A ‘coup’ in Honduras?  Nonsense.  —  Don't believe the myth.  The arrest of President Zelaya represents the triumph of the rule of law.  —  TEGUCIGALPA, HONDURAS -  —  Sometimes, the whole world prefers a lie to the truth.  The White House, the United Nations, the Organization of American States …

That '30s Show  —  O.K., Thursday's jobs report settles it.  We're going to need a bigger stimulus.  But does the president know that?  —  Let's do the math.  —  Since the recession began, the U.S. economy has lost 6 ½ million jobs — and as that grim employment report confirmed …

Court Filing Shows Evidence Cheney Swayed White House Response to CIA Leak  —  Discussions of CIA Agent Listed in Filing  —  A document filed in federal court this week by the Justice Department offers new evidence that former vice president Richard B. Cheney helped steer …

Report: U.S. to block Iran sanctions at G8 summit  —  The United States is opposed to enacting a new set of financial sanctions against Iran that are due to be discussed in the G8 summit next week, diplomatic officials in New York reported Friday.  —  According to officials, sanctions against Iran are expected to top the G8's agenda.

Al Franken, Policy Wonk  —  Amy Klobuchar (D-MN) welcomed her new colleague Al Franken to the Senate with a fairly rude remark: “It's important he go against the grain of his past career and really get to know the issues.”  As Jon Chait says: … I have met Franken, years ago …

New Evidence on the Foreclosure Crisis  —  Zero money down, not subprime loans, led to the mortgage meltdown.  —  Printer  —  Friendly  —  What is really behind the mushrooming rate of mortgage foreclosures since 2007?  The evidence from a huge national database containing millions …

Obama, Party Tout Lower Figure for Health Reform  —  Senate Democrats and President Obama, trying to assuage fears about the cost of health reform, yesterday touted new estimates that put the price tag for one bill at $611 billion over the next decade.  —  But the measure drafted …

Christian Left Mounts Political Campaigns  —  Randy Brinson, a conservative political consultant in Alabama, has been fielding anxious calls for weeks from business interests across the South.  —  Their concern is massive ad blitz on Christian and country-music stations across 10 states.

Smells like deflation  —  The grim jobs number wasn't the only scary thing in today's BLS report.  Here's the rate of wage change over the past three months, expressed as an annual rate: Bear in mind that inflation usually runs below the rate of wage change, thanks to productivity growth.

Chinese Fireworks Display  —  On July Fourth, we think about our country and its future.  But these days it's impossible to think about America and its future role in the world without also thinking about China.  This was the subject of a combative discussion this week at the Aspen Ideas Festival.

Administration, Lobbyist, Journalist: Who Can Tell the Difference?  —  The news cycle these days is like time-lapse photography.  Stories are born, flower and pass out of sight again in a matter of hours.  For that matter, the Washington Post's “Salon” program didn't last much longer than that.

Bibi's Choice  —  Israel approaches a moment of decision on Iran's nuclear threat.  —  Don't be misled by how little was said about Iran in the major speeches recently delivered by President Barack Obama at Cairo University and Israeli prime minister Benjamin Netanyahu at Bar-Ilan University.

Seven banks fail, pushing 2009 tally to 52  —  Regulators close six Illinois banks and one Texas bank, setting the FDIC back a total of $314.3 million.  —  NEW YORK (CNNMoney.com) — Seven banks were shut down by authorities Thursday, pushing the tally of failed banks for 2009 to 52, more than doubling the failures in 2008.

Kristol vs Schmidt, Round 2  —  The war of words between conservative columnist Bill Kristol and Steve Schmidt, former campaign manager for John McCain's 2008 presidential bid, has ensnared another senior adviser, Mark Salter, who has come to Schmidt's defense after a recent appearance by Kristol on “Fox & Friends”.

You Know The Real Reason Why Time Mag Is Going Down the Drain?  The Content!  —  For all the tears that get shed over the beginning of the middle of the end for Mr. Luce's mag and newsweeklies in general, one obvious explanation generally gets glossed over: They are mostly written …

Survivor still haunted by 1971 air crash  —  MUNICH, Germany (CNN) — Juliane Koepcke is not someone you'd expect to attract attention.  Plainly dressed and wearing prescription glasses, Koepcke sits behind her desk at the Zoological Center in Munich, Germany, where she's a librarian.

NY City Apartment Sales Down More Than 50%  —  Manhattan apartment sales plunged more than 50 percent and the average price dropped 21.4 to 24 percent from a year ago, as the U.S. recession forced many who own a piece of the Big Apple to eat humble pie, several reports said.

Battle lines drawn in AmeriCorps IG scandal  —  Key Republicans in both the House and the Senate are accusing the White House of giving “incomplete and misleading” information to investigators probing the president's abrupt firing of AmeriCorps Inspector General Gerald Walpin.

Judge admonished for explicit pics on Web site  —  WASHINGTON (CNN) — A judicial council on Thursday admonished the chief judge of the nation's largest federal appeals court for having “sexually explicit photos and videos” on his personal Web site, but decided against any further punishment.

Book Review: ‘The Waxman Report’ by Henry Waxman  —  How Congress Really Works By Henry Waxman with Joshua Green  —  Twelve.  235 pp.  $24.99  —  Henry Waxman is to Congress what Ted Williams was to baseball — a natural.  As you read this nicely proportioned, fast- paced book …

New GOP ad: The stimulus isn't working  —  From Boehner's office, an odd, hokey first effort at pushing a meme that could deliver the House to the GOP if it's still true next November.  There's too much in the way here to focus on the message — split-screen, soundtrack, cornpone narrator …

‘Rogue broker’ blamed for oil spike  —  The startling spike in oil prices to their highest level this year on Tuesday was caused by a rogue broker who placed a massive bet in the Brent oil market, triggering almost $10m (€7m) of losses for his company.  —  PVM Oil Associates …

Green Power Takes Root in the Chinese Desert  —  A series of projects is under construction to the southeast of Dunhuang, including one of six immense wind power projects now being built around China.  Here, a worker measures the interior of a tower that will support a wind turbine.  More Photos >