Responding to new trade deficit figures, an economic adviser to Sen. Barack Obama (D-IL), Jason Furman, said the United States should “change our economic policies by investing in education, new energy jobs, and technology so that we can strengthen the productivity of our workers and businesses; by enforcing our existing trade agreements and negotiating better trade agreements; and by reducing record budget deficits and raising low savings rates so that America does not have to borrow hundreds of billions of dollars annually from abroad.”

The New York Observer looks at the test for the presidential candidates presented by the conflict between Georgia and Russia.