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

My Mentor: Tina Gaudoin on Jane Procter

'Jane told me later that she hired me because I'd look good eating canapés'

'Brokeback' author says says film is source of 'constant irritation'

It was an Oscar-winning film lauded for its sensitive portrayal of two lovelorn cowboys and their illicit passion in America's homophobic Midwest. But despite the success of Brokeback Mountain, starring the late Heath Ledger and Jake Gyllenhaal, the author on whose story it was based has complained that the tale has become "the source of constant irritation in my private life".

Murdoch unmasked: Meeting a media mogul

He dyes his hair, drinks coconut water, and outraged his mother when he got divorced. A new biography paints the most revealing portrait yet of the most powerful man in the media

The 'next Satanic Verses' shelved for fear of stirring up Islamic extremists

A novel about the child bride of the Prophet Mohamed has been withdrawn by Random House, which said it feared that publication of the book could "incite acts of violence". Critics, however, have accused the publisher of abandoning the principle of free speech and caving into pressure from extreme Islamist elements.

Hollywood is finally chasing Amy

It's taken years, but Hollywood has finally invited the Oscar-nominated actress Amy Ryan to join the top flight.

Top 'WSJ' editor leaves after four months under Murdoch

Marcus Brauchli, the most senior editor at The Wall Street Journal, is to quit his post just four months after the $5bn (£2.5bn) takeover of the newspaper by Rupert Murdoch's News Corp.

Picture Post: Who's Rupert got on speed-dial?

The prospect of a telephone call from Rupert Murdoch is enough to turn even the most battle-hardened politician, journalist, or globe-trotting businessman into a useless, quivering wreck.

Fresh blow for Clinton as strategist quits campaign

Mark Penn, the pollster and senior strategist for Hillary Clinton's presidential bid, quit her campaign team yesterday after it was disclosed that he met with representatives of the Colombian government to help promote a free trade agreement Mrs Clinton opposes.

MF Global sacks rogue wheat trader who lost group $141.5m

MF Global, the commodities broker spun off from the UK's Man Group last year, has sacked a rogue trader whose unauthorised dealing in the wheat market cost the group $141.5m.

Li to pay £4.1m in 'insider trading' case

Sir David Li, the London-born business grandee who was on the board of Dow Jones, tipped off a friend about the company's secret bid approach from Rupert Murdoch while the pair shared a business-class flight to Shanghai, it was alleged yesterday.

The year in numbers

3.85m: size of fines imposed by the media regulator Ofcom on terrestrial TV channels for phone-in competitions where viewers had no chance of winning

Murdoch sets the stage for 'talented' son to succeed him

Rupert Murdoch lavished praise on his youngest son, James, as he manoeuvred him into position to succeed him as head of his giant media empire.

We are able to handle any 'rough stuff' says confident Fabregas

Cesc Fabregas has become used to the rough and tumble of the Premiership during his Arsenal career and so believes England will be wasting their time if they attempt to "rough up" the Spanish in tonight's friendly in Manchester.

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Adnan Januzaj and Gareth Bale
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Nigel Farage celebrates with a pint after early local election results in the Hoy and Helmet pub in South Benfleet in Essex
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musicThe power of song never greater, according to our internet searches
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Tim Sherwood raises his hand after the 1-0 victory over Stoke
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Independent Travel
Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
Lake Como St Moritz & the Bernina Express 7 nights from £809pp
Vietnam
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South Africa
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Prices correct as of 19 December 2014
War with Isis: The West needs more than a White Knight

The West needs more than a White Knight

Despite billions spent on weapons, the US has not been able to counter Isis's gruesome tactics, says Patrick Cockburn
Return to Helmand: Private Davey Graham recalls the day he was shot by the Taliban

'The day I was shot by the Taliban'

Private Davey Graham was shot five times during an ambush in 2007 - it was the first, controversial photograph to show the dangers our soldiers faced in Helmand province
Revealed: the best and worst airlines for delays

Revealed: the best and worst airlines for delays

Many flyers are failing to claim compensation to which they are entitled, a new survey has found
The stories that defined 2014: From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions

The stories that defined 2014

From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions
Stoke-on-Trent becomes first British city to be classified as 'disaster resilient' by the United Nations

Disaster looming? Now you know where to head...

Which British city has become the first to be awarded special 'resilience' status by the UN?
Finally, a diet that works: Californian pastor's wildly popular Daniel Plan has seen his congregation greatly reduced

Finally, a diet that works

Californian pastor's wildly popular Daniel Plan has seen his congregation greatly reduced
Say it with... lyrics: The power of song was never greater, according to our internet searches

Say it with... lyrics

The power of song was never greater, according to our internet searches
Professor Danielle George: On a mission to bring back the art of 'thinkering'

The joys of 'thinkering'

Professor Danielle George on why we have to nurture tomorrow's scientists today
Monique Roffey: The author on father figures, the nation's narcissism and New Year reflections

Monique Roffey interview

The author on father figures, the nation's narcissism and New Year reflections
Introducing my anti-heroes of 2014

Introducing my anti-heroes of 2014

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Good taste? It's all a matter of timing...

It has been hard to form generally accepted cultural standards since the middle of the 19th century – and the disintegration is only going to accelerate, says DJ Taylor
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Olivia Jacobs and Ben Caplan
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Bill Granger's healthy breakfasts

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Who does your club need in the transfer window?

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Michael Calvin's Last Word

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