Person of the Year 2008  —  INSIDE:

Blago drama for Obama  —  President-elect Barack Obama's incoming chief of staff, Rahm Emanuel, was pushing for Obama's successor just days after the Nov. 4 election, sources told the Chicago Sun-Times.  —  Emanuel privately urged Gov. Blagojevich's administration to appoint Obama confidante Valerie Jarrett …

Nepotism Nation: Dems embrace dynasty politics  —  Barack Obama's path to the presidency included beating what had been one of the nation's most powerful families.  But, in an unusual twist, his election last month is helping accelerate the trend toward dynasty politics.

SEC Ignored Credible Tips About Madoff, Chief Says  —  The nation's chief securities regulator said yesterday it was “deeply troubling” that his agency had failed to catch perhaps the largest Ponzi scheme in history despite “credible and specific allegations . . . repeatedly brought …

Holder omitted Blagojevich link from questionnaire  —  Announced as a ‘special investigator to the Illinois Gaming Board’ in 2004  —  Before Eric Holder was President-elect Barack Obama's choice to be attorney general, he was Gov. Blagojevich's pick to sort out a mess involving Illinois' long-dormant casino license.

Bush Prepares Crisis Briefings to Aid Obama  —  WASHINGTON — The White House has prepared more than a dozen contingency plans to help guide President-elect Barack Obama if an international crisis erupts in the opening days of his administration, part of an elaborate operation devised to smooth …

George Tenet, Drunk in Bandar's Pool, Screaming about Jews  —  I just picked up Patrick Tyler's forthcoming book, A World of Trouble, about America's tortured relations with the Middle East, and the prologue contains this whopper of a scene, one that is quite devastating, if true …

Obama's Pressers: No Comment — and NoDoz  —  A month from now, the nation will say farewell to its sports-obsessed president who doesn't like tough questions.  And it will replace him with, well, another sports-obsessed president who doesn't like tough questions.

Bush Abortion Rules Face Possible Reversal  —  Obama Team Looks at Regulation Set to Be Finalized This Week Letting Medical Staff Refuse to Take Part in Practices They Oppose  —  WASHINGTON — The outgoing Bush administration this week will finalize a regulation establishing a “right of conscience” …

RUDY TO RADIO?  —  EVERYONE knows Bill O'Reilly is quitting his radio show to concentrate on his Fox News TV program.  Now, Page Six has learned the leading candidate to succeed him is Rudy Giuliani (above).  Westwood One, which syndicates the O'Reilly show, is negotiating with the former mayor.

Obama's e-mails raise cash, concerns  —  Want a sleek Obama '08 coffee mug, a four-year calendar with pictures of Barack Obama on the campaign trail, or a blue T-shirt with “Change Can Happen” emblazoned under stylized photos of the incoming president and vice president?  —  You'll have to hurry.

MEDIAN WAGES....So let's assume that we manage to stabilize the economy sometime soon via whatever combination of stimulus spending, tax cuts, and bailouts you think is best.  What's next?  Where will demand come from to get the economy moving normally again?  Paul Krugman comments:

Who Will Bail Out Uncle Sam?  —  By EXAMINER EDITORIAL HOT ZONE  —  The United States of America is bankrupt.  Don't believe it?  Consider this: Federal obligations now exceed the collective net worth of all Americans, according to the New York-based Peter G. Peterson Foundation.

Scientists Call AP Report on Global Warming ‘Hysteria’  —  Scientists skeptical of the assertion that climate change is the result of man's activites are criticizing a recent Associated Press report on global warming, calling it “irrational hysteria,” “horrifically bad” and “incredibly biased.”

Insurer: Victims of Houston office fire died from ‘pollution’  —  Company says smoke that killed 3 was ‘pollution’  —  An insurance company with a potential $25 million liability from a 2007 Houston office fire is claiming smoke that killed three people was “pollution” …

Bush says sacrificed free-market principles to save economy … US President George W. Bush said in an interview Tuesday he was forced to sacrifice free market principles to save the economy from “collapse.”  —  “I've abandoned free-market principles to save the free-market system,” …