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10:55 AM ET, November 23, 2008

memeorandum

 Top Items: 
Thomas L. Friedman / New York Times:
We Found the W.M.D.  —  So, I have a confession and a suggestion.  The confession: I go into restaurants these days, look around at the tables often still crowded with young people, and I have this urge to go from table to table and say: “You don't know me, but I have to tell you that you shouldn't be here.
Washington Post:
Banking Regulator Played Advocate Over Enforcer  —  Agency Let Lenders Grow Out of Control, Then Fail  —  When Countrywide Financial felt pressured by federal agencies charged with overseeing it, executives at the giant mortgage lender simply switched regulators in the spring of 2007.
RELATED:
Gretchen Morgenson / New York Times:
That Money Isn't Leaving the Vault  —  SO goes the old saw about bankers: they loan you an umbrella when the sun is shining, only to ask for it back when it rains.  —  But with our economy and markets in a world of hurt, the nation's banks were supposed to stow their self-interest and help start lending again.
Discussion: Whiskey Fire
Michael Abramowitz / Washington Post:
Some in the Arab World Worry that Clinton Would Be More Hawk Than Dove  —  One Issue: Whether Probable Secretary of State Would Be More Hawk Than Dove  —  There is possibly no person President-elect Barack Obama considered for secretary of state who is more reliably pro-Israel …
Discussion: Commentary and TIME.com
RELATED:
Leonard Doyle / The Independent:
Hillary plays hardball  —  The first sign of friction in the Obama camp as Mrs Clinton demands - and gets - a purge of her critics before accepting Secretary of State role  —  Before Hillary Clinton has been formally offered the job as Secretary of State, a purge of Barack Obama's top foreign policy team has begun.
Tim Shipman / Telegraph:
Barack Obama accused of selling out on Iraq by picking hawks to run his foreign policy  —  Barack Obama has been accused of selling out his promises of change in US foreign policy by putting national security policy in the hands of establishment figures who supported the Iraq war.
Tim Shipman / Telegraph:
Barack Obama's aides believe he has made a mistake in hiring Hillary Clinton
Daniel Gross / Slate:
Why all those Great Depression analogies are wrong.  —  It's difficult to avoid the comparisons between the current sad state of financial affairs and the Great Depression.  “This is not like 1987 or 1998 or 2001,” Merrill Lynch CEO John Thain said at a conference on Nov. 11.
Sophia A. Nelson / Washington Post:
It's My Party, But I Don't Feel Part of It  —  Election night was a bittersweet night for me.  Like most Americans, and especially as an African American, I found it deeply moving to watch President-elect Barack Obama and his family — soon to be our nation's first African American first family — stride onstage for his victory speech.
Mike Allen / The Politico:
Richardson at Commerce, Summers as economic adviser  —  Democratic sources report two major decisions by President-elect Obama: New Mexico Gov. Bill Richardson (D) will be named secretary of Commerce, subject to final vetting.  And Lawrence Summers, Treasury secretary in the Clinton administration, will be White House economic adviser.
Discussion: www.redstate.com and TIME.com
RELATED:
New York Times:   Former Treasury Secretary to Lead Economic Council
Lee Speigel / Political Punch:
Summers to Be Top White House Economic Adviser at NEC
Discussion: Greg Mankiw's Blog
New York Times:
Citigroup Pays for a Rush to Risk  —  “Our job is to set a tone at the top to incent people to do the right thing and to set up safety nets to catch people who make mistakes or do the wrong thing and correct those as quickly as possible.  And it is working.  It is working.”
Patrick Hosking / Times of London:
Britain is in no position to laugh at Iceland's problems  —  Is Britain simply a bigger version of Iceland?  Certainly the City of London is starting to look a bit too much like Reykjavik, but with taller buildings and fewer cod.  It is an exaggeration, but not that much of an exaggeration …
Discussion: EconLog and The Corner
Sarah Baxter / Times of London:
Green Obama's official limo is a gas guzzler  —  On the campaign trail, Barack Obama promised to get a million plug-in hybrid cars on the road by 2015.  His own new presidential limousine will be far from green, however.  —  The Obamobile being prepared for the president-elect …
 
 
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 More Items: 
Mark Steyn / The Corner:
My fowl lady  —  The rondeau a la turkey goes on.
Discussion: Anchorage Daily News
Melanie Kirkpatrick / Wall Street Journal:
Sounding the Nuclear Alarm
Discussion: ThreatsWatch
Jack Grant / The Moderate Voice:
Of Endings and Beginnings and Bailouts
Discussion: Newshoggers.com
Lizette Alvarez / New York Times:
Despite Army's Assurances, Violence at Home
Amanda Terkel / Think Progress:
Chambliss Skips Vote On Unemployment Benefits While Giving …
Discussion: Associated Press
 Earlier Items: 
Agence France Presse:
Over 200 whales trapped in Canadian ice
Discussion: TigerHawk
Ben Smith / Ben Smith's Blogs:
Moran to run press shop
Discussion: www.redstate.com
 

 
From Mediagazer:

Mandy Dalugdug / Music Business Worldwide:
UMG, ABKCO, and Concord sue Believe and its subsidiary TuneCore for $500M+, alleging Believe built its business via “industrial-scale 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

Christopher Palmeri / Bloomberg:
Sources: Shari Redstone does not plan to stay on the board of Paramount Global after the company completes its planned merger with Skydance Media

 
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