Israel is taking preparatory actions for an invasion of Gaza. I've got a bad feeling about this.

Jonathan Freedland in The Guardian hopes that George W. Bush, Dick Cheney, Donald Rumsfeld, et. al. will someday be convicted of war crimes. Morton Kondracke argues that Obama should not pursue such a course against his predecessor, as it would cripple his own ability to defend the country against terrorists.

One of the reasons our economy is tanking is due to the transfer of wealth from the U.S. to China, and the resultant ability of the Chinese to buy up our debt. This is not a healthy relationship.

More evidence that we are falling into a deep recession is the collapse of retail sales this holiday season. As people see the value of their homes and their retirement funds drop, they naturally hold onto their money a little tighter. I think we are in for a long period of economic retraction, as everyone tries to pay down debt and save more.