The UN theme for International Women’s Day on Saturday is: Equality for women is progress for all. One glance at the FT graphic on women in senior management, published on Friday, suggests this progress is now happening on a global scale – but with some perhaps surprising results.

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The co-founder of PayPal and Tesla, and founder of SpaceX talks to the FT’s John Gapper and Daniel Garrahan about electric cars for the mass market and putting people on Mars, at the UK launch of his sports car.

By Ben Fenton

In an extended Vanity Fair piece that people who know the Murdoch family say is “horrifying in its level of detail” and “strikingly accurate in most respects”, Sarah Ellison has laid out how the phone hacking scandal at one of News Corp’s UK newspapers derailed dynastic plans for the media group.

One element of a long history – the claim that the four eldest Murdoch siblings had discussed the “succession” to their father as chairman and CEO with a “family counsellor” or psychologist – stood out, both for being hard to picture and for what it says about how little other shareholders views appear to enter into the Murdoch family considerations on succession planning. (Rupert Murdoch and the elder four of his six children control 38 per cent of voting shares, but own only 12 per cent of the total equity). Read more

Ben Bernanke at the FCIC: live blog, part 2 Read more

Alan Rappeport, an economics and business reporter for the FT, will provide rolling coverage of Ben Bernanke’s questioning by the Financial Crisis Inquiry Commission panel today. Alan’s coverage on this blog will start at about 2pm UK time, 9am EST. Read more

By Alan Rappeport, economics and business reporter

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5:41pm – Meeting adjourned.

5:40pm – The Commission has been going in circles for a little while now and vice-chair Thomas just went on a rant about the roots of the crisis. “I’m done raving,” he said, as the meeting inches to a close.

5:20pm – Mr Sirri said he had conversations with people about market manipulation surrounding Bear’s collapse, but said he never had anything that was specific enough to follow up on. Read more

By Alan Rappeport, economics and business reporter

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2:35pm – 10 minute break until the next panel.

2:32pm – It does seem that your firm and other firms were engaged in activities that put the financial system at risk, Mr Angelides said. Mr Cayne, in hindsight, agreed. The more verbal Mr Schwartz spreads the blame but said Bear played a role.

2:29pm – Back to Mr Angelides, the chair rejects the notion that 99.9 per cent of the world had no idea that the housing market was near collapse. He said that a bank like bear would never tell investors that it had no idea about the future and that there were plenty of clues that housing was overvalued. Read more

By Brooke Masters, chief regulation correspondent

UPDATE: It turns out that the Deparment of Justice asked for the file. The SEC didn’t make the referral. The DoJ request came after 62 members of Congress wrote to Eric Holder, attorney-general asking the DoJ to investigate Goldman.

The reports in the Wall Street Journal and the Washington Post that criminal prosecutors are now looking at the mortgage deal at the heart of the US Securities and Exchange Commission case against Goldman Sachs raise a key question: Why now?

The SEC is said formally to have referred the case to the US Attorney for the Southern District of New York. Such a step would not be unusual, but the timing would be.

Ordinarily, the SEC sends its evidence to prosecutors before filing its civil charges, not afterwards. That way, if the Justice Department does want to bring a criminal case, the two actions can be filed simultaneously. There are lots of good procedural reasons for doing it this way, so the two cases do not interfere with one another.

So, why act now? Read more