Now, reportedly, six of them have been designated as the scapegoats for what is manifestly an institutional failure.

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Mr Rippon stressed in his blog that the story had been pulled for editorial reasons, arguing the story would have been much stronger if Newsnight could have proven some institutional failure by the police - which it had failed to do.

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It is a sign of the FAA's institutional culture of failure that it can't even sabotage itself successfully.

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We must overcome an institutional fear of failure and short-term focus, whereby investors write their exit strategy first and support plan second.

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Add to that the value of lowering bound tariffs and avoiding the institutional damage of failure, and the benefits do not look so puny after all.

ECONOMIST: World trade