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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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A History of the First World War in 100 Moments: Peace without magnanimity - the summit in a railway siding that ended the fighting

A History of the First World War in 100 Moments

Peace without magnanimity - the summit in a railway siding that ended the fighting
Scottish independence: How the Commonwealth Games could swing the vote

Scottish independence: How the Commonwealth Games could swing the vote

In the final part of our series, Chris Green arrives in Glasgow - a host city struggling to keep the politics out of its celebration of sport
Out in the cold: A writer spends a night on the streets and hears the stories of the homeless

A writer spends a night on the streets

Rough sleepers - the homeless, the destitute and the drunk - exist in every city. Will Nicoll meets those whose luck has run out
Striking new stations, high-speed links and (whisper it) better services - the UK's railways are entering a new golden age

UK's railways are entering a new golden age

New stations are opening across the country and our railways appear to be entering an era not seen in Britain since the early 1950s
Conchita Wurst becomes a 'bride' on the Paris catwalk - and proves there is life after Eurovision

Conchita becomes a 'bride' on Paris catwalk

Alexander Fury salutes the Eurovision Song Contest winner's latest triumph
Pétanque World Championship in Marseilles hit by

Pétanque 'world cup' hit by death threats

This year's most acrimonious sporting event took place in France, not Brazil. How did pétanque get so passionate?
Whelks are healthy, versatile and sustainable - so why did we stop eating them in the UK?

Why did we stop eating whelks?

Whelks were the Victorian equivalent of the donor kebab and our stocks are abundant. So why do we now export them all to the Far East?
10 best women's sunglasses

In the shade: 10 best women's sunglasses

From luxury bespoke eyewear to fun festival sunnies, we round up the shades to be seen in this summer
Germany vs Argentina World Cup 2014: Lionel Messi? Javier Mascherano is key for Argentina...

World Cup final: Messi? Mascherano is key for Argentina...

No 10 is always centre of attention but Barça team-mate is just as crucial to finalists’ hopes
Siobhan-Marie O’Connor: Swimmer knows she needs Glasgow joy on road to Rio

Siobhan-Marie O’Connor: Swimmer needs Glasgow joy on road to Rio

18-year-old says this month’s Commonwealth Games are a key staging post in her career before time slips away
The true Gaza back-story that the Israelis aren’t telling this week

The true Gaza back-story that the Israelis aren’t telling this week

A future Palestine state will have no borders and be an enclave within Israel, surrounded on all sides by Israeli-held territory, says Robert Fisk
A History of the First World War in 100 Moments: The German people demand an end to the fighting

A History of the First World War in 100 Moments

The German people demand an end to the fighting
New play by Oscar Wilde's grandson reveals what the Irish wit said at his trials

New play reveals what Oscar Wilde said at trials

For a century, what Wilde actually said at his trials was a mystery. But the recent discovery of shorthand notes changed that. Now his grandson Merlin Holland has turned them into a play
Can scientists save the world's sea life from

Can scientists save our sea life?

By the end of the century, the only living things left in our oceans could be plankton and jellyfish. Alex Renton meets the scientists who are trying to turn the tide
Richard III, Trafalgar Studios, review: Martin Freeman gives highly intelligent performance

Richard III review

Martin Freeman’s psychotic monarch is big on mockery but wanting in malice