What I’m Reading: Wednesday
The 2008 Financial Bailout is larger (even when adjusted for inflation) than our WWII expenditures:

Nokia launches the N97 QWERTY touch-screen smartphone:

Cicero and the Roman Credit Crunch, 88 BC:
“…Cicero, the Roman orator, gave a speech in 66BC in which he alluded to the credit crunch. Cicero was arguing that Pompey the Great should be given military command against Mithridates VI, king of Pontus on the Black sea coast of what is now Turkey. He reminded his audience of events in 88BC, when the same Mithridates invaded the Roman province of Asia, on the western coast of Turkey. Cicero claimed the invasion caused the loss of so much Roman money that credit was destroyed in Rome itself.”
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