Daily Archives: September 21, 2009

John Gapper

Are we supposed to believe that the governing body of Formula One racing had any intention of disqualifying Renault from the sport for deliberately crashing a car in last year’s Singapore grand prix?

The fact that Renault got a suspended sentence is no surprise since the power lay with the team rather than the Fédérational Internationale de l’Automobile. The latter could not afford to lose another team after Honda and BMW pulled out. 

John Gapper

The notion that the head of a creative enterprise needs to be creative himself, or herself, has always struck me as dubious, for reasons that I have written about before.

It is certainly dubious that someone needs to be kept at the head of a media organisation because people like them, or they get on well with the talent. That was the justification used by many A&R men in the music industry and is regularly wheeled out elsewhere in the media. 

John Gapper

Senator Chris Dodd’s proposal to wrap together various US financial regulatory agencies into one “super-regulator” and squeeze out, or at least reduce the role of, the Federal Reserve, reminds me of something.

It is the decision by Gordon Brown, then the chancellor of the exchequer, in 1997 to strip the Bank of England of its role in banking supervision and to consolidate regulation under the Financial Services Authority. 

John Gapper

Hello everyone. I have returned from my break so normal service, whatever that is, is being resumed.