The BBC's David Willey, at the Vatican, says that the Pope has, throughout these changes, indicated that he wants to limit the power vacuum inside the Vatican to the shortest possible time after he leaves office on Thursday.

BBC: Pope Benedict XVI amends Roman Catholic conclave law

Too often, however, the drive to further regulate these funds and limit their potential scope of operation is occurring in a vacuum devoid of detailed knowledge of their structure and evolution.

FORBES: Private Equity, Hedge Funds Must be Understood to be Regulated Effectively

Curtailing spin, and putting dour and competent folk such as Alistair Darling in charge of critical ministries, may limit damage of one kind, but it will also leave a news vacuum.

ECONOMIST: Bagehot: In a spin | The