NEW YORK TIMES: Eight months after a federal investigation into a prostitution ring brought about, the question persists in some circles: Was the federal government out to get Mr. Spitzer? No evidence has surfaced to support such an assertion, and the prosecutor in the case has said that politics played no role in the pursuit of Mr. Spitzer, a Democrat. But that has not put to rest suspicions, expressed on left wing blogs, that Mr. Spitzer, a zealous pursuer of Wall Street wrongdoing who some thought could one day be president, had been singled out. Now, a congressional committee is […]

ASSOCIATED PRESS: KANDAHAR, Afghanistan — Afghan police have arrested 10 Taliban militants involved in an acid attack this month against 15 girls and teachers walking to school in southern Afghanistan, a provincial governor said Tuesday. “Several” of the arrested militants have confessed to taking part in the acid attack, said Kandahar Gov. Rahmatullah Raufi. He declined to be more precise. High-ranking Taliban fighters paid the militants a total of $2,000 to carry out the attack, Raufi said. The attackers came from Pakistan but were Afghan nationals, said Doud Doud, an Interior Ministry official. The attackers squirted the acid from water […]

[CBS News: Bush Vows to Safeguard Financial Systems] DAN BUSKIRK: I don’t want to start a panic or anything but is anyone paying attention to Treasury Secretary/Bail-Out Chief Henry “Hank” Paulson these days?  Look at him fidgeting behind Bush “Relax, I’M on the job” announcement yesterday. He looks like he’s ready to start sobbing, or he has to pee or he’s afraid someone’s going to run up from behind and de-pants him.  What ever is going on, he ain’t inspiring confidence. MCCLATCHY NEWSPAPERS: Treasury Secretary Henry Paulson, warning that “millions of Americans cannot find affordable financing for basic credit needs,” […]

HUFFPO: Obama made his comments as he unveiled the top members of his economic team, beginning with New York Federal Reserve President Tim Geithner to be his treasury secretary. Geithner, 47, is a veteran of financial crises at home and overseas and has worked closely with the Bush administration in recent months. Obama chose Lawrence Summers as director of his National Economic Council. Summers was treasury secretary under former President Bill Clinton. Obama said his newly minted economic team offered “sound judgment and fresh thinking” at a time of economic peril. He expressed confidence the nation would weather the crisis […]

SLATE: “By the afternoon of March 3, scarcely a bank in the country was open to do business,” FDR said in his March 12, 1933, fireside chat (now available on a very cool podcast at the Federal Deposit Insurance Corp.’s Web site). In 1933, some 4,000 commercial banks failed, causing depositors to take huge losses. (There was no FDIC back then.) The recession that started in August 1929 lasted for a grinding 43 months, during which unemployment soared to 25 percent and national income was cut in half. By contrast, through mid-November 2008, only 19 banks had failed. The Federal […]

ASSOCIATED PRESS: The report, Global Trends 2025, is published every four years by the National Intelligence Council to give U.S. leaders insight into looming problems and opportunities. It also says countries in Africa and South Asia may find themselves unstable and ungoverned, as state regimes collapse or wither away under security problems and water and food shortages brought about by climate change and a population increase of 1.4 billion. The potential for conflict will be greater in 2025 than it is now, as the world’s population competes for declining and shifting food, water and energy resources. The report, a year […]