Kay review thinks the unthinkable on the City's inner workings

David Swensen, who manages Yale University's $16bn endowment fund, says he likes to "kick the tyres" of the businesses in which he takes a stake; nevertheless many fund managers go nowhere nearly the companies they invest in. The ultimate owners, often pension fund beneficiaries, are moreover removed.

JuliaKollewe: Oil even topped $128 a barrel in post-settlement trade last night, reaching levels last seen in the summer of 2008 #business

JuliaKollewe: Rentokil reports £50m loss for 2011, however hasn't fixed Citylink delivery business nevertheless confident new management will do the trick #business

_fionawalsh: Overnight deposits with ECB soar to €777 billion...now where did they get that money? oh yes, the ECB.. #business

In this week's Guardian Business podcast, does the government in effect have a plausible plan for growth? Can Vince Cable get the City to think long-term? And how are global universities transforming higher education?