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

Meanwhile drought hits Argentina food production

As Queensland buckles under heavy rains brought by La Niña, on the other side of the world, in Argentina, the weather pattern is causing the opposite problem.

Missed opportunities to thwart gunman's plans

As Federal investigators in Tucson try to piece together a detailed picture of Jared Loughner, the suspect in last weekend's mass shopping centre shooting, one question keeps coming back: why were no alarm bells sounded with the authorities before last Saturday about his disturbing behaviour?

US reinforcements sent to hold Afghan gains

The United States plans to send 1,400 more Marines to Afghanistan to try to hold on to recent but fragile security gains, just months before a planned US drawdown, The Wall Street Journal reported yesterday.

Sweet smell of success at Center of Olfactory Art's new exhibition

Perfume is big business. And now the recently announced Center of Olfactory Art, part of the New York Museum of Arts and Design, is to celebrate the smell of perfume not as something you splash on ahead of a night out, but rather as an art form in its own right. The centre's first exhibition, The Art of Scent, 1889-2011, will examine some of the world's best-known perfume creators through ten well-known scents.

US downplays Chinese fighter jet images

China is years away from fielding a stealth aircraft, despite the disclosure of images indicating that it appears to have a working prototype, a US Navy official has said.

The Feral Beast: An ill-wind for Times's Foster

Times editor James "weathervane" Harding has had a change of heart – again.

Last Night's TV: Mad Men/BBC4<br />The North on a Plate/BBC4

Who is Don Draper?" That question – with a few supplementaries thrown in – has already sustained three fine series of Mad Men and it was the very first thing you heard in episode one of series four, as if to bring fans back to basics after the recess. The question was asked, in this instance, by a reporter for Advertising Age, prompted to do a small feature on Don and his new agency by a Glo-Coat Floor Wax commercial that has "caused a bit of a squeal". Don, though, was not in any mood to sell himself. "I'm from the Midwest," he replied. "We were taught that it's not polite to talk about ourselves." To give him his due – he has a lot on his mind right now. His new agency is up and running, but the employees of Sterling Cooper Draper Pryce are having to lie about the scale of their operation, referring offhandedly to a "second floor" that doesn't actually exist. There's no guarantee that they'll get enough new accounts to keep the firm going, and some of the accounts they do have are proving tricky. With Thanksgiving looming, Sugarberry Ham has sent just one tin of the product into the office – a slight that Pete reads as a sign of imminent defection to another agency – and Don is struggling with the Jantzen account, a self-styled "family-firm", which is attempting to hold back the advancing tide of bikini miniaturisation.

Business Diary: Philippines' gain proves illusory

Stock market investors in the Philippines thought they had earned a buck or two yesterday, as their benchmark index soared by 14 per cent during the first three hours of trading. Sadly for them, the Philippine Stock Exchange then decided to suspend trading as it published a statement conceding that he gains were erroneously produced by a brand new computer system launched yesterday morning. In fact, share prices had fallen by 0.1 per cent over the three hours in question. Let's hope no one spent their winnings.

Still smoking? Mad Men is back on air in America

Mad Men returned last night with a new season on American TV. Does it still pack a punch? Sarah Hughes tuned in

Take it to the bank: The Pulitzer-nominated Adam Haslett gets intimate with the global banking meltdown

Praise has flown in from every quarter for the debut novel by the Pulitzer-nominated author Adam Haslett, one of the first fictional takes on the financial meltdown, viewed through the prism of a crisis of masculinity

Cycling: Fresh doping claims are just 'sour milk' insists Armstrong

Lance Armstrong has rejected a fresh series of doping accusations from his former team-mate Floyd Landis relating to alleged drug use within Armstrong's former squad, US Postal. For the second time in 10 weeks, Landis made the allegations in an interview with the Wall Street Journal, published hours before the 38-year-old RadioShack leader rolled down the start ramp of what will be his final Tour.

Paul Steiger - Setting the truth free

America&rsquo;s tradition of investigative journalism has a new champion, and the organisation he founded is already making waves &ndash; and winning prizes. Stephen Foley meets a man on mission

The Man Who Owns the News, By Michael Wolff

Why exactly did Rupert Murdoch allow Vanity Fair writer Michael Wolff hours of interview time with him, his closest colleagues and his family for this biography?

Cycling: Armstrong accused of doping &ndash; but is it a case of bad blood?

Floyd Landis has admitted to years of drug use in an attack on his former team-mate's reputation

Rupert Murdoch: We're going to stop Google taking our stories for nothing

Why did I decide we would charge online? Because I listened to [my] executives, the case they made, and the revenue involved and the success of it.

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Pompeii, Capri & the Bay of Naples
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Minoan Crete and Santorini
Prices correct as of 15 May 2015
Fifa corruption: The 161-page dossier that exposes the organisation's dark heart

The 161-page dossier that exposes Fifa's dark heart

How did a group of corrupt officials turn football’s governing body into what was, in essence, a criminal enterprise? Chris Green and David Connett reveal all
Mediterranean migrant crisis: 'If Europe thinks bombing boats will stop smuggling, it will not. We will defend ourselves,' says Tripoli PM

Exclusive interview with Tripoli PM Khalifa al-Ghweil

'If Europe thinks bombing boats will stop smuggling, it will not. We will defend ourselves'
Raymond Chandler's Los Angeles: How the author foretold the Californian water crisis

Raymond Chandler's Los Angeles

How the author foretold the Californian water crisis
Chinese artist who posted funny image of President Xi Jinping facing five years in prison as authorities crackdown on dissent in the arts

Art attack

Chinese artist who posted funny image of President Xi Jinping facing five years in prison
Marc Jacobs is putting Cher in the limelight as the face of his latest campaign

Cher is the new face of Marc Jacobs

Alexander Fury explains why designers are turning to august stars to front their lines
Parents of six-year-old who beat leukaemia plan to climb Ben Nevis for cancer charity

'I'm climbing Ben Nevis for my daughter'

Karen Attwood's young daughter Yasmin beat cancer. Now her family is about to take on a new challenge - scaling Ben Nevis to help other children
10 best wedding gift ideas

It's that time of year again... 10 best wedding gift ideas

Forget that fancy toaster, we've gone off-list to find memorable gifts that will last a lifetime
Paul Scholes column: With the Premier League over for another year, here are my end of season awards

Paul Scholes column

With the Premier League over for another year, here are my end of season awards
Heysel disaster 30th anniversary: Liverpool have seen too much tragedy to forget fateful day in Belgium

Liverpool have seen too much tragedy to forget Heysel

Thirty years ago, 39 fans waiting to watch a European Cup final died as a result of a fatal cocktail of circumstances. Ian Herbert looks at how a club dealt with this tragedy
Amir Khan vs Chris Algieri: Khan’s audition for Floyd Mayweather may turn into a no-win situation, says Frank Warren

Khan’s audition for Mayweather may turn into a no-win situation

The Bolton fighter could be damned if he dazzles and damned if he doesn’t against Algieri, the man last seen being decked six times by Pacquiao, says Frank Warren
Blundering Tony Blair quits as Middle East peace envoy – only Israel will miss him

Blundering Blair quits as Middle East peace envoy – only Israel will miss him

For Arabs – and for Britons who lost their loved ones in his shambolic war in Iraq – his appointment was an insult, says Robert Fisk
Fifa corruption arrests: All hail the Feds for riding to football's rescue

Fifa corruption arrests

All hail the Feds for riding to football's rescue, says Ian Herbert
Isis in Syria: The Kurdish enclave still resisting the tyranny of President Assad and militant fighters

The Kurdish enclave still resisting the tyranny of Assad and Isis

In Syrian Kurdish cantons along the Turkish border, the progressive aims of the 2011 uprising are being enacted despite the war. Patrick Cockburn returns to Amuda
How I survived Cambodia's Killing Fields: Acclaimed surgeon SreyRam Kuy celebrates her mother's determination to escape the US

How I survived Cambodia's Killing Fields

Acclaimed surgeon SreyRam Kuy celebrates her mother's determination to escape to the US
Stephen Mangan interview: From posh buffoon to pregnant dad, the actor has quite a range

How Stephen Mangan got his range

Posh buffoon, hapless writer, pregnant dad - Mangan is certainly a versatile actor