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Thursday, January 8, 2009

FT front page roundup

The Congressional Budget Office warned of a possible $1.2 trillion deficit this year, giving Republicans an opportunity to miraculously care about deficits finally.

All living presidents plus president-elect Barack Obama had lunch at the White House. Everyone laughed when Jimmy Carter called him "boy" after confusing him with a waiter.

Prosecutors detailed the $1m worth of jewelry Bernard Madoff tried to smuggle out of his house. Hilariously, his sons, who turned him in for the $50bn superfraud, also turned him in for this.

The European Central Bank is not budging on more interest rate cuts as it fights off the demons of hyperinflation and the British naval blockade.

And congratulations to India, parts of which are finally rich enough to have massive accounting fraud.

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