SOCIALISM? WHAT'S THAT?

"Tony Blair has taken a second big job with a leading financial player, attracted by the prospect of working on its climate-change initiative. The former Prime Minister has joined Zurich, the Swiss company, as an adviser. The appointment, thought to be worth at least £500,000 a year, comes less than three weeks after he took a similar role with J P Morgan Chase, one of the biggest investment banks on Wall Street. That was believed to be a package worth about £2 million a year." (Times, 29 January) RD