Afternoon Update: Obama Unveils His National Security Team

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		Monday, December 1, 2008   Compiled 4 PM E.T.   TOP STORIES Advertisement Obama Unveils His National Security Team By DAVID STOUT Barack Obama called for “a new dawn of American leadership” as he formally introduced the team, led by Hillary Rodham Clinton as secretary of state nominee. THE CAUCUS Return of a Familiar Face By GERRY MULLANY Contrasting views overseas of Mrs. Clinton's selection, through the prism of an old administration. CITY ROOM New York Governor Deflects Senate Questions By SEWELL CHAN The governor says that he will not appoint a replacement for the senator until she is confirmed as secretary of state and steps down, in January at the earliest. THE CAUCUS Obama Releases Donor Names By KATHARINE Q. SEELYE The Obama team has released a list of donors to its transition project. It’s Official: Recession Started One Year Ago By MICHAEL M. GRYNBAUM The announcement that the recession began in December 2007 came as the stock market fell sharply, with the Dow off more than 5 percent in the last hour of trading. • NYTimes.com Homepage Back to Top TECHNOLOGY OPINION Holiday Shopping Guide: Personal Tech Holiday shopping survival guides and gift ideas for the part-time athlete, TV fans, road warriors and pre-teens. Op-Art: A Stitch in Time A collection of proverbs, saws and wisdom for this testing financial climate adapted from “The Circle of the Moral World” by Catwg The Wise. BUSINESS Bernanke Warns That Economy Will Remain Weak By MICHAEL M. GRYNBAUM The Fed chairman defended the agency’s response to the financial crisis, saying that the measures were needed to stablized the economy. Several Countries Are Rethinking the Euro By CARTER DOUGHERTY European governments that have been forced to defend their currency now see a value in a common currency. Construction Spending Reflects Economic Slowdown By THE ASSOCIATED PRESS Construction spending dropped by 1.2 percent in October, led by another big drop in home construction. Separately, a measure of manufacturing activity fell to a 26-year low in November. ITINERARIES The Burden on the Expatriate Worker’s Family By TANYA MOHN When an overseas posting fails, the problem is often not the worker, but the spouse and children. Ryanair Makes New Bid for Aer Lingus By DAVID JOLLY Ryanair, Europe’s biggest low-cost airline, made a new offer to buy the 70 percent of its Irish rival Aer Lingus that it does not already own. • More Business News Back to Top   About This E-Mail You received these headlines because you are subscribed to Afternoon Update from NYTimes.com. As a member of the BBBOnline Privacy Program and the TRUSTe privacy program, we are committed to protecting your privacy. Manage My Subscriptions  |  Unsubscribe  |  Change Your E-Mail  |  PrivacyPolicy  |  How to Advertise Please include the following ID number when writing to feedback@nytimes.com so that we can track any reports of problems:  57468657 Copyright 2008 | The New York Times Company | Privacy Policy | NYTimes.com 620 Eighth Avenue New York, NY 10018