What's Warming Up In The Bullpen [More Misery]
■ Unemployment rate up to 6.5% in October, employers cut 240,000 jobs in October, bringing the year's total job losses to nearly 1.2 million. [CNN Money]
■ Ford burns through $7.7 billion, more job cuts. [Clusterstock]
■ Ford posted a 22% drop in quarterly revenues and announces more job cuts. [WSJ]
■ Chrysler preparing worst-case scenario. [New York Times]
■ Citigroup planning another round of layoffs. [New York Times]
■ Ford, GM say they'll do anything for taxpayer bailout. [WSJ]
■ Banks eager to dump trash assets on taxpayers, Treasury not buying [WSJ]
■ Patients too poor to pay doctors, hospitals [New York Times]
■ GMAC leaves individuals holding car lender's $15 billion junk-rated debt. [Bloomberg]
■ States face unemployment cash crisis, forcing them to borrow from Washington to pay claims. [CNN Money]
■ Financial crisis related suicides likely to increase. [New York Times]
■ Business booming at pawn shops [Bloomberg]
■ Gas prices drop for 51 days straight. [CNN Money]
■ Wal-Mart sales up 2.4% versus Target down 0.7% [Orlando Business Journal]
■ Gun sales up in fears of Democratic ban. [AP via Yahoo]
OBAMA NEWS
■ Visit Obama's official "Office of the President-Elect" Web site and give your opinion on what needs changed, or apply for a job.
■ Obama appoints advisers for his Transition Economic Advisory Board (TEAB). [Telegraph]
■ Obama appoints Rep. Rahm Emanuel (D-Ill) chief of staff [Politico]
■ Obama appoints chief of staff [Aljazeera] (Just for fun...)'
■ Obama appoints Robert Gibbs as his White House press secretary [Politico via MLive]
■ Obama appoints Michigan Governor Jennifer Granholm and former Democrat Congressman David Bonior to his economic team. [Detroit News]
■ Possible names for top Obama administration jobs. [AP via Yahoo]
■ Jesse Jackson, Jr is lobbying Illinois Gov. Rod Blagojevich for the appointment of Obama's Senator seat. [USA Today]
■ Latinos push for Cabinet posts [Political via Yahoo]
■ Obama Chance To Appoint Supremes [Black Star News]
■ And Obama, only three days after winning the popular vote in the election, had a press conference. [AP via Yahoo] But note, he took no questions... get use to it.
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