Volcker Tapped for Advisory Role  —  Ex-Fed Chief to Lead New Economic Panel of Outside Experts Who Will Brief Obama  —  President-elect Barack Obama will appoint former Federal Reserve Chairman Paul Volcker on Wednesday to be the chairman of a new White House advisory board tasked with helping …

Joe Klein's extreme revisionism  —  (updated below)  —  Joe Klein, this week's Time Magazine, on George Bush's legacy: … Joe Klein, Face the Nation, May 4, 2003, with Bob Schieffer — 3 days after Bush's Mission Accomplished speech: … I'm glad that many people, including some journalists …

Exclusive: NY Rail Plot Details Based on ‘Reliable’ FBI Source  —  New Information in Last 48 Hours Led to Public Warning  —  Uniformed police officers have flooded New York City's Penn Station, home to the Long Island Rail Road, following a warning from the FBI of a “plausible but unsubstantiated” …

MINNESOTA SENATE RECOUNT, UPDATE VIII  —  The Franken campaign and its allies such as Minnesota Secretary of State Mark Ritchie and Hennepin County Attorney Mike Freeman are now focusing on rejected absentee ballots.  In today's Star Tribune Kevin Duchschere shows that Ritchie is improvising …

Why churches fear gay marriage  —  For author Richard Rodriguez, no one is talking about the real issues behind Proposition 8.  —  While conservative churches are busy trying to whip up another round of culture wars over same-sex marriage, Rodriguez says the real reason for their panic lies elsewhere …

Send Bill Clinton to the Senate  —  Amid the blizzard of résumés blanketing Washington as the Obama era dawns, there is a superbly qualified candidate for full employment whose name has been overlooked.  We refer, of course, to William Jefferson Clinton, America's 42nd chief executive and commander in chief.

Michelle Obama's ‘Mommy’ Stamp  —  When Michelle Obama took to describing her new role as mom in chief, my first reaction was to wince at her words.  My second reaction was to identify with them.  —  I was okay, actually, with what Obama said.  But I worried: Did she have to say it out loud, quite so explicitly?

Keeping Gates Signals Change  —  Keeping Bob Gates as Secretary of Defense was the most dramatic signal Barack Obama could have sent that he intends to implement major changes in defense policy.  That may sound counterintuitive, but it has the virtue of being true.

“Unlikely” Or Lesbian?  —  Every now and again, someone gets the fame they deserve.  Rachel Maddow is photographed by Roger Erickson for the Out 100 this year, the magazine's tally of the 100 gay people who made the biggest impact in America in 2008.  From Julia Baird's profile in Newsweek:

Democrats may play hardball in Pennsylvania  —  MSNBC's Chris Matthews could be in the mix of candidates hoping to win Republican Sen. Arlen Specter's seat in 2010.  —  Reporting from Washington — The Northeast's dwindling cast of Senate Republicans has Democrats circling Arlen Specter's seat …

Where's Sock Puppet's Bailout?  —  Live from Congress, the infamous Pets.com mascot, Sock Puppet, comes to lobby Washington for a bailout.  —  Approximately two minutes and 20 seconds.  —  To embed this video at your website, go here.  —  “Where's Sock Puppet's Bailout?” was written and produced by Ted Balaker.

Obama's Foreign Policy: Buying in at the Bottom  —  In the spring of 1977, Menachem Begin was elected prime minister of Israel and surprised everyone by choosing as his foreign minister not someone from his own Likud Party, but a star of the opposing Labor Party, Moshe Dayan.

Fed Aid Sets Off a Rush to Refinance  —  The Federal Reserve's attempt to stabilize the housing market set off a chain reaction across the U.S. on Tuesday, dropping interest rates and quickly spurring a burst of refinancing activity by borrowers eager to lower their mortgage costs.

55 days to Inauguration — Obama daughters will make their beds, do chores in the White House — President-elect speaks at 10:45 a.m. ET — Obama to Britain on April 2  —  Paul Volcker to head new White House body of economic wisefolks, the President's Economic Recovery Advisory Board …

Re: Which History?  —  Mark K, while I was down in Australia a while back, they had a big Education Summit going on, and the then Prime Minister, the great John Howard, used a marvelous phrase to me about how they wanted to teach Oz history — as an “heroic national narrative”.  We don't do that.

White House Prods Allies to Oppose Limits on Greenhouse Gases  —  As the Bush administration prepares to issue its ruling on whether to limit greenhouse gases, it's sending out a message to some of its allies: Tell us how much you don't want us to regulate emissions linked to global warming.

Harris Co. GOP asks judge to resign over racist e-mail  —  The Harris County Republican Party chairman is calling for a GOP misdemeanor court judge to resign because, using the courthouse computer system, he circulated e-mail in 2006 that ridiculed blacks, Hispanics, women and gays and contained a racial slur.

Feature: “'Atlas Shrugged' Updated for the Current Financial Crisis” by Jeremiah Tucker (11/20/08)  —  1.  —  “Damn it, Dagny!  I need the government to get out of the way and let me do my job!”  —  She sat across the desk from him.  She appeared casual but confident …

State of New Jersey Is Insolvent  —  The state of New Jersey is insolvent.  Bankrupt might be a better word.  New Jersey is $60 billion in the hole on pension funding and the Governor is planning on skipping payments in a “pension payment holiday” until 2012 so as to not increase property taxes.

So Who Picked Up the Tab?  —  More questions are being raised about the doubtful ethics of Representative Charles Rangel of New York, the chairman of the tax-writing House Ways and Means Committee.  The latest sniff of scandal — a breakfast meeting with a donor seeking tax protection …