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Lobbyists Hire Dems, FCC Expands Use of Airwaves, Michigan Dimes Redeemed

POSTED: 11:23 AM ET, 11/ 5/2008 by Chris Matthews

Welcome to today's Daily Read. Barack Obama was elected the nation's 44th president last night in decisive fashion. The president-elect faces hard choices and challenges in his first term. Meanwhile, the state of Michigan is losing $10 million a year because people are redeeming containers bought in other states and Washington's $3 billion lobbying industry is hiring Democratic operatives.

Lobbying Industry Hiring Democrats » Washington's $3 billion lobbying industry has begun shedding Republican staffers and absorbing Democratic operatives and entire firms, a shift that started before Tuesday's election. — Wall Street Journal

Out-of-Staters Exploit Michigan's Dime Deposits » Michigan, the only state with a dime deposit on all carbonated-beverage containers, would have at least $10 million a year more for environmental cleanup if not for people redeeming containers that were bought in other states. — The Washington Post

FCC Expands Use of Airwaves » The FCC approved a plan to allow unused airwaves, called white spaces, to be used by devices like cellphones and laptops when that spectrum becomes available after the transition from analog to digital television. — The Washington Post

Financial Crisis » The Post's Anne Kornblut writes that Obama's measured and aggressive response to the financial crisis sealed the election...meanwhile, AIG's troubles are causing problems for dozens of municipal transit authorities, which want the federal government to help them avoid multimillion-dollar early-termination fees for tax shelters linked to the insurance giant... the market for credit-default swaps seems to be smaller than many analysts believed, and countries, not just companies, are often the subject of contracts that are used to protect investors against losses from defaults. — The Washington Post, The New York Times

Lawmakers Pressure Pentagon to Release F-22 Funds » Senior House lawmakers are pressuring DOD officials to release congressionally approved funding for the Air Force's F-22 fighter jet, the subject of a running battle between Pentagon and Air Force leaders. — The Wall Street Journal

By Chris Matthews |  November 5, 2008; 11:23 AM ET The Daily Read
Previous: Record Turnout Causes Problems, But Fewer Than Thought | Next: Scandals Don't Hamper Alaskans, But Oust Florida Lawmaker

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