Resources
Analysis
Smoke signals
Banking: With Lloyds ready to raise a record amount of fresh capital, Eric Daniels can claim vindication in an epic tussle with the authorities – even if not all of his investors are left happy
A high-wire act
Climate change: As a result of its pledges on energy use, China no longer risks pariah status at Copenhagen – but ever bigger snags will hinder the roll-out of its plans
Principal content
A healthy appetite for the right price
The Cadbury takeover battle shows the advantages of the UK system. The City’s focus on price allows investors to make up their own minds without being stymied by directors. A sound outcome is more likely than in the murky US alternative, writes John Gapper
Obama’s damaging silence on Israel
Max Hastings on the strength of Muslim sentiment
A peace dividend Sri Lanka cannot squander
The country needs a political settlement, writes David Pilling
Only competition can safeguard free markets
Maurice Saatchi on the power of financial cartels
Give us fiscal austerity, but not quite yet
It is too early to slash deficits, says Martin Wolf
Related content and features
More comment and analysis
Inside the dreams of Mullah Omar
The Taliban leader’s actions are often determined by night visions, making the future of fighting in Afghanistan hard to predict, writes Kenneth Ballen
Time for the greening of global trade
New international agreements that put environmental challenges at the centre of the world trading system are long overdue, writes Chandran Nair
Prepare yourself for Palin-Dobbs
Lou Dobbs, who resigned as America’s chief prime-time xenophobe last week, is hinting that public office beckons. Perhaps Sarah Palin should take note, writes Jurek Martin
EDITORIAL COMMENT
Operation Stealth
The Bank of England was right to keep its HBOS and RBS liquidity facility secret, a new panic could have turned the financial crisis into a catastrophe
Turks’ eastern turn
The shift in focus – seen by some as neo-Ottoman – is driven by interests more than ideology, as trade with the Middle East expands to take up the slack left by the EU’s downturn
Barroso must resist national bullying
The Commission president and the parliament should co-operate to ensure that Europe gets the representatives it deserves.
DEBATES & POLLS
What is the military for?
Can Britain afford a cold war-era nuclear deterrent? New aircraft carriers? Typhoon fighter aircraft? Have your say about Britain’s role in defence on the Arena Blog
New chapter of MBAs take oath to do better
No single group can be blamed for the economic meltdown, a number of high-profile MBAs have been implicated. Are MBA programmes useless?
Book review
Going rogue
Sarah Palin’s best-seller sheds little light on how she became one of the US’s most high-profile and divisive politicians
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