Archive for November, 2008


An internal memo obtained by The Associated Press says the FBI has received a “plausible but unsubstantiated” report that al-Qaida terrorists in late September may have discussed attacking the subway system.

“We have no specific details to confirm that this plot has developed beyond aspirational planning, but we are issuing this warning out of concern that such an attack could possibly be conducted during the forthcoming holiday season,” the report said, according to the Associated Press.

Obama Names Volcker to Head New Economic Advisory Board

(Reuters) – US President-elect Barack Obama on Wednesday announced a new panel to advise him on stabilizing financial markets as his latest effort to tackle problems ailing the US economy.

President -elect Barack Obama promised to instill more confidence in the federal budget system and eliminate unnecessary programs.The man who will be responsible for the White House budget office — overseeing cuts in the federal budget and simultaneously overseeing a costly stimulus package will be Peter Orszag who now runs the Congressional Budget Office.Jon Decker reports

News SnapShot : The Huffington Post 11.25.08

Gas Falls To 2004 Levels

Alan Colmes Leaves Fox News

Fox News * Hannity & Colmes

Alan Colmes, shown here in 2003, is departing the Fox News Channel program “Hannity & Colmes.” (AP)

“Hannity & Colmes” will soon be without “Colmes.”

Alan Colmes, the longtime liberal half of the Fox News Channel prime time program, will leave the show at the end of the year.

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President-Elect Barack Obama unveils his core economic team

“There are no shortcuts or quick fixes to this crisis,” Barack Obama said as he presented his economic team in Chicago on Monday. “The truth is, we do not have a minute to waste,” Mr. Obama said. “These extraordinary stresses on our financial system require extraordinary policy responses.”

CHICAGO — President-elect Barack Obama, calling for “sound judgment and fresh thinking” to address the nation’s economic crisis, announced Monday his selection of Timothy Geithner, president of the New York Federal Reserve, as Treasury secretary, and Larry Summers, a former Treasury secretary, as head of the National Economic Council.

Obama also named Christina Romer, an economics professor at the University of California at Berkeley, to chair his Council of Economic Advisers, and Melody Barnes, of the Center for American Progress, as director the Domestic Policy Council.

In making the announcement, Obama said the country is facing an economic crisis of “historic proportions.”

“If we do not act swfitly and boldly most experts believe that we could lose millions of jobs next year,” he said.

To that end, Obama said, he sought an economic team with “sound judgment and fresh thinking.”

(VIDEO) Your Weekly Address from the President-elect

President-elect Barack Obama announces he has directed his economic team to assemble an Economic Recovery Plan that will save or create 2.5 million more jobs by January of 2011.

Weekly Address for November 22, 2008

Stevens Loses in Senate Race

WASHINGTON — Senator Ted Stevens of Alaska, convicted last month on federal ethics charges, lost his bid for a seventh term as final ballots were counted on Tuesday, giving Democrats at least 58 seats in the Senate for the first years of the Obama administration.

With an estimated 2,500 votes still outstanding and other election certification steps still to take place, Mark Begich, the Democratic mayor of Anchorage, had taken a lead of 3,724 votes out of more than 315,000 cast, and he declared victory.

(VIDEO) Barack Obama “60 Minutes” Interview

Following him on the campaign trail through the week of Super Tuesday, 60 Minutes hosts an extensive interview with Senator Barack Obama.

Barack Obama’s first televised post-election interview gave Sunday night’s “60 Minutes” its biggest audience in at least nine years.

The CBS News program was seen by 24.5 million viewers and earned a 6.4 preliminary adults 18-49 rating. That marks the show’s largest viewership since 1999.

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