Jeremy Warner: There goes another Murdoch lieutenant

Outlook Peter Chernin's resignation as chief operating officer at News Corp will come as no surprise to followers of Rupert Murdoch's far-flung media empire. Mr Chernin is only the latest in a long line of executives to realise that unless your last name is Murdoch, you are never going to get to be top dog.

Jeremy Warner: Ninety per cent mortgages courtesy of the taxpayer

Outlook: The debt overhang of the boom has to be removed before a proper recovery can begin

Jeremy Warner: In half-hearted defence of hedgies

Outlook: Hedgies are speculators – no more, no less – and a lot of them aren’t even particularly clever

Jeremy Warner: We don’t need this many car-makers. Get used to it

Outlook If there was no future for Saab under General Motors’ ownership, there certainly won’t be as an independent entity. It’s still possible that a reluctant Swedish government might be persuaded to add the company to Sweden’s growing list of publicly owned enterprises, but absent of nationalisation, it is hard to see how else Saab can stagger on, even as a much-reduced, restructured organisation. Saab owners swear by them, but the company that makes these distinctively styled marques has always been sub-scale and struggled to make a profit even in the good times.

Jeremy Warner: Commercial property takes a terrible bath

Outlook A couple of years ago, when it looked as if we were app-roaching the top of the cycle, I asked a number of property companies how they expected to cope in a downturn. Remember, many commercial property developers had been completely wiped out in the recession of the early 1990s.

Jeremy Warner: Watch out for bond yields as public debt spirals out of control

Outlook So maybe bumper City bonuses weren't such a bad idea after all. City bonuses, together with the soaraway profits that their sponsoring organisations once used to make, have been helping sustain the public finances for years. Now they are largely gone, and the public finances are looking sicker than at any time since the immediate aftermath of the Second World War.

Jeremy Warner: Crisis envelops eastern Europe

Outlook Eastern Europe is the latest shoe to drop in the credit crisis. It's been bubbling up for ages, but exploded fully into the open this week when Moody's warned that it might downgrade the credit ratings of Western banks active in eastern Europe and the former Soviet bloc. Austrian banks are particularly heavily exposed.

Jeremy Warner: Thanks Dave. That’s just what investors needed

Outlook To believe the way they are reported in published company accounts, there is no problem with pension fund deficits right now. Some of them are obviously whoppers, but across the piste, defined benefit pension schemes look to be marginally in surplus. Unfortunately, this is just a trick of the accounting light.

Jeremy Warner: Bank resorts to extreme solutions. Possibly lethal too

Outlook Quantitative easing (QE) here we come. QE is the fancy term for increasing the money supply, or turning on the presses and printing money. Nothing exactly like it has been tried before on these shores, but something similar has, and on virtually all occasions it has proved disastrous.

Jeremy Warner: L&G attempts to reassure on bonds

Outlook Tim Breedon, chief executive of Legal & General, hopes to put the lid on negative talk of rights issues and dividend cuts with yesterday’s statement on the group’s capital position. Has he succeeded? Precedent from the banking sector, where attempts to reassure have repeatedly been overtaken by events, would suggest not. With the mood in markets deeply bearish, analysts and investors seem unwilling to listen to the positive.

Jeremy Warner: In attacking deflation are we not just stoking inflation?

Outlook To believe the noise, we are already in a 1930s-style deflation. Yet inflation figures announced yesterday show that we are not there quite yet. To the contrary, consumer price inflation (CPI) was still a way above target 3 per cent last month, while even the retail prices index (RPI), which takes account of plummeting mortgage and housing costs, is still above zero, albeit only marginally.

Jeremy Warner: Japanese horror show reveals depths of the global slump

Outlook: The data just keeps on getting worse and worse. The 3.3 per cent reduction in GDP reported yesterday by Japan for the final quarter of last year is by far the largest economic contraction for any of the big developed nations announced so far, and dwarfs anything that Japan experienced during its infamous "lost decade" of growth during the 1990s.

Jeremy Warner: Lloyds only has itself to blame for HBOS misery

Outlook: Is the mess Lloyds TSB has got itself into by acquiring HBOS down to the Prime Minister? It suits the Opposition's agenda to argue as such, but it is a long way from the truth. The reality is that both Sir Victor Blank, the Lloyds TSB chairman, and his chief executive, Eric Daniels, were hot to trot.

Jeremy Warner: Rights issue queue just keeps building

Outlook: There are not many things about the credit crunch that hand on heart I can claim to have seen coming, but I did repeatedly warn about the idiocy of share buybacks and leveraged takeovers. These fashions were in fact two halves of the same coin – they were about replacing equity with debt in the mistaken belief this was a more "efficient" use of capital.

Jeremy Warner: Right way forward for Rio, or another Chinese takeaway?

Outlook In attempting to address its short-term financing needs, Rio Tinto seems to be selling its soul. With credit about as scarce as hen's teeth, lots of companies are facing a similar dilemma – sell choice assets for bottom-of-the-market prices, or go down.

News
James Moore, Outlook: It looked doubtful, but the Co-op is giving every impression of having set a course for calmer waters.
News
Audioboom, which now hosts a weekly XFM radio podcast by Russell Brand (right, with the co-host Matt Morgan), started life as a fund offering finance to builders, then tried turning waste products into energy
A small AIM-listed mining company that has sold all its assets is a perfect vehicle for shell investors, as Jamie Nimmo explains
News
Zero-hours contracts do not guarantee a minimum number of hours
James Moore, Outlook:The trouble is, the contracts almost always seem to work best for the employer.
News
James Moore, Outlook: It’s delicious. UBS, a controversial bank that has had a great deal of trouble with managing its money, has hired Annie Leibovitz, a controversial celebrity photographer
Voices
Stock prices in China: Economic power has shifted east, and emerging market equities can bring rewards - and risk
Ben Chu, Economic View: The key here is not to sell with the herd when markets drop sharply but to ride it out.

News
Candidates are facing tougher and weirder questions than ever in job interviews
News
Power and the glory? An artist’s impression of Hinkley Point C, which it is envisaged will start generating in 2026 and account for 7 per cent of British consumption
Environmentalists are far from alone in opposing an 'expensive mistake'
News
Sir Mike Rake
James Moore, Outlook: Pick a flotation candidate – any candidate – and you will find directors and owners having second thoughts.
News
Dave Lewis built a formidable reputation at Unilever, but some were concerned by his lack of retail experience
Alex Lawson looks at the changes Dave Lewis has made
News
Women and men stand in an office
Two economists have come up with a formula to quantify the gender gap
News
An investor reads a newspaper in front of an electronic board showing stock information at a brokerage house in Beijing, China. China's major stock indexes sank more than 6 percent in early trade on Tuesday, after a catastrophic Monday that saw Chinese exchanges suffer their biggest losses since the global financial crisis, destabilising financial markets around the world.
Satyajit Das, Das Capital: The ‘Chinese dream’ risks turning into a nightmare for its investors and its leaders.

News
Paddy Power is well-known for eye-catching promotional stunts, such as this balloon at the Cheltenham Festival
Outlook: It isn’t hard to see Paddy Power and Betfair's investors are excited
News
A view through smog over the 02 Arena and the Canary Wharf financial district in London. The BBC weather centre predicts a potential 8 or 9 out of 10 level of air pollution likely to be found in East Anglia and the East Midlands
James Moore:

“Sell in May go away, buy again on St Leger Day” runs the old City saying. 

News
Stonewall, which marches at London Pride, is working with firms in the professions to promote equality
Jo Bourke investigates 'prevalent' homophobic attitudes in the construction and property sectors
News
Spokespeople for the companies involved, including BHP Billiton, stressed their political neutrality
James Moore, Outlook:

The sort of name recognition enjoyed by the likes of Tesco or Barclays is not something BHP Billiton is ever going to achieve.

News
The Chinese stock market has faced its own 'Black Monday'
James Moore, Outlook:This is what happens when humans are replaced by computers.
News
Everything you need to know about the global stock market meltdown and what it means
News
Rupert Scofield, founder of microfinance institution Finca, shows Matthew Glynn how it has changed lives
News
Laura Wade-Gery, the M&S executive in charge of the company's 870 UK stores and website, is going on maternity leave, the retailer announced today
James Ashton, My Week After her moment on the front pages, Laura Wade-Gery should be left to get on with it
News
Online gambling operator 888.com is a client of XL Media, which specialises in driving internet users to its site
Jim Armitage, Outlook: The takeover battle for the Bwin.party online gambling company has had more twists than an all-night blackjack session.
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