"Hillary Clinton must be feeling John McCain's pain. For months and months she battled against Obamamania -- the lofty rhetoric, the swooning girls, the giant crowds and the massive turnout of young people. She tried to mock and belittle his language. (Who can forget the cringe-inducing 'Change you can Xerox'?) She tried to raise doubts with the ' 3 a.m.' ad about Barack Obama's readiness to serve as commander in chief. But in the end she lost. Now McCain is trying his hand, using some of the very same arguments. His Celebrity ad and a subqequent one dubbed the 'Fan Club' go straight at Obama's mass-movement popularity. His message, not unlike Clinton's, is clear: Obama is very cool but he is not presidential material." (Observer)
"By one calculus, Delaware's Sen. Joe Biden, who made a quick trip overseas for a first and assessment of the confrontation between Georgia and Russia, may have become the front-runner. But Obama is scheduled to be in Virginia this Thursday, giving him a perfect moment in the days before the Democratic National Convention to anoint Virginia Gov. Tim Kaine as his running mate. Whoever it's going to be is scheduled to give the speech of his life at the convention next Wednesday. He -- or she -- may want to start working on a first draft." (Jake Tapper/ABCNews)
"Nouriel Roubini, an economics professor at New York University, stood before an audience of economists at the International Monetary Fund and announced that a crisis was brewing. In the coming months and years, he warned, the United States was likely to face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession. He laid out a bleak sequence of events: homeowners defaulting on mortgages, trillions of dollars of mortgage-backed securities unraveling worldwide and the global financial system shuddering to a halt. These developments, he went on, could cripple or destroy hedge funds, investment banks and other major financial institutions like Fannie Mae and Freddie Mac. The audience seemed skeptical, even dismissive. As Roubini stepped down from the lectern after his talk, the moderator of the event quipped, 'I think perhaps we will need a stiff drink after that.' People laughed — and not without reason." (NYTimes)
"This is the sad story with a happy ending! For two days I received calls from my photographer friends to quickly come snap pictures of the Jonas Brothers and country music star Taylor Swift at Central Park, Columbus Circle, at Trump Hotel, at the fountain in front of the Plaza... And each time I just missed them by a hair -- and we know with tweens it's all about the hair. Also think back, for two days it has alternated with 90 degrees being replaced almost instantly by torrential downpours, only to clear again minutes later; not the best for any kind of photography or filming." (Papermag)
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