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Monday, December 15, 2008

Obama Announces Education Secretary

Barack Obama nominates Arne Duncan, head of the Chicago public school system, as his Secretary of Education. Mr. Obama was also asked about Gov. Rod Blagojevich.

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Daily Baggage

12.16.08 David Carr, the Carpetbagger, gives his own daily take on awards season news.

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Obama's Gitmo Problem

Watch the Journal Editorial Report, Saturdays at 5:30 pm ET on Fox News Channel.

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The Old Man of the Mountains

Fred Beckey began climbing as a boy in the Pacific Northwest. One of the world's most accomplished mountaineers he is now 85 years old and still climbing.

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Patrolling for Somali Pirates

East Africa Bureau Chief Jeffery Gettleman reports offshore on an Italian warship on efforts to combat piracy in the Gulf of Aden.

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Analysis of Fed's Expected Interest Rate Cut

After a two-day meeting, the Federal Reserve is expected to cut the federal interest rate yet again bringing it to an all-time low. WSJ's Sudeep Reddy shares his analysis on what the move will do. (Dec. 15)

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Wild Boars Invade Berlin

Wild Boars have moved into Berlin and the city has responded by issuing hunting licenses. Marcus Walker Reports. (Dec. 15)

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Tips on Making Your Laptop Ergonomic

Ergonomics expert Thomas R. Caffrey meets with WSJ' Melinda Beck and shares some tips on making your laptop safer for your back. (Dec. 15)

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Blago's Bombshells

Watch the Journal Editorial Report, Saturdays at 5:30pm ET on Fox News Channel.

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Dems' Challenge- Keeping Hispanic Support

Barack Obama is enormously popular among the U.S. Hispanic population. WSJ's Jerry Seib discusses whether Democrats can address calls for immigration reform and keep the Hispanic vote loyal to their party.

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McCain-Palin HQ Fire Sale Leads to Blackberry Mishap

The McCain-Palin campaign headquarters went on a selling binge, getting rid of office supplies, computers and more. But as one reporter finds out, the campaign's Blackberries were sold with emails and contact info still stored inside. Video courtesy of Fox News. (Dec. 15)

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Critics' Picks- 'A Christmas Carol'

A. O. Scott looks back at what he considers to be the best of the film adaptations of "A Christmas Carol."

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Heard on the Street- Car Bailout Messing Up the Markets

WSJ's David Reilly explains to Simon Constable the nasty unintended consequence of the government's plan to prop up the Detroit Three, plus how things might be done better going forward. (Dec. 15)

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Stocks Today- Absence in Risk in Market

Barron's Bob O'Brien says that one of the biggest casualties in contemporary Wall Street has been the absence of risk on the part of risk. O'Brien explores the state of the market.

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Handing Over Your (Shrunken) Fortune

Today's brutal market may be the opportunity of a lifetime for shifting assets to your heirs. With certain measures taken, both you and your heirs could profit from a recovery.

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Toasting With a Real and Reliable Bubbly

WSJ's Dorothy Gaiter and John Brecher review champagnes to help you toast the new year. For best taste, they suggest the "soul-satisfying" Billecart-Salmon at about $45 per bottle. For best value, they suggest the Piper-Heidsieck at about $35. (Dec. 15)

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Monday Markets- Fed As Backstop

The Federal Reserve must create an incentive for the private sector to participate in the markets, says Axel Merk of Merk Investments. MarketWatch's Stacey Delo reports. (Dec. 15)

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Unrest in Greece Continues

Political unrest in Greece rages on for the sixth straight day as angry residents continue to demonstrate against the government and police. Courtesy Reuters.

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Madoff Troubles May Hit Charities Hard

It's not only high-net-worth individuals who are affected by the Bernard Madoff scandal. Andrew Grumet, attorney at Schiff Hardin LLP, talks with MarketWatch's Kelsey Hubbard about the impact on charities. (Dec. 15)

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Hot Stocks- Financials Slide

U.S. financial stocks tumble, rattled by charges of monumental fraud by investor Bernard Madoff, which could cost clients as much as $50 billion. The Financial Select Sector SPDR, which tracks the financial stocks in the S&P 500, fell 4%. (Dec. 15)

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Madoff Teaches Wall Streeters A Tough Lesson

WSJ's Evan Newmark and Dennis Berman say that the Bernie Madoff scandal is a good thing, and explain what it teaches investors that "nobody beats the market."

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Kotecki- 12/15/2008

The President dodges shoes in Iraq and John McCain wouldn�t necessarily support Sarah Palin for President.

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Death of Ecuadorian Hate-Crime Victim Protested

In Brooklyn, hundreds of people express grief and outrage as they rally in memory of an Ecuadorian immigrant who was beaten to death. Authorities are calling the killing a hate crime. Video courtesy of Fox News.

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Week Ahead- GM Deathwatch, Fed Outlook

Dow Jones Newswires's Simon Constable and WSJ's MarketBeat blogger David Gaffen wonder whether General Motors Corp. can make it through year end. Plus, what to expect from the Fed meeting this week.

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Bush Shoe Hurler Called a Hero

An Iraqi journalist who threw his shoes at President Bush becomes an instant hero. The stunt was said to be a reflection of the Iraqi people's outrage at the failure of the U.S. administration to live up to its promises. Video courtesy of Reuters.

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Patching It Up

After the recent carnage, it's time to put your long-term holdings back in order. Some of the best deals. (Dec. 15)

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A Divine Place For A Wire-Walker

The man who walked a wire between the Twin Towers in 1974 returned to Manhattan recently and walked a much lower rope in the the Cathedral of St. John the Divine.

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Troops Cheer, Karzai Joshes During Bush's Afghan Visit

President Bush visits Afghanistan and is greeted with enthusiasm by American troops. He also reassures Afghan President Hamid Karzai of America's continued support. In his response, Karzai squeezes in a touch of humor. Video courtesy of Reuters.

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Racism and the U.N.

Editorial writer Dan Schwammenthal speaks to James Freeman about the upcoming U.N. conference on racism. (Dec. 15)

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Singapore Touts Its Medical Tourism

Singapore is aggressively marketing itself as a place to do surgeries and procedures that are too costly or can't be done at home. WSJ's Peter Landers speaks with Dr. Jason Yap, head of international health care marketing for Singapore, about how the government is positioning the Lion State.

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A Lump of Coal for Target-Date Funds

The average 2010 target-date fund has lost 30% this year, says MarketWatch's Chuck Jaffe. So are these life-cycle funds or something closer to a death spiral? (Dec. 15)

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Newsweek has lost its magic

Newsweek is a once-great brand in decline, says Jon Friedman. (Dec. 15)

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A Bright Spot for PC Sales

Amid an economic crisis, budget-minded consumers are finding value in netbooks, which are mini personal computers that start at $349. MarketWatch's Rex Crum examines the trend. (Dec. 15)

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A geological wonder

Formed by volcanic eruptions up to nine million years ago and sculpted over millenia by the wind, Turkey 's famous fairy chimneys may soon disappear without human intervention.

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Blagojevich's Political Links

One of President-elect Barack Obama's top aides, Rahm Emmanuel, discussed the Illinois Senator's vacancy with that state's controversial Governor Rod Blagojevich. Dean Reynolds reports.

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The Power Of The Tides

Scientists looking for new ways to provide electricity are now turning their attention to water, which covers two thirds of our planet. Priya David reports.

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Yo Yo Ma Performs

Yo Yo Ma and Alison Krauss perform "The Wexler Carol" from Yo Yo Ma's new album, Songs of Joy and Peace." 70 CBS

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Blagojevich Meets Lawyer

How to deal with Obama's empty senate seat is the heart of the issue for most politicians as Ill. Gov. Rod Blagojevich keeps mum about his next move, reports Dean Reynolds.

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Great start to the ski season in the Alps

Skiers and snowboarders: prepare to pack your bags and head to the slopes. The Alps are seeing their best snow for 15 years. In the French resort of Val d'Isere one metre of snow has fallen in less than 48 hours.

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Thailand's opposition leader becomes prime minister

Thai opposition leader Abhisit Vejjajiva is elected as the nation's third prime minister in four months, triggering protests from supporters of the old government who tried to block parliament.

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$50B Scam Victims Speak

Victims who lost their life savings are speaking out as investigations continue into Bernard Madoff's $50 billion investment scam that went on unnoticed for decades.

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Eva Mendes' Christmas "Spirit"

Actress Eva Mendes sat down with Julie Chen to discuss her upcoming film, "Spirit," based on a 1940s comic.

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Oldest Survivor Winner Ever

Bob Crowley became the oldest Survivor winner ever, after the school teacher beat the competition in Survivor Gabon to win $1 million.

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France's first lady immortalized

French first lady Carla Bruni is to make her entry into France's wax museum, Musee Grevin, in 2009. Half a dozen sessions with sculptors await the former top model, and the pressure on museum artists is huge to get her good looks right.

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Bush dodges flying shoes

The Iraqi journalist who caused a furore when he hurled his shoes at visiting US President George W. Bush "detested America" and had been plotting such an attack for months, colleagues said on Monday. Muntazer al-Zaidi, 28, was being hailed as a hero by some after his action against the US president. Bush laughed off the incident.

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Kenya's green treasure is threatened

Kenya 's Mau forest is a vital water catchment area worth millions of dollars. But logging and human settlement has almost halved the forest in size since the 1970s.

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A Recessionista's Must Haves

Pamela Edwards from Essence magazine shares her gift ideas for the frugal fashionista with Maggie Rodriguez.

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Hookups Not Sex?

Julie Chen talks to Kathleen Bogle, an Asst. Prof. of Sociology at LaSalle University about the vague meaning of term "hookup" for young people who may or may not be having sex.

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French storms claim three lives

Heavy snow and rain storms across southern France have killed three people, cut power lines and trapped hundreds in cars, trains and ski lifts.

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Anti-Bush Protests In Iraq

CBS News RAW: Protesters gathered in Baghdad's Shiite stronghold of Sadr City to demonstrate against Bush?s last visit to Iraq. They burned American and Israeli flags and shouted anti-U.S. slogans.

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BarneyCam 2008

In this Bush White House tradition, first terriers Barney and Miss Beazley prepare for a 'Red, White and Blue' holiday. The Bushes have a special message filled with Olympic medalists.

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Banks tally damage from Madoff scandal

Banks worldwide were counting Monday their losses from an alleged scam run by New York trader Bernard Madoff.

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Obama's "Green" Forecast

CBS News RAW: President-elect Barack Obama held a news conference Monday to announce his "green team" as well as to discuss the nation's energy and environmental future once he takes office.

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Significance of Flying Shoes

Professor Shibley Telhami describes the symbolism of an Iraqi reporter chucking his shoes at President Bush. "The significance is not in one reporter doing this," he explains, "the significance is in the reaction in much of Iraq and the Arab world."

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Breast Cancer And Menopause

A new study reinforces the connection between Hormone Replacement Therapy for women going through menopause and an increased risk of breast cancer. Karen Brown reports.

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Brazil's gays outraged over slowness of serial killer probe

A serial killer targeting gays in Sao Paulo has shocked Brazil's homosexual community.The fact that 13 victims were killed before police realised they were dealing with a hate-crime spree reveals the deep ambivalence Catholic Brazil has towards same-sex relationships.

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The Math Rapper

One Calif. teacher has become a local celebrity by turning his students into budding math superstars through his use of rap music. Ben Tracy reports.

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Eye To Eye- Cancer Cluster

Frank Weisheit and Rusty Freund, both spouses of brain cancer patients in McHenry, Ill., say a multi-billion-dollar company is to blame for the surge in residents who've developed this type of cancer.

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Obama Staff Clears The Air

President-elect Barack Obama's staff has cleared itself of any wrongdoing in the Senate seat scandal. Meanwhile Ill. Gov. Blagojevich is at risk of being impeached. Dean Reynolds reports.

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Shoe-Hurling Journalist Jailed

An angry Iraqi journalist hurled a shoe at President Bush during a press conference in Baghdad's Green Zone. Now the journalist is in jail while thousands demonstrate for his release. Elizabeth Palmer reports.

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A New Kennedy In The Senate?

Caroline Kennedy has often shunned the idea of running for public office, but now she wants in. Kennedy says she'd like to be considered for Hillary Clinton's Senate seat. Jeff Greenfield reports.

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