Allegations of phone hacking and bribery brought down Rupert Murdoch's tabloid News of the World. Criminal and parliamentary investigations are now under way in the U.K., and dozens of journalists and top executives from Murdoch's paper have been arrested.
Scotland Yard has been investigating the scandal, but several police officials from that iconic institution have also been implicated; they're accused of accepting bribes from reporters at Murdoch's papers.
Now, one way governments raise money is by issuing bonds: you or your pension fund lend them the money, and they then pay a set amount of interest for a set amount of time, say 10 or 20 years. Well, Britain's finance minister, George Osborne, is reportedly ready to announce that the UK plans to issue a bond that only your great-grandchildren will be able to cash in. It matures in a hundred years.
The resignation of the archbishop of Canterbury, Rowan Williams, comes at a time of tension within the Anglican Church over issues related to homosexuality as well as women bishops. Vicki Barker has reaction to the news.