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9:00 AM ET, September 16, 2008

memeorandum

 Top Items: 
New York Times:
Fed Takes Steps to Aid A.I.G.  —  Major credit ratings agencies downgraded the American International Group late Monday, worsening its financial health, as Federal Reserve officials and two leading investment banks were in urgent talks to put together a $75 billion line of credit to stave off a crisis at the company.
RELATED:
Randall W. Forsyth / Barron's Online:
An AIG Accident Could Dwarf Lehman's  —  Downgrades could trigger margin calls as insurer seeks a massive cash infusion.  —  COULD THIS BE THE BIG ONE?  —  Scarcely a day after the stunning news of the bankruptcy filing by Lehman Brothers and takeover of Merrill Lynch by Bank of America …
Stephen Labaton / New York Times:
Wall Street in Worst Loss Since 2001
Discussion: Truthdig
Spiegel Online:
Banks Won't Be as Profitable in Future
Discussion: Shakesville
Richard Cohen / Washington Post:
The Ugly New McCain  —  Following his loss to George W. Bush in the 2000 South Carolina primary, John McCain did something extraordinary: He confessed to lying about how he felt about the Confederate battle flag, which he actually abhorred.  “I broke my promise to always tell the truth,” McCain said.
Wall Street Journal:
Why Obama's Health Plan Is Better  —  The big threat to growth in the next decade is not oil or food prices, but the rising cost of health care.  The doubling of health insurance premiums since 2000 makes employers choose between cutting benefits and hiring fewer workers.
RELATED:
Bob Herbert / New York Times:
McCain's Radical Agenda  —  Talk about a shock to the system.  Has anyone bothered to notice the radical changes that John McCain and Sarah Palin are planning for the nation's health insurance system?  —  These are changes that will set in motion nothing less than the dismantling …
Ben Smith / The Politico:
A tanning bed in the Governor's Mansion  —  Sarah Palin brought one unusual accessory to the Alaska Governor's mansion after moving in last year: A tanning bed.  —  Al Giordano's NarcoNews first reported that Palin had the apparatus installed in the mansion in Juneau, and a spokesman …
RELATED:
Rachel Paula Ab... / Us Weekly:
Sarah Palin Installed Tanning Bed at Governor's Mansion  —  Self-proclaimed “hockey mom” Sarah Palin had a private tanning bed installed in the Governor's Mansion in Juneau, Alaska, Usmagazine.com confirmed on Monday.  —  “She did.  She paid for it with her own money,” Roger Wetherell …
Discussion: TMZ.com, Truthdig and NewsBusters.org
David Brooks / New York Times:
Why Experience Matters  —  Philosophical debates arise at the oddest times, and in the heat of this election season, one is now rising in Republican ranks.  The narrow question is this: Is Sarah Palin qualified to be vice president?  Most conservatives say yes, on the grounds that something …
Discussion: Eunomia, Swampland and The RBC
RELATED:
Byron York / National Review:
On Sex-Ed Ad, McCain Is Right  —  In recent days, a consensus has developed among the Obama campaign and commentators in the press that John McCain has decided to lie his way to the White House.  Exhibit A in this new consensus is McCain's ad, released last week, claiming that Barack Obama's …
Ed Morrissey / Hot Air:
Obama's character assassins target another National Review journalist  —  David Freddoso attempted to appear on Milt Rosenberg's WGN radio show last night, and just as when Stanley Kurtz tried to talk on the same show, the Barack Obama campaign organized a disruption of the show.
RELATED:
Mark Hemingway / The Corner:
Obamaphiles Drowning Out Criticism Again
Lee Speigel / Political Punch:
Palin and the Teleprompter  —  At a fundraiser in Canton, Ohio, this evening, Alaska Gov. Sarah Palin had an interesting description of her speech to the Republican convention.  —  “There Ohio was right out in front, right in front of me,” Palin said.  “The teleprompter got messed up …
Benjamin Sarlin / New York Sun:
Poll: McCain Fast Approaching Obama Among New York State Voters  —  New York is on its way to becoming a battleground in this year's presidential election, with Senator McCain rapidly dissolving Senator Obama's lead in the Empire State, according to a new poll.
Discussion: JammieWearingFool
Julia O'Malley / McClatchy Washington Bureau:
Radio host suspended for airing anti-Palin protesters' numbers  —  Anchorage AM radio host Eddie Burke has been suspended for a week for broadcasting the phone number of women involved in organizing a protest against Sarah Palin.  —  The women later received threatening phone calls.
Discussion: TheZoo
Ben Smith / The Politico:
New Obama ad hits McCain on pay for women  —  A new, and unreleased, Obama ad, airing (at least) in Virginia, attacks McCain for his opposition to legislation requiring women receive equal pay for equal work.  —  The ad says women are paid 77 cents on the dollar, and the female narrator says …
Discussion: Commentary and MyDD
John Berlau / OpenMarket.org:
Lehman bankruptcy: In capitalism, failure is not a dirty word  —  My reaction to Lehman Brothers' declaring of Chapter 11 bankruptcy and the refusal of Treasury Secretary Hank Paulson and others to take extraordinary Bear Stearns-like measures for the government to prop the firm up can be summed up in three words: It's about time!
Discussion: THE ASTUTE BLOGGERS and The Corner
John Amato / Crooks and Liars:
Obama to McCain: Senator - what economy are you talking about?  —  Obama calls out McCain on his lack of knowledge on all things that are job related.  McCain can't even understand today's financial news...
RELATED:
Greg Sargent / TPM Election Central:
Biden Uncorks Tough Populist Hit On McCain Over “Fundamentals” Line
Discussion: MyDD and TheZoo
 
 
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 More Items: 
BBC:
Ukraine's government falls apart
Editor and Publisher:
McCain Tells AP and Newspaper Editors: OK, Obama Did NOT Call Palin a ‘Pig’
TPMMuckraker:
A Bridge Too Far: McCain Falsely Claimed Palin Vetoed Earmarks
Marijuana Law Reform:
Marijuana Arrests For Year 2007: 872,721 Tops Record High -Five …
Discussion: TalkLeft, FBI and Reason
Wall Street Journal:
McCain Team Hustles Amid Rising Interest
Discussion: Betsy's Page
Christopher Hitchens / Slate:
Pakistan Is the Problem  —  AND BARACK OBAMA SEEMS …
National Review:
McCain Responds to Obama's Reported Undermining of the Commander …
Ari Levy / Bloomberg:
WaMu Rating Lowered to Junk by S&P on Mortgage Losses
Discussion: Left in the West and Slog
 Earlier Items: 
Dr. Rusty Shackleford / The Jawa Report:
Report: Blogger Thwarts al Qaeda 9/11 Anniversary Plans **bumped**
Discussion: The Other McCain
Matt Stoller / Open Left:
This is Weird  —  That's Mitt Romney calling McCain out on lying …
Jeffrey Ressner / The Politico:
Hollywood events could rake in $9M
Ali / Think Progress:
George Allen: 'Americans are not addicted to oil, they're addicted to freedom.'
Stephen Spruiell / The Corner:
Don't Do It  —  I'm hearing disconcerting rumors that McCain …
Ann Althouse / Althouse:
“What's happened to John McCain? …
CNN:
Powell still undecided, says Obama win would be ‘electrifying’
Discussion: TIME.com
Greg Sargent / TPM Election Central:
New Ad Stars Fellow McCain POW Suggesting He's Unfit To Be President
 

 
From Mediagazer:

Mandy Dalugdug / Music Business Worldwide:
UMG, ABKCO, and Concord sue Believe, a music distributor in 50+ countries, and its subsidiary TuneCore for $500M+, accusing Believe of copyright infringement

Reuters:
French judicial source: investigators searched Netflix's offices in France and the Netherlands as part of a preliminary investigation into tax fraud laundering

Alexandra Steigrad / New York Post:
iHeart says it is laying off employees; a source says the layoffs affect less than 5% of a workforce of more than 10,000 employees

 
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