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Despite sounding more like an arcade than a currency oversight organization, European Union leaders have agreed to set up an official bailout fund for eurozone members as soon as 2013, doing “whatever is required” to defend the beleaguered currency.

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In a move to ostensibly "save" the United Nations' climate talks in Copenhagen, the U.S. has pledged to support a $100 billion multilateral fund to help poor countries adapt to climate change and develop environmentally friendly technologies.

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It's called NewAssignment.net, and the idea is for everyday citizens to fund specific reporting projects that will be assigned to professional journalists. This could be the birth of an entirely new paradigm in reporting: professionals and amateurs working together in a truly networked way. Check it out.

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When the Long Term Capital Management hedge fund went belly up in 1998, it nearly wrecked world markets. So why are we allowing well-connected Republicans to prevent the SEC from staving off the next catastrophe?

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The House speaker cleared a cool $2 million from the sale of land near a highway project that he helped to finance with targeted federal funds. Two other GOP congressmen had similar questionable dealings in their own districts. The Washington Post has the goods.

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The Department of Homeland Security slashed anti-terrorism money for Washington and New York in favor of cities like Jacksonville and Sacramento. Stunner: "A DHS risk scorecard for the city asserted that the home of the Empire State Building and the Brooklyn Bridge has 'zero' national monuments or icons."

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