Forbes Magazine publisher and flat tax champion Steve Forbes endorsed Rick Perry, giving his struggling campaign an important boost. Perry is on the cusp of announcing his very own flat tax proposal on Tuesday in a speech to South Carolina voters.

Neil Cavuto is planning a slumber party, and everyone’s invited. The Fox News host seemed unable to contain his excitement as he told Washington Whipsers about what Fox Business Network’s plans for election night. “I would bring cots,” he warned. “And enough Red Bull to keep you going to at least 2 in the morning.” Steve Forbes and former NYSE Chairman Dick Grasso will be among those joining Cavuto to burn the midnight oil and analyze the election results from a financial standpoint. “Fox Business isn’t about red and blue states, it’s about green,” he said, before clarifying: “Your money.”

The fascination with the Russian oil spill “nuclear option”– nearly-unanimously considered the craziest/most terrible idea to fix the oil spill so far– continues to make the cable news rounds. On this morning’s episode of Forbes on Fox, magazine mogul Steve Forbes thought it would be so bad, it would “be a new form of Obamacare.” Instead, he argued, President Obama should look to what 9/11-era Rudy Giuliani would do.

It’s been a tough few months for businesss journals. First Portfolio folded in April. Then this week it was reported that BusinessWeek was for sale – some even suggested that its price tag was $1 for anyone who wants to take on its annual losses. Fortune just announced a re-design in light of a 39% decrease in ad pages. And now the CEO of Forbes.com has stepped down.

The Magazine Editors category on the Power Grid has engendered some good debate here at Mediaite’s global headquarters. Summing up: should a Magazine Editor be rewarded more for the public profile of the title they oversee, or more for how they promote their own name.