Worth reading ...
Subprime coming home to roost?
Financial Times
Fear now rules the credit markets, where the effective cost of ensuring against a default, in both Europe and the US, has increased by more than half in barely a month. A steady drip of bad news has prompted fears that the subprime debacle could trigger a credit crunch, raising the cost of financing worldwide as investors are forced to sell healthy investments to make good their losses.
The liberal edge
John Podhoretz
… what if what we’re seeing is something larger — something more interesting and more threatening to conservative ideas of governance and GOP ideas of holding onto power?
Flaring tempers put a dent in Senate’s sense of etiquette
CQ Today
Partisan discord on the Senate floor became so pronounced Thursday that at one point a Republican leader sided with the opposition to try to settle frayed senators.
Sheikh delays plane over seating
Reuters
… the pilot ordered him and his traveling companions, the three women, two men, a cook and a servant, off the plane.