Mistakes Are Nothing To Be Ashamed Of.

The New Industries Are Brainy Industries And So-called Knowledge Workers Tend To Like To Be Near Other People Who Are The Same. Think Of The City Of Hollywood. People Cluster. This Means You Have Winning Regions, Such As London And Cambridge, And Losing Regions. The People Who Want To Be Top Lawyers In Sunderland Are Hoovered Up By London.

My Instinct Is To Assume That We Consumers Are An Inconsistent Bunch. We Like Competition If It Delivers Low Prices, But Grumble If It Delivers The Bad News That Prices Need To Go Up.

But Sometimes It's Good To Dare Yourself To Do The Unthinkable. And Rather Than Stand In Front Of An Audience With No Clothes On, I Decided To Have A Go At Stand-up Comedy.

It Is No Wonder That Bank Capital Is Regulated. When Borrowing And Lending Is Profitable, It Is Tempting For Banks To Scale Up Their Operations And To Borrow And Lend Too Much In Relation To Their Capital, In Effect Reducing The Effectiveness Of The Potential Capital Cushion.

One Of The Key Problems Is That The Germans Know What They Do Because Everywhere They Go There's A 'made In Germany' Label On It - They Can Feel Proud Of Volkswagens And Audis And Mercedes.