Political rout: “Republicans reclaimed the House majority tonight with an across-the-board sweep in every corner of the country, a victory rooted heavily in a deep dissatisfaction with the direction of the country and more particularly the economy.”
Politico notes that it was a rough night for Democrats, and especially so for Nancy Pelosi.
Finally, Sylvester Stallone says that when he said to throw out the Manchurian Candidate, he wasn’t talking about Obama.
The wait is over: The Fed will announce today its controversial plan to buy billions of dollars in government bonds to keep the struggling economy alive. But the central bank may be underestimating the risk of inflation.
Libya thinks $100 oil will be good for producers… like Libya
Corporate America: GM is looking at a huge tax break worth as much as $45 billion.
Google settles its Buzz privacy suit for $8.5 million.
Andreeson Horowitz $650 million for a new fund.
And banking analyst Meredith Whitney is ravaged by a bull market.
Finally… In honor of the election, let’s remember it isn’t everyday we’re gonna be the same way…