- A New Look at the ‘New Poor’
- Six Pack: Beer Buzz of the Week
- Greek Exit Could Trigger 50% Fall in Euro Stocks: Analyst
- Under Pressure, FHA Skews to Wealthier Home Buyers
- Big Stock Upside for Hudson City Deal: Analyst
- 5 High-Yield Stocks Ready to Boost Dividends
- Yoshikami: Four Things You Need to Know About Gold Now
- Steinbock: The Euro Zone Endgame Begins
- Option Bulls Take Another Shot on Idenix
- How Nasdaq Lost Control of Facebook IPO, by the Minute
- Week Ahead: Europe Has Wall Street Bull on Short Leash
- Pro-Bailout Greeks Regain Lead in Polls Before Vote
- Citigroup Lost $20 Million on Facebook IPO Trades
- JPMorgan to Shake Up Risk Team After Big Loss: Report
- RIM May Cut at Least 2,000 Jobs in Restructuring: Report
- EU Finalizes Bank Reforms; Shifts Burden to Bondholders
- Spain's Bankia Eyes Stake Sales After Record Bailout
- EU Set to Launch Action Against China Over Telecom Aid
MOST SHARED
- JPMorgan Trading Loss: Did Regulators Miss the Risk?
- RIM May Cut at Least 2,000 Jobs in Restructuring: Report
- Marc Faber: 100% Chance of Global Recession
- How Nasdaq Lost Control of Facebook IPO, by the Minute
- Bacon Tourism: From the Davos of Bacon to Bacon Mecca
- Heard in More US States: See You in Tax Court!
- 5 Spots Where the Dollar Buys a Great Vacation
- What College Tuition Will Look Like in 18 Years
- Why Are Greek and Italian Politicians So Bad?

Obama's Transition To President May Be "Easiest" Part
![]() |
AP President-elect Barack Obama |
But soon he and his transition team may look back fondly on this fleeting chance for "deliberate haste," as Obama has characterized pace of his Cabinet selection. Later it will be all haste.
This fall running mate Joe Biden warned the incoming president would be tested within six months by an international crisis. But history shows the incoming rush of trouble doesn't wait for hours, much less months.
Bill Clinton fought controversy even before his inauguration for giving welfare reform a lower priority than health care—a decision whose political consequences Mr. Clinton would later regret.
On Clinton's first full day in office his Defense Secretary was ripped by the Joint Chiefs of Staff over his campaign pledge to let gays serve openly in the military. On his second full day, he accepted the withdrawal of his choice for Attorney General Zoe Baird over revelations that she had employed an illegal immigrant.
Within two months, Jimmy Carter soured his relations with a Democratic-controlled Congress by targeting water projects cherished by senior figures within his own party.
Within three months, Ronald Reagan was shot in an assassination attempt. John F Kennedy launched the Bay of Pigs invasion of Cuba, President George W. Bush faced a showdown with Beijing over a collision between a U.S. spy plane and a Chinese fighter jet.
Within five months, Mr. Bush saw the Senate slip from Republican control when Sen. Jim Jeffords of Vermont switched to become an independent. And within eight months, the 9/11 terrorist attacks thrust Bush's presidency in directions he never anticipated while seeking office. The problems facing President-elect Obama at least match those of any predecessor since FDR.
Consumer spending is falling, unemployment is rising, and U.S. auto companies say they may not even have enough cash to stay afloat until Obama's inauguration. The lame-duck Congress returns to Washington today to pursue Democrats' dwindling hopes for new economic stimulus and aid for Detroit.
Aides say the president-elect might name a Secretary of State or Treasury this week. But probably not, since they believe that, at least a while longer, he still has time to think things through.
Questions? Comments? Write to .
- The Nasdaq has suffered the most from the EU crisis showing there's risk in the usual tech stocks.
- Targeting more Millennials is just one of the items brewing for consumers in the world of spirits.
- It seems many people may need a reminder of how NOT to act on a plane. Here are a few tips.
- Here are some very unusual roadside stops along American highways that might peek your interest.
- How three generations of Americans are dealing with the finances of retirement.











