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LAST WEEK'S SELL-OFF 'OVERDONE'?
WALL STREET JOURNAL: U.S. stock futures were pointing to a rebound on Monday, after last week's bruising close which some say was overdone and as a heavy week of political, economic and corporate events lines up for investors . . . U.S. stocks fell sharply on Friday, with the Dow Jones Industrial Average suffering . . . its biggest one-day drop since October 30. Those losses came as earnings from American Express, Google and others fell short of investors' lofty expectations and as the market continued to fret over U.S. bank restrictions proposed by President Barack Obama and monetary tightening from China . . . READ MORE
SENATE RE-CONFIRMATION FOR
BERNANKE APPEARS MORE LIKELY
THE STREET: Federal Reserve Chairman Ben Bernanke appears to have edged closer to a second term. Mitch McConnell, the top Republican in the Senate, told NBC's "Meet the Press," on Sunday he expects Bernanke to be confirmed . . . Bernanke's confirmation for a second, four-year term was thrown into doubt late last week as some key Democrats said he wouldn't be getting their vote. The uncertainty over Bernanke helped lead to a slide of 552 points last week in the Dow Jones industrial Average . . . READ MORE
CURRENCY: DOLLAR DOWN ON FED NEWS
REUTERS: The dollar slipped against the euro and higher-yielding currencies on Monday . . . Reports that embattled Federal Reserve Chairman Ben Bernanke was edging closer to winning confirmation to serve a second term also calmed markets, tarnishing the dollar's safe-haven appeal . . . READ MORE
POLL: MOST OPPOSE STIMULUS
CNN: A majority of Americans oppose the economic stimulus program, according to a new national poll. Fifty-six percent of people questioned in a CNN/Opinion Research Corporation survey released Sunday say they oppose the stimulus package, with 42 percent supporting it . . . READ MORE
BOND SALES FUND STIMULUS DEBT
CNN/MONEY: Rising domestic demand for U.S. debt allowed the government to sell more than $1.7 trillion of Treasurys during fiscal 2009. Those sales paid for billions of dollars of stimulus spending . . . The big question is whether the feds can pull off that trick again in 2010. The government can't count on the Federal Reserve to soak up $300 billion of Treasurys, as it did last year in a bid to ease the stressed credit markets . . . READ MORE
COMMENTARY/BLOOMBERG NEWS
CAN THE FED HEAR ITSELF?
CAROLINE BAUM: “In the current environment of historically low short-term interest rates, it is important for institutions to have robust processes for measuring and, where necessary, mitigating their exposure to potential increases in interest rates,” sayeth the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp., the Federal Reserve and other regulators in a Jan. 8 Interagency Advisory Bulletin . . . Are regulators reading their own memo? Rising interest rates introduce a new kind of balance-sheet risk for the Fed. With $1.2 trillion of variable-rate liabilities and $2 trillion of fixed-rate assets, when rates rise, the Fed’s net interest margin shrinks. What would happen if it disappeared? . . . READ MORE
Monday, January 25, 2010
Tuesday, January 12, 2010
MASSACHUSETTS SENATE:
RACE HEATS UP FOR GOP
MONEY BOMB: REPUBLICAN BROWN
RAISES $1.3 MILLION IN SINGLE DAY
Republican candidate Scott Brown raised $1.3 million in an online "money-bomb" event Monday, according to his Senate campaign. The daylong fundraiser for the GOP candidate in next week's special election -- to fill the seat vacated by the death of Sen. Ted Kennedy -- was promoted by major conservative Web sites and bloggers. Recent polls indicate that Brown, a state senator, has gained ground on state attorney general Martha Coakley, creating the chance for a rare Republican victory in heavily Democratic Massachusetts. CANDIDATES MEET IN FINAL DEBATE
POLITICO: Democrat Martha Coakley and Republican Scott Brown faced off over health care, the war on terror and abortion during Monday night’s final televised debate in the Massachusetts special Senate election . . . READ MORE
BROWN IN DEBATE: 'WE ARE AT WAR'
BOSTON GLOBE: The sharpest exchanges came over national security, with Brown hammering Coakley for supporting civilian prosecution of suspected terrorists . . . and for not backing President Obama's proposal to add troops in Afghanistan. "We are at war," Brown said. "We're at war in our airports. We're at war in our shopping malls." . . . "It's naive to think that we have the troops to send everywhere," Coakley said . . . READ MORE BLOG COMMENTARY:
THE SNOOPER REPORT, WEASEL ZIPPERS, RIEHL WORLD VIEW, RUBY SLIPPERS, PAT AUSTIN, HOT AIR, WIZBANG, THE OTHER McCAIN, GATEWAY PUNDIT, NEO-NEOCON, INSTAPUNDIT, AMERICAN GLOB, THE LONELY CONSERVATIVE, MICHELLE MALKIN
VIDEO: AD HITS COAKLEY ON TAXES COMMENTARY: AMERICAN THINKER
BLUE TO RED?
RICHARD BAEHR: An unusual opportunity now presents itself in the special election for U.S. Senator in Massachusetts, to take place on Tuesday, January 19. Republican Scott Brown is in striking range of Martha Coakley for the Senate seat once held by the late Ted Kennedy and now held by appointed interim Senator Paul Kirk. Massachusetts is not a Republican-friendly state. It voted for Obama over McCain by 26%. There are zero Republicans in the ten-member U.S House delegation . . . READ MORE BOSTON HERALD: If you love what's going on in Washington, well, then by all means vote for Martha Coakley . . . she won't make a dime's worth of difference in the balance of power in Washington. But if you're not happy with the status quo, if you think the way business is being conducted on Capitol Hill today is a disgrace and an affront to taxpayers, then you probably agree it's time for a change. Scott Brown can single-handedly deliver on that kind of change . . . READ MORE WORCHESTER TELEGRAM & GAZETTE: Given the serious issues that face our nation, and the deep ideological divides that have riven Congress, we believe that state Sen. Scott Brown is the best choice to reinvigorate Massachusetts' voice on Capitol Hill. . . . READ MORE
LAWRENCE EAGLE TRIBUNE: Now, voters in Massachusetts can make a real change in Washington. They can put a stop to the leftward surge in politics led by an unfettered Democratic Party. . . . On Jan. 19, vote to make a difference. Vote for real change. Vote to send Republican Scott Brown to the U.S. Senate . . . READ MORE
RAISES $1.3 MILLION IN SINGLE DAY
Republican candidate Scott Brown raised $1.3 million in an online "money-bomb" event Monday, according to his Senate campaign. The daylong fundraiser for the GOP candidate in next week's special election -- to fill the seat vacated by the death of Sen. Ted Kennedy -- was promoted by major conservative Web sites and bloggers. Recent polls indicate that Brown, a state senator, has gained ground on state attorney general Martha Coakley, creating the chance for a rare Republican victory in heavily Democratic Massachusetts. CANDIDATES MEET IN FINAL DEBATE
POLITICO: Democrat Martha Coakley and Republican Scott Brown faced off over health care, the war on terror and abortion during Monday night’s final televised debate in the Massachusetts special Senate election . . . READ MORE
BROWN IN DEBATE: 'WE ARE AT WAR'
BOSTON GLOBE: The sharpest exchanges came over national security, with Brown hammering Coakley for supporting civilian prosecution of suspected terrorists . . . and for not backing President Obama's proposal to add troops in Afghanistan. "We are at war," Brown said. "We're at war in our airports. We're at war in our shopping malls." . . . "It's naive to think that we have the troops to send everywhere," Coakley said . . . READ MORE BLOG COMMENTARY:
THE SNOOPER REPORT, WEASEL ZIPPERS, RIEHL WORLD VIEW, RUBY SLIPPERS, PAT AUSTIN, HOT AIR, WIZBANG, THE OTHER McCAIN, GATEWAY PUNDIT, NEO-NEOCON, INSTAPUNDIT, AMERICAN GLOB, THE LONELY CONSERVATIVE, MICHELLE MALKIN
VIDEO: AD HITS COAKLEY ON TAXES COMMENTARY: AMERICAN THINKER
BLUE TO RED?
RICHARD BAEHR: An unusual opportunity now presents itself in the special election for U.S. Senator in Massachusetts, to take place on Tuesday, January 19. Republican Scott Brown is in striking range of Martha Coakley for the Senate seat once held by the late Ted Kennedy and now held by appointed interim Senator Paul Kirk. Massachusetts is not a Republican-friendly state. It voted for Obama over McCain by 26%. There are zero Republicans in the ten-member U.S House delegation . . . READ MORE BOSTON HERALD: If you love what's going on in Washington, well, then by all means vote for Martha Coakley . . . she won't make a dime's worth of difference in the balance of power in Washington. But if you're not happy with the status quo, if you think the way business is being conducted on Capitol Hill today is a disgrace and an affront to taxpayers, then you probably agree it's time for a change. Scott Brown can single-handedly deliver on that kind of change . . . READ MORE WORCHESTER TELEGRAM & GAZETTE: Given the serious issues that face our nation, and the deep ideological divides that have riven Congress, we believe that state Sen. Scott Brown is the best choice to reinvigorate Massachusetts' voice on Capitol Hill. . . . READ MORE
LAWRENCE EAGLE TRIBUNE: Now, voters in Massachusetts can make a real change in Washington. They can put a stop to the leftward surge in politics led by an unfettered Democratic Party. . . . On Jan. 19, vote to make a difference. Vote for real change. Vote to send Republican Scott Brown to the U.S. Senate . . . READ MORE
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