Wednesday's Daily Brief

2009-04-01

The Daily Brief

Nicolas Sarkozy: To the G-20: Do What We Must for Global Growth, But Regulate All Finance

AP/Sang Tan

Nicolas Sarkozy: The world expects that we speed up the reform of the international financial system. The world expects that we rebuild, together, a new form of capitalism, better regulated, with a greater sense of morality and solidarity. This is a precondition for mobilizing the economy and achieving sustainable growth. This crisis is not the crisis of capitalism. On the contrary, it is the crisis of a system that has drifted away from the most fundamental values of capitalism. It is the crisis of a system that drove financial operators to be increasingly reckless in the risks they took, that allowed banks to speculate instead of doing their proper business of funding growth in the economy; a system, lastly, that tolerated a complete lack of control over the activities of so many financial players and markets. Click here to read more.

Ann Pettifor: Dispatches from the G-20 Summit

The consequences of Governor Mervyn King's intervention will be played out for years to come -- in the destruction of banks, businesses, jobs and human lives.

Rep. Alan Grayson: Stop Stealing Our Money

No one has the right to get rich off taxpayer money. And no one should get rich off abject failure. If the government owns a chunk of a bank, that bank must pay its employees reasonably.

Jacob Heilbrunn: The New Neocon Alliance with Obama

This morning leading neoconservatives such as William Kristol and Robert Kagan held a meeting at the Mayflower Hotel -- in support of President Obama's Afghanistan policy.

Mitchell Bard: One Man's Car Shows Why Aid to the Automakers Must Include a Commitment to Fuel Efficiency

By forcing General Motors and Chrysler to shift focus to a future of fuel-efficient vehicles, all of the concerns can be addressed. The automakers can be saved.

Alan Farnham: Forbes To Sell Brother

In a further sign of worsening conditions in the magazine industry, Forbes LLC announced it would be selling one of the company's namesake brothers.

HuffPost News

• Obama's Wednesday G-20 Schedule
• G-20 Protesters Break Into Royal Bank Of Scotland In London (SLIDESHOW)
• Stephen Colbert Rips Apart Glenn Beck: Building His Career On 9/11 (VIDEO)
• Ted Stevens Conviction To Be Voided
• The History Of April Fools' Day Plus The Top Five Pranks Of All Time (VIDEO) (PICS)

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