The New York Times' big story today, detailing President Obama’s role in the country’s counterterrorism efforts, should ignite a slow burn of new coverage and heated questions in the upcoming weeks. The scene, which presents Obama looking through Al Qaeda members' biographies and making the final life-or-death call of which suspects make their way onto what the Times calls "macabre 'baseball cards' of an unconventional war," feels ripped right from the third episode of The West Wing, "Proportional Response," where President Jed Bartlet struggles with the difficult decisions of war, in a cinematically presidential way.
Finance ministers from the 17 eurozone countries agreed this week that it's time to make contingency plans in case Greece drops out. While some leaders—like new French President François Hollande—have floated offering eurobonds to struggling member states like Greece and Spain, German Chancellor Angela Merkel is standing her ground. "We want Greece to remain in the eurozone," Merkel said after yesterday's European Union summit. "But the precondition is that Greece upholds the commitments it has made."
Unless Congress and the White House work together to manage the budget sequestration and tax hikes scheduled for the end of the year, the economy could plummet into a mild recession—growth contracting by an estimated annual rate of 1.3 percent—according to the Congressional Budget Office.
Facebook makes its blockbuster market debut today, and as The New York Timespoints out, "the trading on Friday is the the equivalent of a must-see Super Bowl Sunday showdown for people who don’t ordinarily watch a football game." The social network's stocks have been priced at $38 a pop, which means the company is valued at $104 billion, making it the second biggest initial public offering ever. If the company's first day on Wall Street follows the tech trend, it could be worth $137 billion by the end of the day.
Montana knows all about buying elections. In 1899, just ten years after it became a state, William Andrews Clark, known as the Copper King, spent an estimated $400,000—the equivalent of $11 million today—to buy the votes of state legislators to send him to the United States Senate. After a lengthy investigation, Clark resigned before the Senate could boot him out. The scandal turned from shocking to farcical when Clark, who bragged that he “never bought a man who wasn’t for sale,” returned to Montana and the lieutenant governor reappointed him to the position from which he’d just been removed.