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.
Dave Grohl has to be one of the busiest men in music. Some will know him as the drummer of Nirvana, those grunge guys from the nineties who I think were a tad overrated. Most will know him as the all out and very funny front man and principle songwriter of the Foo Fighters. He has also worked with groups such as Queens of the Stone Age, Tenacious D, the Prodigy and Nine Inch Nails.
The Foo Fighters have recently released a greatest hits compilation after announcing a hiatus with the possibility of reinventing the band.
