Newspaper Watch

Err, no

The global fascination with the Royal Family makes them one of Britain’s biggest tourist attractions, bringing in hundreds of millions of pounds to the economy each year.

The same appeal means buyers, particularly foreign investors, are willing to pay a regal premium for properties close to royal residences. In some locations a royal postcode can increase the value of a home by more than half.

The average price of postcodes closest to Clarence House, the London residence of the Prince of Wales and Duchess of Cornwall, sits at just under £2.4m.

This proximity to the royal neighbours adds a premium of 63pc when compared to the average asking price of almost £1.5m in the borough of Westminster, where Clarence House is located.

Palaces tend to be n nice areas. Even, the presence of a palace has led to development, over the years, as a nice lace. Even possibly, folks choose nice areas to build palaces in.

Houses in nice places are worth more. Surprise!

Blimey, didn’t know Chris Dillow was this bad

Vicar-in-training Dominic Toms is part of a phenomenon being described as “the Great Resignation” – masses of employees who used the pandemic to reassess their working lives, hand in their notices and seek new pastures.

Some, like Mr Toms, who left a career in the media for a life with the Church, have pursued an entirely new path, while others are taking advantage of a booming jobs market to earn a higher salary.

Toms worked at Investor’s Chronicle with Chris Dillow. Didn’t realise the lad was so oppressive as to drive coworkers into the Church. Can’t be actual belief or anything as the CoE doesn’t do that.

Then again, freelance journalism is one of the few crafts left where a vicar’s stipend is a step up in income.

Amazingly

As the boss of Heathrow, the job of John Holland-Kaye is essentially to act as chief lobbyist for the airport’s mega-rich overseas owners, campaigning relentlessly for better commercial terms that will boost their returns.

That’s in the business pages of the Torygraph. Can;t be long before they’re shouting about the international cosmopolitans and the Jooos.

The bloke running a business is supposed to work for the shareholders or not?

What fun

The Guardian’s venture capital arm has invested in a UK start-up alongside Sir Len Blavatnik, Britain’s richest man, despite repeatedly criticising the billionaire in print.

GMG Ventures, which invests money on behalf of the Scott Trust, the owner of the Guardian, has joined a a $16.5m (£12.1m) fundraising round by Vidsy, a video advertising technology company. Sir Len’s business Access Entertainment was another investor.

That clash between cash and moral stances, eh?

Interesting economics

While savings accounts and CD yields are at historic lows, inflation this year is expected to increase at the fastest pace since 1991, eroding consumers’ purchasing power and reducing the value of their dollars. Normally, high inflation leads to higher interest rates that translate to higher rates on savings accounts as banks seek out deposits.

Umm, why would higher inflation increase bank demand for deposits?

Fun mistake

After high school she became a feature writer for her local Essex paper, the Chigwell Times. However, she was forced to resign after filing a story about a local sports club dinner she hadn’t attended and failing to report that the after-dinner speaker had died midway through the speech.

About Ruth Rendell.

Seriously Telegraph, nul points

A Michael Deacon column, sure, why not? Revive Way of the World, sure why not?

Starting today, Way of the World – Michael Deacon’s new twice-weekly column for the Telegraph – casts a satirical eye over the news …

Just no.

We want the choler, vindictiveness and pure menacing hatred if you’re going to call it Way of the World. Without those is to trample on the blessed memories of Peter Simple and Auberon Waugh.

Do understand the point – it’s not anti-Mr D columns. It’s more where has the Feudal Times and Reactionary Herald gone?

Lefty hand waving

Robert Kushner:

Back in May, President Biden did something worth celebrating. He authorized U.S. Trade Representative Katherine Tai to reverse the long-standing U.S. opposition to waiving the patent, copyright, and trademark protections of the WTO treaty known as TRIPS, to which the U.S. is a party.

With that waiver, countries with vaccine manufacturing capacity, such as India, could produce the Pfizer vaccine at cost, at adequate quantities, and deliver it worldwide. But since that brave gesture, career U.S. trade officials based at WTO headquarters in Geneva have slow-rolled the TRIPS waiver, and there has been no progress at getting vaccines actually produced in quantity.

Patents are the problem, are they?

ADAR POONAWALLA, CEO of Serum Institute of India (SII), on Friday said they were building a facility to make mRNA vaccines, even as SII was scaling up its production of Covishield vaccines from the present 160 million doses monthly to 200 million doses from October.

While the facility for mRNA vaccines will take two years to be completed,

Oh, no, patents aren’t the problem.

Gee, the real world is a complicated place, ain’t it?

Oooooh, Cool!

Willy:

Britain’s broadcast media is too valuable to be the toy of politicians and moguls
Will Hutton

Privatise everything to get the politicians out of it!

Except, of course, that’s not what he means. Instead, he means that the taxpayers should still pay for it all. But elections shouldn’t be allowed to change either what is reported, how it is reported, nor who pays for it.

So even if we revolt against Willy we still have to put up with Willy.

A truth in The Guardian

Well, yes:

From crackpot Covid theorists to antivaxxers, hubris and fear haunt the wellness community
Brigid Delaney

The randomness of illness is far too frightening for many to contemplate – so they rely on a fiction they’re special and can control their bodies

People nutty enough to believe one stupidity do tend to end up believing many.

Understanding this is the only logical explanation for The Guardian of course.

So this is interesting

I wonder:

Failure of GB News is a warning to the right
An alternative to the BBC is welcome but the channel has turned into a humourless echo chamber for Ukip supporters

Does this mean I could get a show?

Apart from that face made for radio thing?

Hmm, maybe?

GB News is looking to hire more of Nigel Farage’s former Brexit party stablemates as channel bosses look set to rebuild the station as a full-throated culture war outlet after the departure of Andrew Neil.

Could be, but I doubt it

One for the file on today’s journalists having no bottom, no wider knowledge:

Evergrande, founded in 1966 by billionaire Xu Jiayin,

Yes, OK, so it’s a typo. But who would see a date in the middle of the Cultural Revolution and decide that’s a likely time for a private sector property developer to be founded? Yes, I know, I know, typos and all that, but seriously, should be a glaring klaxon going off over that one.

That it’s all going tits up is obviously true, as said elsewhere.