New presidential effort, featured at opportunity.gov, says "unemployed workers receiving unemployment benefits may qualify for a special hand in paying for education and training." Now senator Harkin from Iowa (D) applauds the presidential initiative and urges people of Iowa to take advantage of opportunities provided at opportunity.gov.

Week in and week out, the best two reads on Bloomberg are Caroline Baum and Jonathan Weil. Please consider Weil's article: Obama Stakes His Fortunes on Failed Banksters.

The European Union's Czech presidency sharply criticized Washington's efforts to combat the financial crisis a week before world economic powers are meeting to discuss the issue in London. The remarks come amid worries a separate political crisis in the Czech Republic may undermine its EU leadership.

U.S. President Barack Obama says that starting Saturday morning, employers across the country will begin reducing taxes for 95 percent of working families, under the economic stimulus plan he signed into law earlier this week.

U.S. President-elect Barack Obama says his economic recovery plan is projected to save or create between three and four million jobs by the end of 2010.

How far will the Fed go? It looks like the Fed is going to take whatever it takes to rescue the U.S. Financial System. Today's report shows that the Fed is prepared to lend $7.4 trillion on behalf of U.S. taxpayers to rescue the troubled financial system that started last year.

Saturday on the weekly Democratic radio address, Barack Obama outlined his economic plan, and how he plans to add 2.5 million jobs by 2011.

European Union economists and officials are working on a $164 billion aid package to help stimulate the economies of its 27 member nations.

Senator Obama gave an interview today to the WSJ about his economic plans. I'll post something later about the whole plan, such as it is, but this part caught my eye:

There have been so many housing and mortgage proposals and counterproposals released in the past few weeks and yesterday's Wall Street Journal pretty much sums up the state of the housing and mortgage markets.

"Today, Secretary of the Treasury Hank Paulson has offered a balanced and thoughtful approach to modernizing our financial system. Secretary Paulson rightly recognizes that we can help mitigate future market turmoil with smarter regulation, but that we must resist the growing political pressure to rush headlong into ill-considered regulations that would stifle innovation, drive jobs overseas, and hurt America's economic health.