memeorandum: Dow Drops 340 Points, Then Recovers Losses (New York Times)

6:10 PM ET, August 16, 2007

Top Items:

Padilla convicted of terrorism support — MIAMI - Jose Padilla, a U.S. citizen held for 3 1/2 years as an enemy combatant, was convicted Thursday of helping Islamic extremists and plotting overseas attacks in a case that came to symbolize the Bush administration's zeal to clamp down on terrorism.

Discussion: Firedoglake, The Newshoggers, Balloon Juice, Unqualified Offerings, The Moderate Voice, Outside The Beltway, Kiko's House, Wake up America, UrbanGrounds, Comments From Left Field, Left in the West and Shakespeare's Sister

CNN:

Jury finds Padilla guilty on terror charges — MIAMI, Florida (CNN) — The jury in the Jose Padilla terror trial has found the American guilty of conspiracy to support Islamic terrorism overseas. — Padilla was originally arrested on allegations that he planned to set off radioactive "dirty bombs" in the United States.

Discussion: The Carpetbagger Report, Salon, The Volokh Conspiracy, Cato-at-liberty, Firedoglake and The Reaction

Curt Anderson / Associated Press:

Padilla Is Convicted in Terrorism Case — MIAMI (AP) - Jose Padilla was convicted of federal terrorism support charges Thursday after being held for 3 1/2 years as an enemy combatant in a case that came to symbolize the Bush administration's zeal to stop homegrown terror.

Discussion: WILLisms.com, Christian Science Monitor and Bluey Blog

Michelle Malkin:

Breaking: Padilla verdict to be read at 2pm Eastern Update: Guilty, guilty, guilty — The charges: — Count 1 - Conspiracy to Murder, Kidnap, and Maim Persons in a Foreign Country as part of a conspiracy to advance violent jihad — Count 2 - Conspiracy to Provide Material Support for Terrorists

Discussion: A Blog For All and The Mahablog

William Branigin / Washington Post:
Padilla Found Guilty on All Counts in Terror Case

Discussion: INTEL DUMP and The Van Der Galiën Gazette

Ed Morrissey / Captain's Quarters:
Verdict Reached In Padilla Case (Update: Guilty)

Discussion: Stop The ACLU

Associated Press:
Jury reaches verdict in Padilla terror case

Discussion: Majikthise, Salon and Norwegianity

Satyam / Think Progress:

Tony Snow Signals His Resignation, Plus 'A Couple' More 'Coming Up In The Next Month' — After the recent resignation of Karl Rove, media outlets speculated on what the rest of President Bush's term will look like without "the Architect." The President is "fighting lame duck status," reported the AP.

Discussion: The Blue State, DownWithTyranny! and The Carpetbagger Report

John Podesta / Washington Post:
Last Guys Standing — With Karl Rove's departure from the White House …

Discussion: Booman Tribune, The Next Hurrah, Think Progress and WorkingForChange

Townhall.com:
White House Press Secretary Tony Snow on the surge and personnel …

Discussion: The Gun Toting Liberal™, Say Anything and Shakespeare's Sister

CNN:

Poll: Americans don't trust Iraq report — WASHINGTON (CNN) - A majority of Americans don't trust the upcoming report by the Army's top commander in Iraq on the progress of the war and even if they did, it wouldn't change their mind, according to a new poll.

Discussion: Say Anything, Taylor Marsh and Take Our Country Back

Mark Finkelstein / media.newsbusters.org:

MSNBC Newsroom Booed Bush State of the Union — UPDATE: Joe and Mika discuss this NB item. See below. — Joe Scarborough has pulled back the curtain on the liberal bias at MSNBC, describing an incident in which people in its newsroom ceaselessly booed President Bush during a State of the Union address.

Discussion: Flopping Aces, Postman on Politics, Blogs for Bush, Poynter Online, Lone Star Times, Hot Air, TVNewser, CBS News and Editor and Publisher

Nic Fleming / Telegraph:

'We have broken speed of light' — A pair of German physicists claim to have broken the speed of light - an achievement that would undermine our entire understanding of space and time. — According to Einstein's special theory of relativity, it would require an infinite amount of energy …

Discussion: The Newshoggers, Shakespeare's Sister, The West Virginia Rebel's Blog, QandO, Dean's World and Tim Worstall

New York Times:

Dow Drops 340 Points, Then Recovers Losses — Stocks staged a late rally today on Wall Street after a day of wild swings as investors continued to weigh the impact of the crunch in the American credit market. — Shortly after noon, the Dow Jones industrial average was off by more than 340 points …

Discussion: The Moderate Voice, Middle Earth Journal and Lawyers, Guns and Money

Joe Bel Bruno / Associated Press: Wall Street manages a late turnaround

Larry Kudlow / The Corner:

The T-Bill Message for Bush & Bernanke — The power outage in banking and credit markets continues to deepen as the sub-prime mortgage infection spreads throughout the U.S. and the global financial system. — As I mentioned in yesterday's column, it is time for a major Fed operation.

Discussion: QandO and Right Wing Nut House

Rasmussen Reports:

In Surge, Giuliani Now Tops Clinton by Seven Points — After being virtually tied with Democratic presidential candidate Hillary Clinton for several months, Republican contender Rudy Giuliani now leads Clinton up 47% to 40% in the latest Rasmussen Reports national telephone survey.

Discussion: Captain's Quarters, The Moderate Voice, Instapundit.com, The Van Der Galiën Gazette, Wake up America and Althouse

Brad Friedman / The BRAD BLOG:

'DIEBOLD ELECTION SYSTEMS, INC.' IS NO MORE! (At Least in Name) — By Brad Friedman from St. Louis, MO... Diebold Elections Systems, Inc. is no more. At least in name. — After a year and a half of conversely trying to dump their failed voting unit and/or lying to customers …

Discussion: The Newshoggers, PC World and All Spin Zone

David S. Broder / Washington Post:

Fred Thompson's Gamble — When Fred Thompson makes his long-delayed entrance into the Republican presidential race, he will not tiptoe quietly. Instead, he will try to shake up the establishment candidates of both parties by depicting a nation in peril from fiscal and security threats …

Discussion: The Corner, Real Clear Politics, Captain's Quarters, Hot Air, Truth v. The Machine, National Review, Roger Ailes, Boston Globe, Fred File, The American Mind, eyeon08.com, uggabugga and MSNBC

Randall Hoven / American Thinker:

It's Not Just Scott Beauchamp … Scott Beauchamp was the last straw. I realized that I need a scorecard to keep track of all the fallen journalists, journalistic mistakes and major and minor screw-ups in the media. I couldn't find one already made, although Wikipedia came close, so I started my own.

Discussion: GINA COBB, Say Anything and Ed Driscoll.com