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And the winner of the drag race from Detroit to the Capitol is. . . General Motors’ chief Rick Wagoner. Good thing for GM, since the financial blog, Clusterstock, had proposed that lawmakers award bailouts to the first and second-place arrivals to today’s hearing, in what was dubbed, “Race for the Bailout.”

Oprah Winfrey, who gave candidate Obama a critical boost during the primaries, told Access Hollywood that she’ll be taking her talk show to Washington for the week of Barack Obama’s inauguration, broadcasting from the Kennedy Center.

Rupert Murdoch is planning a six-figure blow-out for his wife Wendi’s 40th birthday. The bash next Monday at the Gramercy Park Hotel will include Nicole Kidman and Keith Urban, Barry Diller and Diane von Furstenberg, Billy Joel and Arianna Huffington, according to Portfolio’s Mixed Media blog.

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You’ve got to hand it to Eliot Spitzer. The man dubbed the ‘Luv Gov’ by New York’s tabloids is pursuing his political rehabilitation with the same zeal he once showed in going after Wall Street traders. Today he debuts as a member of the Fourth Estate, writing a twice-a-month column for Slate about finance, regulation and government.

By A. James Memmott - December 4, 2008

Michael Phelps
Michael Phelps

A little more than three months after he lit up the Summer Olympics, Michael Phelps is adding honors and wealth but losing muscle.

The swimmer, who won a record eight gold medals at the Olympics in China, was selected this week as Sports Illustrated’s Sportsman of the Year. He’s the first swimmer to receive this recognition.

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Freedom’s Watch may call it quits
December 4, 2008 at 1:33pm

Freedom’s Watch, the political advocacy group once hailed as the conservative answer to MoveOn.org, may be the latest casualty of the economic downturn.

Internet musical protests outcome of Prop 8
December 4, 2008 at 1:05pm

Though Proposition 8 passed in last month’s election, protests of the newly re-instituted ban on gay marriage in California continue.

Chicago connections helped Ebony snag Obama interview
December 3, 2008 at 3:41pm

Some see President-elect Barack Obama’s decision to sit down for his first print interview with Ebony magazine as a symbolic nod to the readers of the historic black magazine.

David Gregory in line to succeed Tim Russert on ‘Meet the Press’
December 3, 2008 at 12:30pm

David Gregory is in talks with NBC News to become the next moderator of “Meet the Press,” the popular Sunday news show.

Silda Wall Spitzer becomes the family breadwinner
December 3, 2008 at 11:00am

Her husband out of a job, Silda Wall Spitzer has gone to work for a New York City hedge fund.

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Muckety Business & media
December 3, 2008 at 12:30pm

David Gregory is in talks with NBC News to become the next moderator of “Meet the Press,” the popular Sunday news show.

November 28, 2008 at 10:09am

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

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.

Muckety News & politics
December 3, 2008 at 11:00am

Her husband out of a job, Silda Wall Spitzer has gone to work for a New York City hedge fund.

December 1, 2008 at 11:45am

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.

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.

November 29, 2008 at 7:34am

Janet Napolitano, Barack Obama’s pick for Homeland Security secretary, first came to Washington 17 years ago to represent Anita Hill during Clarence Thomas’ confirmation hearings.

Real estate


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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

See more Jack Black videos at Funny or Die


Internet musical protests outcome of Prop 8


Though Proposition 8 passed in last month’s election, protests of the newly re-instituted ban on gay marriage in California continue.

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