News

Outlook The Old Lady of Threadneedle Street likes drama to be reserved firmly for the stage. So yesterday's announcement from her Financial Policy Committee on "potential amplification channels" of financial risks was characteristically short on hyperbole.

Can Frieze reheat the art market?

Not so long ago the business of buying and selling art took place in a whirl of private jets, parties and Prada, but could this be the year the bubble bursts? As Britain's biggest fair opens, Alice Jones searches for signs of boom and bust – and picks the 10 hottest artists to look out for

James Lawton: Echoes of dark days at Portsmouth that once tried patience of a Saint

If you have been especially sceptical this week about quite how far football has travelled to its age of super riches you might well be connected, professionally or emotionally, to Portsmouth Football Club.

Observations: A big 'Money' move for Shunt

It has one of the finest – and most atmospheric – venues in London, burrowed at the end of a deep, dark tunnel in the eerie vaults under London Bridge station. Now the experimental-theatre collective Shunt is moving up in the world with its first new show since 2006's Rear Window-inspired Amato Saltone, and an exciting new space. It has acquired a tobacco warehouse (once owned by Fidel Castro, apparently) on nearby Bermondsey High Street, inside which David Rosenberg and his team have constructed a "massive three-storey Victorian machine structure" for their new work, Money.

John Lichfield: Sarkozy's happiness index is worth taking seriously

Out of France: GDP tables don't tell the whole story – we need to measure our 'joie de vivre'

Buyers spare the whip at Keeneland

Recession bites in the bloodstock market as prices of yearlings tumble

Leading article: The screaming need for regulatory reform

The unreconstructed global banking sector still poses a real threat

From the boardroom to the boards – ex-Lehman bankers turn to the stage

Theatre company set up by victims of corporate collapse turns a profit

Last Chance to See, BBC2<br/>The Last Days of Lehman Brothers, BBC2<br/>Harper's Island, BBC3

Wit and repartee as Fry and friend seek the endangered manatee, while dull confusion reigns at soon-to-be-extinct Lehman Brothers

Credit Crunch TV - A mirror held up to the credit crunch

A BBC drama about the downfall of Lehman Brothers hopes to educate us to avoid a repeat of our mistakes. But can it tell us anything we don't already know? James Rampton reports

Attempt to speed up Lehman case blocked

Clients of Lehman Brothers in Europe may have to wait longer to get their assets back after a judge blocked a process to speed up the unwinding of the bankruptcy.

Steve Richards: Neither of these two will lead Labour

In their different ways, Mandelson and Harman have experienced all the oscillations of politics

Lehman sells off trinkets on eBay

Roll up, roll up, to assemble your Wall Street Survival Kit, using only the finest memorabilia from the credit crunch's biggest casualty. Spot storms on the horizon with a $20 pair of Lehman Brothers binoculars. Shelter from the storm under a vented umbrella, emblazoned with the Lehman logo and promising to withstand 80mph winds. Finally, clutch, sobbing, a $15 Lehman Brothers teddy bear as the storm washes you away.

Paulson reveals US concerns of breakdown in law and order

The Bush administration and Congress discussed the possibility of a breakdown in law and order and the logistics of feeding US citizens if commerce and banking collapsed as a result of last autumn's financial panic, it was disclosed yesterday.

Why would a banker sell his $14m house to his wife for $100?

Former Lehman boss accused of trying to hide assets from creditors
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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
Save the tiger: The animals bred for bones on China’s tiger farms

The animals bred for bones on China’s tiger farms

The big cats kept in captivity to perform for paying audiences and then, when dead, their bodies used to fortify wine
A former custard factory, a Midlands bog and a Leeds cemetery all included in top 50 hidden spots in the UK

A former custard factory, a Midlands bog and a Leeds cemetery

Introducing the top 50 hidden spots in Britain
Ebola epidemic: Plagued by fear

Ebola epidemic: Plagued by fear

How a disease that has claimed fewer than 2,000 victims in its history has earned a place in the darkest corner of the public's imagination
Chris Pratt: From 'Parks and Recreation' to 'Guardians of the Galaxy'

From 'Parks and Recreation' to 'Guardians of the Galaxy'

He was homeless in Hawaii when he got his big break. Now the comic actor Chris Pratt is Hollywood's new favourite action star
How live cinema screenings can boost arts audiences

How live cinema screenings can boost arts audiences

Broadcasting plays and exhibitions to cinemas is a sure-fire box office smash
Shipping container hotels: Pop-up hotels filling a niche

Pop-up hotels filling a niche

Spending the night in a shipping container doesn't sound appealing, but these mobile crash pads are popping up at the summer's biggest events
Native American headdresses are not fashion accessories

Feather dust-up

A Canadian festival has banned Native American headwear. Haven't we been here before?
Boris Johnson's war on diesel

Boris Johnson's war on diesel

11m cars here run on diesel. It's seen as a greener alternative to unleaded petrol. So why is London's mayor on a crusade against the black pump?
5 best waterproof cameras

Splash and flash: 5 best waterproof cameras

Don't let water stop you taking snaps with one of these machines that will take you from the sand to meters deep
Louis van Gaal interview: Manchester United manager discusses tactics and rebuilding after the David Moyes era

Louis van Gaal interview

Manchester United manager discusses tactics and rebuilding after the David Moyes era
Will Gore: The goodwill shown by fans towards Alastair Cook will evaporate rapidly if India win the series

Will Gore: Outside Edge

The goodwill shown by fans towards Alastair Cook will evaporate rapidly if India win the series
The children were playing in the street with toy guns. The air strikes were tragically real

The air strikes were tragically real

The children were playing in the street with toy guns
Boozy, ignorant, intolerant, but very polite – The British, as others see us

Britain as others see us

Boozy, ignorant, intolerant, but very polite
How did our legends really begin?

How did our legends really begin?

Applying the theory of evolution to the world's many mythologies
Watch out: Lambrusco is back on the menu

Lambrusco is back on the menu

Naff Seventies corner-shop staple is this year's Aperol Spritz