Today's Mega News Bits by Patrick Dentler and Rebecca Onion
• Asian markets fall; the Fed is really, really worried.
• Not convinced Giuliani's a dangerous, power-mad nutcase? Read this.

Despite the obvious themes of power and faith, PT Anderson's vast, visionary epic There Will Be Blood isn’t primarily about oil, or about religion, or about extremism. Rather, it’s a thorough excavation of the foundation of American identity. And on top of all that, it’s the best film of the year. more ›