George Soros first made a name for himself with The Quantum Fund, a hedge fund that’s often described as the first real global investment fund, which he and partner Jim Rogers founded in 1970.

This is the Daily Mail’s reaction to Britain’s acceptance of Chinese security men on the streets of London this week during Olympic-torch protests in the city.

According to the paper, Chinese officials were ordering British police about and fighting running battles with British protesters. This, says columnist Anthony Browne, was “a brazen display of how confident China has become of its new place in the world, just as the British Government’s failure to take a firm stand on Chinese abuses of human rights shows how craven we have become.”

“Inflation is back,” reports The Wall Street Journal.

But it’s complicated, says the paper, because today’s inflation is “coming at a time of sharply reduced interest rates in the US, the opposite of the usual response to rising inflaton.”

Consumer prices in the U.S., Europe and other rich countries are projected to rise 2.6% this year, the highest inflation rate since 1995, the International Monetary Fund said Wednesday.

The ongoing credit crisis could trigger losses of $1 trillion, according to an assessment by the International Monetary Fund.

In its twice-yearly review of the global financial markets, the UN agency also warned that there is a “collective failure” to grasp the extent of leverage in the financial system that could further damage the health of the US economy.