The big news? Anne Hathaway's boyfriend (not pictured) gets nearly 5-year jail sentence.
Future Tense
- Notice a theme? Companies reporting that current earnings are fine, but they're worried about the future. Wall of worry?
- Microsoft beats the street, but cuts outlook. The software giant reports profit and sales that were bigger than what analysts expected, but lowers its guidance in anticipation of a slower economy.
Can I get a Do-over?
- Alan Greenspan softened his longstanding opposition to many forms of financial market regulation, acknowledging in an exchange with Waxman that he was "partially" wrong in his belief that some trading instruments, specifically credit default swaps, did not need oversight.
Political Shockers
- New York Times endorses Barack Obama. I about fell out of my chair on that one. I had them going for McCain this year. Or maybe a Bush Third Term.
- Maybe the NY Times will endorse Sarah Palin in 2012. Is Palin making plans for 2012? I ask because she's contradicted John McCain on a number of subjects in recent weeks--and every contradiction seems calibrated to preserve (or even enhance) her standing with the Republican base should the Arizona senator lose on Nov. 4.