Vanity Projects of the World Unite

Like two drunks staggering home propping each other up, loss-making magazines the New Statesman and New Republic have agreed a transatlantic tie-up. New Republic is owned by Facebook co-founder Chris Hughes, worth an estimated $700 million, so he is only slightly richer than Staggers‘ owner Mike Danson, worth some £300 million. They are certainly appropriate bedfellows, New Republic is haemorrhaging $3 million a year or some $5 a copy, while the New Statesman loses a mere £1.35 a copy. They will each publish three of the other’s articles every week. Apparently it’s a new Special Relationship. Groan.




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Quote of the Day

Dominic Raab wrote in his letter of resignation…

“This is, at its heart, a matter of public trust,” he told the PM, concluding: “I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election… I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom. I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit…”

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