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The Two-Way
5:03 am
Fri November 4, 2011

Corzine Resigns From MF Global

Jon Corzine.
Rich Schultz AP

Originally published on Fri November 4, 2011 12:42 pm

(A new top and some other material were added to this post at 11:50 a.m. ET.)

Jon Corzine is now the unofficial "poster child of the times" and the "fall guy" that all those who blame Wall Street for much of the nation's economic troubles can point to, Reuters columnists Antony Currie and Jeffrey Goldfarb write.

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The Two-Way
4:43 am
Fri November 4, 2011

Pakistan: 'The Ally From Hell' That Hides Its Nukes From The U.S.

On the Afghan side of the border with Pakistan, a U.S. soldier stood guard last month as a boy walked by in Nangarhar province.
Tauseef Mustafa AFP/Getty Images

The headlines this morning on the websites of The Atlantic and National Journal certainly grab your attention:

-- "The Ally From Hell." (The Atlantic)

-- "The Pentagon's Secret Plans To Secure Pakistan's Nuclear Arsenal." (National Journal)

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The Two-Way
4:00 am
Fri November 4, 2011

Jobs Report May Offer Glimmer Of Good News

Originally published on Fri November 4, 2011 4:01 am

The most-anticipated economic news of the week — word about the October unemployment rate and, hopefully, how many jobs were added to payrolls last month — is due at 8:30 a.m. ET.

A month ago, the Bureau of Labor Statistics said the jobless rate in September was 9.1 percent and that 103,000 jobs were added to private and government payrolls.

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Generational Politics: Silents to Millennials
2:00 am
Fri November 4, 2011

Millennials Uncertain Of Loyalty Toward Obama

Millennials cheer for Democratic presidential candidate Barack Obama at a rally in Roanoke, Va., in 2008. Young voters are poised to play a key role in choosing the next president.
Jae C. Hong AP

Originally published on Fri November 4, 2011 7:25 am

It felt like 2008 all over again in Philadelphia this week. A DJ played a song by the Black Eyed Peas to warm up a crowd of about 500 students from local colleges. President Obama's campaign manager, Jim Messina, exhorted the crowd at the University of Pennsylvania to volunteer, to apply for internships and, of course, to vote.

"There's 8 million registered voters who are 18 to 21 who weren't old enough to vote last time, who are going to cast their first vote, and they're going to do it for Barack Obama," Messina said. "Raise your hand if you're 18 to 21!"

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Europe
1:25 am
Fri November 4, 2011

Housing, Banks Weigh On Spain's Fragile Economy

A broker uses a phone in front of the main screen at the Stock Exchange in Madrid, Spain. The country's central bank recently warned of "troubled exposure" to real estate, heightening fears about the stability of Spain's banks.
Daniel Ochoa de Olza AP

Originally published on Fri November 4, 2011 9:22 am

With Greece in flux over whether it'll remain in the eurozone, other weak economies like Spain are feeling the heat.

The worst could be yet to come in Spain — not because of public debt, but because its banks are still laden with unpaid real estate loans, putting both the banks and the housing market in jeopardy. Real estate prices in Madrid are still high, though salaries are frozen and unemployment soars. When Ireland's housing bubble burst, prices dropped more than 40 percent. But in Spain it's an 18 percent drop on average.

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