memeorandum: Technicolor (Megan McArdle)

7:30 AM ET, June 5, 2008

Top Items:

Clinton Will Drop Out of Presidential Race — Barack Obama Captures Nomination After Intense Democratic Fight — It's over. — Sen. Hillary Clinton will drop out of the presidential race on Friday, ending her historic bid for the White House and ceding the Democratic nomination to Barack Obama, ABC News has learned.

Adam Nagourney / The Caucus:

Clinton to Suspend Campaign, Endorse Obama — Updated | 10 p.m. Senator Hillary Rodham Clinton will endorse Senator Barack Obama on Saturday, bringing a close to her campaign for the White House, aides said. Her decision came after Democrats urged her Wednesday to leave the race and allow the party to coalesce around Mr. Obama.

MinnPost:

Clinton supporters wowed with warm reception at Obama rally — REUTERSSen. Hillary Rodham Clinton — By Doug Grow | Wednesday, June 4, 2008 — Sad but resigned, key supporters of Sen. Hillary Rodham Clinton joined the thousands on hand to celebrate Sen. Barack Obama's historic night.

Discussion: The Democratic Daily

Washington Post:

Clinton Pullout Likely Saturday — Endorsement of Obama, Bid for VP Slot Seen — Sen. Hillary Rodham Clinton is likely to suspend her presidential campaign on Saturday and endorse Sen. Barack Obama, the Democratic Party's presumptive nominee, according to informed sources …

Discussion: Top of the Ticket, Electoral-vote.com, Comments from Left Field and PoliGazette

Alexander Bolton / The Hill:

GOP roots for Clinton — Veteran Republican fundraisers and strategists hope that Sen. Hillary Rodham Clinton (D-N.Y.) can revive their party's apathetic base even as her 2008 presidential campaign has reached its final hours. — Republican insiders say that if presumptive Democratic nominee …

Discussion: Hot Air and The Plank

ABCNEWS:
Clinton to Concede Race to Obama Friday

Discussion: The Swamp, Taylor Marsh, The Caucus, The Democratic Daily, Swampland and Wake up America

Greg Wallace / Political Radar:
Rangel: Clinton should get on with it — ABC News' Kate Snow Reports …

Discussion: The Hill's Blog Briefing Room, Balloon Juice, AMERICAblog and The Huffington Post

CNN:
Sources: Clinton will suspend her run on Friday

Discussion: TIME.com

Chicago Tribune:

Rezko convicted of corruption — A federal jury today convicted developer Antoin “Tony” Rezko of corruption charges for trading on his clout as a top adviser and fundraiser to Gov. Rod Blagojevich. — Rezko's guilty verdict on 16 of 24 corruption counts could have broad repercussions for Blagojevich …

Hindrocket / Power Line:

THE MOST WILDLY INAPPROPRIATE STATEMENT EVER? — Barack Obama's friend, financier and political supporter Tony Rezko was convicted by a Chicago jury today on sixteen counts involving various forms of political corruption. Obama released this statement:

Discussion: PrestoPundit

WLS-TV: Rezko begins serving time immediately

New York Times:
Ex-Obama Fund-Raiser Is Convicted of Fraud

Discussion: NewsBusters.org and THE ASTUTE BLOGGERS

Jeralyn / TalkLeft:
Rezko Guilty Verdict: The Relevance

Discussion: myfoxchicago.com, WBBM-TV and Rezko Watch

Fox News:
Obama ‘Saddened’ by Rezko Verdict

Discussion: The American Mind

Sam Stein / The Huffington Post:

Obama In Heated Conversation With Lieberman — Update: Obama and Lieberman had a heated conversation on the floor of the Senate later today. Details below. — Senator Joe Lieberman, serving aptly as John McCain's foreign policy attack dog, jumped on a conference call with reporters …

Discussion: CNN, The Carpetbagger Report, Talking Points Memo, D-Day and Wonkette

Susan Crabtree / The Hill: Rivals Obama and McCain work together behind scenes

David Alexander / Tales from the Trail:
Hamas unendorses Obama after speech to pro-Israel lobby

Discussion: The Caucus, Hot Air, Pajamas Media, Gateway Pundit, Sister Toldjah, Liberal Values, Marc Ambinder, Capitol Briefing and Harry's Place

Zzaki / Political Punch: Hamas Un-'Endorses' Obama

Jackie Calmes / Wall Street Journal:

Clinton Unlikely as No. 2 — Concession Expected Saturday; Obama Camp Discounts VP Talk — WASHINGTON — Supporters of Sen. Hillary Clinton suggested she would like to be Sen. Barack Obama's running mate, but close advisers to Sen. Obama are signaling that an Obama-Clinton ticket is highly unlikely.

Discussion: Comments from Left Field and Donklephant

CBS News:

CBS Poll: Obama Leads McCain — Obama Ahead By Six Points; But Many Clinton Voters Plan To Back McCain — (CBS) Presumptive Democratic nominee Barack Obama holds a six point lead over his Republican counterpart John McCain, a new CBS News poll finds. Obama leads McCain 48 percent …

Discussion: Daily Kos, Rising Hegemon and TPM Election Central

Hilary Bok / Washington Monthly:

HISTORY... I didn't support Barack Obama because of his race. I didn't need to: I just thought he was the best candidate by far, mostly for wonky reasons. (I started down the road to supporting Obama when I read this sentence from a Washington Monthly article: “On the campaign trail in 2004 …

Discussion: Eschaton

Elaine Ganley / Associated Press:

Outcry after French court rules on virginity — PARIS (AP) - The bride said she was a virgin. When her new husband discovered that was a lie, he went to court to annul the marriage—and a French judge agreed. — The ruling ending the Muslim couple's union has stunned France and raised concerns …

Discussion: The Volokh Conspiracy

Greg Gordon / McClatchy Washington Bureau:

Clinton's dilemma: Awash in both cash and debt — WASHINGTON — The climactic end of the Democratic presidential race left loser Hillary Clinton in an odd position: Her campaign is both awash in cash and buried in debt. — The decisions she makes in how to handle that predicament could affect her future political prospects.

Discussion: Eschaton