For months now, the Greek economy has been in freefall, bringing Europe and the rest of the world economy down with them. How did this happen? We contacted noted New York Times economist Paul Krugman and asked for his take. Until he gets back to us, we made up this list. (Come on, Krugman! This is the second time in a week! Call us back!)

Building on Toni Morrison declaring that Bill Clinton was "The First Black President," Newsweek this week declared Barack Obama "The First Gay President" on its cover. Given all the press that her magazine received for the cover, it's only a matter of time before Newsweek editor and media opportunist Tina Brown will try to duplicate this success with other ridiculous presidential covers.

We were saddened to learn of the passing of long-time MAD contributor Paul Laikin, who began writing for MAD back in 1957. Here's one of Paul's last MAD pieces, "Ronald Reagan's Gettysburg Address", from MAD #231, June 1982. Jack Rickard was the artist.

JPMorgan Chase, the country's largest bank, just announced they lost $2 billion, primarily in derivatives. Since no one on the face of the earth knows exactly what derivatives are, we suspect the bank is lying. We tasked esteemed New York Times economist Paul Krugman to get to the bottom of this financial debacle. He refused. So we made up this list.