Adviser Who Insulted Clinton Has Role in Transition  —  Samantha Power, the Harvard professor who was forced to resign from Barack Obama's presidential campaign last spring after calling Sen. Hillary Rodham Clinton “a monster,” is now advising the president-elect on transition matters relating …

Rubin, Under Fire, Defends His Role at Citi  —  ‘Nobody Was Prepared’ for Crisis of '08  —  Under fire for his role in the near-collapse of Citigroup Inc., Robert Rubin said its problems were due to the buckling financial system, not its own mistakes, and that his role was peripheral …

Bush Weighs In on His Legacy  —  As the clock ticks down on his days in the White House, President George W. Bush is taking part in one of his last presidential rituals — helping to shape the perception of his years in office.  —  In an interview conducted earlier this month by his sister …

What They Hate About Mumbai  —  MY bleeding city.  My poor great bleeding heart of a city.  Why do they go after Mumbai?  There's something about this island-state that appalls religious extremists, Hindus and Muslims alike.  Perhaps because Mumbai stands for lucre, profane dreams and an indiscriminate openness.

The Krugman Recipe for Depression  —  Massive government spending is no solution to unemployment.  —  Paul Krugman of the New York Times has been on the attack lately in regard to the New Deal.  His new book “The Return of Depression Economics,” emphasizes the importance of New Deal-style spending.

Wal-Mart Employee Trampled to Death by Customers  —  A Wal-Mart employee in suburban New York died after being trampled by a crush of shoppers who tore down the front doors and thronged into the store early Friday morning, turning the annual rite of post-Thanksgiving bargain hunting into a frenzy.

Bombay: wealthy owe lives to hotel's cummerbund heroes  —  Staff shielded guests from gunmen's bullets  —  They were heroes in cummerbunds and overalls.  The staff of the Taj Mahal Palace hotel saved hundreds of wealthy guests as heavily armed gunmen roamed the building, firing indiscriminately …

American Muslims Justify, Equivocate Mumbai Massacre [UPDATED, Bumped]  —  Samir Khan emerges from his parents' house in Charlotte, NC  —  Our nemesis Samir Khan [aka, “inshallahshaheed"] over at the “Ignored Puzzle Pieces of Knowledge” is talking about the Mumbai massacre over at this blog.

Self-Reliant Jen  —  In the Year of Bottomless Bailouts, I am most grateful this Thanksgiving for Americans who refuse to abandon thrift, personal responsibility and self-reliance.  When the moochers and entitlement-mongers drive you mad, remember that our nation still serves as home to millions of citizens who do for themselves.

Was the Great Depression a monetary phenomenon?  —  Sins of omission?  —  Has anyone else noticed that the current crisis sheds light on one of the great controversies of economic history?  —  A central theme of Keynes's General Theory was the impotence of monetary policy in depression-type conditions.