The blackouts in America and Europe are best seen as teething pains for systems in transition, argues Jo Whitehead of the Boston Consulting Group, as regulators pragmatically work out what precisely their role should be in liberalised markets.

ECONOMIST: Why do the lights keep going out?

Professor Stephen Tomlinson, 62, who stepped down as provost and deputy vice-chancellor of Cardiff University last summer, is also recognised with an OBE for services to medicine, as is leading paediatrician Professor Jo Sibert.

BBC: The couple are 'staggered' by the honours

"The science has been diminished certainly, not on a particular side, but for the criminal justice system as a whole, " says Jo Millington, formerly of the FSS and the Met Police.

BBC: DNA test jailed innocent man for murder

The resignation of Mary Shapiro is widely viewed as the cause of the delay, with the appointment of her successor, Mary Jo White seen as both the end and the reason for the delay continue.

FORBES: Move up http://i.forbesimg.com t Move down

Lee Mack won best male TV comic and Jo Brand best female, with Morgana Robinson named as breakthrough artist for her celebrity impersonations.

BBC: Sacha Baron Cohen honoured at British Comedy Awards

For years, Brazilians were used to watching comedians such as Chico Anysio and Jo Soares, both of whom hit their peak in the mid-1980s.

FORBES: In Brazil Comedians Are Having The Last Laugh

Third seed Novak Djokovic, the in-form Nikolay Davydenko, 2008 finalist Jo-Wilfried Tsonga and last year's semifinalist Fernando Verdasco all progressed as the reputation for surprises at the season-opening grand slam continued to be undermined.

CNN: Top seed Federer eases into third round