Glow Fading?  —  The latest NEWSWEEK Poll shows Barack Obama leading John McCain by only 3 points.  What a difference a few weeks can make.  —  Jae C. Hong / AP  —  Poll Drop: Obama is down is the latest poll, but still shows signs of strength  —  A month after emerging victorious …

Newsweek Poll: Obama drops like a rock  —  Last month, Newsweek's poll surprised many by showing a huge gap between Barack Obama and John McCain, with the Democratic nominee-apparent enjoying a 15-point lead over the Republican.  One month later, Obama has lost all of the momentum and has dropped into a virtual tie with McCain.

More Iranian Fauxtography Discovered  —  (Hat tip: Fluffster.)  —  UPDATE at 7/11/08 1:54:59 pm:  —  Also see:  —  Attack of the Photoshopped Missiles (Updated).

IRAN MISSILE TEST BLUFF: OLD ROCKETS, BOGUS VIDEO  —  Many of Iran's claims related to missile tests during “Great Prophet III” war games — appear to be smoke and mirrors!  —  The missiles tested DID NOT not have 2,000-kilometer range, the NEW YORK TIMES is planning to report on Saturday.

The Iranian threat, real and Photoshopped  —  Wired's Noah Shachtman rounds up some of the better mockeries of Iran's attempt to Photoshop a failed missile launch into a success.  My favorite may be the old school approach of a Boing Boing commenter:  —  While the Photoshop folly is deserving …

Regulators Seize Mortgage Lender  —  Banking regulators seized IndyMac Bancorp, one of the country's largest mortgage lenders, on Friday evening.  —  The bank, a star in the subprime era, is the second largest ever to fail and the first major bank to shut its doors since the savings and loan crisis of the 1980s.