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11:40 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 …
Washington Wire:
Live-Blogging Obama's News Conference — Day Three  —  For the third time in as many days, President-elect Barack Obama will be holding a news conference in Chicago to announce appointments to his economics team and field questions from reporters.  —  Today's event, in Chicago at 10:45 EST …
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.
Carl Hulse / New York Times:
‘Recovery’ Is in; ‘Stimulus’ Is So Seven Months Ago  —  WASHINGTON — Democrats are bailing out on the word “stimulus.”  —  In a notable shift, Congressional leaders and officials of the incoming Obama administration are actively trying to retire that term and use the more marketable …
Discussion: Gawker and Free exchange
David Leonhardt / New York Times:
The Return of Larry Summers
Discussion: Real Time Economics and Economix
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 …
Mike Allen / The Politico:
55 days to Inauguration — Obama daughters will make their beds, do chores in the White House — President-elect speaks at 10:45 a.m. ET — Obama to Britain on April 2  —  Paul Volcker to head new White House body of economic wisefolks, the President's Economic Recovery Advisory Board …
Juliet Eilperin / Washington Post:
White House Prods Allies to Oppose Limits on Greenhouse Gases  —  As the Bush administration prepares to issue its ruling on whether to limit greenhouse gases, it's sending out a message to some of its allies: Tell us how much you don't want us to regulate emissions linked to global warming.
Glenn Greenwald / Salon:
Joe Klein's extreme revisionism  —  Joe Klein, this week's Time Magazine, on George Bush's legacy: … Joe Klein, Face the Nation, May 4, 2003, with Bob Schieffer — 3 days after Bush's Mission Accomplished speech: … I'm glad that many people, including some journalists …
Discussion: The E&P Pub
Joe Klein / Time:
Bush's Last Days: The Lamest Duck
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
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.
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 …
Ruth Marcus / Washington Post:
Michelle Obama's ‘Mommy’ Stamp  —  When Michelle Obama took to describing her new role as mom in chief, my first reaction was to wince at her words.  My second reaction was to identify with them.  —  I was okay, actually, with what Obama said.  But I worried: Did she have to say it out loud, quite so explicitly?
Discussion: Commentary and Eschaton
New York Times:
So Who Picked Up the Tab?  —  More questions are being raised about the doubtful ethics of Representative Charles Rangel of New York, the chairman of the tax-writing House Ways and Means Committee.  The latest sniff of scandal — a breakfast meeting with a donor seeking tax protection …
Discussion: The Daily Politics
James Gordon Meek / NY Daily News:
Rangel paid Clinton lawyer six figures for ethics probe help
Discussion: Don Surber
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
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 and Free exchange
Associated Press:
Feds warn of terror plotting against NYC subways  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - Federal authorities are warning law enforcement personnel of a possible terror plot against the New York City subway system during the holiday season.
Discussion: Hot Air and On Deadline
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).
Michael Shedlock / Mish's Global Economic …:
State of New Jersey Is Insolvent  —  The state of New Jersey is insolvent.  Bankrupt might be a better word.  New Jersey is $60 billion in the hole on pension funding and the Governor is planning on skipping payments in a “pension payment holiday” until 2012 so as to not increase property taxes.
Discussion: EconLog
Washington Post:
Send Bill Clinton to the Senate  —  Amid the blizzard of résumés blanketing Washington as the Obama era dawns, there is a superbly qualified candidate for full employment whose name has been overlooked.  We refer, of course, to William Jefferson Clinton, America's 42nd chief executive and commander in chief.
Discussion: Hot Air and Political Machine
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.
Discussion: Sister Toldjah
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 More Items: 
Associated Press:
Obama meets with governors on economy
Discussion: Emptywheel
Josh Drobnyk / Los Angeles Times:
Democrats may play hardball in Pennsylvania
Discussion: and FishBowlDC
Robert D. Kaplan / The Atlantic Online:
Obama's Foreign Policy: Buying in at the Bottom
Discussion: Commentary, The Heretik and Slate
Aaron David Miller / Washington Post:
Start With Syria  —  A Middle East Deal Obama Could Build On
Chris Johnson / Washington Blade:
Obama team denies it will delay 'Don't Ask' repeal
Discussion: Ben Smith's Blogs
Pat Eaton-Robb / Associated Press:
Lieberman: Obama ‘about perfect’ in Cabinet picks
Discussion: Shakesville and Firedoglake
 Earlier Items: 
Helene Cooper / New York Times:
For Biden, No Portfolio but the Role of a Counselor
Discussion: TalkLeft
The Economists' Forum:
Knightian uncertainty and its implications for the TARP
Discussion: Economist's View and EconLog
Dietmar Hawranek / Spiegel Online:
German Auto Industry Facing the Abyss
Discussion: Daimnation!