Stephen Smith

Stephen Smith is a former correspondent for Newsnight and Channel 4 News.

Diary: At the Dingle Derby

Stephen Smith, 19 September 1996

The man from Cork thumbed through my race-card. Borrowing my ballpoint, he put a cross beside Kinard Diamond in the 4.30 and gave me a meaning look. We were standing at a lonely stretch of railing: myself, a girlfriend, the man from Cork and an old boy who said he used to be a priest. ‘I was in fifteen years,’ said the priest. ‘It was the women, I missed the women.’

Diary: On Alpha 66

Stephen Smith, 25 January 1996

The grenade went off as we were breasting the pampas. There was a bonfire of smoke, threatening to obscure the humid prairie of the Everglades laid out beneath us, and an incongruous whiff, like the smell of the stuff you dip mosquito nets in. We had successfully taken the high ground, or so we thought, and seized command of the field of sweet potatoes which stretched almost to the horizon. The Vietnam vet at my elbow reacted exactly as you would have expected a man of his experience to, and shimmered into the undergrowth. On the face of it, the grenade was a pretty substantial reverse for him. He had just been explaining how we were essentially bossing the entire situation. Now we were cut off from each other by a piece of ordnance which, you couldn’t help noticing, had dropped right down our throats. On the other hand, as I heard him mutter, it was only a smoke grenade. And, when all was said and done, he had let the thing off himself.

Diary: What’s become of Barings?

Stephen Smith, 23 March 1995

Boarding the plane for South-East Asia, I felt like Chicken Little, waiting for the sky to fall. The markets were re-opening after the weekend when the world first heard the name of Nicholas Leeson, the man who broke the bank in Singapore. It’s hard to remember how that dawn felt – now that we have reassured ourselves at the building society, peeped with relief beneath the mattress, patted the nest-egg – but the mood then was that the bottom had fallen out of money. It was feared that even the mighty yen was in turnaround, so heaven help the poor old pound. Sydney had been up for a couple of hours, and one trader on the cobber bourse was reported as saying that ‘sterling just walked off a cliff.’ In the dealing rooms, they call this kind of talk ‘sentiment’. It seemed as though the safest place to be was high above the tumbling sky, above the collateral damage – after the fashion of American Presidents, who were to take the atomic valise onto Airforce One as hand luggage in the event of Armageddon.’

Diary: Make sure you sound British

Stephen Smith, 22 December 1994

Why do people take the ferry to France to buy cheap drink? Obviously, it’s to save money – though not even the Yuletide change that the day-trippers trousered the day I accompanied them explained the glow in their cheeks, or the roistering of our homeward journey across the English main. Less obviously, but only just, the booze-cruises are also about over-indulgence, greed, and in some cases outright criminality. As much as 40 per cent of the beer driven into Britain in returning mini-vans is sold on illegally, according to a study by the admittedly parti pris brewers Whitbread.’

In a library on Paseo de Marti in Havana – a single strip light, a stopped clock, a thrashed fan – I ask if they have anything by G. Cabrera Infante. The Cuban novelist was expelled from his country’s writers’ union in 1968, by which time he had already spent three years in exile. He has vehemently rehearsed exactly how underground his books are in his native land in a new collection of vindicatory essays, Mea Cuba, which I have boldly taken into Havana as hand luggage.’

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