New York University economist who made his name by being very gloomy about the world economy and the financial system before both came crashing down, last night. I think it is fair to say that he was looking extremely cheerful.
For one thing, Prof Roubini – who is known as Doctor Doom – is omnipresent in Davos this year, along with his fellow seer of pessimism, Nassim Nicholas Taleb, author of The Black Swan. He is officially on four panels (Mr Taleb is on six) but he told me he is speaking at 10 events in Davos altogether. Read more
My column in the FT this week, as promised, relates to a certain Swiss ski-ing resort: Read more
I have a review of Jeff Jarvis’s What Would Google Do? in Thursday’s FT. I enjoyed reading it but I disagreed with much of what it said.
It took a long time to work out what was wrong with this book. But near the end, Jeff Jarvis himself, in his agreeably open manner, comes close to pointing it out. He has got the wrong company. Read more
On my travels, I neglected to post the review I wrote for the FT on Monday of Kenneth Roman’s The King of Madison Avenue, a biography of the late David Ogilvy:
In 1989, having dismissed Martin Sorrell as “this gnome” and vilified him in the Financial Times, David Ogilvy took up Mr Sorrell’s offer to absorb Ogilvy & Mather into WPP and make Ogilvy non-executive chairman. Read more