The Wrap roundup

Bloomberg examines the phone calls that sealed a global cut in interest rates (Peter Walker)

The Financial Times looks at the tycoon who lost £1bn in a day

Matthew Parris in the Times on how the Icelandic population would fit into 6,000 double decker buses (Jenny Percival)

The Telegraph's Simon Heffer believes the bank bail-out marks a slippery slope towards authoritarian socialism (Peter Walker)

The FT's Robert Shrimsley takes an imaginary tour round the Downing Street bunker as the 2008 economic crises unfolds (Jenny Percival)

And the Telegraph puts together the Financial Crisis in pictures

The full video of Obama & McCain's second presidential debate (David Batty)

Sarah Palin's campaign gets ugly (David Batty)

Saturday Night Live lampoons Sarah Palin in its take on her live TV debate with Joe Biden (David Batty)

And the Pitbull with Lipstick teams up with Hilary Clinton to address the issue of sexism in the US presidential race (David Batty)

Slate comes up with a new take on Sarah Palin's words in verse, offering up poetry based on her most recent comments to the press (Audrey Gillan)

Think you're an expert on the US elections? Try the New Yorker's fiendish quiz - the highest we managed to score was 12 out of 29 (Jenny Percival)

The BBC's Australia correspondent Nick Bryant looks at why this year has been an "annus horribilis" for Qantas (Peter Walker)

There's a fiesty ding-dong between the media bloggers Jeff Jarvis and Roy Greenslade on whether journalists are at fault for the decline in newspaper sales. (Matthew Weaver)

The Independent looks at how an artist tested the Post Office by sending letters addressed as puzzles

Beautiful old photographs showcase a century of the London Underground logo on this Guardian picture gallery

And we've just discovered there are brilliant and free language courses on the BBC's website (Matthew Weaver)

IN THE GUARDIAN TOMORROW

In Family... Tennis at 3.30pm, riding at 5pm, then hockey. Wake up and it's guitar at 9am, then drama, rugby and gymnastics ... Elizabeth McFarlane talks to three families who are so busy they barely have time to breathe. Why on earth do they do it? As Peter Mandelson makes another return to the cabinet, Julian Glover revisits his book The Blair Revolution in this week's Review. What did the architect of New Labour get right - and wrong - a dozen years ago? In Money... Old fashioned but safe? We asked every building society in Britain how they are coping with the crunch... In Travel... It sounds like a hoax. Pay for a holiday to a mystery destination, arrange to meet a man called Jim at the airport. . . Danny Wallace takes a gamble on a trip into the unknown... In Work... the numerati are out there, mapping our behaviour through every keystroke and web page visit. But who are they and what does their data say about us? Stephen Baker reveals all... Finally, in Weekend magazine, they seem like simple drawings, but there is a great depth to the Peanuts strips. Lifelong fans Matt Groening and Jonathan Franzen pay tribute...

IN THE OBSERVER ON SUNDAY

In Review, Sean O'Hagan interviews Turner prize-winning artist Steve McQueen ahead of his extraordinary film debut, plus Laura Cumming on the brain drain of art curators to private galleries, Andrew Davies on the BBC's Little Dorritt, and Tom Hurndall's parents speak about the good and bad that came from the death of their son in Gaza

In Books this week, Rachel Cooke finds vanity, ambition and writing so poor it should be made illegal in the latest crop of celebrity memoirs. Tim Adams interviews Booker hopeful Steve Tolz; Dominic Sandbrook explains why Simon Schama is the Martin Amis of modern history; and Adam Mars-Jones is won over by the beauty and brilliance of Nadeem Aslam's new novel, The Wasted Vigil.

In Observer Magazine, beneath the gloss: artist Gary Hume talks to Lynn Barber about fame, fatherhood and hospital doors. The axeman cometh: towns need trees. So why do we keep chopping them down? Lucy Siegle investigates. Plus prison stories and politics: Anthony Sampson on his long friendship with Nelson Mandela, and how we all got carried away with the eco tote. Alice Fisher on the rise of the green shopper

In Observer Music Monthly, an American classic: Neil Young looks back on his incredible life. Plus Sam Wolfson falls in step with Little Boots, John Peel's finest Observer journalism, Miranda Sawyer swaps phone numbers with the mighty Grace Jones, the miraculous tale of the Priests, and ex-Strictly star Alesha Dixon returns to pop.