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10:40 AM ET, November 26, 2008


 Top Items: 
Jonathan Weisman / Wall Street Journal:
Volcker Tapped for Advisory Role  —  Ex-Fed Chief to Lead New Economic Panel of Outside Experts Who Will Brief Obama  —  President-elect Barack Obama will appoint former Federal Reserve Chairman Paul Volcker on Wednesday to be the chairman of a new White House advisory board tasked with helping …
Mike Allen / The Politico:
Volcker will head new Obama board  —  President-elect Barack Obama on Wednesday will announce the creation of a president's Economic Recovery Advisory Board, chaired by former Federal Reserve Chairman Paul Volcker, to provide outside advice from heavyweight thinkers, officials said.
David Leonhardt / New York Times:
The Return of Larry Summers
Discussion: Economix
Obama on Auto Execs' Private Jets: ‘A Little Tone Deaf’  —  Excerpts from Barbara Walters' Exclusive Interview: President-Elect Reveals He Is Negotiating to Keep His Blackberry  —  The following are excerpts from Barbara Walters' interview with President-Elect Barack Obama, conducted Tuesday in Chicago.
Mark Silva / The Swamp:
Barack Obama chafes inside the ‘bubble’  —  Barack Obama wants his BlackBerry back - or at least some good way to communicate better with people outside the immediate circle of the president-elect.  —  And Obama isn't too impressed with the way that automakers have conducted themselves …
Sara Kugler / Associated Press:
Obama: bank execs shouldn't get bonuses this year  —  Featured Topics: - Barack Obama - Presidential Transition  —  CHICAGO - President-elect Barack Obama thinks bank executives should forgo their bonuses this year to show they are taking responsibility amid difficult economic times.
Juliet Eilperin / Washington Post:
White House Prods Allies to Oppose Limits on Greenhouse Gases
Discussion: The Raw Story
Jeanne Carstensen / Salon:
Why churches fear gay marriage  —  For author Richard Rodriguez, no one is talking about the real issues behind Proposition 8.  —  While conservative churches are busy trying to whip up another round of culture wars over same-sex marriage, Rodriguez says the real reason for their panic lies elsewhere …
Discussion: Swampland and The Daily Dish
Max Boot / Commentary:
Obama's Picks  —  According to the latest news reports, President-elect Obama will nominate a national security team next week that is stunning in its moderation.  The headliners-Bob Gates staying at Defense, Hillary Clinton becoming Secretary of State, retired General Jim Jones taking …
New York Times:
Obama Plans to Retain Gates at Defense Department
A. O. Scott / New York Times:
Freedom Fighter in Life Becomes Potent Symbol in Death  —  One of the first scenes in “Milk” is of a pick-up in a New York subway station.  It's 1970, and an insurance executive in a suit and tie catches sight of a beautiful, scruffy younger man — the phrase “angel-headed hipster” comes to mind — and banters with him on the stairs.
Scott / Power Line:
MINNESOTA SENATE RECOUNT, UPDATE VIII  —  The Franken campaign and its allies such as Minnesota Secretary of State Mark Ritchie and Hennepin County Attorney Mike Freeman are now focusing on rejected absentee ballots.  In today's Star Tribune Kevin Duchschere shows that Ritchie is improvising …
James C. Dobson, Ph.D. / CitizenLink:
Dr. Dobson: 'We Won't Be Silenced'  —  Washington Post columnist says the Republican Party must ditch God in order to survive.  —  So, Kathleen Parker has determined that getting rid of social conservatives and shelving the values they fight for is the solution to what ails the Republican Party ("Giving Up on God," Nov. 19).
Andrew Sullivan / The Daily Dish:
“Unlikely” Or Lesbian?  —  Every now and again, someone gets the fame they deserve.  Rachel Maddow is photographed by Roger Erickson for the Out 100 this year, the magazine's tally of the 100 gay people who made the biggest impact in America in 2008.  From Julia Baird's profile in Newsweek:
Discussion: Political Machine
Wall Street Journal:
Fed Aid Sets Off a Rush to Refinance  —  The Federal Reserve's attempt to stabilize the housing market set off a chain reaction across the U.S. on Tuesday, dropping interest rates and quickly spurring a burst of refinancing activity by borrowers eager to lower their mortgage costs.
Discussion: Portfolio
Fred Kaplan / Slate:
Beware Rumsfeld's Snow Job  —  The former defense secretary's revisionist op-ed.  —  Donald Rumsfeld is writing his memoirs, and if his op-ed in the Nov. 23 New York Times is any preview, it should be a classic of self-serving revisionism.  —  On the surface, the former defense secretary's piece seems …
Dietmar Hawranek / Spiegel Online:
German Auto Industry Facing the Abyss  —  More than 1.5 million workers in Germany depend on the automobile industry for their jobs.  But that industry is now facing one of its worst crises ever.  Respected giants BMW and Mercedes are particularly exposed as sales plummet.
Discussion: Daimnation!
Ilya Somin / The Volokh Conspiracy:
Obama Chief of Staff Hopes to Exploit the Economic Crisis to Expand the Growth of Government:  —  In earlier posts (e.g. - here and here) I have emphasized the risk that the combination of economic crisis and unified Democratic control of Congress and the White House would lead to a vast expansion of government.
Chris Johnson / Washington Blade:
Obama team denies it will delay 'Don't Ask' repeal  —  Gay service members see need to build support  —  A member of Barack Obama's transition team is denying media reports that the president-elect has decided to delay efforts to repeal “Don't Ask, Don't Tell” until 2010.
Discussion: Ben Smith's Blogs
Helene Cooper / New York Times:
For Biden, No Portfolio but the Role of a Counselor  —  WASHINGTON — The day before Joseph R. Biden Jr.'s birthday last week, Barack Obama surprised him after lunch with candlelighted cupcakes.  Within hours, the photograph of the president-elect and his running mate, smiling over the dessert, was on the evening news.
Discussion: TalkLeft
Pat Eaton-Robb / Associated Press:
Lieberman: Obama ‘about perfect’ in Cabinet picks  —  HARTFORD, Conn. - Connecticut Sen. Joe Lieberman took another step Tuesday toward mending his relationship with Democrats, saying that Barack Obama's actions since winning the presidency have been “just about perfect.”
Discussion: Shakesville and Firedoglake
Jane Black / Washington Post:
Americans' Food Stamp Use Nears All-Time High  —  Fueled by rising unemployment and food prices, the number of Americans on food stamps is poised to exceed 30 million for the first time this month, surpassing the historic high set in 2005 after Hurricane Katrina.
James Gordon Meek / NY Daily News:
Rangel paid Clinton lawyer six figures for ethics probe help  —  Veteran Harlem congressman Charlie Rangel speaks at the Harriet Tubman Memorial Dedication on Nov. 13.  He has released a statement saying he paid a lawyer known for fixing messes for Bill Clinton.
Discussion: Don Surber
New York Times:
Giant Stimulus Plan Proposed for Europe  —  BRUSSELS — Seeking to revive the region's rapidly deteriorating economy, the European Commission on Wednesday proposed a stimulus package totaling 200 billion euros, or $256.22 billion.  —  The commission, the executive arm of the European Union …
Discussion: Matthew Yglesias
Fausta / Fausta's Blog:
The Russia-Venezuela maneuvers in the Caribbean: 15 Minutes on Latin America  —  Just in time for the US holiday weekend, Russia and Venezuela are conducting joint military excercises in the Caribbean: … Following the APEC summit in Peru, where he signed agreements involving the transportation of gas …
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 More Items: 
Blasts bring chaos to Bangkok's airports
The Economists' Forum:
Knightian uncertainty and its implications for the TARP
Discussion: EconLog and Economist's View
Joby Warrick / Washington Post:
Brennan Withdraws From Consideration for Administration Post
Diana B. Henriques / New York Times:
First Audit Said to Cite Some Snags With Bailout
Discussion: naked capitalism
Katharine Q. Seelye / New York Times:
Obama Places Stringent Limits on Inaugural Contributions
Discussion: Donklephant
Jesse McKinley / New York Times:
Inquiry Set on Mormon Aid for California Marriage Vote
Discussion: Shakesville
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