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H1 New York Times $700 Billion Is Sought for Wall Street in Vast Bailout The Bush administration is requesting virtually unfettered authority for the Treasury to buy mortgage-related assets. Text of Plan | Bailout Q. & A.

Wall Street Journal Everyone Needs to Worry About Iran The mullahs' drive for the bomb is not a partisan concern. By RICHARD HOLBROOKE, R. JAMES WOOLSEY, DENNIS B. ROSS and MARK D. WALLACE

Boston Globe Iraq moving toward Biden's controversial vision Power being decentralized on its own

Financial Times Capitalism in convulsion In just two momentous weeks, the landscape of global finance has been dramatically transformed

The shadow banking system is unravelling A hedge fund shake-out is likely, says Nouriel Roubini - Excessive risks, high leverage and poor management mean a shake-out among bloated hedge funds is likely

Defaults will test a fair-weather construction Wolfgang Münchau on the global financial sector

What is the best solution? The right measures in desperate times? Raghuram Rajan and Charles Calomiris on how to stem the financial crisis

This is no time for politics of the playground Obama and McCain were bound to seem irrelevant to the task of stabilising the financial system, even though important principles are at stake in that effort. But whichever of them wins in November, the fallout from this emergency will probably cloud the next administration’s first two years in office, says Clive Crook

A long shadow Low interest rates and finance through deficits may have been right for the Depression but the techniques look unsustainable in the face of the current crisis

Racial views steer some white Dems away from Obama Deep-seated racial misgivings could cost Barack Obama the White House if the election is close

NYT PAUL KRUGMAN

Cash for Trash

Henry Paulson is demanding extraordinary power for himself to deploy taxpayers’ money on behalf of a plan that, as far as I can see, doesn’t make sense.

Los Angeles Times Small allies, big headaches By Gideon Rose Major powers have to be wary lest friendly nations lead them down a slippery slope to conflict

Newsweek Haass: How Obama and McCain See the World

Why Realists are Worried About McCain

Brzezinski: We're In A New Era For Foreign Policy

Zakaria: How to Spread Democracy Valiant efforts are being made every day to end hunger, reduce poverty, save lives. But if we truly want to solve the world's problems, here are five things we need to do.

Washington Post Rough Week, But America's Era Goes On

By Niall Ferguson, Does Wall Street's meltdown presage the end of the American century?

A Bad Bank Rescue By Sebastian Mallaby, The plan involves vast risks, huge complexity and no guarantee of success.

Bush Crafts a Handoff By Jim Hoagland, A war that can be won is a valuable asset for a presidential candidate. It spreads hope and wards off vote-numbing despair on the campaign trail. For Barack Obama, the winnable war is Afghanistan. John McCain makes the same claim for Iraq.

A Prescription for Recovery

By Robert H. Dugger This crisis is an economic heart attack, but not a fatal one.

The Confidence Game By Robert J. Samuelson Better than continued turmoil, yes, but will the government's plan restore trust?

The Plain Vanilla Revolutionary

By David Ignatius

A Peace From the Bottom Up

By Jackson Diehl The Israeli-Palestinian peace process is dead. It's time to try something else.

New York Times But Will It Work? Some are skeptical of the Treasury plan, despite wide agreement on the need for a broad intervention.

Bubblenomics By DAVID LEONHARDT The hissing sound you hear is the economy shrinking.

NICHOLAS D. KRISTOF

The Push to ‘Otherize’ Obama

The political campaign to transform Barack Obama into a Muslim is succeeding. The real loser as that happens is our entire political process.

THOMAS L. FRIEDMAN

No Laughing Matter George W. Bush never challenged Americans to do anything hard, let alone great. The next president is not going to have that luxury

Back in Iraq, Jarred by the Calm By DEXTER FILKINS In Baghdad, a war reporter rediscovers a social fabric he thought was lost forever

Independent Robert Fisk's World: Why does the US think it can win in Afghanistan?

McClatchy In Black Sea port, Ukraine is sovereign, but Russia rules

History Will Judge By: Charles Krauthammer | The Washington Post
Indeed, the three presidential campaigns between the fall of the Berlin Wall and Sept. 11, 2001, were the most devoid of foreign policy debate of any in the 20th century. The commander-in-chief question that dominates our campaigns today was almost nowhere in evidence during our '90s holiday from history

Ha’aretz – Olmert hands in his formal resignation to President Peres

ANALYSIS / Even Assad has a better opinion of Livni than Barak Barak's meeting with opposition leader Netanyahu is unequivocal sign of Livni's slim chances of forming gov't

Ex-IDF chief: Israel can't avoid a military confrontation with Iran Moshe Ya'alon calls on world to stand up to Ahmadinejad like they did against the Nazi threat in WWII

Iran 'galloping toward a nuclear bomb,' military intelligence chief says MI chief: As Iran progresses in developing bomb, the world seems less inclined to stop

Obama's Foreign Policy Advantage By: Matthew Yglesias | The American Prospect
Nouri Al-Maliki's endorsement of Obama's withdrawal timeline was a coup for the candidate. And even though economic issues have elbowed foreign policy out of the headlines, Obama shouldn't forget it

Policy and Strategy in an Era of Globalization Patrick Gorman, Office of the Director of National Intelligence

How Paulson Became the New Face of Capitalism - Daniel Gross, Newsweek

The Times Desperation: the threat to Pakistan The State can do little to prevent terrorist attacks, but a counter-terror response will have a disastrous effect

No theory can stop boom and bust

Since the 19th century, economists have sought to stabilise the trade cycle and prices simultaneously, without success

William Rees-Mogg

How to Stay in Iraq
for 1,000 Years by Frida Berrigan

Iraq: A Precarious Peace By: Claude Salhani | The Middle East Times

• 'The Islamic Republic's Economic Failure' by Patrick Clawson, Middle East Quarterly

• 'The American Military Advisor: Dealing with Senior Foreign Officials in the Islamic World' by Michael J. Metrinko, Strategic Studies Institute, Army War College

Reconciling the Arab Initiative with Israel's Core Requirements for Peace CCC This US article considers the potential of the Arab Peace Initiative to provide a basis for an Israeli-Palestinian peace

Yedioth AhronothPalestinian civil war nearing

All signs show that a bloody Hamas-Fatah confrontation will come soon, Moshe Elad writes

FT The arrest of Sudan’s Bashir should proceed Criminals must face justice, says Richard Holbrooke Bringing perpetrators of international crimes to justice may seem difficult in a conflict but is the right choice

Sunday Times A lack of guts let the spivs roam free The crash of 2008 has proved that capitalism, like any system of human behaviour, needs policing

Simon Jenkins

Tweedledum or Tweedledumber

The US economy is in crisis but neither presidential candidate has a credible solution Andrew Sullivan

Russia defies West over nuclear Iran Russia will resist western pressure for tougher United Nations sanctions against Iran over its nuclear programme

The secret life of Tzipi Livni

The woman set to be Israel’s new leader worked as an agent for a covert cell in an elite spy unit

McClatchy Financial uncertainty goes beyond home loans For the better part of 15 years, the U.S. economy roared in part because of innovations in finance that vastly expanded credit to people of all walks of life. What mortgage and consumer finance will look like after the current crisis has passed is anything but clear. And it's uncertain whether America will return to the days of easy credit to purchase a car, home or go to college

Newsweek Why McCain Loves Misha Georgia's president is a man after the Republican nominee's heart. That's what worries some advisers

A Conversation with Journalist Bob Woodward

Joint Strategic Assessment Team II Sean Naylor of Army Times reports that General David Petraeus is planning to form a team of under 100 experts to conduct a top-to-bottom strategic assessment of US Central Command’s area of responsibility.

The operators Behind a seductive Wall Street conspiracy theory. (By Drake Bennett, Boston Globe)

Debka Israeli intelligence revises estimate: Iran is progressing fast towards a nuclear bomb

Playing Depression-Era Monopoly - Lawrence Lindsey, Weekly Standard

H 2 Mark Parris US-Turkish Relationship: What's Wrong with This Picture?

CFR Turkey's Foreign Policy Davutoğlu interview

Turkey's Near Abroad With tensions between Russia and Georgia resonating in Turkey, Ankara seeks to balance its economic and strategic partnerships in the Caucasus.

Newsweek Turkey’s Media War The dispute is really a political matter—yet another attempt by Erdogan and the AKP to neuter a bastion of opposition. By Soner Cagapta

Heading Both WaysTurkey is a U.S. ally that also depends on Russia. No wonder its foreign policy is so confused.

Looking beyond Talabani GulfNews