Obama's Wall Street problem  —  The giant $2 billion trading loss at JPMorgan Chase highlights a central problem in President Barack Obama's case for a second term: Four years after the financial crisis nearly brought the nation to its knees, very little appears to have changed.

U.S. Acceptance of Gay/Lesbian Relations Is the New Normal  —  For third year, majority says gay/lesbian relations are morally acceptable  —  PRINCETON, NJ — The slight majority of American adults, 54%, consider gay or lesbian relations morally acceptable.

The un-McCain campaign  —  Mitt Romney and his top aides are building a strategy, partly by design and partly because of circumstance, around what they consider John McCain's disastrously run campaign in 2008.  —  The strategy: whatever McCain did, do the opposite.

Obama targets Romney tenure at Bain Capital with new ad, website  —  President Obama is taking dead aim at Mitt Romney's record helming Bain Capital, debuting a new television ad, online video, and website that each depict the private equity firm as predatory and having engaged in “questionable business practices.”

Andrew Sullivan on Barack Obama: The First Gay President  —  The president's bold support shifted the mainstream.  Andrew Sullivan on why it shouldn't be surprising—Obama's life as a biracial man has deep ties to the gay experience.  —  It was the spring of 2007, back when Barack Obama's bid …

Outsiders' money to play role again  —  Less than six months remains before the Nov. 6 retention vote.  Wiggins does not yet have a campaign committee or any specific plan to convince voters that he deserves to keep his job.  Instead, the justice says his chief focus remains on writing …

As European Austerity Ends, So Could the Euro  —  The euro currency is a malady that condemns at least a generation of Greeks, Italians, Spaniards, Portuguese and Irish to the economic infirmary.  —  In these nations, unemployment rates are now at their highest levels in recent decades …

Brown Tax Increase Gains Urgency as Deficit Rises to $16 Billion  —  California Governor Jerry Brown bet that a nascent financial recovery would lift the world's ninth- largest economy enough to whittle down a $9.2 billion deficit.  Instead, the gap has widened to $16 billion.

Eurodämmerung  —  Some of us have been talking it over, and here's what we think the end game looks like:  —  1. Greek euro exit, very possibly next month.  —  2. Huge withdrawals from Spanish and Italian banks, as depositors try to move their money to Germany.  —  3a.

Report says 230,000 unemployed losing benefits over weekend  —  More than 230,000 unemployed workers will lose their jobless benefits this weekend as portions of federal programs expire across several states.  —  All told, 409,300 long-term unemployed Americans in 27 states will have lost upward …