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World AIDS Day: Link and Think

The $19,450 Phone. It is not smaller, faster or better than being there, but it is . . . shinier. Would you trade your Rolex for one? By Mark Levine. [New York Times: Business]

Pentagon’s Urgent Search for Speed. General Dynamics, after just two years working on driverless jeeps, is ready to brief the brass on how such robotic vehicles could transform combat units. By John H. Cushman Jr.. [New York Times: Business]

U.S. and Philippines May Start New Training Mission. The United States and the Philippines may soon start a new military training operation against Muslim extremists. By Eric Schmitt with Carlos H. Conde. [New York Times: NYT HomePage]

In Stormy Time, S.E.C. Is Facing Deeper Trouble. The Securities and Exchange Commission is plagued by problems that have undermined its ability to police companies and markets. By Stephen Labaton. [New York Times: NYT HomePage]

U.S. Is Preparing Base in Gulf State to Run Iraq War. The United States military is installing a new command center in Qatar that could serve as the main base for a war on Iraq. By Michael R. Gordon. [New York Times: NYT HomePage]

Scholarly Mentor to Bush’s Team. Martin S. Feldstein may well be the most influential economist in Washington, even though he has not worked there since 1984. By David Leonhardt. [New York Times: NYT HomePage]

U.S. Farmers Put Down Roots in Brazilian Soil. Lured by relatively cheap land and few restrictions, more than a dozen Americans have recently begun farming in Brazil. By Simon Romero. [New York Times: Business]

Major new slick hits Spain coast. A huge slick of fuel oil from the sunken tanker Prestige starts to wash up on the Galician coast – bringing more environmental devastation. [BBC News | Front Page | UK Edition]