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Reality check for president-elect

Updated on 06 November 2008

By Jon Snow, Jonathan Rugman

Barack Obama calls an emergency economic meeting as President Bush warns of the tough road ahead.

The transfer of power to the new Obama administration has already begun in Washington.

In front of the capitol they are already starting to build the stage for the inauguration.

The transition team is up and running, and key appointments are being made. Barack Obama's first press conference is due tomorrow after an emergency meeting of his economic team. He then heads to Washington for talks with President Bush.

After the euphoric victory celebrations, the mood has turned sombre. President Bush has warned of the risk of terrorists exploiting this period of change and of more grim economic news.

Palin: from maverick to scapegoat

As Republicans nurse their election wounds, damning allegations emerge about John McCain's running mate.

According to Fox News Sarah Palin thought Africa was a country rather than a continent. It also alleges she did not know which nations were in NAFTA - a major free trade agreement which only has three members.

She is angrily denying it all but there is more. There are claims that she reduced her staff to tears, not to mention more stories of spending on her clothes. Jonathan Rugman reports.

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