Thu 8 Jan 2009 | 17:06 EST

Today on Reuters 

Bernard Madoff is escorted from Federal Court in New York January 5, 2009.  REUTERS/Lucas Jackson
Exclusive:

Madoff moved $160 million to UK firm 2:15pm ET

Disgraced financier Bernard Madoff moved nearly $160 million of his own assets to his British-based firm in 2007, according to filings and accounts obtained by Reuters.  Full Article | Topics 

Bernard Madoff is escorted from Federal Court in New York January 5, 2009.  REUTERS/Lucas Jackson
Exclusive:

Madoff moved $160 million to UK firm 2:15pm ET

Disgraced financier Bernard Madoff moved nearly $160 million of his own assets to his British-based firm in 2007, according to filings and accounts obtained by Reuters.  Full Article | Topics 

President-elect Barack Obama makes a speech on the economy at George Mason University in Fairfax, Virginia, January 8, 2009.  REUTERS/Jim Young

Bold action needed 1:30pm ET

Barack Obama warned of a lengthy recession without decisive action, proposing a $1,000 tax cut for working families and improving energy efficiency in millions of homes.  Full Article | Video 

A job resource flier is seen on the community resources wall at the New York State Department of Labor in New York December 9, 2008. REUTERS/Shannon Stapleton
Jobs in focus

Investors will be closely watching Friday's payroll numbers, which are expected to show another big drop.  Full Article 

Personal Finance

Linda Stern
Should you refinance?

Mortgage rates have been tantalizingly low and, for many, the decision to refinance has
been a no-brainer. But not for all.  Commentary 

Diana Furchtgott-Roth
The $300 billion tax cut: Let’s do it right

President-elect Obama announced on January 8 that he is planning to use $300 billion of his $700 billion two-year stimulus package for tax cuts—but we should not celebrate too soon.  Commentary 

to
Commodity Last Pct Chg Trade Date/Time
Oil 48.15 -1.08% 08 Jan 2009 16:54 EST
Gold 857.7 +1.97% 08 Jan 2009 16:52 EST
A freeway billboard displays an advertisement for foreclosure assistance in Fontana, California January 5, 2009.
Signs of the Times

The global recession manifests itself in big ways and small: most gloomy, some quirky and many reflecting the inventive human spirit.  Factbox 

Two Sansa slotMusic Players are seen against a background of music available for the player at the SanDisk booth at the annual Consumer Electronics Show (CES) in Las Vegas, Nevada January 7, 2009. REUTERS/Rick Wilking
CES 2009

Get live updates on new gadgets and insights on technology trends for 2009 from the Consumer Electronics Show in Las Vegas.  Full Coverage 

Bernd Debusmann
Pakistan, Mexico and U.S. nightmares

What do Pakistan and Mexico have in common? They figure in the worries of U.S. military planners trying to identify the next big threats, writes columnist Bernd Debusmann.  Commentary 

The media is watching
3:53pm EST 
Occasionally cameras are turned on the media themselves. Here's a showcase of images focusing on journalists.
Obama officially elected

Jan. 8 - The U.S. Congress officially declared Barack Obama as the next president of the United States in a ceremonial, yet constitutionally required state by state tally of the electoral college votes.  Play Video

 
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