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.
Google has added a new section to its Google News service that aims to highlight "in-depth pieces of lasting value" culled from its regular aggregate sources of journalism. The service is called Spotlight, and it uses one of Google's infamous computer algorithms to automatically select items of "investigative journalism, opinion pieces, special-interest articles, and other stories of enduring appeal", according to the search giant.
