Mystery Missile Launch Seen off Calif. Coast  —  Military Mum on Nature of “Big Missile” Rising Out of Pacific - a Possible Show of U.S. Military Might  —  (CBS) A mysterious missile launch off the southern California coast was caught by CBS affiliate KCBS's cameras Monday night …

Sarah Palin, Media Critic  —  The former veep candidate (and journalism major) misleads readers on the WSJ with selective quotes  —  Aw, shucks.  —  Sarah Palin is “just a former governor and current housewife from Alaska, but even humble folks like (her) can read the newspaper.”  —  Reading's one thing.

For Indonesia and Obama, 4th Time's the Charm  —  JAKARTA, Indonesia — It is the presidential homecoming that wasn't meant to be.  —  Enlarge This Image  —  President Obama during a news conference with President Susilo Bambang Yudhoyono of Indonesia on Tuesday in Jakarta.

Ted Rall Book Excerpt: Let's Kill Some Christians and Tea Partiers  —  Ted Rall has a new book out titled The Anti-American Manifesto.  In it he makes an explicit call for a violent socialist revolution from within.  In case you think this is all a big joke, here's an excerpt from the book:

Cantor, Republicans signal Obama tax proposal is dead in the water  —  The Obama administration's hopes of reaching a tax deal with Republicans that would decouple rates on the rich from the middle class appear dead.  —  House GOP Whip Eric Cantor (Va.) threw cold water on the proposed plan …

Republicans May Yet Have Upper Hand in Senate  —  On paper, the numbers tell you the Democrats held on to a majority in the Senate last week.  —  In reality, things won't be quite that neat.  In fact, on some issues the Republicans actually may have a functional majority …

A New Bush, a Lot Like the Old One  —  He said he still felt sickened that no weapons of mass destruction were ever found in Iraq.  Yet former President George W. Bush said that his worst moment in the Oval Office came when the rap star Kanye West claimed that the president didn't care about black people.

Alvin Greene mulls presidential bid  —  'Maybe.  I'll have to see,' Alvin Greene said about running for president.  —  Alvin Greene might run for president.  —  Greene, the unlikely Democratic Senate nominee in South Carolina who lost overwhelmingly to Republican Sen. Jim DeMint last week …

Schools Chancellor Klein to Join News Corp.  —  New York City schools chancellor Joel Klein is resigning to join News Corp., ending an eight-year reign at the helm of the nation's largest school system.  —  In his place, Mayor Michael Bloomberg is expected to announce Cathie Black, chairwoman of Hearst Magazines.

Presidential Power Rankings  —  The Hotline assesses which potential White House contenders are most likely to win the 2012 Republican presidential nomination.  —  Welcome to The Hotline's inaugural edition of Presidential Power Rankings.  —  Who is best positioned to win the 2012 Republican presidential nomination?

LIFESTYLES OF THE RICH, THE FAMOUS, AND THE NEW JERSEY GOVERNORS.... New Jersey Gov. Chris Christie (R), a media darling and favorite of many Republican activists, has a penchant for complaining about wasteful government spending and public employees who abuse the system and fail to respect the taxpayers footing the bills.

Pelosi: Dems will work with new GOP majority when possible  —  Outgoing Speaker Nancy Pelosi (D-Calif.) said House Democrats would look to work with the GOP, when possible, during the next two years under her leadership.  —  Pelosi said Democrats would look to partner with the GOP on the issue …

Dems' leadership race turns bitter as Clyburn slams Hoyer's tactics  —  Rep. James Clyburn said Rep. Steny Hoyer's tactics are breaking with tradition and making Democrats uncomfortable.  —  The comments are the first hint of bitterness between Clyburn (S.C.) and Hoyer (Md.) …

Kaiser Health Tracking Poll — November 2010  —  The November 2010 tracking poll was conducted in the days following the mid-term election that resulted in major gains for Republicans, including a shift in control of the House of Representatives.  The survey attempts to gauge …

My Application for Peter Thiel  —  Via Twitter, I see that one of the questions Peter Thiel asks applicants to his fellowship program (which unlike some of his philanthropic endeavors sounds to me like a totally good idea) is “Tell us one thing about the world that you strongly believe is true, but that most people think is not true.”

A Spirited Talk with President Bush  —  BEGIN TRANSCRIPT  —  RUSH: We are happy, as we always have been, to welcome back to the program President George W. Bush.  Mr. Bush, welcome back, and thank you for giving us some time today, sir.  —  PRESIDENT BUSH: Rush, thank you.

Obama's Best Speech  —  In India, the president defended free markets, free trade and free societies.  —  Every now and then a columnist ought to shock and dismay his most faithful readers.  So here goes: Barack Obama gave a terrific speech yesterday to India's parliament …

NJ Transit Gets $271M Bill for Scrapped Tunnel  —  NEWARK, N.J., (AP) — NJ Transit owes the federal government $271 million for the Hudson River rail tunnel that Gov. Chris Christie scrapped last month.  —  The Federal Transit Administration on Monday sent the railroad the bill, saying interest and penalty charges will be added.