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For Every Winner a Loser

John Lanchester: What is finance for?, 12 September 2024

The Fund: Ray Dalio, Bridgewater Associates and the Unravelling of a Wall Street Legend 
by Rob Copeland.
Macmillan, 352 pp., £22, August, 978 1 5290 7560 1
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The Trading Game: A Confession 
by Gary Stevenson.
Allen Lane, 432 pp., £25, March, 978 0 241 63660 2
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... to the current condition of the financial industry, Other People’s Money, published in 2015, John Kay talks about the state of the UK banking sector, whose assets then were about £7 trillion, four times the aggregate income of everyone in the country. But the assets of British banks ‘mostly consist of claims on other banks. Their liabilities are ...

Fetch the Chopping Knife

Charles Nicholl: Murder on Bankside, 4 November 2021

... home grown. British true crime tends to be about British killers – Ian Brady (See No Evil), John Christie (Rillington Place), the Wests (Fred and Rose), Dennis Nilsen (Des), Jeremy Bamber (White House Farm), Harold Shipman (Doctor Death) – while American true crime favours American atrocities. I don’t see my preference for the British product as ...

Cobban’s Vindication

Olwen Hufton, 20 August 1981

Origins of the French Revolution 
by William Doyle.
Oxford, 247 pp., £12.50, January 1981, 0 19 873020 9
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... There was no such thing as the standard seigneur. Here and there, as Jean Bastier and Peter Jones have shown, the relationship was open to newly harsh economic exploitation, but this was not the norm. Other seigneurs sought to ‘rationalise’ the seigneurial relationship by rescinding community privileges and this was common in the east and south. In ...

Symbolism, Expressionism, Decadence

Frank Kermode, 24 January 1980

Romantic Roots in Modern Art 
by August Wiedmann.
Gresham, 328 pp., £8.50, July 1980, 0 905418 51 4
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Symbolism 
by Robert Goldwater.
Allen Lane, 286 pp., £12.95, November 1980, 9780713910476
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Decadence and the 1890s 
edited by Ian Fletcher.
Arnold, 216 pp., £9.95, July 1980, 0 7131 6208 2
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... of what they called ‘Uranian’ love, lacking the word ‘homoerotism’, invented by Ernest Jones in 1916. In more ways than one, women were allocated a special, rather numinous, perhaps terrible place in the Decadent scheme. As Johnson remarked, these people wanted thought to think upon itself, and such subtlety might well invade their life-styles: a ...

The [ ] walked down the street

Michael Silverstein: Saussure, 8 November 2012

Saussure 
by John Joseph.
Oxford, 780 pp., £30, March 2012, 978 0 19 969565 2
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... distinct as literary criticism, architecture, social anthropology and psychoanalysis. Yet, as John Joseph’s biography shows, Saussure struggled for his entire career to systematise as general theory what he had implicitly understood and put to stunningly successful use at the age of 19: that human language is the prime abstract ‘semiological’ (we ...

Short Cuts

Frederick Wilmot-Smith: RBG’s Big Mistake, 8 October 2020

... sexual assault. The political centre of the court now shifted from Kennedy to the chief justice, John Roberts. Appointed by George W. Bush in 2005, Roberts was at one time a reliable Republican. He has been a bit less predictable of late, principally because, as chief justice, he is trying to ensure that the court retains a veneer of respectability. Roberts ...

Ever so comfy

James Wood, 24 March 1994

Collected Poems 1953-1993 
by John Updike.
Hamish Hamilton, 387 pp., £20, October 1993, 0 241 00167 6
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Dante’s Drum-Kit 
by Douglas Dunn.
Faber, 145 pp., £6.99, November 1993, 0 571 17055 2
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Old Men and Comets 
by D.J. Enright.
Oxford, 64 pp., £6.99, November 1994, 0 19 283176 3
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Plato’s Ladder 
by Stephen Romer.
Oxford, 79 pp., £6.99, November 1992, 0 19 282986 6
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The Country at My Shoulder 
by Moniza Alvi.
Oxford, 56 pp., £6.99, September 1993, 0 19 283125 9
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British Subjects 
by Fred D’Aguiar.
Bloodaxe, 64 pp., £5.95, July 1993, 1 85224 248 5
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Night Photograph 
by Lavinia Greenlaw.
Faber, 54 pp., £5.99, October 1993, 0 571 16894 9
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Nil Nil 
by Don Paterson.
Faber, 53 pp., £5.99, April 1993, 0 571 16808 6
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Out of Danger 
by James Fenton.
Penguin, 103 pp., £7.50, December 1993, 0 14 058719 5
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... Every handful of John Updike’s silver has its square coin, its bad penny, its fake. This exquisitely careful writer tends to relax into flamboyance: it is the verbal equivalent of ostentatious tipping. Floating in his air of serene bestowal, the generous author throws his words at anyone who will have them. Keen watchers of such moments will enjoy the introduction to his Collected Poems: ‘In hotel rooms and airplanes, on beaches and Sundays, at junctures of personal happiness or its opposite, poetry has comforted me with its hope of permanence, its packaging of flux ...

White Lies

James Campbell: Nella Larsen, 5 October 2006

In Search of Nella Larsen: A Biography of the Colour Line 
by George Hutchinson.
Harvard, 611 pp., £25.95, June 2006, 0 674 02180 0
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... part-Spanish friend is often ‘black’ if there is a hint of Africa in his or her make-up. John Bellew, the husband of Clare Kendry in Nella Larsen’s exquisite novel Passing (1929), responds violently when he finds out that Clare, who has cheeks of ‘ivory’ and hair the colour of ‘pale gold’, is ‘black’. All those years, ...

Fraudpocalypse

John Lanchester, 4 August 2022

Money Men: A Hot Startup, a Billion-Dollar Fraud, a Fight for the Truth 
by Dan McCrum.
Bantam, 326 pp., £20, June 2022, 978 1 78763 504 3
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... capitalism is bad, but complacent capitalism can give us a good run for its stolen money.Listen to John Lanchester discuss this piece with Thomas Jones on the LRB ...

An Address in Mayfair

Donald MacKenzie: How to Start a Hedge Fund, 4 December 2008

... magazine Alpha publishes estimates of top individual earnings. The 2007 list was headed by John Paulson of Paulson & Co., who earned $3.7 billion by betting that the value of securities backed by US sub-prime mortgages would collapse. He was followed by George Soros ($2.9 billion) and James Simons ($2.8 billion). These are figures far beyond even the ...

Blowing over the top of a bottle of San Pellegrino

Adam Mars-Jones: Protest Dance Pop, 15 December 2005

Plat du Jour 
by Matthew Herbert.
Accidental
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... but the sheer coincidence of a Jacobean dramatist and a legendary director sharing the name John Ford. So perhaps it takes a formalist to know one. But the contemporary formalist whose approach converges most sharply on Herbert’s is the sculptor Cornelia Parker. For a piece called Measuring Liberty with a Dollar (1998), for instance, Parker took a ...

Darkness and so on and on

Adam Mars-Jones: Kate Atkinson, 6 June 2013

Life after Life 
by Kate Atkinson.
Doubleday, 477 pp., £18.99, March 2013, 978 0 385 61867 0
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... isn’t the first fictional character to train for a supernaturally revealed task. The hero of John Irving’s novel A Prayer for Owen Meany, for instance, must master a particular basketball shot in order to fulfil his destiny by saving a group of children. It may be that the literary form best suited to dramatising forks in the road, paths taken and not ...

Shovelling Clouds

Adam Mars-Jones: Fred Vargas, 23 April 2015

Temps glaciaires 
by Fred Vargas.
Flammarion, 490 pp., €19.90, March 2015, 978 2 08 136044 0
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... in the 1920s and 1930s was primitive in its sexual psychology, never more so than in the novels of John Dickson Carr. Carr, a naturalised American, could ventriloquise British understatement almost too well, as his biographical note on the back of vintage green Penguins demonstrates, noting his ‘slight difficulty that during the blitz our house was twice ...

I only want to keep my hand in

Owen Bennett-Jones: Gerry Adams, 16 November 2017

Gerry Adams: An Unauthorised Life 
by Malachi O’Doherty.
Faber, 356 pp., £14.99, September 2017, 978 0 571 31595 6
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... the time of the Rivonia trial by the South African minister of justice and later prime minster John Vorster, who remarked that he would swap all his emergency laws for the clause of the Special Powers Act which allowed the British authorities to arrest and detain without trial, ban meetings, take land and destroy buildings. In Northern Ireland, as in South ...

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