Poor Iceland. The country’s broke, its currency looks goofy, and now Stephen Colbert is taking pot shots from across the pond to make us feel better about our own economic situation. “If you’re looking for a good time in Iceland, get on the first plane to Norway,” says big meanie Colbert.
Agreement has been reached between the White House and congressional Democrats to offer the U.S. auto industry a $14 billion emergency package aimed at keeping the Big Three going until spring. Also, in the grand tradition of state socialism, the deal includes a new auto “czar” to oversee the restructuring of Detroit.
Still maintaining his innocence, former Enron CEO Jeffrey Skilling was sentenced Monday to 24 years for his role in the collapse of the energy giant. Skilling’s remaining assets will be liquidated, with about $45 million going to a victims’ fund.