No Page 3 girls, but the Journal has become somewhat livelier under Rupert Murdoch. Word was he planned to cut the length of some of the long feature stories, which had occasionally verged on parodies of themselves.
But what I have enjoyed is the way some topics are covered two or three times in different sections of the paper. Sound redundant? The paper has a couple of columns like one from breakingviews.com which offered insight on the central counterparty (CCP) for derivatives, a topic covered as a straight news story elsewhere in the finance section.

Richard Beales and Rachel Sanderson asked why this hasn’t happened before, since it would reduce the risks of a Bear Stearns-like failure by confining them to the CCP. “One reason is that the big dealers have wanted to keep control over the market – after all, they currently collect a bid-offer spread as well as knowledge about what others are trading.”
And, they noted, the CCP started with CDS index products which are not particularly profitable. Watch out for the exchanges which will try to get in, they warn.

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