Things worth reading: 29th March 2009

Biggest news of the year so far, apart from the collapse of the financial system, is that the Canadians have found a vast computer spy network, according to New York Times.

"In a report to be issued this weekend, the researchers said that the system was being controlled from computers based almost exclusively in China, but that they could not say conclusively that the Chinese government was involved."

Woooohhh ... scary! 

Especially when the NYT headline reckons they've been looting data from over 100 countries. 

Wowser!

In other headlines:

• It's time to admit inflation is going to be a major problem (Telegraph)
• Folies (Bergere) bows out amid credit crisis (BBC)
• Geithner: The Regulatory War Ahead (Business Week)
• New reserve currency idea needs work-German minister (Reuters)
• World must put its faith in technology (Times)

Quite a few comments on the build up to Thursday's G20 Summit:

• Thousands demonstrate ahead of G20 summit (Financial Times)
• Brown warns against G20 ‘cynicism’
  (Financial Times)
• History shows G20 must stand united (Telegraph)

And, as highlighted on Andrew Marr's Show this morning, one of the weirdest stories is about "Rescued animals targeted for dinner tables" (Telegraph):

"They'll call round or phone and say they are interested in taking one of
our rescue cows or pigs or goats or whatever, then within a minute or two
they'll ask if the animal they have chosen is safe to eat."

But after reading Bank CEOs express support for Obama's plans in Welt Online, I've been watching CNBC's excellent news coverage of the US Bank CEO's meeting with Barack Obama on Friday.

Here's what Jamie Dimon had to say about it:

And Ken Lewis:

They also caught Vikram Pandit briefly, before running a detailed analysis over the whole affair:

Tres bon.