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.
Celebrity gossip site TMZ was first with the news of Michael Jackson's death last week, securing one of the biggest scoops of the year, perhaps even the decade. This article in today's G2 takes a closer look at the website, which is run by Henry Levin, including its practice of paying people for stories - something that the mainstream media in the US has balked at.
