The economic abyss is a distortion peddled by the US right and Obama's Democrats – just like Britain's left – need to counter the myth, writes Aditya Chakrabortty.
2. The BBC can be brilliant - despite its shambolic army of suits and bean-counters  (Daily Mail)
The corporation worked much better when it was much smaller, as it should now become again, writes Max Hastings.
3. Obama proves you can win in tough times  (Times) (£)
On both sides of the Atlantic, voters want economic toughness and social liberalism, says George Osborne.
Not voting for a police and crime commissioner on Thursday means turning your back on the frightened and vulnerable, says Gaby Hinsliff.
5. The downfall of David Petraeus may be a blessing in disguise  (Independent)
Obama now has more freedom to exert his will in the military sphere, writes Mary Dejevsky.
6. Let the public run our national broadcaster  (Daily Telegraph)
The BBC can weather this storm if we eradicate its culture of moral smugness, says Tessa Jowell.
7. China and US navigate in risky waters (Financial Times)
The narrowing of the power gap between the two countries is already raising tensions, writes Gideon Rachman.
8. Osborne needs to show a little love to the squeezed middle  (Daily Telegraph)
Reforming the 40p tax rate would reward those who have borne the brunt of austerity, writes Benedict Brogan.
9. Only when the BBC decides what it is for will it be able to regain trust  (Independent)
The failures of Newsnight have nothing to do with budget cuts, writes Dominic Lawson. Even the least well-funded local newspaper would have done better than this.
10. Investigative journalism must live on despite the Newsnight crisis  (Guardian)
The world would be a worse place without investigative journalism, but lack of funding is a real danger for this craft, writes David Leigh.