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2:25 PM ET, September 21, 2008

memeorandum

 Top Items: 
Mike Allen / The Politico:
Exclusive: Foreign banks may get help  —  In a change from the original proposal sent to Capitol Hill, foreign-based banks with big U.S. operations could qualify for the Treasury Department's mortgage bailout, according to the fine print of an administration statement Saturday night.
RELATED:
Mike Allen / The Politico:
43 days - Stephanopoulos: “The era of big government is back”  —  Execs at failed Lehman could get $2.5 billion (with a b) in bonuses — Paulson package could pass off House floor on Thursday — Newsweek cover: “King Henry” Paulson — From Sunday shows: Paulson will resist curbs on executive pay …
Avi Zenilman / The Politico:
Many economists skeptical of bailout  —  Many of the same economists and opinion-makers who'd provided a bipartisan sheen of consensus to Treasury Secretary Henry Paulson's previous moves have quickly begun casting doubts on the wisdom of a policy that would allow Treasury …
Newsweek:
All the Candidates' Cars  —  From the magazine issue dated Sep 29, 2008  —  When you have seven homes, that's a lot of garages to fill.  After the fuss over the number of residences owned by the two presidential nominees, NEWSWEEK looked into the candidates' cars.
The Politico:
Franken helps craft McCain ‘SNL’ skit  —  Al Franken, the former “Saturday Night Live” star now running in a high-profile Senate race in Minnesota, helped craft the opening sketch mocking John McCain that kicked off the NBC comedy show Saturday, according to two well-placed sources inside the network.
Daniel Gross / Newsweek:
The Captain of the Street  —  Treasury Secretary Hank Paulson has a radical game plan for beating America's financial crisis.  This former investment banker may be the right man at the right time. … From the magazine issue dated Sep 29, 2008  —  It was a message he never expected to deliver.
RELATED:
Jonathan Weisman / Washington Post:
Campaigns Beef Up Economic Teams in Face of Crisis  —  On Tuesday night, as the federal government was seizing control of insurance giant AIG, Sen. Barack Obama was speeding toward a Hollywood fundraiser.  The Democratic presidential nominee had 20 minutes before he arrived …
Discussion: Sirotablog, TIME.com and Althouse
Peter Bray / Slate:
Did Obama Just Touch the Third Rail?  —  CURIOUS EDITS TO HIS SOCIAL SECURITY PAGE.  —  Barack Obama is such a hard-core wonk, his camp grinds through policy day in, day out.  That may be a great quality to have in a president—but it's not necessarily a smart strategy for a presidential candidate just weeks before an election.
Paul Krugman:
Thinking the bailout through  —  What is this bailout supposed to do?  Will it actually serve the purpose?  What should we be doing instead?  Let's talk.  —  First, a capsule analysis of the crisis.  —  1. It all starts with the bursting of the housing bubble.
Paul Glastris / Washington Monthly:
BETTER BAILOUT IDEAS... One of the classic mistakes we all make—and this is true of political leaders and average citizens alike—is to accept unquestioningly that the choices we're being presented with are in fact the only choices we have.  And so it was on Friday that Democratic leaders …
Discussion: Matthew Yglesias
RELATED:
Nicholas D. Kristof / New York Times:
The Push to ‘Otherize’ Obama  —  Here's a sad monument to the sleaziness of this presidential campaign: Almost one-third of voters “know” that Barack Obama is a Muslim or believe that he could be.  —  In short, the political campaign to transform Mr. Obama into a Muslim is succeeding.
Maureen Dowd / New York Times:
Seeking a President Who Gives Goose Bumps?  So's Obama.  —  Now that he's finally fired up on the soup-line economy, Barack Obama knows he can't fade out again.  He was eager to talk privately to a Democratic ex-president who could offer more fatherly wisdom — not to mention a surreptitious smoke — and less fraternal rivalry.
Bonney Kapp / FOX Embeds:
Protesting Obama by Air  —  JACKSONVILLE, FL - Protesters are as common to the campaign trail as supporters - from those waving McCain signs at the entrance of events, to the more subtle passersby who flash the thumbs down gesture (or worse) along the motorcade route, to the occasional group that infiltrates and interrupts an event.
Myglesias / Matthew Yglesias:
The Crisis  —  I'm blogging under the influence, so perhaps things aren't quite as dramatic as they seem to me right now, but the bailout plan on the table right now seems to me like something of a crisis point for American liberalism.  The plan is bad.  But bad policies get enacted all the time.
Barry Ritholtz / The Big Picture:
Bill Moyers & Kevin Phillips on Bad Money  —  Bill Moyers sits down with former Nixon White House strategist and political and economic critic Kevin Phillips, whose latest book BAD MONEY: RECKLESS FINANCE, FAILED POLITICS, AND THE GLOBAL CRISIS OF AMERICAN CAPITALISM explores the role …
Discussion: The Moderate Voice
Mark Naymik / OPENERS:
Ohio Newspaper Poll shows John McCain with slight lead over Barack Obama … CLEVELAND — The first Ohio Newspaper Poll, a collaboration among Ohio's largest daily newspapers, shows Republican Sen. John McCain with a lead over Democrat Sen. Barack Obama in Ohio and provides a snapshot …
Discussion: TIME.com
Kim Murphy / Los Angeles Times:
Alaskans angered that Palin is off-limits  —  Queries are directed through the McCain campaign machine.  Her political capital at home is eroding.  —  ANCHORAGE — Jerry McCutcheon went to Sarah Palin's office here last week to request information about the firing of former Public Safety …
Jeff G. / protein wisdom:
You say you want a revolution, well, you know...  A couple years back I talked about a kind of bloodless civil war happening in the US, the idea being that a logistical reshuffling could bring back into the national discussion federalist principles and arguments.
Discussion: At-Largely
RELATED:
Larisa Alexandrovna / The Huffington Post:
Welcome to the final stages of the coup...
 
 
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 More Items: 
Charlotte Eby / Quad City Times:
Times polls: Obama leads Iowa, Illinois
Discussion: TPM Election Central
Jill Zuckman / The Swamp:
Palin to meet Kissinger, Uribe, Karzai
Discussion: TIME.com
Daily Mail:
Sarah Palin is as popular as Diana in the hearts of the American public
Discussion: USS Neverdock
Reliapundit / THE ASTUTE BLOGGERS:
SUB-PRIME SLIME: OBAMA AND PRITZKER
Frank Rich / New York Times:
Truthiness Stages a Comeback
Discussion: PERRspectives Blog
Robert Barnes / Washington Post:
Republicans Compose a New Way of Campaigning
Discussion: Top of the Ticket and TIME.com
Cernig / Crooks and Liars:
Make Stuff Up, Bomb Iran
Discussion: The Independent and Israel Matzav
 Earlier Items: 
Dexter Filkins / New York Times:
Back in Iraq, Jarred by the Calm
Matthew Kaminski / Wall Street Journal:
Why the Surge Worked  —  Earlier this week in Baghdad …
Discussion: American Power and Commentary
William Kristol / Weekly Standard:
If...  Which candidate will keep his head?  —  “If you can keep …
Discussion: Commentary and Booman Tribune
Robert Pear / New York Times:
Behind the Scenes, Teams for Both Candidates Plan for a Presidential Transition
Discussion: The Caucus and TIME.com
Aaron Bruns / FOX Embeds:
Obama's “Got A Problem” If He Tries to Take Biden's Guns
Discussion: www.redstate.com
Rex Murphy / Globe and Mail:
The incredible shrinking Obama
Dan Balz / Washington Post:
Obama Hopes to Reverse Party Fortunes in Vote-Rich Fla.
Discussion: TalkLeft
 

 
From Techmeme:

Mishaal Rahman / Android Authority:
Source: Google has canceled the development of a second-generation Pixel Tablet, planned for release in 2025, due to concerns that it wouldn't sell very well

Mark Gurman / Bloomberg:
Sources: Apple is testing a more conversational version of Siri, dubbed “LLM Siri”, with plans to release it in spring 2026 as part of iOS 19 and macOS 16

The Information:
Sources: OpenAI considered making a browser, discussed deals to power AI features on Samsung devices and search on sites and apps from Condé Nast and others

 
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