The Federal Reserve's leadership doesn't want you to worry or anything, but before you woke up today they cut the federal funds rate by .75 percent. Their decision to do so may have had something to do with how yesterday's world markets ended up.

We take time today as we do every year to remember Martin Luther King, Jr. King was a rarity in a time of great social upheaval in the United States, a leader behind whom legions would fall in line in pursuit of the noble goals of equality, and by extension, peace.

Did you feel a lightness come over your heart yesterday? It may have been because January 20 marked the beginning of George Bush's last year in office as president.

After appearing to finish behind Ron Pal in Nevada, McCain balanced out his day by beating Huckabee and Thompson in South Carolina and winning the Republican primary there. Meanwhile, in Democratic Party news, even though Hillary Clinton clearly won Nevada by votes, the Obama campaign is arguing that they actually won because they ended up with one more delegate pledge than Clinton. You can get a current delegate tally here.

Insert gambling reference here. Hillary Clinton and Mitt Romney are the projected winners of the Nevada caucuses in Nevada. You can catch the returns from both the Democratic and GOP caucuses here as they are tallied.

If you had any doubt that the 2008 elections were going to be serious business in Texas, this report should convince you of the urgency and earnestness with which candidates have already been campaigning: from January to June of last year, politicos dropped just under $10 million on campaign activities.

David Medina, a Texas Supreme Court Justice appointed by Governor Perry in 2004, has been indicted in connection with a June 2007 arson fire at his home in Harris County.

The reports on Rudy Giuliani vary widely from day to day, often dependent on the results of the latest GOP primary and the opinions of pundits attempting to fill you in on What It All Means. However, as time progresses towards the line Giuliani has sworn to hold — Florida — the situation has taken on a grim sheen of ultimatum.

The Michigan GOP primary is today, and so the two or three candidates who have a shot there are all over it.

This weekend, CNN ran a lengthy election issues analysis piece beginning with a question: "Whatever Happened to the War?" Not long after that story was published, Clinton and Obama brought the war back to the forefront.