Time is off by one hour

“Time is now: 12th September 2008 - 10:40 AM”

I have GMT - 5 (Eastern) selected, with DST adjustment. But it’s 11:40 AM. What gives?

I read this topic listed on ‘View New Topics’ and thought oh crap, time is off by one hour – we’ve been wrong all this time!

But seriously I have no idea what’s wrong.