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7:20 PM ET, December 1, 2008

memeorandum

 Top Items: 
CNN:
Obama rolls out national security team  —  (CNN) — President-elect Barack Obama on Monday announced Sen. Hillary Clinton as his pick for secretary of state, calling her an “American of tremendous stature who will have my complete confidence.”  —  “Hillary's appointment is a sign to friend …
RELATED:
David Corn / MoJoBlog:
The Curious Retention of Robert Gates  —  Barack Obama's national security team—at this early stage—presents more questions than answers.  His selection of Hillary Clinton to be secretary of state has been a much-chewed-over topic of pundit puzzlement.  And with the Monday morning unveiling …
Mary Ann Akers / The Sleuth:
It Hurts To Be John Kerry Today  —  It must have been painful, but at least it was classy.  Sen. John Kerry's (D-Mass.) reaction statement to President-elect Obama's choice for secretary of state was the first to arrive in the Sleuth's inbox (besides, of course, Bill Clinton's).
David Stout / New York Times:
Obama Unveils His National Security Team
Frank James / The Swamp:
Obama rebukes Bush years with Clinton
Discussion: The Politico and City Room
New York Times:
Obama's National Security Team Announcement
Discussion: Opinion L.A. and FP Passport
Michael M. Grynbaum / New York Times:
Dow Plunges 680 Points as Recession Is Declared  —  The evidence of a recession has been widespread for months: slower production, stagnant wages and hundreds of thousands of lost jobs.  —  But the nonpartisan National Bureau of Economic Research, charged with making the call for the history books …
RELATED:
Chris Isidore / CNNMoney.com:
It's official: Recession since Dec. '07  —  The National Bureau of Economic Research declares what most Americans already knew: the downturn has been going on for some time.  —  NEW YORK (CNNMoney.com) — The National Bureau of Economic Research said Monday that the U.S …
Lauren Sher / ABCNEWS:
Bush: ‘I Did Not Compromise My Principles’  —  President George W. Bush Says He Will Leave Office With ‘Head Held High’  —  Looking back on his eight years in the White House, President George W. Bush pinpointed incorrect intelligence that Iraqi President Saddam Hussein had weapons of mass destruction as …
RELATED:
CNN:   Bush says some voters backed Obama ‘because of me’
Faiz Shakir / Think Progress:
Fox News shut out again at Obama press conference.  —  Fishbowl DC has been keeping tabs of which media outlets have been allowed to ask a question at President-elect Barack Obama's five press conferences so far.  They report Fox News is 0-5.  “Questions instead went to such outlets as ABC …
Minneapolis Star Tribune:
For Franken, a math problem  —  Challenged ballots may offer the Senate challenger a path to overtaking Coleman, but numbers indicate it would be a tough route.  —  While a tiny margin separates the candidates in the Minnesota U.S. Senate race, it is wide enough that Democrat Al Franken faces …
RELATED:
Michael O'Brien / The Hill:
Franken May Ask Senate to Intervene in Minn. Recount
Discussion: Truthdig and TIME.com
Reuters:
Credit-card industry may cut $2 trillion lines: analyst  —  (Reuters) - The U.S. credit-card industry may pull back well over $2 trillion of lines over the next 18 months due to risk aversion and regulatory changes, leading to sharp declines in consumer spending, prominent banking analyst Meredith Whitney said.
RELATED:
Meredith Whitney / Financial Times:
America must keep consumer liquidity flowing
Discussion: naked capitalism and Portfolio
Jack Schofield / Guardian:
Memeorandum runs rings around Google News  —  If you want to know what's happening in the world, then Memorandum will tell you - at least in a couple of areas.  It's an automated news clipping service, known in the trade as a “news aggregator”.  It provides headlines and short texts updated every few minutes …
RELATED:
Joe Gandelman / The Moderate Voice:
Take A Peek At Super-Quick Internet News Aggregater memeorandum
Discussion: The Impolitic
The Daily Beast:
How is it Obama can fill a Cabinet faster than NBC can replace Tim Russert?  —  The suits at NBC are doing far more agonizing over who should fill Tim Russert's shoes on Meet the Press than Obama is over appointing his cabinet.  They're taking more time over it, too.
Discussion: The Impolitic, MyDD and Alternate Brain
RELATED:
Michael Calderone / The Politico:   Brown: Maddow should get ‘Meet’ job
Dorothy Rabinowitz / Wall Street Journal:
Deepak Blames America  —  The media look within to explain the sick delusions of the Mumbai killers.  —  If the Mumbai terror assault seemed exceptional, and shocking in its targets, it was clear from the Thanksgiving Day reports that we weren't going to be deprived of the familiar, either.
Ben Smith / Ben Smith's Blogs:
Not resigning  —  “Senator Clinton intends to remain in office through confirmation,” emails spokesman Philippe Reines.  —  UPDATE: Says New York Governor David Paterson in a statement: “In order to appoint the best possible candidate to replace Senator Clinton, I am consulting with a wide variety …
Phil Singer / The Marathon Blog:
If Matthews Is Mulling A Senate Run, He Shouldn't Be On The Air  —  If Chris Matthews is seriously considering a run for Arlen Specter's Senate seat, he shouldn't be on the air right now.  —  One of the reasons millions of people rely on NBC as a news source is that it's objective and driven by a fidelity to covering the news.
Discussion: Taylor Marsh and Political Punch
Toronto Star:
Liberals: Dion would be PM  —  VIDEO: Tories toss policy, release secret tapes  —  Liberal Leader Stephane Dion shakes hands with caucus members following a caucus meeting on Parliament Hill, in Ottawa Monday Dec. 1, 2008.  The Liberals have said they have agreed to form a coalition government …
Discussion: Weekly Standard and Making Light
Catherine Clifford / CNN:
9,200 Washington Mutual jobs cut  —  NEW YORK (CNNMoney.com) — JPMorgan Chase said Monday it plans to lay off 9,200 employees at Washington Mutual, the failed savings and loan that the New York City-based banking giant bought in September.  —  Once the largest savings and loan in the country …
Al Kamen / Washington Post:
The Cabinet Possibilities Who Are Saying ‘No, Thanks’ (for Now)  —  We took a break from handicapping who's in the running for jobs in President-elect Barack Obama's administration to scour the public record and find contenders who have taken themselves out of consideration.
Discussion: Becoming 44 and The New Republic
Paul Krugman / New York Times:
Deficits and the Future  —  Right now there's intense debate about how aggressive the United States government should be in its attempts to turn the economy around.  Many economists, myself included, are calling for a very large fiscal expansion to keep the economy from going into free fall.
Rod Liddle / Times of London:
Muslim graveyard refuses to bury terrorists in Mumbai  —  Nico Hines, and Rhys Blakely in Mumbai  —  A Muslim graveyard in the heart of Mumbai has broken with Islamic tradition and refused to bury the bodies of nine terrorists who were killed during the attack on India's financial capital.
David A. Patten / NewsMax.com:
Jeb Bush to GOP: Don't Become ‘Democrat-Lite’  —  Former Florida Gov. Jeb Bush tells Newsmax that the GOP must broaden its appeal to avoid becoming “the old white-guy party,” and recommends that Republicans create a “shadow government” to engage Democrats on important issues …
Discussion: Think Progress and The Raw Story
Matt Apuzzo / Associated Press:
AP IMPACT: US diluted loan rules before crash  —  WASHINGTON - The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed.
 
 
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 More Items: 
Louis V. Gerstner Jr / Wall Street Journal:
Lessons From 40 Years of Education ‘Reform’
Discussion: Joanne Jacobs and EconLog
Daphne Eviatar / The Washington Independent:
Detaining Chinese at Gitmo a Power Strategy
Jonathan D. Salant / Bloomberg:
Obama's Army of E-Mail Backers Gives Him Clout to Sway Congress
ABCNEWS:
U.S. Warned India in October of Potential Terror Attack
Josh Marshall / Talking Points Memo:
TPM HIRES CAPITOL HILL REPORTER-BLOGGER
Myglesias / Matthew Yglesias:
Energy Policy: Hopefully Not Keeping Up With General Jones
Discussion: Wonk Room
 Earlier Items: 
Emily Cadei / CQ Politics:
N.Y. Governor Navigating Political Thicket to Fill Clinton Seat
Discussion: Associated Press
Marc Ambinder:
Wait, Wait, Do Tell Me  —  With an accompanying brag …
Tom Jensen / Public Policy Polling:
Polling the Georgia race
Clay Risen / The New Republic:
Rice on Deck  —  Completely idle speculation here …
Discussion: Hot Air, JustOneMinute and The Reaction
BBC:
Cheap sex - the credit crunch is biting under the sheets
Discussion: Fausta's Blog
Washington Post:
Pentagon to Detail Troops to Bolster Domestic Security