News The more modern town of Salford, where the latest investment of the English Cities Fund is expected to be announced

Could Britain’s chronic housing shortage be solved by using insurers’ assets? Jamie Dunkley and Russell Lynch report

US confidence rises, but housing market remains a problem

The US consumer, whose spending spree has been the engine of global growth in the past decade, expressed more confidence in the future than any forecaster predicted in a key survey out yesterday, as the Dow Jones Industrial Average closed above 13,000 for the first time in nearly four years.

Simon English: The real problem with our banks? Too fast, too competitive

Outlook Do we want more competition in banking? John Fingleton at the Office of Fair Trading thinks so. The banks must do better for customers, or he'll sort them right out (he imagines).

Mental illness group goes into administration

St Luke's Healthcare, which treatsand looks after adults and adolescents with mental health problems and brain injuries, has gone into administration.

Goldman Sachs chief executive handed $7m stock bonus

Goldman Sachs handed its chief executive, Lloyd Blankfein, a bonus of $7m (£4,4m) in shares for his work last year, down from $12.6m in 2010 in line with the investment bank’s slipping profits.

The overlooked art of cashflow management

Successful entrepreneurs usually concentrate their efforts on three key areas: vision, people and cash.

UK cuts exposure to euro laggards by £32bn

Britain's banks slashed $50bn (£32bn) from their exposure to France, Italy and Spain during the summer as financial institutions ran scared from Europe's debt crisis, according to the Bank for International Settlements (BIS).

Feeling mud: Have festivals like Glastonbury lost their allure?

Music festivals: are our field days over?

Interest in The Big Chill has cooled, Glastonbury is too commercial... Summer music festivals need to get creative and reinvent themselves to survive

Salway denies rift at the top as he quits LandSec

The chief executive of the UK's biggest property company, Land Securities, stepped down yesterday denying a rift with chairwoman Alison Carnwath.

'I'd like the record to show that I think you [Alan Greenspan] are pretty terrific too' - Tim Geithner then President of New York Federal Reserve

Crisis? Crash? Minutes of US Fed's 2006 meetings reveal little worry

America's top financial experts continued to heap praise on Bernanke as economy collapsed

Prices in agents' windows are not a true benchmark for the value of your home

Julian Knight: This could be the year Britain abandons the dream of being a nation of property owners

Despite the economic slowdown, the eurozone crisis and surging unemployment, UK house prices rose by 1 per cent during 2011, according to the Nationwide.

City regulator to admit shortcomings in RBS case

The Financial Services Authority will today hold its hands up and admit serious shortcomings in the way it handled the Royal Bank of Scotland and the banking system in the run-up to the multi-billion pound taxpayer-funded bailout of the Edinburgh-based giant.

David Prosser: Time to make non-executives earn their money

It seems only fitting that the Financial Services Authority has chosen this week, when HSBC was fined a record sum for ripping off elderly savers, to resurrect plans to give non-executive directors greater responsibility for looking out for customers at banks and other financial institutions. If executives are failing in that duty, it is the job of non-executives to hold them to account.

Bernanke bites back at critics of economic policies at Fed

Ben Bernanke, the chairman of the US Federal Reserve, is launching a counter-offensive against its growing number of critics, penning a muscular defence of its actions during the 2008 financial panic and readying the publication of new details about how it sets American monetary policy.

More care homes in critical condition

Elderly care warning as MPs say Southern Cross collapse could be repeated by other companies
Arts and Entertainment
TV Review: Sabotage, a meltdown and, of course, plenty of sauce
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newsVideo for No campaign was meant to get women voting
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A photo of Charles Belk being detained by police on Friday 22 August
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i100'Geography can be tough'
Sport
Louis van Gaal looks dejected after Manchester United's 4-0 defeat by MK Dons on Tuesday night
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Actor, model and now record breaker: Jiff the Pomeranian
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Down time: an employee of Google uses the slide to get to the canteen
scienceBosses are inventing surprising ways of making us work harder
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Alexis Sanchez celebrates after scoring his first goal for Arsenal in the Champions League qualifier against Besiktas
sportChilean's first goal for the club secures place in draw for Champions League group stages
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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?