Morning Post – Jan 3

I words for a Tuesday:

1. Iowa
– The caucuses will take place in what passes for nice weather up yonder this time of year (cold, not wet).
Perry and Bachmann head to South Carolina but why?

“I think there is a lot of soft, hidden support that’s going to come out tonight at the caucuses,” Bachmann said on Fox News.

Because nothing says ‘comeback’ like soft, hidden support.
And via Politico this trio of crash and burn stories for your reading pleasure:
How Bachmann blew it.
How Newt Blew it.
– And Herman Cain says his wife is doing great.
Awesome. Results here when the time comes.

2. Iran
– Oh great. Threaten the US Navy.

“I advise, recommend and warn them over the return of this carrier to the Persian Gulf because we are not in the habit of warning more than once.”

There are two 40 percents to consider in the story – 40 percent of the world’s traded oil flows through the straight and the rial has dropped 40 percent against the dollar in the past month.
Here’s 25 minutes of discussion on the matter done by an actual news channel.