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There are conflicting reports concerning the future and the direction of an Air Force program designed to command and control cyberspace. Over the summer Air Force decided to halt operations towards the building of a Air Force Cyber Command – due mostly to the change in top brass, but also because AF was stepping on some Department of Defense toes when it decided to be the sole protector of cyberspace (much in the same way they “control” outer space).

Bob Brewin, of NextGov, reported yesterday that AF has “decided to pursue forming Cyber Command to defend Defense Department networks and to launch cyberattacks against foes after putting the project on hold in August,” as a result of some meetings in Colorado Springs, Colorado. But, the Air Force Times has drawn a decidedly different conclusion from those meetings. More on the flip side.
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We print your money

The Treasury Department released a rough outline of how the government plans to manage the $700 billion recovery plan yesterday, the New York Times reports. Among some of structure provisions is a timetable to have things ready in six weeks. They also formally announced that Neel Kashkari, 35, a former executive at Goldman Sachs who is an assistant secretary for international economics, will be in charge of the newly created Office of Financial Stability. Click on through to the other side…
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Three of the four national daily news papers have touched on a subject I wrote about a few weeks ago. The New York Times and USA Today discuss in two editorials the importance of the Presidential election on the Supreme Court. Meanwhile, the Washington Post clearly dissects the Court demographics to help explain exactly what is at stake. Details on the flip side.
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I’ve never seen this, but as one trusty Prologuer pointed out, the defense bill was just passed. I’m quick to rebut that what follows is not just defense procurement but a bevvy (and incomplete) summary of what has been contracted government-wide over the last week.  There’s over one hundred and thirteen separate contracts listed by the Washington Post on the flip side – try to find your favorite! I’ve still never seen this many in the Post before…

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The German Chancellor looks unimpressed by the growing unease in European markets

The German Chancellor looks unimpressed by the growing unease in European markets

The New York Times and the Wall Street Journal are both reporting today on the effects of the American credit crisis on European soil. It seems as though Monopoly Europe has just been released. More on the flip side.

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What a week it’s been. The $700,000,000,000 “bailout” or “rescue” package, the McCain/Obama debate, and now word that Citi Group has bought Wachovia has given the news networks just about reason enough to be 24-hour. As usual, though, Past & Prologue will try to dig through the noise. Today, the New York Times and Washington Post are both reporting on a story, we think deserves your attention and will warrant close coverage leading into the next administration – whoever that may be.

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Both the New York Times and the Wall Street Journal are reporting today that the Treasury’s bailout plan is pushing forward through Congress. The plan is not without its detractors, however. See the flip side for a quick rundown and some irresponsible predictions…

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