After guaranteeing its banks' debts in October 2008, Ireland announced this weekend that it applied for a multibillion-Euro bailout package from the European Union and the International Monetary Fund. Don't freak out, though! The corporate tax rate won't be raised.

Simon Johnson was the top economist at the International Monetary Fund for a while, so he definitely knows what it looks like when plutocrats destroy an economy. He's written a lengthy Atlantic story on how we are all fucked.

We have a Secretary of the Treasury! The Senate voted in Tim Geithner, despite the New York Fed chief's failure to pay $34,000 in taxes. "An honest mistake," says the White House's top flack. Oh?