Two faces and a thrw back to the 19th Century dominate the papers this morning.

The two faces are Peter Hain who resigned as Work and Pensions secretary yesterday and Jerome Kerveil

Le Rogue Trader says the front of the Independent

The world of high finance, already shaken by the imprudent greed of some of its biggest corporate names, was stunned yesterday by the largest ever fraud by an individual "rogue" trader.
Jérôme Kerviel, a Frenchman aged 31, working for Société Gé*érale, one of the world's most reputable banks, lost almost €5bn (£3.7bn) in a series of complex, concealed deals on European stock derivatives.

Rogue trader on the run says the Telegraph

Jerome Kerviel, 31, is alleged to have single-handedly wiped out almost the entire annual profit of France's second biggest bank, Société Générale, in a scandal that dwarfs the £860 million losses of Nick Leeson, who brought down Barings Bank in 1995.Mr Kerviel is said to have admitted the alleged fraud after being confronted by his boss on Saturday, but the bank admitted last night that it now had no idea where he was.
Because the bank delayed calling in the police, Mr Kerviel still has his passport and may already have left the country.

The Times has the trader's picture with the words Wanted

To his banking colleagues Jérôme Kerviel, 31, was a lowly and unassuming employee at Société Générale in Paris, getting by on a relatively modest £74,000 alongside traders who earned millions. Yet he was the mastermind behind the biggest scam banking has known, dwarfing the fraud committed by Nick Leeson at Barings and making a mockery of the bank’s sophisticated fraud detection systems.
“He was not one of our stars,” a senior board member, who declined to be named, said. Another described him as “a fragile individual” who was “without particular genius” and faced family problems. He is believed to have suffered a recent family bereavement and been unable to take a holiday for more than a year.

The Guardian asks Was it his fault that the markets crashed

The City of London was yesterday awash with rumours that SocGen's desperate race to clear up the damage and unravel Kerviel's trading positions were at the heart of the stockmarket turmoil on Monday when share prices across Europe crumbled by 7%. Even the insistence of the French prime minister, François Fillon, that SocGen had "nothing to do with the situation on the financial markets" failed to stop the gossip


The story shares the front pages with Peter Hain

More pain for Gordon Brown as funding row bites says the same paper

The shadow of Labour’s funding scandals threatens to hang over Gordon Brown for years after police launched an investigation into Peter Hain hours after he quit the Cabinet.
The Work and Pensions Secretary offered his resignation, and Mr Brown took it without question, after the Electoral Commission referred to the police his late declaration of £103,000 in donations to his deputy leadership campaign.
It was yet another blow to Mr Brown after a string of troubles ranging from lost computer discs to Northern Rock

Now Labour faces third police inquiry says the Guardian

Gordon Brown was forced into the first unwanted and damaging cabinet reshuffle of his six months as prime minister last night after Peter Hain resigned his post as he faced the prospect of being questioned under caution by police investigating more than £100,000 of undeclared donations.
In what will be the third police investigation into Labour and political funding, the work and pensions minister could be prosecuted under the Political Parties, Elections and Referendums Act 2000. Under the law anyone convicted of a corrupt or illegal

Spending spree that wrecked Hain's career says the Telegraph

When Peter Hain became the first candidate to declare for the deputy leadership of the Labour Party he was the Northern Ireland Secretary, living in a castle and basking in the limelight of the successful peace negotiations.The fact that there was no vacancy when Mr Hain made his intentions clear in the summer of 2006 did little to endear him to either John Prescott, who he wanted to replace, or the other potential candidates

Peter Hain whinges, I've been stitched up says the Mirror

One Labour MP branded it "a nasty witch hunt".
Stunned Peter Hain knew "within two seconds" he would have to resign yesterday after he was told police will investigate donations to his failed Labour deputy leadership bid.
But the arrogant Works and Pensions and Welsh Secretary still believes he was stitched up and has done nothing wrong.

The Mail says that

The news slammed the brakes on his New Year relaunch, which had showed signs of halting a catastrophic slide in his fortunes.
Labour sources voiced the hope that Mr Hain's resignation would draw the sting from the "donorgate" scandal which has dogged Mr Brown since the autumn.
But with all evidence pointing to a breach of the law, the Prime Minister must now brace himself for an embarrassing trial which could drag up details of Labour funding irregularities if Scotland Yard decides Mr Hain has a case to answer.

Youth has its fling in Brown's reshuffle reports the Indy

In a major reshuffle of the "thirtysomethings" in government, Gordon Brown has used the departure of Peter Hain to freshen the look of his Cabinet by promoting three young high-flyers to senior posts.
The three, who are close friends, are James Purnell, 37, who will take over the Work and Pensions portfolio from Mr Hain; Andy Burnham, 38, becomes Culture Secretary to replace Mr Purnell; and Yvette Cooper,


Scandal of Britain's Romanian gangs is the front page of the Mail

Fagin-style criminal gangs from Romania are making vast amounts of money from trafficking children into Britain to work as pickpockets and beggars, it is revealed today.
The money amassed by the gangs is being funnelled back to Romania, often to build lavish homes back for the gang members, the Daily Mail has discovered.
The revelation comes as police staged a dramatic series of dawn raids yesterday in a campaign to stamp out the trafficking of Romanian slave children smuggled into Britain.
Many of the youngsters watched in terror from bedroom windows before being carried away. Ten children were taken into care.

Fagin's heirs says the Express

Police estimate that each child is worth £100,000 a year to the gangs, and the Romanian authorities believe that up to 2,000 children have been smuggled into Britain.
The gang bosses channel millions of pounds back to Romania, where the money is used to build luxury houses and buy expensive cars.
A police source said: “These people are driving BMWs and Mercedes and carrying weapons. They are highly organised criminals.”

The Indpendent reports that

Risk of becoming victim of crime at 27-year low

The risk of becoming a crime victim is now at its lowest for more than 25 years following a sharp fall in the number of offences reported to police.
But a 9 per cent drop in the overall crime rate was marred by a 21 per cent rise in drug offences and a 4 per cent increase in gun crime.
Just days after Jacqui Smith, the Home Secretary, admitted she would not walk alone in London at night, ministers will be keen to point to an 8 per cent fall in violent attacks.

The Times reports that

The British have made matters worse, says Afghan President

Britain and Afghanistan fell out in spectacular fashion yesterday after President Karzai accused his British allies of bungling the military operation in Helmand and setting back prospects for the area by 18 months.
Mr Karzai, Britain’s key ally in Afghanistan, had little praise for the efforts of the 7,800 British troops deployed in his country. Most are in the restless southern Helmand province, where Britain has invested billions of pounds in trying to defeat the Taleban, bolster central government authority and begin reconstruction.
But Mr Karzai said that they had failed in the task, particularly the initial military mission launched nearly two years ago by 16 Air Assault Brigade — a unit that is returning for its second tour this year.

Meanwhile the Indy reports that

US troops will be gone within 10 years, says Iraqi minister

US military forces will not stay in Iraq for anything like as long as some American politicians are demanding, says the Iraqi Foreign Minister, Hoshyar Zebari. He said crucial issues about "Who is in charge in Iraq – we or you?" would be settled in negotiations between Iraq and the United States, starting this month.

Romano Prodi resigns as Italy's prime minister reports the Telegraph

Mr Prodi was forced out, after just 20 months in power, when he lost a vote of confidence in the Senate. It was the 34th vote of confidence he had faced since becoming prime minister. Right-wing senators popped bottles of champagne in the chamber to celebrate

Berlusconi eyes return to power says the Guardian

Silvio Berlusconi, the opposition leader who has a huge lead in opinion polls, called for a snap election. Napolitano is known to favour a transitional government to steer through electoral reform, but the media mogul who governed Italy until two years ago said the project was "senseless".
What the country needed was a "new and authoritative" administration, he said. "We need to go to the polls in the shortest time possible without delay."

The Mirror's front page follows up its lead yesterday

Natasha Hogan is to blame too says love rival Tracey Reed

Balcony mum Natasha Hogan must take some responsibility for the plunge death of her son, her dumped love rival said last night.
Tracey Reed, 42 - whose husband has married Natasha, 35 - said: "I wouldn't wish what she's been through on anyone but she has to take some blame. On the night of the tragedy I believe she was ending her marriage to be with my man."

another girl in Bridgend tries to commit suicide reports the Times


A dozen pupils at a Bridgend secondary school have asked for counselling after the attempted suicide of a 15-year-old girl.
Leah Phillips was within minutes of becoming the most recent suicide in the Welsh town when she tried to hang herself on Friday night. She was found and given the kiss of life by her stepfather and a neighbour

The Indy reports that

Galloway shows disrespect to his party

George Galloway is to stand on an "Old Labour" ticket for the London Assembly in another attempt to form a new political force after splitting from Respect, the left-wing coalition that he helped to found.
The maverick MP, who fell out with the anti-war coalition after forming the breakaway group "Respect Renewal" and holding an "alternative conference" last November, is to stand for the elections in May as part of an as-yet-unnamed "progressive list".

Teachers to ballot on one-day pay strike says the Telegraph

The National Union of Teachers announced it is to ballot members on a one-day walkout that could hit schools across England and Wales on April 24.
Steve Sinnott, the NUT's general secretary, said he was "very confident" that teachers would vote in favour of industrial action.
Last week, the Government announced a 2.45 per cent pay rise for teachers in England and Wales this year, with further rises of 2.3 per cent in 2009 and 2010.

Contraceptive pill cuts ovarian cancer risk, study says reports the Guardian

The research, by Oxford University epidemiologists, suggests that the risk of ovarian cancer is cut by 20% for every five years that a woman has been on the pill. Those who take it for 15 years cut their risk by half. Ovarian cancer is hard to detect and kills two-thirds of those who get it.

Meanwhile the Mail reports

Alert over jab for girls as two die following cervical cancer
vaccination

A jab that could be given to hundreds of thousands of schoolgirls this autumn was at the centre at a safety scare last night following the deaths of two young women.
European regulators are investigating the "sudden and unexpected" deaths of the women who received Gardasil, one of two jabs to protect against cervical cancer licensed for use in the UK.

And the Telegraph reports that

'Friendly bacteria' products linked to 24 deaths

Yoghurt health drinks are at the centre of safety fears after 24 patients died during clinical trials of probiotics, the dietary supplements containing potentially beneficial bacteria.The Dutch Patient and Consumer Federation (NPCF) has demanded an investigation into dairy products, such as Yakult, that contain active bacteria.
A spokesman said: "Yakult and other drinks contain probiotics and we feel this research might create panic. It is up to the health authorities to start investigations and respond to people's fears."


Found: The man in the Madeleine photofit says the same paper

A Portuguese pig farmer has been identified as the man shown in the sketch of Madeleine McCann's alleged abductor.
Joaquim Jose Marques was questioned by police this week after a holidaymaker told detectives he resembled the image released by Kate and Gerry McCann, which is being reproduced on a million wanted posters.
The farmer, who has a daughter of Madeleine's age, has been eliminated from the police investigation. He has not been arrested or named as an official suspect in the case.

MADDY COPS QUIZ 'CREEPY' says the Mirror

Police hunting the "creepy" stranger seen acting suspiciously near the resort where Madeleine McCann was snatched have questioned an oddball pig farmer who lives three miles away.

Chelsea's Cole is a love cheat according to the Sun

PRETTY blonde Aimee Walton told last night of her “wild” sex romp with Ashley Cole — then admitted: “It was a big mistake, I feel so sorry for Cheryl.”
Aimee, 22, revealed the Chelsea and England defender cheated on pop star wife Cheryl after a night out drinking with pals.
In revelations that shatter Cole’s image as a happily married man who rarely drinks, mum-of-one Aimee told how he:

Many of the papers carry the story that

Biologist claims significant step towards artificial life

The biologist and entrepreneur Craig Venter has announced the creation of a synthetic chromosome, knocking down one of the final hurdles to building the world's first artificial life form.
Venter, best known for his race against publicly funded scientists in the 1990s to sequence the human genome and more recently for hunting the oceans for unknown genes, said the latest work was a "significant but not final step" to creating new life says the Guardian

The Telegraph reports

The scientists led by the human genome pioneer Dr Craig Venter want to create new kinds of bacterium, living chemical factories if you like, to make new types of bugs which can be used as green fuels to replace oil and coal, digest toxic waste or absorb carbon dioxide and other greenhouse gases from the atmosphere.
The feat will trigger excitement and unease in equal measure along with widespread debate about the ethics of creating new species, which Dr Venter believes will be a major step in the history of our species. One critic of what some call Synthia put it more trenchantly: "God has competition."

Finally the Mail reports on

Mysterious 'ghostly' face of child appears in mobile phone photo of teen pals

At first glance, it seems to be an ordinary snap of a group of young people.
But look more carefully and there appears to be an extraordinary, ghostly presence among them.
Peeping out between the knees of two of the girls is the face of a child.The eerie image - clear enough to show a pair of eyes, a nose, a mouth and hair - was captured by 17-year-old Matthew Summers on his mobile phone as he and his friends were preparing to go out.
"I zoomed in to my sister's mate's little sister who was crying and I saw a face,"