• New reports and the emerging official Israeli consensus have it that a military attack on Iran would actually not provoke massive, debilitating retaliation from the Islamic Republic. [NYT]

• At a debate last night in Florida, the Republican frontrunners laid into President Obama’s dealings with Israel. Mitt Romney reiterated the “threw Israel under the bus” line from the 1967 borders speech last May. [JPost]

• Sheldon Adelson, who along with his wife has now given $10 million to a pro-Newt Gingrich Super PAC, denies (through an aide) that he is trying to buy off the presidency. [NBC]

• Even as he sounded more bellicose notes, in a speech President Ahmadinejad also acknowledged the havoc that sanctions and the looming oil embargo are wreaking on Iran’s economy and currency. [NYT]

• Though he resigned as top Middle East adviser, Dennis Ross—long seen as the most pro-Israel voice in the White House—retained his security clearance and still advises the president from time to time. [Haaretz]

• The West’s favorites from both sides, President Peres and Prime Minister Fayyad, met at Davos. [IMEMC News]