Swiss not immune to food crises

The horsemeat scandal has shone a bright light into a hitherto murky area of food supply – how meat actually gets from the abattoir to our plate. The complicated and convoluted logistics process behind the processed foods industry mean no one can be too sure where the meat in their pies, burgers and ready meals originated. Nor now that it is actually what it purports to be. Beef? Lamb? Horse? Who knows!

Up to now, Swiss retailers were confident they were immune. But is this confidence misplaced? There are warning signs. The Coop, Switzerland’s second-biggest supermarket group, has found traces of horse in some of its lasagna, produced by the French company Comigel – which also provided beef lasagna to Findus UK. Continue reading

Compulsion sometimes the best medicine

Politicians in Britain believe taking radical steps to deal with the pension shortfall would be electoral suicide. The idea people should take personal responsibility for their retirement income even seems unreasonable to some. But is it? It’s been done elsewhere. 

Another day and another survey claiming people don’t want to retire at 60 or 65 because they ‘don’t feel ready to stop working yet’ or have a ‘fresh attitude towards retirement’.

This kind of research is inherently suspect. Continue reading

Housing data and the illusion of recovery

That great barometer of UK consumer confidence, house prices, seems to be moving up. A glance at some of the British tabloids today shows that the combination of a very slight rise in house prices and a fourth consecutive monthly rise  in the number of people managing to buy their own home is front page news.

Why so?

Housing data has long been seen as a bellwether for economic confidence. Continue reading

Turbulent times in the airline industry

Passengers won’t be the only ones checking on the location of emergency exits if the current stream of bad news in the airline industry continues. Shareholders could start to look for them too – because the outlook is distinctly bumpy.

Plans by Ryanair to take over smaller Irish rival Aer Lingus have been grounded by Europe’s competition authorities. It may appeal the judgment but rival Flybe, which stood to gain some of Aer Lingus’ slots at Gatwick, will still press ahead with job losses, cutting around 10% of its UK workforce as it fights to get back into the black. Continue reading

Sports books – what are we paying for?

Having recently reviewed the autobiography of three-time Olympic slalom champion Tony Estanguet, I spent a few days trawling the sports biography section of my local book shop. I was struck by the number of books by people whose literary skills I have good reason to question. So what do we think we’re getting when we buy a sportsperson’s autobiography?

I’ve seen the speculation that people who bought Lance Armstrong’s books may try to sue him on the basis that they were mostly a pack of lies. The BBC is reporting that some US readers are trying to launch a class action lawsuit against the disgraced cyclist. Continue reading