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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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
3.	Provence 6 nights B&B by train from £599pp
Prices correct as of 20 February 2015
HIV pill: Scientists hail discovery of 'game-changer' that cuts the risk of infection among gay men by 86%

Scientists hail daily pill that protects against HIV infection

Breakthrough in battle against global scourge – but will the NHS pay for it?
How we must adjust our lifestyles to nature: Welcome to the 'Anthropocene', the human epoch

Time to play God

Welcome to the 'Anthropocene', the human epoch where we may need to redefine nature itself
MacGyver returns, but with a difference: Handyman hero of classic 1980s TV series to be recast as a woman

MacGyver returns, but with a difference

Handyman hero of classic 1980s TV series to be recast as a woman
Tunnel renaissance: Why cities are hiding roads down in the ground

Tunnel renaissance

Why cities are hiding roads underground
'Backstreet Boys - Show 'Em What You're Made Of': An affectionate look at five middle-aged men

Boys to men

The Backstreet Boys might be middle-aged, married and have dodgy knees, but a heartfelt documentary reveals they’re not going gently into pop’s good night
Crufts 2015: Should foreign dogs be allowed to compete?

Crufts 2015

Should foreign dogs be allowed to compete?
10 best projectors

How to make your home cinema more cinematic: 10 best projectors

Want to recreate the big-screen experience in your sitting room? IndyBest sizes up gadgets to form your film-watching
Manchester City 1 Barcelona 2 player ratings: Luis Suarez? Lionel Messi? Joe Hart? Who was the star man?

Manchester City vs Barcelona player ratings

Luis Suarez? Lionel Messi? Joe Hart? Who was the star man at the Etihad?
Arsenal vs Monaco: Monaco - the making of Gunners' manager Arsene Wenger

Monaco: the making of Wenger

Jack Pitt-Brooke speaks to former players and learns the Frenchman’s man-management has always been one of his best skills
Cricket World Cup 2015: Chris Gayle - the West Indies' enigma lives up to his reputation

Chris Gayle: The West Indies' enigma

Some said the game's eternal rebel was washed up. As ever, he proved he writes the scripts by producing a blistering World Cup innings
In Ukraine a dark world of hybrid warfare and murky loyalties prevails

In Ukraine a dark world of hybrid warfare

This war in the shadows has been going on since the fall of Mr Yanukovych
'Birdman' and 'Bullets Over Broadway': Homage or plagiarism?

Homage or plagiarism?

'Birdman' shares much DNA with Woody Allen's 'Bullets Over Broadway'
Broadchurch ends as damp squib not even David Tennant can revive

A damp squib not even David Tennant can revive

Broadchurch, Series 2 finale, review
A Koi carp breeding pond, wall-mounted iPads and a bathroom with a 'wellness' shower: inside the mansion of Germany's 'Bishop of Bling'

Inside the mansion of Germany's 'Bishop of Bling'

A Koi carp breeding pond, wall-mounted iPads and a bathroom with a 'wellness' shower