According to the British newspaper The Guardian, Hillary Clinton will be offered and accept the position of Secretary of State.

Ralph Peters wishes Obama would not make statements he has no hope of backing up.

One of the more frightening consequences of the global economic crisis is the situation that is developing in China. The grand political bargain between the Butchers of Beijing and their people, which was made as those leaders dropped Communist ideology but maintained authoritarian rule, was that those leaders would keep their power but the people would get prosperity in return. That bargain has worked out well for more than 20 years, but it seems now to be in jeopardy. History tells us that the most devastating consequence of the Great Depression was World War II. Ponder that one for a moment while you consider what might happen as a result of this severe economic crisis (whether it reaches Great Depression levels or not).

An argument from a Harvard economist for allowing the auto companies to file for Chapter 11 bankruptcy, rather than simply giving them taxpayer money.