Anti-American sarcasm has crept into his work like a cancer, eating away at its integrity

British newspaper writing is famously more vigorous and readable than its American equivalent. But this comes at a price: there’s a good chance that anything you read in a British newspaper isn’t true.

The American subprime explosion is still sending ripples of trouble out to the rest of the financial world. But subprime mortgages may only be the beginning of disruption in the US.