
Reuters – New applications for unemployment benefits dropped to a near four-year low last week, a government report on Thursday showed, pointing to continued improvement in the labor market.
The Labor Department said initial claims for state unemployment benefits dropped 50,000 to 352,000, the lowest level since April 2008 and the biggest drop since September 2005…..
More here
Steve Benen: The general trend on initial unemployment claims over the last two months has been largely encouraging, though there have been setbacks. Last week, for example, was a step in the wrong direction. This week’s report, however, was a very pleasant surprise. Initial claims not only dropped sharply, they fell to a level unseen in nearly four years.
More here
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Today:
9:15: PBO departs the White House
11:40: Arrives in Orlando
12:35: Delivers remarks
2:15: Departs Orlando
4:30: Arrives in New York City
5:30: Delivers remarks at a campaign event (Daniel Restaurant, Print Pool)
6:30: Delivers remarks at a campaign event (Daniel Restaurant, Print Pool)
7:50: Delivers remarks at a campaign event (Private Residence, Print Pool)
9:25: Delivers remarks at a campaign event (Apollo Theatre, Pooled for TV)
11:05: Departs New York en route to Joint Base Andrews
12:20 Arrives at the White House
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Charles Pierce: ….. The decision by the Obama administration to scuttle (for the moment) the Keystone XL pipeline for good already has been responsible for the birthing of many public cows among the president’s Republican opponents……
This was an act of authentic political courage. The Republicans have turned the pipeline into an idiotic campaign litmus test and hung a ridiculously short deadline on the approval process, a deadline that nobody directly affected by the project thought was in any way adequate….
More here
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Sun Times: President Obama’s top strategist, David Axelrod, is launching an Institute of Politics at his alma mater, the University of Chicago, to create bipartisan programs bringing big names in politics to campus and internships for students.
“If years from now I run across young people who have participated in this Institute who are now writers and staffers and yes, candidates, we’ll have done our job well,” Axelrod said in a conference call on Wednesday.
The U. of C. institute will be largely modeled on Harvard University’s Institute of Politics….
More here
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Steve Benen: With Mitt Romney still refusing to release his tax returns, we can only speculate as to why he’s so afraid of disclosure. The widely held assumption has been that the Republican frontrunner is embarrassed by his “15% problem” …. But that’s not the only thing Romney’s returns might show. Reuters’ Sam Youngman reported on a related issue:
His vast fortune is invested in dozens of funds linked to Bain Capital ….. Several Bain funds have offshore connections and take advantage of tax breaks used only by the U.S. financial elite…..
It’s worth clarifying that no one has accused Romney of doing anything illegal … But it doesn’t exactly help paint a picture of Romney as a “man of the people”…..
Full post here
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TPM: Turns out Mitt Romney wasn’t the first GOP candidate in 35 years to take Iowa and New Hampshire. In fact, the certification of Iowa caucus votes conducted by the state GOP shows Rick Santorum likely won – by 34 votes, though officials are officially calling it a “split decision.”
More here
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In case you missed it last night:
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January 17, 2012. President Barack Obama unexpectedly runs into Michelle on her birthday in the basement of the White House.

Though official duties filled much of the day, Tuesday was also Michelle Obama’s 48th birthday. As the president returned to the West Wing in the evening, he unexpectedly met the First Lady. “Obama gave her several kisses and wished her a happy birthday then walked off,” Morris says. “It was the highlight of the day for me—something you can’t plan for as a photographer. It was the most interesting photograph for me of the day by far.”
Time (more photos at the link)
Thanks aamom


Morning everyone




























