News Thomas Perkins, who is thought to be worth around $8bn, made the startling comparison in a letter to The Wall Street Journal

Billionaire venture capitalist admits Kristallnacht was a "terrible word" to use but defends war on the rich remarks

Choi: 'Kim Jong-un will open up North Korea for business'

A lieutenant of the late Kim Jong-il who defected to South Korea after years of senior positions in the regime has said Kim's son will open up the isolated state to become more of a market-style export economy.

Light fantastic: Manhattan's Park Avenue

Last Weekend: New York's swagger can't be beaten

It sounds an extravagant solution to the pre-Christmas blues, but if you want to escape the relentless gloom on this side of the Atlantic try a weekend in New York.

Stephen Foley: If we don't mend our broken telephones, then a lot more kittens will be crushed

US Outlook: In the UK it's called Chinese Whispers.

Minae Kim, A Structure to Maintain the Correct Distance between Two Pillars, 2010

Bloomberg New Contemporaries, ICA, London

There may be a future Turner prize recipient in this indifferent show for up-and-coming artists – but it would be the devil's own job to pick them

Fifa advisors criticise anti-corruption committee

FIFA's anti-corruption drive ran into stormy waters today when the world governing body's advisors Transparency International rejected a seat on the commission steering the reforms.

$1bn US fraud trial focuses on Mayor Bloomberg

New York's billionaire mayor Michael Bloomberg had to endure two hours of attacks on his honesty yesterday, on subjects ranging from his bid to overturn term limits to his handling of the resignation of a deputy mayor, as he appeared in the witness box at the trial of a man accused of embezzling more than $1m from him.

Business Diary: O'Neill celebrates Bric anniversary

Ker-ching. Is that the sound of cashing in we hear? Not that Jim O'Neill, the Goldman Sachs economist, is in need of the money, but presumably Penguin is chucking him a few quid for a new book on the Bric economies. It's a decade since O'Neill came up with the Bric idea – the acronym stands for Brazil, Russia, India and China – and his prediction that they were about to become the world's economic powerhouses looks ever more prescient by the day. Penguin's Joel Rickett crows: "Jim O'Neill is one of the world's most influential economic thinkers – no wonder he has been described as Goldman Sachs'rock star."

US counts the cost of hurricane's brutal trail of destruction

The death toll is 13 and the cost will run into tens of billions of dollars, but the storm was not as severe as many had feared

Mayor Bloomberg urges New Yorkers to evacuate

New York City's mayor has told residents who need to evacuate ahead of the anticipated arrival of Hurricane Irene that they should do so immediately.

Alec Baldwin hints at run for New York mayor

Alec Baldwin, the actor who these days is most associated with the comedy show 30 Rock, is speaking openly about seeking the keys to a new address – Gracie Mansion, the mayoral residence in New York City.

Geithner may quit Treasury this year for sake of family

Timothy Geithner, the US Treasury Secretary, may leave office later this year, it was reported yesterday.

Soros predicts weaker nations will leave euro

George Soros, the man who made more than $1bn by betting against sterling on Black Wednesday in 1992, predicted yesterday that weaker nations would have to leave the euro.

Liverpool yet to make decision over new stadium

Liverpool have generated some interest in selling naming rights for a proposed new stadium but a senior official insists a final decision on whether to move or redevelop Anfield has yet to be taken.

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Rihanna celebrates Germany's win
World Cup 2014
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Luiz Felipe Scoalri holds his hands on his head after watching Brazil succumb to a 3-0 defeat to the Netherlands
Globo Esporte claims Brazil's football confederation (CBF) not renew Scolari's contract
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Rio Ferdinand, Alan Shearer, Alan Hansen and Gary Lineker during Hansen's final broadcast
Arts and Entertainment
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Women have been desperate to possess dimples like Cheryl Cole's
people Cole has secretly married French boyfriend Jean-Bernard Fernandez-Versini after just three months.
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AKB48 perform during one of their daily concerts at Tokyo’s Akihabara theatre
musicJapan's AKB48 are one of the world’s most-successful pop acts
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Ian Thorpe has thanked his supporters after the athlete said in an interview that he is gay
people
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The headstone of jazz great Miles Davis at Woodlawn Cemetery in New York
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filmComedy holds its place at top of the UK box office
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Super Mario crushes the Messi dream as Germany win the 2014 World Cup in Brazil

Super Mario crushes the Messi dream

Germany win the 2014 World Cup in Brazil
Saharan remains may be evidence of the first race war, 13,000 years ago

The first race war, 13,000 years ago?

Saharan remains may be evidence of oldest large-scale armed conflict
Scientists find early warning system for Alzheimer’s

Scientists find early warning system for Alzheimer’s

Researchers hope eye tests can spot ‘biomarkers’ of the disease
Sex, controversy and schoolgirl schtick

Meet Japan's AKB48

Pop, sex and schoolgirl schtick make for controversial success
In pictures: Breathtaking results of this weekend's 'supermoon'

Weekend's 'supermoon' in pictures

The moon appeared bigger and brighter at the weekend
Iraq crisis: How Saudi Arabia helped Isis take over the north of the country

How Saudi Arabia helped Isis take over northern Iraq

A speech by an ex-MI6 boss hints at a plan going back over a decade. In some areas, being Shia is akin to being a Jew in Nazi Germany, says Patrick Cockburn
The evolution of Andy Serkis: First Gollum, then King Kong - now the actor is swinging through the trees in Dawn of the Planet of the Apes

The evolution of Andy Serkis

First Gollum, then King Kong - now the actor is swinging through the trees in Dawn of the Planet of the Apes
You thought 'Benefits Street' was controversial: Follow-up documentary 'Immigrant Street' has got locals worried

You thought 'Benefits Street' was controversial...

Follow-up documentary 'Immigrant Street' has got locals worried
Refugee children from Central America let down by Washington's high ideals

Refugee children let down by Washington's high ideals

Democrats and Republicans refuse to set aside their differences to cope with the influx of desperate Central Americas, says Rupert Cornwell
Children's books are too white, says Laureate

Children's books are too white, says Laureate

Malorie Blackman appeals for a better ethnic mix of authors and characters and the illustrator Quentin Blake comes to the rescue
Blackest is the new black: Scientists have developed a material so dark that you can't see it...

Blackest is the new black

Scientists have developed a material so dark that you can't see it...
Matthew Barzun: America's diplomatic dude

Matthew Barzun: America's diplomatic dude

The US Ambassador to London holds 'jeans and beer' gigs at his official residence – it's all part of the job, he tells Chris Green
Meet the Quantified Selfers: From heart rates to happiness, there is little this fast-growing, self-tracking community won't monitor

Meet the 'Quantified Selfers'

From heart rates to happiness, there is little this fast-growing, self-tracking community won't monitor
Madani Younis: Five-star reviews are just the opening act for British theatre's first non-white artistic director

Five-star reviews are just the opening act for British theatre's first non-white artistic director

Madani Younis wants the neighbourhood to follow his work as closely as his audiences do
Mrs Brown and her boys: are they having a laugh?

Mrs Brown and her boys: are they having a laugh?

When it comes to national stereotyping, the Irish – among others – know it can pay to play up to outsiders' expectations, says DJ Taylor