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.
Time Inc's flagship magazine Sports Illustrated is showing off a prototype it has built for the tablet PC. Combining the tactile appeal of the print product with the rich media capabilities of the internet, it's a mouthwatering proposition for genuine convergent journalism. But would the punters pay for it? Sports Illustrated editor Terry McDonnell is bullish. He reckons most focus group members that have seen it have said they would.
