March 12, 2009
Posted: 1515 GMT
Topping our rundown today is admitted swindler Bernie Madoff's guilty plea to 11 counts of fraud, theft and money laundering.
He faces up to 150 years in prison.
We're covering every angle of the worldwide scheme that cost unsuspecting investors tens of billions of dollars. We'll be live at the New York courthouse where Madoff told a judge he was deeply ashamed of his actions, to London, where investigators say Madoff took his scam on the road.
Also today, I'll chat about the latest weekly jobless numbers with Stephanie Elam. 654,000 Americans filed for unemployment benefits last week. This is not a blip: the number is up 88% from the same week last year. This recession is vibrant and swallowing huge chunks of the economy as it rages on.
Speaking of economic worries, U.S. Treasury Secretary Tim Geithner is testifying on Capital Hill again today. He's warning the short term spending spikes are just that: short term. In other words, that stimulus money might not last as long as the recession. If it dries up before a rebound, we might soon be in much bigger trouble than we are now.
Also at the I-Desk, we'll be going live to Afghanistan where Paula Newton will tell us more on the Taliban's presence right outside Kabul. More than seven years after they were dislodged from power, the Taliban are still strong and inching back toward the capital.
And the Iraqi shoe-thrower gets 3 years in jail for hurling footwear at former U.S. President George Bush. That's 18 months per shoe. We'll break it down with Nic Robertson.
See you on the air,
International Desk brings viewers into the heart of the largest news gathering operation in the world. Viewers don't come here to watch the news; they come here to be immersed in it. To feel the rush of being the first to know what's happening as stories break, and to leave knowing they've gotten the best and latest information available. The show airs Mon-Fri at 1900 CET.