George Wenschhof

Gingrich Campaign Spends $250,000 on Iowa Ad - begins airing today.



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Cain To Endorse Gingrich Today - Fox New Atlanta is reporting the endorsement will come today. You can read more here.

Not, that the Cain endorsement will count for much at this point. If, Newt is the recipient, much will be said of one womanizer endorsing another....

My analysis is the Cain rise and fall in the Republican presidential sweepstakes was so quick, voters did not have time to attach to Herman Cain. Therefore, their allegiance is limited and it is more likely they will gravitate to the candidate catches their fancy. Which, makes the Cain endorsement more or less meaningless.

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Euro Zone Meetings This Week - french President Nicholas Sarkozy and German Chancellor Angela Merkel meet today, prior to meetings with the full European Union summit on Friday. U.S. Treasury Secretary Tinothy Geithner is also expected to attend.

How Greece and Italy fare in the bail out measures will impact the world economy. BBC News has more here.

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Putin Party Loses in Russia Parliament Elections - in a rebuke to Vladimir Putin, voters turned against the United Russia Party, with exit polls showing less than 50% won election yesterday. Election monitors also suggest a flawed vote, indicating it was likely United Russia Party representatives received even less support of the voters. The Washington Post has a good read on the implications of the election here.

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Reid To Introduce New Measure on Payroll Tax - Senate Majority Leader Harry Reid (D-Nev.) will introduce a new version of the bill after competing plans put forward by Democrats and Republicans failed last week. The issue is how the savings in the bill would be paid. The average family would see a yearly increase of $1,500.00 in taxes if the bill is not extended by the end of December. The Wall Street Journal has more here.

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Cordray Unlikely To Receive Senate Confirmation - Richard Cordray bid to become the director of the new Consumer Finance Protection Agency will likely come to an end when the Senate votes on his appointment. Republican Senators have long opposed the creation of the new agency and it was their opposition to Elizabeth Warren which led her to abandon her attempt to become director and choose instead to run for U.S. Senate in Massachusetts. Politico.com has more here.

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Iran Captures U.S. Drone - a unmanned drone on a flight over western Afghanistan, which borders Iran, has gone missing with Iran claiming they shot it down. CNN.com has more here.

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