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Cut to the News

 

Friday, January 22, 2010                      Make us your homepage

Top Breaking News

This Morning's Cut
Leading The News

Court Nullifies Campaign Finance Law . . . Gives interest groups, unions and corporations the right to pour money into issue advertising. Washington Times

Obama Bank Plan Sinks Stocks . . . Obama proposes limits on the size and activities of nation's largest banks. Wall Street Journal

Pelosi Can't Pass Senate Health Bill . . . The Senate will have to change it without a filibuster-proof Democratic majority.
Washington Post

Politics

politicIt's All Scott Brown on Capitol Hill . . . Senator-elect Scott Brown of Massachusetts arrived in the nation’s capital yesterday to a reception fit for a celebrity.
Boston Globe

Massachusetts Looks Like America . . . It's blue on the edges with a big red swath in the middle. Boston Globe

New Search for Consensus on Health Bill . . . Lawmakers are weighing a pared-back approach that would be less ambitious and less contentious. New York Times

Questionable Political Travel Continues . . . Federal workers like to fly business class. An extra hotel day to fit in some golf. Washington Times

Edwards Admits He Fathered Aide's Child . . . Edwards had repeatedly denied that he might be the girl's father. Now he's in Haiti helping out. CBS News

Air America Declares Bankruptcy . . . The liberal radio network will go off the air. Washington Post

National Security

Pakistan to Pause Taliban Offensive . . . Says it cannot expand offensive against militants for at least six months. U.S. backs off public pressure.
Associated Press

Yemen's Homemade al Qaeda . . . Indigenous character sets it apart from other al Qaeda affiliates and could make it much more difficult to dislodge. Wall Street Journal

Blix Warned Blair Iraq Might Not Have WMD . . . Blix had his doubts after inspections based on tips from Western intel turned up nothing. Daily Telegraph

Man Claims Terror Ties in Soldier's Killing . . . Abdulhakim Muhammad says he's part of Yemeni al Qaeda and calls shooting “a Jihadi Attack.” New York Times

Detainees Will be Held But Not Tried . . . Nearly 50 detainees at Guantánamo Bay are too difficult to prosecute but too dangerous to release. New York Times

Money

Bernanke Faces Tight Senate Vote . . . Ben Bernanke's confirmation for a second term as Federal Reserve chairman will go down to the wire.
Wall Street Journal

Power Shifts From Geithner . . . The "Volcker Rule" is Obama's most visible break yet from Treasury secretary's reform philosophy. Washington Post

Stuck Gas Pedal Causes Major Toyota Recall . . . The quality of the Japanese automaker's fleet continues to be tarnished by serious safety recalls. Associated Press

Burger King to Open Whopper Bar With Beer . . . Burger King will unveil a new concept to compete with casual dining restaurants.
USA Today

International

Evacuation of 400K Haitians Begins . . . Buses dispatched to collect survivors from around the city and shift them out of disaster zone to encampments.
Times of London

Airline Terror Alert in India . . . India tightened airline security after Western intelligence warned of a possible hijack attempt by Islamic militants. Times of London

Eels Disappearing From the London's Thames . . . They're most well known in the form of a Cockney dish dating back centuries, jellied eel. Associated Press

You Must Also Know . . .

China Condemns U.S. 'Information Imperialism' Beijing says a call Hillary Clinton for lifting restrictions on Internet damages bilateral ties. Associated Press

Conan Gets $45B to Get Out . . . That's $33 million for him and $12 million to his staff. And late night civility is at an end. New York Times

New Orleans Rises With the Saints . . . Sean Payton, Drew Brees and Reggie Bush have been the city's saving grace after Hurricane Katrina. USA Today

Cut to Your Stocks

Watch the Dow(^DJI), S&P 500 (^GSPC), NASDAQ (^IXIC), Europe (^STOXX), the Nikkei (^N225), and the ten-year Treasury (^TNX). Add your own stocks too.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Today's Quote

"I just don't get it. All these banks ever think about is money."

- Barack Obama

A note from our attorneys:
This is not a real quote.

Guilty Pleasures

Tiger's in a Sex Addiction Clinic
Golfer, who took a break from game after a series of affairs, is attending a leading £25,000-a-go rehabilitation clinic.
Times of London

Mass Cheating in Chinese Marathon
Almost a third of the runners who finished in the top 100 of the Xiamen marathon have been disqualified for cheating.
Daily Telegraph

Top Sports

Capitals Exact Revenge Against Pens
Caps waited eight months to avenge loss that ended their season. Five Capitals score goals in 6-3 win, led by Alex Ovechkin's two goals and an assist.
Washington Post

Figure Skaters Slammed for Aboriginal Dance
Native Australian groups accused the Russian pair yesterday of “cultural theft” and called on them to apologize for insulting their traditions.
Times of London

 

BLOG

The Read on the news

Obama's Enthusiasm Gap

While much of the focus these past few months has been on Obama's drop in the polls, a far more critical problem for the president is the erosion in enthusiasm among his liberal base of support.

Presidents routinely bounce back from early bad polling to win reelection. Ronald Reagan lost a lot of popularity during the recession of the early 1980s, only to surge anew by 1984 to defeat Walter Mondale. And Bill Clinton looked like a sure loser in 1996 as Republicans marched to victory in the 1994 midterm elections.

Obama's polls are not too bad. His approval rating is just below 50 percent, and by the time he's up again in 2012 the economy will likely be looking better.

But an African American with the unlikely name of Barack Obama and the most liberal voting record in the Senate was elected in no small part because of the passionate following among his base of liberal voters.

Obama's Enthusiasm Gap, cont'd

The Latest Polls

What Should Obama and Democrats Do Now About the Health Bill?

Keep working on it: 39%
Stop and consider alternatives: 55%

USA Today/Gallup Jan. 20

Do You Approve of the Way Obama is Handling Health Reform?

Approve: 38%
Disapprove: 55%

NBC/Wall Street Journal Jan. 10-14

How Well is the Government Doing in Reducing Terrorism Threat?

Very/Fairly Well: 65%
Not too Well/Not Well: 33%

Pew Research Jan. 6-10

Which Woman Do You Admire Most?

Hillary Clinton: 16 %
Sarah Palin: 15%
Oprah Winfrey: 8%
Michelle Obama: 7%

USA/Gallup Dec. 11-13

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