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In the papers today: 28.01.07

If, after one of the best years for architecture, you are still feeling a bit hard pressed for money, the answer is simple – you aren't earning enough. The Independent reports that in Britain in 2008 you need an annual pay packet of at least £150,000 to feel 'comfortably off'. And you need a third, or at least a second, home. Not too unusual, as the Daily Telegraph reported on Saturday that Britons now own two million second homes.

And if you don't want to feel even more inadequate, then ignore the Independent from Saturday, which looked at one place where recession is not biting – Bishops Avenue in north London, where a house has just sold for £50 million.

If you want to turn your back on all this rampant consumerism, and get on with saving the planet by building an eco-town, take heed of a letter that the National Trust's Tony Burton has written to the Independent. He warns that 'there is a risk of a new environmental Hobson's choice between green homes or green spaces'.

Still, at least wind farms are making huge profits – with the help of subsidies, The Sunday Times reports. Will it be enough, though, to help prevent the black-outs that could threaten the Olympics, according to the Telegraph? Probably not, if John Vidal in Saturday's Guardian is right. He warns that Britain will miss its target of generating 15 per cent of all its energy from renewables by 2020 'unless it acts quickly, invests billions and changes its attitude to energy'.

And in further evidence of galloping globalisation, Tesco Express, the Financial Times tells us, plans to open its first store in Shanghai next month.

Fancy a bit of escapism instead? Then head for Liverpool, where the Hard Days Night Hotel opens on Friday. The Independent on Sunday had a sneak preview, and calls it a 'unique boutique hotel', complete with themed artwork.

Or look at Madrid, which is enjoying a really radical bit of urban planning – reclaiming the Manzanares river, currently hidden beneath motorways, to create 42km of riverside walkways and an artificial beach. It should all be complete by 2011, says the Saturday Times.

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