Breakfast Buffet, Thursday, March 26

Newsweek's daily serving of news and views from around the world.

Geithner Tightens the Knot on Wall Street: Geithner is expected to come out today with yet another announcement about a new program, this time a sweeping expansion of federal regulation of the financial system. One agency--probably the Fed--gets control of the regulatory bodies, which supposedly will be reformed themselves in coming months.

Brazil and the Future of the Economy: President Luiz Inacio da Silva opines in the FT that a new economic order will emerge out of the present unpleasantness, and he hopes it will be free of the "dogmas" that long characterized policy prescriptions for countries like his.

Containing the Developed World's Storm: George Soros writes of why and how the IMF and the G20 might protect the developing world from the "storm created in the developed world." He advocates long-term strengthening of the IMF.

The Winter of Czech Discontent: Czech Prime Minister Mirek Topolanek, currently the president of the European Parliament, slammed Obama's plan as the "road to hell," just after he was ousted by his own country's parliament in a no-confidence vote over--you guessed it--his handling of the economy.

Tunis, the New Dubai?: As Dubai's optimisim crumbles into the sand from whence it came, Tunisia is positioning itself to rise up next. It's pumping $25 billion into building the tallest tower in Africa and seeing a 38 percent increase in foreign direct investment, at a time when most emerging economies are being left in the lurch.

A Tour of Global Frustration: NPR's podcast today takes us to China, Sweden, and Egypt to get the word on the street about anger and the economy. Most interesting is a bit on Egypt's own Bernie Madoff, and why popular opinion has turned not against him, but rather against the people who invested with him.

Breakfast Buffet, Thursday, March 26 | News