Frontpage: Monday, Jan. 9th

1. Pay Cuts For Wall Street: Wall Street’s dismal year is about to hit home for traders. The Wall Street Journal reports that compensation is likely to fall to its lowest level since the 2008 financial crisis. 
2. Mitt Holds Huge Lead in NH: The primary is tomorrow, but candidates and some journalists are already heading to South Carolina. Roney’s polling at 35% in the state, with Ron Paul in second at 18%. 
3. Gingrich Prepares Romney Salvo: While Romney may have New Hampshire locked up, Gingrich will be waiting in South Carolina with a $5 million ad painting Romney as a predatory capitalist. 
4. Iran Sentences American to Death: Iran has announced that it will sentence American Amir Mirzaei Hekmati to death for espionage. Iran claims Hekmati, a former marine, was sent by the CIA. 
5. NBC & Daily Beast Team Up for 2012: NBC News and Newsweek & The Daily Beast announced a collaboration for the upcoming 2012 election. The magazine and Web site will have access to NBC News’ deep bench of political reporters and video content, as well as opportunities to work with NBC at national debates. 

Photo: Mourners throw rice, as is tradition, while guards carry the coffin of a Syrian officer at a funeral procession in front of Al-Hassan mosque in Damascus. The slain officer was one of 11 killed during a suicide bombing on Friday. (Muzaffar Salman / AP Photo)

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motherjones:

Hey, look! Congressional staffers turn out to be really good at predicting the behavior of stocks that their bosses legislate. Outside Capitol Hill, we might call that “insider trading.” Except US insider trading laws don’t apply to Congress.

Angry yet?

In this week’s issue of Newsweek: Congress is getting rich off Wall Street.

A little late, but here we go: this week’s cover! What you don’t see here: gorgeous shots from Robin Givhan’s piece on fashion designer Alexander McQueen’s haunting world, and a great Big Fat Story graphic on Wall Street’s pyramid of profiteers, from Rajat Gupta to David Sokol to Angelo Mozilo.

Fewer women seem to be climbing the corporate ladder on Wall Street these days:

Where are the heroines of Wall Street? They were so conspicuous when I entered the workforce—the “tiger lady” in Baby Boom (1987) who starts a multimillion dollar company while raising a child, or the Working Girl (1988) who rides the Staten Island Ferry and orchestrates a colossal M&A transaction. The women of my generation bounded onto Wall Street, assured we could raise our children while making millions (and, we did). The future looked bright. The ranks of Wall Street women swelled as we climbed the ladder, extending a hand up and down to other women. Then, something started to go terribly wrong.

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