From the Times online (via CR), Spain's unemployment rate leaps to record high:
More than four million Spanish people are out of work. According to the country's National Statistics Institute a record high figure of 17.4 per cent were unemployed in the first quarter of the year.
Unemployment leapt from 13.9 per cent in the fourth quarter of 2008, the biggest quarterly jump since 1976. Joblessness in Spain has almost doubled in a year.
The failure of the Democratic Party to meaningfully oppose what was done over the last eight years is a crucial part of the story here and light needs to be shined on that as much as anything else. I don't know of a single person who has devoted themselves to arguing for investigations who contests that fact.
You'd think the Democrats would want to clear their names. And ours. Why don't they? Read more about What Glenn said
Mr Geithner and Mr Summers [and their boss] want to preserve the banking system largely as it is.
As the sun streamed through the glass ceiling of London’s 40-story “Gherkin” tower in May 2007, Thomas Jasper raised his champagne glass.
Almost 25 years after the former Salomon Brothers Inc. banker transformed the derivatives market into a trillion-dollar industry, his latest venture, Primus Guaranty Ltd., was poised to make unprecedented profits.
However -- and I hope this is cynical enough; I do try -- the whole point of the stress tests is that they are a lie. The whole point is to lie, have everyone know it's a lie, and get away with it; the worst kind of power trip imaginable. Read more about The lying will continue until confidence improves