Top Items:
Daniel Stone / Newsweek:
Even Dr. Doom Likes Them — Renowned economic pessimist Nouriel Roubini approves of Obama's picks, but they face grave challenges ahead. — President-elect Barack Obama's administration's reaction to the current economy would have to be, in his words, “swift and bold.”
Discussion:
New York Times, Salon, Taylor Marsh, Real Time Economics, Guardian, The Reaction and Wall Street Journal
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Andrew Ross Sorkin / New York Times:
Where Was Geithner in Turmoil? — President-elect Barack Obama unveiled on Monday an economic team with deep experience handling economic crises. But does the man at the center of this star-studded cast, Timothy F. Geithner, the nominee for Treasury secretary, have what is needed to take the nation in a new financial direction?
Discussion:
The New Republic, naked capitalism, NewsBusters.org, The Washington Independent, The Big Picture and Kevin Drum
Alexander Bolton / The Hill:
For Collins, forgiveness may be tough — The tactics used by Democrats to secure at least 58 Senate seats may have damaged their chances of winning vital support from Sen. Susan Collins (R-Maine) in key votes in the 111th Congress. — Collins told colleagues at a small Senate prayer breakfast meeting …
Discussion:
DownWithTyranny!, Booman Tribune, Betsy's Page, QandO, www.redstate.com, Soccer Dad and Don Surber
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Mark Preston / CNN:
Palin to hit campaign trail in Georgia — WASHINGTON (CNN) — Republican vice presidential nominee Sarah Palin will make multiple campaign appearances on behalf of Sen. Saxby Chambliss next week in Georgia, serving as the political closer for the GOP senator who is battling to win a second term.
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Melinda Henneberger / Slate:
Obama's threat to Catholic hospitals and their very serious counterthreat. — When I saw the Catholic bishops had declared war on President-elect Obama at their semiannual meeting in Baltimore two weeks ago, my first reaction was pique: Gosh, guys, it isn't even parade day yet, and here you are, all dressed up and ready to rain on it.
Ezra Klein / American Prospect:
THE BEST AND THE BRIGHTEST. — “Isn't it amazing,” asks Krugman, “just how impressive the people being named to key positions in the Obama administration seem? Bye-bye hacks and cronies, hello people who actually know what they're doing. For a bunch of people who were written off …
Eric Dash / New York Times:
Saving Citi May Create More Fear — One bailout was not enough for Citigroup. And it may not be enough for other big banks. — While Citigroup's second multibillion-dollar rescue from Washington hit Wall Street like a shot of adrenaline on Monday, many analysts worried that the jolt would soon wear off.
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David Zucchino / Los Angeles Times:
Injured veterans engaged in new combat — In a little-noticed regulation change, the Pentagon's definition of combat-related disabilities is narrowed, costing some wounded veterans thousands of dollars in lost benefits. — Marine Cpl. James Dixon was wounded twice in Iraq — by a roadside bomb and a land mine.
David Kocieniewski / New York Times:
The Congressman, the Donor and the Tax Break — Representative Charles B. Rangel has helped raise $11 million for a City College of New York school of public service to be named in his honor. In recent months, as questions have emerged about his fund-raising, he has insisted that he has kept …
Wall Street Journal:
Why Don't We Hang Pirates Anymore? — It's a safe bet, dear reader, that the title of this column has caused you to either (a) roll your eyes and wonder, What century do you think we're living in? or (b) scratch your head and ask, Yes, why don't we? Wherever you come down …
Discussion:
Betsy's Page
New York Post:
WE HEAR . . . WE HEAR — THAT although we didn't think it would be pos sible to silence Ann Coulter, the leggy reaction- ary broke her jaw and the mouth that roared has been wired shut . . . THAT the Tel Aviv Hilton was abuzz Saturday with the arrival of Ben Stiller, Chris Rock …
Drudge Report:
RUSSIAN ANALYST PREDICTS DECLINE AND BREAKUP OF USA — A leading Russian political analyst has said the economic turmoil in the United States has confirmed his long-held view that the country is heading for collapse, and will divide into separate parts. — Professor Igor Panarin …
Seema Mehta / Los Angeles Times:
Claremont parents clash over kindergarten Thanksgiving costumes — Some say having students dress up as pilgrims and Native Americans is ‘demeaning.’ Their opponents say they are elitists injecting politics into a simple children's celebration. — For decades, Claremont kindergartners …
Discussion:
Classical Values, JammieWearingFool, American Power, Don Surber, The Anchoress and INSTAPUTZ
John McCain / Nielsen Wire:
How Obama's Local Buys Added Up — Nielsen's final look at ad buys by the 2008 Presidential candidates proved one famous mantra: politics really are local. — President-elect Barack Obama placed 155% more spot TV ads than John McCain during the general election season (6/08 to 11/08) …
John B. Taylor / Wall Street Journal:
Why Permanent Tax Cuts Are the Best Stimulus — Short-term fiscal policies fail to promote long-term growth. — The incoming Obama administration and congressional Democrats are now considering a second fiscal stimulus package, estimated at more than $500 billion, to follow the Economic Stimulus Act of 2008.
Corey Boles / Wall Street Journal:
Obama Sets Budget Plan — WASHINGTON — President-elect Barack Obama Tuesday named Congressional Budget Office chief Peter Orszag as Office of Management and Budget director, a key post in the incoming administration's drive to reform the federal budget. — Mr. Obama also tapped former …
Carol Marbin Miller / MiamiHerald.com:
Florida ban on gay adoptions ruled unconstitutional — Miami-Dade Circuit Judge Cindy Lederman Tuesday declared Florida's 30-year-old ban on gay adoptions unconstitutional — a ruling state lawyers immediately said they would challenge. — The ruling sets the stage for Frank Gill …
Discussion:
The Bilerico Project
Board of Governors of the Federal Reserve System:
For release at 8:15 a.m. EST — The Federal Reserve announced on Tuesday that it will initiate a program to purchase the direct obligations of housing-related government-sponsored enterprises (GSEs)—Fannie Mae, Freddie Mac, and the Federal Home Loan Banks—and mortgage-backed securities …
Cornelia Dean / New York Times:
A Soldier, Taking Orders From Its Ethical Judgment Center — ATLANTA — In the heat of battle, their minds clouded by fear, anger or vengefulness, even the best-trained soldiers can act in ways that violate the Geneva Conventions or battlefield rules of engagement. Now some researchers suggest that robots could do better.
Discussion:
JustOneMinute
Barry Ritholtz / The Big Picture:
Big Bailouts, Bigger Bucks — Whenever I discussed the current bailout situation with people, I find they have a hard time comprehending the actual numbers involved. That became a problem while doing the research for the Bailout Nation book. I needed some way to put this into proper historical perspective.
John Tierney / TierneyLab:
Bettors Beat Pundits — We debated the merits of collective wisdom earlier this year, after the bettors in the the Intrade online prediction market wrongly picked Barack Obama to win the New Hampshire primary. The bettors are looking more savvy now that the election's over and the last undecided state …
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