2009-03-24 By: WEBMASTER

Still think you voted for the right guy?

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… iam pridem, ex quo suffragia nulli uendimus, effudit curas; nam qui dabat olim imperium, fasces, legiones, omnia, nunc se continet atque duas tantum res anxius optat, panem et circenses.

(Juvenal, Satire 10.77–81)

… Already long ago, from when we sold our vote to no man, the People have abdicated our duties; for the People who once upon a time handed out military command, high civil office, legions — everything, now restrains itself and anxiously hopes for just two things: bread and circuses

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Can he get anything straight? TurboTax failed him. So, apparently, did Outlook calendar.

Hapless Treasury Secretary Tim Geithner claims he didn’t find out about the AIG bonus issue until March 10. This was contradicted by AIG president Edward Liddy’s testimony before Congress earlier this week. Liddy was right. Geithner was wrong. And it’s all on videotape. DealBlog this morning referenced a House hearing on March 3 in which Geithner was directly questioned about the specific bosnues, a full week before Geithner claims he was made aware of the impending controversy. C-SPAN archives has the clip (also now on YouTube):

Click here for CSPAN VIDEO

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Friday, 20 March 2009 Written by Chris Perver

This link from my friends Gary and Margie. The President of Kazakhstan has called for the creation of a single global currency in order to resolve the deepening crisis that has gripped the world financial system. For the first time in British history, the Bank of England has revealed plans to introduce quantitative easing, by 'creating' £75 billion in order to increase liquidity and get banks lending again. Interest rates in the United Kingdom are at an all time low of 0.5%, and analysts are predicting that Britain's economy could continue to deteriorate over the next 12 months, with unemployment levels possibly reaching 3 million. The strength of the pound has fallen to record lows in recent months, prompting speculation that the government may be planning to ditch the pound in favour of joining the single European currency. But Britain isn't the only nation facing economic instability. As the value of the dollar continues to slide, some are calling for the creation of a single global currency as a way to limit economic turmoil and alleviate the growing mountain of debt that now threatens to bring down the entire financial system.  

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