Even Seasonally Adjusted, Unemployment Looks Better

December 4, 2009

Unemployment falls to 10%, better than expected. “We are one step closer today to the stabilization of the labor market,” said Chris Rupkey of Bank of Tokyo Mitsubishi. “The massive job cuts during the financial crisis last fall were too aggressive and firms will need to rehire staff within the next couple of months.”

More →

Erik Prince and the Assault on Blackwater: Was He Working for the CIA All Along?

December 4, 2009

Insightful profile: “While his company was busy gleaning more than $1.5 billion in government contracts between 2001 and 2009—by acting, among other things, as an overseas Praetorian guard for C.I.A. and State Department officials—Prince became a Mr. Fix-It in the war on terror.”

More →

Time Limit on Afghanistan Surge Draws Fire

December 3, 2009

“In Pakistan, officials said the timeline raises fears that the U.S. would only drive insurgents across the border into their country, and then withdraw. And it emerged Wednesday that Defense Secretary Robert Gates initially resisted the timetable; administration officials said he agreed only after securing flexibility to adjust it to the situation on the ground.”

More →

Searching for the Magic: The White House Gets Into Political Games With the Troops

December 3, 2009

“One didn’t have to be a cadet on Tuesday to feel a bit of nausea upon hearing Obama’s speech. It was the least truthful address that he has ever held. He spoke of responsibility, but almost every sentence smelled of party tactics. He demanded sacrifice, but he was unable to say what it was for.”

More →

Does Bernanke Have the Votes? Hold Put on Fed Chairman's Nomination

December 3, 2009

“Lamakers on the left and the right have been reluctant to throatily back a second term for Bernanke… Sen. Bob Corker said on Tuesday he’s unsure whether Bernanke has the votes.” Meanwhile, Socialist (no, we’re not exaggerating) Sen. Bernie Sanders puts a hold on his nomination.

More →

Tiger Woods Recording: Leaves Incriminating Message for Alleged Mistress

December 2, 2009

On Nov. 24 — the day before reports of his alleged infidelity first surfaced — Tiger Woods, 33, phoned his off-and-on girlfriend, 24 year-old Los Angeles cocktail waitress Jaimee Grubbs, and left a message in which he begged her to change her voicemail greeting.

More →

Lunch with the President: Afghanistan Decision is His Alone

December 2, 2009

Marc Ambinder and columnists meet with POTUS prior to West Point speech: “President Obama said today he is “painfully clear” that his revised Afghanistan strategy is “politically unpopular” — especially within his own party — and that he expects to be held “fully accountable” if the strategy fails.”

More →

Wills: Barack Obama Has Betrayed Me, Afghanistan is His Iraq

December 2, 2009

Wills: “He said that he would not oppose war in general, but dumb wars. On that basis, we went for him. And now he betrays us… he has now officially adopted his very own war, one with all the disqualifications that he attacked in the Iraq engagement. This war too is a dumb one.”

More →

Hanson: A Strange Speech, With More Politics Than Expected

December 2, 2009

VDH: “Deploring partisanship while serially trashing Bush at each new talking point. Sending more troops, but talking more about when they will come home rather than what they will do to the enemy. There was nothing much new in the speech, yet apparently it took the president months to decide whether even to give it.”

More →

Vivendi, General Electric Strike Tentative Deal, Clears Way For Comcast and NBC-Universal

December 1, 2009

Handshake: “If finalized, the Vivendi-GE agreement will clear the final major obstacle to a deal GE worked out weeks ago to give U.S. cable company Comcast control over NBC Universal. The Comcast transaction would create one of the world’s largest media companies, but it always hinged on Vivendi selling its 20% stake to GE.”

More →