Daily Archives: October 28, 2013

By Gideon Rachman
Should political leaders who have promoted or tolerated mass killings be brought to justice? Many in the west would instinctively answer Yes. The idea that leaders can kill their way to power – and not face punishment – seems morally wrong and politically dangerous. In recent years, an apparatus of international justice has been set up to ensure that mass murder can no longer go unpunished – with the International Criminal Court at its apex.

♦ Gillian Tett speaks to Alan Greenspan and finds he is prepared to admit that he got it wrong – at least in part.
♦ The White House glitches have gone further than Obamacare, as the administration has been continuously caught off guard by recent crises from Syria to spying, says Edward Luce. And the president gives few signs of having found a learning curve.
♦ France’s central bank governor, Christian Noyer, says Europe’s financial transaction tax poses an “enormous risk” to the countries involved.
♦ Spain’s mini gold rush in the country’s north is part of a broader movement by foreign investors seeking to turn Spain’s woes to their advantage. It also shows some of the difficulties of investing despite a more positive outlook.
♦ Ikea has sent self-assembly huts to Ethiopia to house Somali refugees – and they could soon be used as alternatives to tents elsewhere.
♦ Josef Joffe, editor of Die Zeit, looks at the history of top-down capitalism and wonders whether China can sustain its astounding growth.
♦ The art world may be marvelling at China’s booming market, but many transactions have not actually been completed and the market is flooded with forgeriesRead more

After days of severe weather warnings and anticipation, England suffered transport chaos and widespread power cuts this morning after a storm with gusts of up to 99 mph hit southern England.

Though the storm was not severe by international standards, it is the worst to hit the country in a number of years.

Porthleven in Cornwall. (c) Getty Images

This video from the Met Office shows the progress of the storm across the country.

The worst of the weather is now over, with the focus turning to the cleanup.

London’s rail stations were eerily quiet as most major rail companies cancelled all early morning trains.

(c) Claer Barrett

(c) Claer Barrett

Network Rail, like many other companies, took to Twitter to update commuters on problems.

It said that more than 100 trees have been discovered on the rail network across the south east so far today.

As of 10am, many major commuter routes were still closed. Read more

David Pilling

What can you trust in China these days? An investigative journalist who says a well-known company has allegedly been manipulating its financial results? Or the company that denies that point blank? How about a police force that crosses provincial lines to arrest the “offending” journalist on suspicion of damaging that company’s commercial reputation?

Above all, can we now trust the confession of the journalist – paraded on state TV with head shaved and in handcuffs – admitting that he was paid to falsify those stories? Read more