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March 12, 2009
Posted: 1515 GMT

Hello everyone,

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,

Hala

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Filed under: Today At The I-Desk


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catherine stockholm   March 12th, 2009 5:23 pm ET

You go to your London correspondent to find out how the Madoff story is playing out in "Europe and the UK" ??
I thought we had moved beyond "fog in the channel, Continent isolated"
Catherine

Vicki S. Nikolaidis   March 13th, 2009 9:43 am ET

concerning the journalist who threw his shoes:
Mr al Zaidi spoke for a lot of people, millions in the world, when he shouted, "This is a farewell kiss, you dog, this is from the widows and orphans and those that were killed."
I was surprised that everyone else in the room didn't throw their shoes at Bush! The point wasn't to hit g.w.Bush, the point was to show disrespect, in a moment of explosive frustration.
Shouldn’t Mr. al Zaidi’s case be handled by the World Court due to it crossing international borders (the U.S. and Iraq). I assume Iraq is a sovereign nation. Mr. al Zaidi must be moved to safety so he can have his wounds attended to professionally and not face continuous assault in prison. Otherwise how can a fair trial proceed?
I would say it’s much worse to kill hundreds of thousands of innocent people with modern weaponry than to throw a pair of shoes. Some upside down logic is at work in this situation.
bush has shown no feelings of compassion what-so-ever for others, nor an ability to take personal responsibility for deaths of innocent people (not as a governor nor as a president). isn't there a name for that, something psychological?

Santosh   March 13th, 2009 10:49 am ET

Hi! Hala, You need to highlight, our world is full of CROOCKS, like MAD – OFFs, not only in USA, but every where.

The real issue, is these crooks sell their beautiful ideas, in National News Dailies under the nose of the POWER STATES like USA and other countries & they get away with it.

Please ensure,that the so called well wishers of people, the STATE and these NEWS DAILIES also takes responsibility.

The real victims are the unsuspecting pensioners. Pity.

My heart goes to the very smart man who could not control his emotions when he was talking to your correspondant.

Please high light the punishment, that every penny of these MAD – OFF's are attched to these cases.

sharon kitchen   March 19th, 2009 3:12 pm ET

This was a sign of disrespect. He lied to get us into war. A lot of good people have died/been horribly injured. I guess he may be ashamed........but I even doubt that now. Cheney wanted the war, bushy authorized it.
2- bush also signed all types of laws we are just now finding out about that would directly affect the U.S. ciitzens freedom of speech,etc.

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