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Obama cites "Seneca Falls and Selma and Stonewall" in his second inaugural address after failing to push strongly enough to address poverty and civil rights, housing foreclosures impact on minorities, and immigration during his first term. Stevenson says the address was filled with King's "urgency of the now," in pushing for progressive values in an unabashed manner. Freed from the constraints of the first term Obama senses the urgency of the moment if he is not to lose the opportunity to have contributed to the march of progressive values in America during his term as president. A cautious president feels the urgency of the progressive spirit that marked his early years, his first book, his work as a community activist and Illinois legislator; if all this is not to be lost in the burdens of the presidency, the pressures of politics, the fundraising machinery, election manoeuvring and vote getting that secured the presidency.

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Seib points to the part of the president's inaugural speech that said action must be taken even if victories are partial, that the debates over the role of government could go on for all time, but action however imperfect needs to be taken in this time. There is a sure willingness to engage in more partisan fights with Republicans and a broader list of issues from climate change to immigration, gender equality and curbing guns. The diffusion of the pent up purposes- pentup by the first term economic and healthcare issues- and the short time during the second term of 2 years to accomplish this, adds to the urgency for the president Obama.

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Reilly says profits at Fannie Mae suggest the company is likely to pay back $90 billion of the $116.1 billion it borrowed from the government after being taken over by the government in 2008.

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55% of Chrysler cars went to corporate and rental fleets in Septemeber and incentives are higher than ever, both warning signs for Chrysler. New Fiat models are not due for another 2 years.

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The culture of risk at Societe Generale and the lax supervision that led to huge losses. See the link to NYT, February 5, 2008.

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On Thursday October 8, Morgan Stanley shares dropped by 26% to $12.45, the lowest price in a decade. And fears swirled around possible reconsideration by Mitsubishi UFJ of Japan of a $9 billon investment in Morgan Stanley. This put Morgan's head John Mack in a busy day dispelling rumors about Morgan.

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The last minute efforts by Boehner and Reid to come up with their own backup plans for U.S. deficit reduction one week before the August 2, 2011, U.S. debt ceiling deadline.

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Siobhan Gorman of the Wall Street Journal interviews Michael Morrell of the U.S. Central Intelligence Agency. Mr Morrell has been at the CIA for 31 years and is a senior advisor to General Petraeus, new head of the CIA. Here he describes the efforts of the CIA and his advice to Gen. Petraeus.

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The problems divergence between developed and developing economies creates for companies- in slow growth on one side and fast growth with asset bubbles on the other side.

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A sense of entitlement and hold on power can be seen throughout Africa. A lack of the kind of education that creates an ethic of responsibility for the educated and ruling classes, an honest civil service, and experience with and development of democratic institutions with their own checks and balances, account for some of the principal reasons for this failure in government. Even in South Africa, which has experienced several elections and is on the path to gaining experience in democratic government, Jacob Zuma and the African National Congress display some of these tendencies of entitlement to power.

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Investment strategies of China Investment Corp., China's sovereign wealth fund. WSJ's Lingling Wei's interview with Wang Jianxi, executive vice president and chief risk officer at China Investment Corp., in March 2012.