On the Israeli political front...
Kadima Party* head (and interim Prime Minister) Tzipi Livni has been unable to form a new government coalition, and will call for early elections. If she had been able to form a new coalition within six weeks of PM Ehud Olmert's resignation in September, she could have avoided national elections.
Currently, Likud Party** chairman, Binyamin (Bibi) Netanyahu is heavily favored to win the next national elections.
As of now, the Kadima coalition holds a majority in the Knesset, Israel's legislative body; however, Likud is set to come roaring back in the next election.
The national elections will probably be held in January of February.
My thoughts? Personally, I would like to see Bibi become PM again; Olmert has been a disaster.
*The Kadima party is a center-left/centrist party in Israel.
**The Likud party is a center-right/right-wing party in Israel.