Gillian Tett looks beyond yesterday's Today item on "jurisdiction shopping" by banks. She warns there is an unintended consequence of the current worldwide desire to bash the bankers. Legislators in key countries are busy unilaterally changing internationally-agreed rules. Unfortunately, Tett says, this makes it more likely that practices illegal in one country but legal in another will be used to cover up looming catastrophes in the capital markets.
As the Guardian is now reporting - and as much of the online world was already well aware this morning - the philandering swine with the powerful lawyers was that fine upstanding gentleman, Mr John Terry. Expect pages of detail in the News of the World this Sunday.
I heard Capello phoned up Wayne Bridge and told him "Terry has lost the captain's armband. Can you do me a favour? Have a look under your bed for me"
When I first heard the story I immediately thought it was John Terry. He's a fantastic footballer, but as a man he leaves a lot to be desired.
What is it with the Chelsea team? Bunch of cheaters...