US house prices: when will they stop falling?
Economists’ Forum: The severity of recent price declines reflects earlier exuberance but the housing slump won’t last forever, says Mickey Levy. Plus, Martin Wolf on creative capitalism
Principal content
Death toll rises in Madrid air crash
At least 45 people were killed when a Spanair jet crashed on takeoff at Madrid airport, the government said, but an emergency services source reported about 150 fatalities
US and Poland sign missile shield deal
Russia could agree tit-for-tat arms sales to Syria
Ericsson and STMicro form mobile venture
Supply chips and technology to phone makers
UK tries to offload Typhoon fighters
Ministry faces estimated budget deficit of £2bn
Virgin in talks to sell out of Nigeria
Review is ‘regrettable’, says Branson
Related content and features
VIDEO
BAA ‘should sell three airports’
Kevin Done explains why the remedies in the Competition Commission’s report on BAA are drastic
US Daily View: Fannie, Freddie and the Treasury
Saskia Scholtes on equity and bond jitters over the US Treasury’s rescue blueprint for Fannie and Freddie
Short View: Fannie, Freddie and Joe
John Authers on prospects for Fannie and Freddie shareholders and the latest thinking from the markets on Barack Obama’s VP pick
Interactive
Musharraf’s political life
Slideshow: Embattled president Pervez Musharraf announced his resignation after nine years in power. View pictures of the key moments of his political career
Bottom line for Apple fans: Don’t despair
Tech Blog: Apple has released an iPhone software update that may help fix the issues contributing to dropped calls and poor 3G reception
The Saddleback Church encounter
Clive Crook’s blog: Obama came across as smart, interesting and admirable, but indecisive. McCain was just the opposite: direct, peremptory, energetic, impatient to take charge
Comment
The selfish hegemon must offer a New Deal on trade
What is doubly offensive about this exercise of political muscle is that it is advanced in the language of altruism, writes Jagdish Bhagwati
Teaching demands a warm heart and a cold eye
The desire to give people chances they may not deserve is admirable but it is not the trait you want in examiners, says John Kay
We face tough choices on British airports
Nigel Rudd and Colin Matthews consider the future of UK airports as the Competition Commission unveils its provisional findings of its investigation into BAA
Emerging markets must shift their focus inwards
Governments will have to maintain greater caution as the cushion of large foreign exchange reserves diminishes, writes Raghuram Rajan
Lex
Offices to let
America’s premier office market, Manhattan, is starting to sputter
BAA break-up
The UK regulator of airports has finally made its decision. It is time to break up BAA
Aussie rules
The financial engineering model – arguably patented Down Under, and subsequently adopted across the globe – is fast unravelling
Mini-Mecom
Like others in the bombed-out sector, Mecom is valiantly hoping that online revenues will - sometime, somehow - compensate for the structural decline of its newspapers
Editorial comment
A papal warning
Italy’s anti-immigration measures are counter-productive – the key is to manage integration, not to inflame prejudice against the least protected
Dollar on the rise, at least for now
The recent appreciation of the dollar is a correction from its deep fall but it is unlikely to be the start of a recovery, and may be over after the first hooray
The Tory dilemma
The Tories need to offer a greater sense of strategic direction but this will require hard choices – this is the surest route to good government
