NEWS: Palestinian officials indicate they are still open to a compromise at the UN, saying "We don’t need a vote right away. We see this as the beginning of a process.” Diplomats continue to search for a compromise at the UN, as Pres.Abbas insists he will apply for full membership on Friday. Ha'aretz reports an “Israeli source” says the US asked Abbas to go to the Security Council in order to buy more time for compromise. Palestinian Monetary Authority Governor Jihad al-Wazir says the PA could collapse if the US withdraws aid. Saudi Arabia promises to give the PA $200 million. Rep. Joe Walsh introduces a bill to the House saying if Palestinians go forward with a statehood bid, Israel should annex the occupied territories. Abbas says he's willing to meet with PM Netanyahu in New York. FM al-Malki says negotiations can resume only with clear terms of reference. Palestinians seek to reconcile institution-building with the UN initiative. The UK says it faces a “difficult judgment” at the UN. COMMENTARY: The LA Times says a vote at the UN won't change anything and the parties must return to negotiations. Justin Martin says criticism of Israel on American campuses should be protected, not banned. Walid Awad says if Abbas presses the Security Council, the PA will likely collapse and the PLO reemerge in a different form. The Wall Street Journal says the US should respond to the Palestinian UN initiative by cutting funds to the UN. Natasha Mozgovaya says Pres. Obama is going to pay a heavy price no matter what decision he makes at the UN. John Heilemann says Obama is the best thing Israel has going for it, though many people don't understand that. Gershon Baskin says almost the whole world accepts Israel's right to exist. Robert Fisk says Palestinians can't achieve statehood this week at the UN, but the peace process could be killed. George Semaan says Palestinians have no choice but to turn to the UN. Ghassan Khatib says Palestinians are trying to introduce a new paradigm by “internationalizing” the peace process. Hussein Ibish says a last-minute compromise is still possible and is in all parties' interests.