According to a recent survey, kids are receiving an average of 40 cents less from the tooth fairy. That's right, the economy is so bad that even make-believe people are feeling the pinch.

Yesterday, President Obama prank-called a Washington radio station, calling himself 'Barry from D.C.' Then, just to mess with him, Obama called Glenn Beck's radio show as 'B. Hussein from Kenya.'

Prince William's pregnant wife, Kate Middleton, is past her due date. Doctors may have to induce labor. To speed up the birth, doctors have been telling the baby, 'Come on out. You will never have to work a day in your life.'

Time magazine has selected their person of the year. Guess what, it's President-elect Barack Obama. Yeah, ironically, Ebony magazine announced their person of the year, and it's Ed Begley Jr.

Arnold Schwarzenegger is in trouble after tapes surfaced of him saying negative things about other Republicans. Actually the Schwarzenegger tapes surfaced last year, but they weren't deciphered until this week.

Top Democrats have mixed feelings about Sen. Hillary Clinton running for president. Apparently, some Democrats don't like the idea, while others hate it.

Congress is debating a kill switch that would allow President Obama to freeze all activity on the internet if there was a national emergency. The kill switch goes by the top-secret code name 'Microsoft Windows.'