Tue 8/4 Roundup: White House Lunch, Bill in NK, Fareed Goes to Town

- President Obama invited the Senate Dems over for lunch today.  The economy will be on the agenda.  And health care.  And cash for clunkers!

- The Obama Administration's immigration enforcement strategy is little more progressive than Bush's.

- Many states are still in economic distress.

- Tax revenues are on pace to drop 18% this year-- the biggest drop since the Great Depression.

- In the FT, David Roche says savings may be on the rise, but this may not be a good thing.

- John McCain will vote against Sotomayor.

- Bill Clinton is in North Korea, negotiating for the release of two imprisoned journalists.

- Next stop Iran? Three young Americans were arrested while hiking in Kurdistan.

- David Souter just bought a new house in New Hampshire.  Why? The old one lacked the structural integrity to hold his library.

- Will Twitter's 140 character limit send us back to the days of writing in code? I can only hope.

- Last, Fareed Zakaria goes to town on an Iranian apparatchik academic: