this is an adventure

So much for the embrace by Barack Obama. This week, John McCain will take the floor and let ‘er rip on Obama’s stimulus bill. And Mac isn’t in the mood for reconciliation.

Mitsubishi Electric Corp. cut its profit forecasts for the second time this year on slumping spending by car and flat-panel manufacturers and losses at its chip affiliate, the company said Monday.

In the short-term, all China cares about is keeping everyone employed — or more accurately, keeping them from rioting. They’ll spend whatever’s needed to do that, counting on global demand to return in time. Wen’s promise translated: keep the place from boiling over by whatever means necessary.

Europe comes to terms with the fact that Obama’s Just Not That Into Them. Up next: Does Europe answer the phone when Obama calls asking for some place to put Guantanamo detainees, or are they still hacked that he took someone else to the prom?