1. Change is in the air. Labour understands, Tories don't (Independent)

Bob Diamond's resignation is the latest vivid sign that the old order is crumbling, says Steve Richards.

2. Enough is enough of the age of consumption (Financial Times)

There are policies we can take to nudge us off the treadmill, write Robert and Edward Skidelsky.

3. Osborne’s revenge on Labour will turn sour (Daily Telegraph)

The Chancellor’s plan to shift the blame for the Libor scandal will put Parliament on the rack, says Sue Cameron.

4. Barclays: advantage Diamond (Guardian)

The Treasury select committee unwittingly made a compelling case for a judge-led investigation into banking, argues a Guardian editorial.

5. Nutty, yes. But judge them by their actions (Times) (£)

Scientology has its bizarre beliefs, as have all other religions, but that is not enough for us to condemn it, says David Aaronovitch.

6. As the climate changes, extreme weather isn't that extreme any more (Guardian)

With the US heatwave and Europe's rain, records are tumbling, writes John Vidal. Formerly rare occurrences are becoming the new normal.

7. Yet another dismal repeat at the highest echelons of the BBC (Daily Telegraph)

The new director-general is a clone of the old one - a far cry from the values of Lord Reith, writes Peter Oborne.

8. Trading floor culture no longer acceptable (Financial Times)

It would take a fierce assault by a new set of leaders and by regulators to have much impact, writes John Gapper.

9. Honour the pledges on plastic bag menace (Daily Mail)

Since the coalition came to power, and lost interest in the subject, hugely welcome progress has halted, says a Daily Mail editorial.

10. This is not the kids' problem (Guardian)

What galls me is that a structural defect of capitalism has been dumped on young people like my students, says Richard Sennett.