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Submission + - Kim Jong Il is dead (ap.org)

larry bagina writes: Kim Jong Il, that North Korean guy with the crazy hair, has died from "fatigue during a train ride" on Saturday. He suffered a stroke in 2008 and was rumored to have diabetes (and possibly syphilis given his erratic behavior).
The Almighty Buck

$700 Billion Bailout Signed Into Law 857

Many readers reminded us of what no-one can have failed to hear: that the Congress passed and the President signed a $700B bailout bill in an attempt to avert the meltdown of the US economy. The bill allocates $700 billion to the Treasury Department for the purchase of so-called "toxic assets" that have been weighing down Wall Street balance sheets. This isn't particularly a tech story, though tech will be affected as will virtually all parts of the economy, and not just in the US. Among the $110B in so-called pork added to the bill to sway reluctant legislators are extensions of popular tax benefits for business R&D and alternative energy, relief for the growing pool of people subject to the alternative minimum tax, and a provision raising the FDIC's ceiling of guaranteed deposits to $250,000. Some limits were also imposed on executive compensation, though it's unclear whether they will be effective.

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"All the people are so happy now, their heads are caving in. I'm glad they are a snowman with protective rubber skin" -- They Might Be Giants

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