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In the papers today: 21.02.08. Baby you can varnish my car

Porsche has obviously been too busy designing manly kitchens and has taken its eye off the ball somewhat.

The Telegraph reports that even Porsche's fastest car would struggle to keep up with 'The Splinter', a supercar designed by a US company that has two-seats, a top speed of 380kph – and is made of wood. 'Wood has a higher strength-to-weight ratio than aluminium and steel', explains designer Joe Harmon.

The sort of people who might have the right money:sense ratio to invest in a wooden supercar might also enjoy the 'opulent' lounges at Heathrow Terminal 5, as shown in the Evening Standard . The louges, which cost £60 million, feature champagne bars and Swarovski crystal chandeliers and range in exclusivity from the Galleries Club lounge (for the plebs), all the way to the ultra-swanky Gold Executive Club lounge (where Roman Abramovich and Richard Rogers can no doubt be found clinking Armagnac glasses and puffing on Cohibas).

And continuing the super-rich theme, the General Motors Building in New York's Central Park is up for sale, reports The Times . The iconic marble-clad 50-storey tower is yours for just $3 billion (£1.5 billion). Parking space for wooden supercars (presumably) included.

Meanwhile in Amsterdam, the ever-ingenious Dutch have come up with a novel way to tackle space shortage in the country. Land reclamation being so last century, a consortium of architects and engineers in the Dutch capital is planning to dig 60m underneath the city and create a network of subterranean car parks, cinemas and sports halls, says the Guardian . Did someone say subsidence?

And finally, the Independent reports on a comfortingly small-scale but extremely aspirational project in Cardiff, where architect Paola Sassi has built her own house to German Passivhaus standards. I can't help but feel that all the wood in Sassi's project could have been put to better use however…

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