Even now, political leaders are advocating wholly orthodox approaches to managing deficits and currency volatility

Top-scoring universities to bail out rivals

England's best-performing universities will be "taxed" next year, in order to bail out their less successful neighbours, higher education funding chiefs revealed yesterday.

Profit-linked pay `fails to motivate'

Share ownership schemes and profit-related pay operated by the UK's top 100 companies often fail to deliver benefits in terms of greater employee participation and understanding of their firms' aims, according to a new report, writes Nic Cicutti.

Letter: It's there in black and white: the right to act solely in our interest over EMU is long gone

Hamish McRae talks a lot of sense but there is one thing he consistently gets wrong. In "The immoral deficits that tax our future" (Business, 17 November) he writes that a 3 per cent deficit "is not low enough to maintain deficits [I presume he meant debts] as a percentage of GDP, for hardly any European economies can consistently grow at 3 per cent". This is meant to be an argument against the Maastricht criterion.

Obituary: John Hillaby

Pedestrian was the last word to apply to John Hillaby, though he has been called the most celebrated pedestrian in England. Yet like his contemporaries, Clive Wainwright and Wilfred Thesiger, he was admired as much by armchair idlers as by the serious walking fraternity. Whether pacing rapidly through the streets of London or across the high moors of his beloved Yorkshire, his tall, spare figure was instantly recognisable, and even in his seventies he could leave younger men struggling in his wake.

US scientists link abortion to breast cancer

A single abortion can significantly increase the chances of a woman developing breast cancer, according to scientists in the United States, who claim that there has been a deliberate attempt to conceal the risk for more than 40 years.

This idea is a fat lot of good

Franchising: the format that has made Fatty Arbuckles fit for expansion will seek new converts at its national exhibition this week

The language minders

Andrew Baker looks at the Mr Fixit role of the foreign footballer's interpreter

The road to benefits is full of potholes

Graduation means time to face reality - financial demands that may come as a surprise to those unprepared for life outside university. Welcome to the joys of council tax, income tax and national insurance, and kiss goodbye to free prescriptions and dental treatment. In addition, as soon as you start to earn anything worthwhile, student loans will need to be paid back.

Why left sounds right to a babe in arms

Scientists have a new explanation for the age-old question of why mothers instinctively cradle their babies on the left.

New issues generate millionaire boffins

A computer software company with only 25 staff was valued on the stock market at pounds 30m yesterday after its shares rose to a 60 per cent premium on their first day of dealings.

Letter: Overreaction to the Internet

Sir: In his comment on the trial of the murderers of Daniel Handley, David Aaronovitch suggests several steps that could be taken to protect our children (17 May). Among them is: "Clean up the Internet".

The Human Condition: The quitter's guide to fitness

Most people want to get fit. Very few make it. If you want to stay the course, help is at hand. Eleanor Bailey offers a step-by-step plan

Letter: Labour plans

Hamish McRae ("Markets think Labour may revert to type", Business, 5 May) makes some interesting points about Labour and the budget deficit, but his comparision between Labour's plans to keep the national debt at a constant proportion of GDP and the experience of the 1970s (when Labour ran a budget deficit of 6.9 per cent) is too simplistic.

City talk: History suggests that Camellia has a future

Camellia (20p) is something of an oddity, but one that could well repay investors' patience. Unsung, certainly, but there are a core of followers for the tea plantations to fine art company. A big attraction, as one fan puts it, is that it is stuffed to the gunnels with hidden assets. Some of these are quite extraordinary, such as its collection of historical manuscripts, possibly worth millions. Items in the collection, range from Impressionist letters to original papers by Einstein, and love letters between Elizabeth Barrett Browning and Robert Browning. The shares have suffered in the past few days on poor figures from its associate company, Linton Parks. But with its hidden riches, the downside is limited. Although the company sees the manuscript collection as a long-term investment, it could well reward shareholders prepared to take a similar view. That, and the fact that it seems a well-managed business, suggests the shares merit a buy.

City Technology detects windfall

Two academics who bought their technology business from London's City University three years ago, are set for a multi-million-pound windfall when the company comes to the stock market in June.
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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Israel-Gaza conflict: No victory for Israel despite weeks of death and devastation

Robert Fisk: No victory for Israel despite weeks of devastation

Palestinians have won: they are still in Gaza, and Hamas is still there
Mary Beard writes character reference for Twitter troll who called her a 'slut'

Unlikely friends: Mary Beard and the troll who called her a ‘filthy old slut’

The Cambridge University classicist even wrote the student a character reference
America’s new apartheid: Prosperous white districts are choosing to break away from black cities and go it alone

America’s new apartheid

Prosperous white districts are choosing to break away from black cities and go it alone
Amazon is buying Twitch for £600m - but why do people want to watch others playing Xbox?

What is the appeal of Twitch?

Amazon is buying the video-game-themed online streaming site for £600m - but why do people want to watch others playing Xbox?
Tip-tapping typewriters, ripe pongs and slides in the office: Bosses are inventing surprising ways of making us work harder

How bosses are making us work harder

As it is revealed that one newspaper office pumps out the sound of typewriters to increase productivity, Gillian Orr explores the other devices designed to motivate staff
Manufacturers are struggling to keep up with the resurgence in vinyl records

Hard pressed: Resurgence in vinyl records

As the resurgence in vinyl records continues, manufacturers and their outdated machinery are struggling to keep up with the demand
Tony Jordan: 'I turned down the chance to research Charles Dickens for a TV series nine times ... then I found a kindred spirit'

A tale of two writers

Offered the chance to research Charles Dickens for a TV series, Tony Jordan turned it down. Nine times. The man behind EastEnders and Life on Mars didn’t feel right for the job. Finally, he gave in - and found an unexpected kindred spirit
Could a later start to the school day be the most useful educational reform of all?

Should pupils get a lie in?

Doctors want a later start to the school day so that pupils can sleep later. Not because teenagers are lazy, explains Simon Usborne - it's all down to their circadian rhythms
Prepare for Jewish jokes – as Jewish comedians get their own festival

Prepare for Jewish jokes...

... as Jewish comedians get their own festival
SJ Watson: 'I still can't quite believe that Before I Go to Sleep started in my head'

A dream come true for SJ Watson

Watson was working part time in the NHS when his debut novel, Before I Go to Sleep, became a bestseller. Now it's a Hollywood movie, too. Here he recalls the whirlwind journey from children’s ward to A-list film set
10 best cycling bags for commuters

10 best cycling bags for commuters

Gear up for next week’s National Cycle to Work day with one of these practical backpacks and messenger bags
Paul Scholes: Three at the back isn’t working yet but given time I’m hopeful Louis van Gaal can rebuild Manchester United

Paul Scholes column

Three at the back isn’t working yet but given time I’m hopeful Louis van Gaal can rebuild Manchester United
Kate Bush, Hammersmith Apollo music review: A preamble, then a coup de théâtre - and suddenly the long wait felt worth it

Kate Bush shows a voice untroubled by time

A preamble, then a coup de théâtre - and suddenly the long wait felt worth it
Robot sheepdog technology could be used to save people from burning buildings

The science of herding is cracked

Mathematical model would allow robots to be programmed to control crowds and save people from burning buildings
Tyrant: Is the world ready for a Middle Eastern 'Dallas'?

This tyrant doesn’t rule

It’s billed as a Middle Eastern ‘Dallas’, so why does Fox’s new drama have a white British star?