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
As new Tesco boss Dave Lewis is rushed in, Jim Armitage takes a look at the best (and worst) kitchen sinkers in the FTSE
News
RAF photos of a Soviet spy trawler in 1968: there are now concerns that national hostilities have moved into the digital age
Fears are mounting that Vladimir Putin has instructed hackers to target banks like JP Morgan, Oscar Williams-Grut
News
News
With such persuasive Establishment friends, little wonder Evraz is not overly concerned Westminster will turn against it, writes Jim Armitage
News
Problems at RBS suggest that lack of focus persisted during Stephen Hester’s tenure
As a £14.5m fine for poor mortgage advice highlights organisational issues at the bank, James Moore wonders what other revelations may emerge
News
As Warren Buffett is criticised for helping the fast food chain move to Canada, it’s clear the issue of good corporate governance in the US is not going away
Life and Style
In the game: EA's 'Fifa 14' is very popular with online scouts
News
The MBA has a vital role to play in changing the face of company boardrooms
Getting a chief executive to leave with as little fuss as possible has long been a dilemma for corporate boardrooms, now data-centre operator Telecity has come up with an alternative
News
Ian McCafferty, left, and Martin Weale, second left, are the ‘irrelevant minority’ of the Bank of England’s Monetary Policy Committee
Martin Weale voted for rate rises in 2011, but his predictions of rising inflation did not materialise, writes David Blanchflower
News
If so, you are worryingly accurate, as the most important economic measure can only be guessed at, Ben Chu reports
News
Supermarkets have cut prices so hard that we’re actually spending less. But what’s good for shoppers will be bad for shareholders, writes Simon Neville
Student
A report from the Association of Graduate Recruiters predicts a 17% rise in graduate job vacancies this year
Many of the students who graduated this summer are having great difficulty finding work and, as Amy Denman explains, it’s often down to not having the necessary work experience
News
David Cameron is planning to revive the Communications Data Bill
His comments risk stoking the potent fear that immigrants are coming here and taking our jobs, says Ben Chu
News
News
Howls of outrage would normally ensue, but the housebuilders have gotten away with it, says Russell Lynch
News
Janet Yellen, chair of the Federal Reserve Board
The Federal Reserve has become a rogue hedge fund, taking massive, wildly speculative positions
News
The Ummah Welfare Trust called on its supporters to boycott HSBC
Customer with Iranian links are being ditched by HSBC and others. They deny discrimination, but have hefty fines led to some banks being far too cautions? By Maria Tadeo
News
'Political Ravishment - Or the Old Lady of Threadneedle Street in Danger!' from 1797 by James Gillray
Like Caesar’s wife, the Old Lady of Threadneedle Street is supposed to be above suspicion. But some members of Parliament have suspicious minds, writes Ben Chu
News
Detroit’s once glorious and now decrepit Michigan Theater now operates as a car park
They forgot the motor city in the years of American urban renewal, but now JP Morgan is writing a $100m cheque to kickstart Detroit. Some doubt the bank’s motives
News
Gerard Lopez took the wheel at the Lotus team five years ago with his business partner Eric Lux
He has investments ranging from real estate to Charlie Chaplin. But right now Gerard Lopez has Lotus on his mind
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Wife of President Robert Mugabe appears to have her sights set on succeeding her husband
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She's done pretty well, for a boffin without a beard

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Get well soon, Joan Rivers - an inspiration, whether she likes it or not

Get well soon, Joan Rivers

She is awful. But she's also wonderful, not in spite of but because of the fact she's forever saying appalling things, argues Ellen E Jones
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A fresh take on an old foe

Doctor Who Into the Dalek more than compensated for last week's nonsensical offering
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Fashion walks away from the celebrity runway show

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Europe's biggest steampunk convention

Jake Wallis Simons discovers how Victorian ray guns and the martial art of biscuit dunking are precisely what the 21st century needs
Don't swallow the tripe – a user's guide to weasel words

Don't swallow the tripe – a user's guide to weasel words

Lying is dangerous and unnecessary. A new book explains the strategies needed to avoid it. John Rentoul on the art of 'uncommunication'
Daddy, who was Richard Attenborough? Was the beloved thespian the last of the cross-generation stars?

Daddy, who was Richard Attenborough?

The atomisation of culture means that few of those we regard as stars are universally loved any more, says DJ Taylor
She's dark, sarcastic, and bashes life in Nowheresville ... so how did Kacey Musgraves become country music's hottest new star?

Kacey Musgraves: Nashville's hottest new star

The singer has two Grammys for her first album under her belt and her celebrity fans include Willie Nelson, Ryan Adams and Katy Perry
American soldier-poet Brian Turner reveals the enduring turmoil that inspired his memoir

Soldier-poet Brian Turner on his new memoir

James Kidd meets the prize-winning writer, whose new memoir takes him back to the bloody battles he fought in Iraq
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Villa were not surprised that Vlaar was a World Cup star

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Bill Granger's simple Italian salads

Our chef presents his own version of Italian dishes, taking in the flavours and produce that inspired him while he was in the country
The Last Word: Tumbleweed through deserted stands and suites at Wembley

The Last Word: Tumbleweed through deserted stands and suites at Wembley

If supporters begin to close bank accounts, switch broadband suppliers or shun satellite sales, their voices will be heard. It’s time for revolution