Top Items:
Bloomberg:
Secret Fed Loans Gave U.S. Banks Undisclosed $13B — The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing. — The Fed didn't tell anyone which banks …
RELATED:
Felix Salmon:
Chart of the day, Morgan Stanley bailout edition — Ladies and Gentlemen, this is what a lender of last resort looks like. What you're looking at here are three lines. The black line is Morgan Stanley's market capitalization, which tends to hover in the $40 billion range but which fell as low as $9.8 billion in November 2008.
Kevinliptak / CNN:
Barney Frank not seeking re-election in 2012 — Washington (CNN) - Massachusetts Congressman Barney Frank, a prominent 16-term liberal Democrat and arch-enemy of political conservatives nationwide, will announce Monday he does not intend to seek re-election in 2012, according to a statement from Frank's office.
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Boston Globe:
Barney Frank not to seek reelection in 2012 — On April 20, 2010, US Representative Barney Frank, then chairman of the House Financial Services Committee, struck the gavel during a hearing on the Lehman Brothers collapse — US Representative Barney Frank, the state's highest-profile congressman …
Ian Swanson / Ballot Box:
Rep. Frank won't run for reelection
Rep. Frank won't run for reelection
Discussion:
americanthinker.com and Sister Toldjah
Jessica Taylor / Hotline On Call:
Barney Frank Announces Retirement From Congress
Barney Frank Announces Retirement From Congress
Discussion:
The PJ Tatler, Patterico's Pontifications and Balloon Juice
Charles Franklin / Polls And Votes:
Recognition and Favorability of GOP2012 Candidates — The rise of Newt Gingrich over the past 10 days or so, now capped with a Manchester Union Leader endorsement, is the culmination of a months long rejuvenation process. In April Gingrich ran neck-and-neck with Mitt Romney in net favorability ratings …
Discussion:
New York Times and The American Prospect
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Kevinliptak / CNN:
Gingrich: I'm ‘a lot more conservative’ than Romney — (CNN) - Newt Gingrich went after candidates who “adopt radically different positions” Monday, positioning himself as a “conservative alternative” to fellow contender Mitt Romney in the race for the 2012 GOP presidential nomination.
Discussion:
Washington Monthly, GOP 12, Hot Air, Swampland and The Moderate Voice
Eason Jordan / Poll Position:
Gingrich 32%, Romney 23% — Newt Gingrich's surge to the top …
Gingrich 32%, Romney 23% — Newt Gingrich's surge to the top …
Discussion:
The Hill, Taegan Goddard's … and The Political Carnival
Neil Stevens / Neil_Stevens's blog:
The Union Leader's endorsement record
The Union Leader's endorsement record
Discussion:
unionleader.com, The New Republic, The Moderate Voice and Investor's Business Daily
oecd.org:
OECD calls for urgent action to boost ailing global economy — Decisive policies must be urgently put in place to stop the euro area sovereign debt crisis from spreading and to put weakening global activity back on track, says the OECD's latest Economic Outlook.
Discussion:
Money & Company, Payvand Iran News, Gothamist, Business Insider and msnbc.com
RELATED:
Liz Alderman / New York Times:
New Reports Warn of Escalating Dangers From Europe's Debt Crisis
New Reports Warn of Escalating Dangers From Europe's Debt Crisis
Discussion:
CANNONFIRE, Guardian, Early Warning and Business Insider
CTV.ca:
Canada to pull out of Kyoto Protocol next month … Date: Sun. — Canada will announce next month that it will formally withdraw from the Kyoto Protocol, CTV News has learned. — The Harper government has tentatively planned an announcement for a few days before Christmas, CTV's Roger Smith reported Sunday evening.
RELATED:
Wolfgang Münchau / Financial Times:
The eurozone really has only days to avoid collapse — In virtually all the debates about the eurozone I have been engaged in, someone usually makes the point that it is only when things get bad enough, the politicians finally act - eurobond, debt monetisation, quantitative easing, whatever.
RELATED:
David Dayen / Firedoglake:
Euro Watch: Days of Decision for Europe
Euro Watch: Days of Decision for Europe
Discussion:
Bloomberg, Eschaton and Agence France Presse
James Surowiecki / New Yorker:
AN AVOIDABLE CRISIS — The financial crisis in Europe …
AN AVOIDABLE CRISIS — The financial crisis in Europe …
Discussion:
Daniel W. Drezner
Paul Krugman / New York Times:
Things to Tax — The supercommittee was a superdud — and we should be glad. Nonetheless, at some point we'll have to rein in budget deficits. And when we do, here's a thought: How about making increased revenue an important part of the deal? — And I don't just mean a return to Clinton-era tax rates.
Thomas B. Edsall / Campaign Stops:
The Future of the Obama Coalition — For decades, Democrats have suffered continuous and increasingly severe losses among white voters. But preparations by Democratic operatives for the 2012 election make it clear for the first time that the party will explicitly abandon the white working class.
Ynetnews:
Iran: We'll fire 150,000 missiles at Israel if attacked — Defense minister Vahidi tells army volunteers ‘Israel has to be punished for what it has done to the Muslims in Palestine’ — Iranian Defense Minister General Ahmad Vahidi said Iran Independent News Service reported Sunday.
Discussion:
YID With LID, Bob Owens, The Gateway Pundit, Israpundit, americanthinker.com and HotAirPundit
Yossi Melman / Reuters:
Report: Explosion rocks Iran city of Isfahan, home to key nuclear facility — Semi-official Fars news agency says blast heard distinctly in several parts of the western Iran city; a uranium conversion plant near Isfahan went online in 2004. — An explosion rocked the western Iranian city …
Discussion:
Israel Matzav
NewsMax.com:
Bill Clinton: Hillary to Play ‘Major Role’ After She Leaves Obama Administration — More ways to share... Mixx — Stumbled — LinkedIn — Vine — Buzzflash — Newstrust — Technocrati — Forward Article — Former President Bill Clinton revealed in an exclusive Newsmax …
Discussion:
The Politico
Zaid Jilani / ThinkProgress:
Why We Occupy: Visualizing The 2012 Federal Discretionary Budget — One reason so many people have taken to the streets as part of the 99 Percent Movement is because of the country's lopsided priorities. The following graphic shows the makeup of federal discretionary spending in the Fiscal Year 2012 budget.
Discussion:
War in Context
E.J. Dionne Jr / Washington Post:
Divided moderates will be conquered — The deficit that should most worry us is a deficit of reasonableness. The problems the United States confronts are large but not insoluble. Yet sensible solutions that are broadly popular can't be enacted. — Why?
Discussion:
Booman Tribune, Smartypants, Los Angeles Times and Daily Kos