WASHINGTON POST/ABC POLL: Cain Rises Despite Scandal.

UPDATE: Double-breasted suits and “swagger.” “He’s black, but he doesn’t get the usual leeway black men ‘have been allowed’… why? I mean, really, why is that? What is she saying? What I hear is: He’s not the right kind of black man. He’s conservative, so he doesn’t get whatever that extra freedom is that is allowed — that the passive voice gives — to black men.”

INVESTOR’S BUSINESS DAILY: Will Obama’s Delay Send Canadian Oil to China Instead of U.S.?

BUSINESS WEEK: Yes, There Will Be A Student Loan Bailout. I’m not so sure.

UPDATE: Reader Matthew Tanner writes:

Remember the Santelli rant (which sort of unofficially birthed the Tea Party)? Folks who were responsible in their home-buying, who paid their mortgages, essentially being forced to pay the mortgages of the less prudent?

Well by all means let’s double down by doing it again, this time with student loans. I’m paying for three kids in college, and for the two years prior I was paying for four. It’s been absolutely killer for my wife and me, but we’re working hard and scrimping so our kids aren’t saddled with debt when they graduate. If they “bail out” student loan debtors, I will have once again been suckered into playing by what I thought were the rules.

If they keep punishing prudence, and rewarding imprudence, maybe I will finally learn my lesson, that it is prudent to be foolish.

Yes, that’s the risk of the coming Middle-Class Anarchy.

EDUCATION DEPARTMENT PROMULGATES “SECRET RULE” THAT HURTS ONLINE SCHOOLS: “Among the many new program integrity rules the U.S. Education Department issued a little over a year ago was one that went relatively unnoticed at the time: a rule that defines the ‘last date of attendance’ for students who withdraw from online programs more stringently than in the past, and differently than for students in a traditional classroom. . . . But before the program integrity rules took effect in July 2011 — and even before they were published publicly, in October 2010 — the Education Department was already using the new definition of “last date of attendance,” which varied considerably from the previous version, to begin investigations and, in some cases, collect financial aid refunds for students who dropped out. When the Education Department began using the ‘last day of attendance’ rule to evaluate colleges in audits, it had never been publicly announced. In effect, a group of higher education associations has argued, the department was expecting institutions to play a game without knowing the rules.”

THE EURO CRISIS: Elites Circle The Wagons. “It is hard to see this as anything other than the political class awarding itself a bailout.”

SCIENCE FICTION WRITERS BEING SCAMMED with fake print-on-demand omnibus editions.

UNEMPLOYMENT AT 9.0%: “Both the number of unemployed persons (13.9 million) and the unemployment rate (9.0 percent) changed little over the month. The unemployment rate has remained in a narrow range from 9.0 to 9.2 percent since April.”

CHANGE: 40 House Republicans Sign Letter Encouraging Super Committee To Consider New Revenues.

Well, I’ve got a whole package of revenue enhancements ready to go. . . .

JIM TREACHER: I don’t want to say things are getting grim in Zuccotti Park, but Bloomberg might send in Snake Plissken.

SEN. TOM HARKIN: It was my understanding that there would be no math. Plus, from the comments:

Yet another false accusation thrown at the sector.

— First the falsified GAO report, riddled with errors, all against the sector.
— Then the short-selling investor with hundreds of millions to gain posing as an “expert” before Congress.
— Then the “mistaken” draft default data that was released, also wildly inflammatory.
— Now the “correction” of the VA report.

Does anybody else see a pattern here?

It’s like the fix is in to shut down for-profit education, and maybe to protect a traditional Democratic constituency from competition or something.

SIXTY MINUTES ambushes Nancy Pelosi.

THE HILL: Ethics Committee Votes To Launch Investigation Into Rep. Richardson. “The House Ethics Committee voted Thursday to launch an investigation into Rep. Laura Richardson (D-Calif.), according to a report. The committee is looking into whether the three-term lawmaker pressured her congressional staff to work on her campaign. . . . The news of the investigation comes at a tough time for Richardson, who faces a difficult reelection battle next year. The redistricting process paired her against Democratic Rep. Janice Hahn, who replaced Jane Harman earlier this year after Harman resigned. Democrat state Assemblyman Isadore Hall is also expected to run in the primary.”

TODAY ONLY: A Logitech HD webcam for $23.99.

SORRY, I’M STILL SAYING “FASTER, PLEASE:” F.D.A. Officials, Hoping to Stave Off Critics, Point to Increased Drug Approvals. “Federal drug officials on Thursday claimed credit for an increase in the approval of new drugs and argued that the results demonstrated the need for legislation to continue financing the current drug approval system. . . . For years, F.D.A. officials said little about the declining number of new drug approvals. When some industry analysts blamed government rules for the slowdown, agency officials instead blamed a decline in high-quality industry applications and a general drought in industry labs. Now that approvals are increasing, however, Dr. Hamburg is claiming some credit by saying that the agency has lowered some approval standards — particularly for cancer drugs — and speeded up many of its reviews.”

ONE MAN VS. THE MOB: Developer with shotgun scared off Oakland rioters. “I just racked it, and they ran.”

BYRON YORK: Pawlenty Coulda Been A Contender In This Race.

Yeah, if he’d shown some backbone at a crucial moment.

THE BELMONT CLUB: The Racetrack Of The Mysteries. “One view is that horses don’t lose races as much as bettors make bad bets. For every Corzine who bet on Europe and lost there will be those who bet on Europe’s loss — and won. But the other view is that something about this particular race track creates huge unmanageable risks. The difference in this case, over a situation in which the financial institution is a spectator standing outside the transaction, is that the European crisis is itself caused by financial imprudence. The financial crisis has an element of recursion to it; financial institutions are losing huge sums by misreading other financial structures. It is almost as if the horses in a race could also enter bets at the track.”

THE HILL: Man charged for phone threats against Rep. Eric Cantor’s family. “The FBI said that Glendon Swift was charged for leaving threatening messages on Cantor’s work voicemail in Richmond, Va. According to the FBI, Swift threatened to assault or murder a member of Cantor’s family.”

SPENDING: Hawaii State Liabilities Climb by 60 Percent in Two Years; Expert Calls the News ‘Shocking.’

HIGHER EDUCATION BUBBLE UPDATE: Occupier Finds Out that Expensive Degree in Puppetry is Really Paying Off. “So what does a degree in puppetry cost, anyway? About $35,000. And the genius quit his job to pursue it.” Shockingly, there aren’t a lot of jobs.

EUROPE: Britain poised to provide billions for new rescue package as euro crisis deepens.

MODERN WARFARE: Obama War Room: Bring Me the Head of Moammar Gaddafi.

OCCUPY PORTLAND photo of the day.

CORZINE CONFLICT? Corzine’s regulator, a former Goldman colleague, gave NJ Dems $10k as Corzine ran for governor. “Gary Gensler, the regulator overseeing the investigation of Jon Corzine’s collapsed securities firm, built close ties to Corzine as they rose through the ranks of Goldman Sachs. Later, they collaborated on Capitol Hill to pass an anti-corporate fraud law. When Corzine ran for New Jersey governor, Gensler gave $10,000 to the state Democratic Party, which was trying to get Corzine elected. Now, Gensler, head of the Commodity Futures Trading Commission, is leading an inquiry into how hundreds of millions vanished last week from client accounts at Corzine’s firm, MF Global.”