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CoverAwards Morning Media Links!

Fashion Magazine’s Like Lucky (Right) Are Hit Hard (WWD)

Time Inc. CEO Ann Moore Pulls Plug on Christmas party (NYP)

Essence Magazine letting go about 12 staffers (Gawker)

Cuts Hitting Dow Jones Newswire? (Talking Biz News)

Doubledown Media, the Publisher of Trader Monthly, also Announced Layoffs (NYP)

A First for the View Proving the Fights Pay Off!  “The View” finished No. 1 in Total Viewers Among Daytime Programs For the Week of Nov. 3. (TVWeek)

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Dow Jones Up Over 400 Points

The market surged today - so everybody can breathe a sigh of relief! (NYT)

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WALL STREET CRISIS: New York Times Calls House “Defiant”

To read the New York Times coverage, visit here.

WALL STREET CRISIS: AM New York - “Pols to Wall St..Bail Yourself Out”

To read AM New York’s coverage, visit here.

WALL STREET CRISIS: Newsday Says “Well, That Didn’t Work”

To read Newsday’s cover story on the Wall Street Crisis, click here.

WALL STREET CRISIS: NY Daily News Visualizes Market PLUNGE!

To read the New York Daily News cover story, visit here.

Which Team Do You Trust to Take Us Out of This Financial Crisis?

John McCain and Sarah Palin or…

Barack Obama and Joe Biden.

Leave your thoughts in the comments section.

U.S. Stock Market is CRASHING; House Defeats 700 Billion Dollar Bailout Bill

Breaking News: The House rejected a $700 billion Wall Street bailout bill Monday that administration officials said was crucial to avoid a broad economic collapse, reports CNBC, causing a massive drop in the stock market.

Hot Links:  Updates on the Market Crisis:

Drudge Report

UK Telegraph

New York Times

WSJ

FT

L.A. Times

USA Today

NY Post

A Wall Street Turn Around?

Wall Street bounced back today shooting the Dow Jones industrials up more than 400 points after a report that the federal government may create an entity that will take over banks’ bad debt, reports CNBC.

Treasury Secretary Henry Paulson is considering forming an entity like the one that was set up after the failure of savings and loan banks in the 1980s.

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Barack Obama Discusses The Financial Crisis

Barack Obama commented on the upheaval on Wall Street today saying it is ”the most serious financial crisis since the Great Depression.”  He also links it to Bush.

“This country can’t afford another four years of this failed philosophy,” Obama said after the shock-wave announcements that financial giant Lehman Brothers was filing for Chapter 11 bankruptcy while titan Merrill Lynch was being bought by Bank of America for about $50 billion.

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