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Page last updated at 05:08 GMT, Wednesday, 1 October 2008 06:08 UK

Financial crisis continues to dominate

Papers

As turmoil continues to grip the world's economic system, financial events in both the UK and abroad are again the focus.

The Daily Mirror and Daily Telegraph consider Gordon Brown's guarantee that savers will be repaid at least £50,000 of their money if their bank collapses.

The Mirror says he is showing leadership and authority, steering a difficult but determined course.

But the Telegraph says neither the government, the Bank of England nor the FSA have seized control of events.

American anger

Several papers examine the finance crisis from "Main Street USA".

The Guardian reports from Yonkers, just outside New York City, where people are preparing grimly for hard times.

The BBC's Gavin Esler, writing in the Daily Mail, says one word sums up the fury of ordinary Americans to what they see as the Wall Street fat cats - anger.

The Independent's editorial says it is understandable on the grounds that the taxpayer should not have to rescue an overpaid and foolish financial sector.

Losing the plot

Cherie Blair's forecast in an interview with Vanity Fair that her husband will be judged as significant as Winston Churchill appears in several papers.

The Daily Mirror calls her arrogant - and accuses her of appearing to have lost the plot.

The Daily Mail thinks her pride in her husband knows no bounds - nor does her knack for embarrassing him.

Best, it believes, is that his legacy is left with the public to decide whether they regard him with the same affection.

Financial support

With reference to the current financial turmoil, the Times says no bail-out will be needed for Ianthe Fullagar.

The paper shows the 18-year-old from Cumbria celebrating after scooping £7m on the EuroMillions lottery.

The Daily Express says she will not let the win go to her head, and still wants to go to university to study law.

The headline in the Sun is "Boom and bust", as it describes how she kept the precious winning ticket in her bra for safe-keeping.


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