Rhys' killer stares from papers

The papers are dominated by pictures of the baby-faced teenager convicted of the murder of 11-year-old Rhys Jones.

The killer and his crew of cowards is the Daily Mirror's headline alongside pictures of Sean Mercer and five of his accomplices who covered his tracks.

The Daily Telegraph says Rhys was the victim of a four-year war between two of Liverpool's most notorious gangs.

The Daily Express tells how Mr Justice Irwin labelled Mercer a "coward", or a "stupid coward", says the Daily Star.

'Casual killing'

The Sun says the Rhys Jones case has done nothing to halt what it calls the gun and knife crime explosion or the gang culture terrorising estates.

It says the killing was casual and just another milestone in the "shocking decline of broken Britain".

According to the Times, the gangs settled the pettiest rows with gunfire.

It writes that for Sean Mercer and his friends, an existence of "breathtaking tedium" was broken only by big talk, drug dealing and access to guns.

MI5 list

The conviction of an NHS doctor for plotting huge car bomb attacks in London and Glasgow last year also attracts much attention.

Both the Guardian and the Telegraph report that Bilal Abdulla had been on an MI5 watch list before launching his terror campaign.

The Guardian says Abdulla may have been on the list for 13 months.

But officials say there was no evidence at the time that he was plotting terrorist attacks.

'Zero hour'

The Financial Times sees the decision of the US Federal Reserve to slash American interest rates to virtually zero as historic.

The Fed has moved deeper into uncharted waters, heralding a raft of dramatic measures to help the economy, it says.

The Times bills the cut as "zero hour", saying the Fed stunned financial markets by throwing away the rulebook.

It says the bank has set its course for printing money to stimulate an economy close to deflationary collapse.