Daily Archives: June 4, 2012

Charles Clover

Mikhail Prokhorov during his news conference on June 4, 2012. AP Photo/Alexander Zemlianichenko)

Mikhail Prokhorov during a press conference on June 4. AP Photo/Alexander Zemlianichenko

Mikhail Prokhorov, the billionaire owner of the New Jersey Nets basketball club as well as a good chunk of the Russian economy, has created a new political party, but refused to join it.

It is a characteristically inscrutable move by Prokhorov, whose political career is nothing if not an exercise in creativity. Last fall he established a political party which then summarily expelled him, following which he ran for President, declaring that with his $18bn fortune, he “represented the Russian middle class”. He came a surprising third in March. Read more

Alan Beattie

It’s EUROPE’S SCARIEST CHART (against some pretty stiff competition): Spanish youth unemployment above 50 per cent! One in two young Spaniards on the scrapheap! Packs of ravening wolves roaming the streets of Madrid!

Prepare to be terrified:

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