I am in Oxford at the TED Global conference, a melange of all sorts of talented people people making short and provocative presentations over four days. The surprise attraction at the opening session this afternoon was Gordon Brown, the British prime minister. Read more
I am not sure of the moral to be drawn from the fact that Citigroup, in its role as lender, has taken control of a resort hotel in California where American International Group held a retreat after being bailed out by the US government, but it is a straw in the wind.
The St Regis Monarch Beach in Dana Point is far from the only resort hotel to be in trouble as a result of the severe cutbacks in business travel and conferences following the financial crisis. Read more