Immanuel Wallerstein reflects on Obama's victory and describes the current crisis as a depression, placing it in the context of broad political-economic trends. Ismael Hossein-Zadeh enumerates several flaws in Paulson's bailout plan and suggests a homeowner-centered alternative.

http://www.againstthegrain.org/program/113/id/461410/wed-11-12-08-new-day-black-clouds