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Barack Obama on Monday announced Hillary Rodham Clinton as his nominee for secretary of state. He also named James Jones as national security adviser, Eric Holder as attorney general, Arizona Gov. Janet Napolitano as the secretary of homeland security and Susan Rice as U.N. ambassador. He has asked Defense Secretary Robert Gates to stay on.

Sumner Redstone has sold his controlling stake in video game company Midway Games, Inc., reports the Wall Street Journal. The media mogul’s holding company, National Amusements Inc., has been battling a $1.6 billion debt.

Carl Icahn’s continuing purchase of Yahoo stock may indicate that the selection of a new company CEO is imminent, reports All Things Digital.

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Samantha Power, who lost her place in the Obama inner circle after she publicly called Hillary Rodham Clinton “a monster,” is working her way back. The Washington Post reports that the Pulitzer Prize-winning expert on genocide is part of the transition team, offering advice on - of all things - State Department issues.

By A. James Memmott - December 1, 2008

Susan E. Rice, named today by Barack Obama to be the next U.S. ambassador to the United Nations, is only 44 years old, but it would seem she’s been preparing a lifetime for her new role.

A member of Obama’s transition team and one of his foreign policy advisers during the campaign, Rice had extensive high-level service in the Bill Clinton administration. Since then she’s been a member of several influential foreign policy groups.

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Small donors played comparable roles in Obama and Bush campaigns
November 30, 2008 at 7:28am

A new study by the Campaign Finance Institute shows that Barack Obama received about the same percentage from small donors in 2008 as George W. Bush did in 2004.

Janet Napolitano’s unlikely political journey
November 29, 2008 at 7:34am

The second-term Arizona governor said to be the top choice for Homeland Security secretary first came to Washington 17 years ago to represent Anita Hill.

Subprime prophets rise from obscurity
November 28, 2008 at 10:09am

After every great crisis, a simple question arises: Who knew?

In final days, Bush likely to pardon more than turkeys
November 27, 2008 at 7:32am

The headline in The Onion may have nailed it: “In Thanksgiving Tradition, Bush Pardons Scooter Libby In Giant Turkey Costume.” In fact, many are betting that Libby will be among those pardoned before the president steps down.

High-powered group, most from Chicago, plans Obama inaugural
November 26, 2008 at 12:56pm

The group overseeing Barack Obama’s Jan. 20 inaugural boasts a bipartisan roster of go-getters, most with deep Chicago roots.

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Muckety Business & media
November 25, 2008 at 7:59am

Here’s a switch. XTO Energy, the Fort Worth oil and gas company, promoted two executives last week and cut their pay potential for next year. It also eliminated the chairman’s bonus.

November 24, 2008 at 6:06am

The curious timing of Mack Whittle’s retirement as CEO of The South Financial Group continues to test the boundary of what constitutes a golden parachute at a bank receiving emergency aid from the federal Troubled Assets Relief Program.

November 23, 2008 at 2:32pm

A sense of fairness is treasured in the news business. But connections are, too. Tom Brokaw, currently the interim host of “Meet the Press,” would seem to have both.

November 21, 2008 at 9:33am

What’s in a name? Ask the folks at Cerberus Capital Management, named for the three-headed dog that guards the gates of hell.

Muckety News & politics
November 29, 2008 at 7:34am

The second-term Arizona governor said to be the top choice for Homeland Security secretary first came to Washington 17 years ago to represent Anita Hill.

November 27, 2008 at 7:32am

The headline in The Onion may have nailed it: “In Thanksgiving Tradition, Bush Pardons Scooter Libby In Giant Turkey Costume.” In fact, many are betting that Libby will be among those pardoned before the president steps down.

November 26, 2008 at 12:56pm

The group overseeing Barack Obama’s Jan. 20 inaugural boasts a bipartisan roster of go-getters, most with deep Chicago roots.

November 26, 2008 at 12:11pm

Barack Obama has chosen Christina D. Romer, currently a member of the Economics Department at the University of California, Berkeley, to be the head of the Council of Economic Advisers.

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The economy may be crashing and burning, but luxe New York City apartments are still being offered at scarifying prices.

Video

Sarah’s thankful; the turkey not so much

In anticipation of Thanksgiving, Sarah Palin pardoned a turkey in Wasilla, AK.


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