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1:50 PM ET, December 12, 2008

memeorandum

 Top Items: 
Chicago Tribune:
Blagojevich fundraiser held by Jackson allies Saturday  —  As Gov. Rod Blagojevich was trying to pick Illinois' next U.S. senator, businessmen with ties to both the governor and U.S. Rep. Jesse Jackson Jr. discussed raising at least $1 million for Blagojevich's campaign as a way to encourage …
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Eli Saslow / Washington Post:
Obama Worked to Distance Self From Blagojevich Early On  —  Like every other politician in Illinois, Gov. Rod Blagojevich waited for Barack Obama's call this summer.  He told colleagues that he expected a speaking role at the 2008 Democratic National Convention, a nice bit of payback …
Chicago Breaking News:
Madigan asks court: Remove Blagojevich  —  Atty. General Lisa Madigan called on the Illinois Supreme Court today to temporarily remove Gov. Rod Blagojevich from office and appoint Lt. Gov. Patrick Quinn as acting governor, “so the business of the state of Illinois can go forward.”
Chicago Tribune:
Sam Zell's financial adviser at Tribune Co. was middleman sought by Blagojevich
Chicago Sun Times:
What's next for Jesse Jackson Jr.?
Discussion: TIME.com and Political Machine
Steve Benen / Washington Monthly:
‘THE PARTY OF HERBERT HOOVER’.... On Wednesday, Dick Cheney met with Senate Republicans and emphasized the importance of keeping the American automotive industry afloat.  “If we don't do this, we will be known as the party of Herbert Hoover forever,” the vice president said.
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Micheline Maynard / New York Times:
U.A.W. at Center of Dispute Over Bailout  —  DETROIT — Opponents of a Congressional bailout for Detroit auto companies and the United Automobile Workers union traded charges Friday over who was responsible for the defeat of legislation that would have provided temporary financing until the automakers restructured.
David Rogers / The Politico:
Bailout failure shows leadership vacuum
Discussion: The Caucus
Pan Pylas / Associated Press:
World markets plunge as US auto bailout fails
Discussion: The Other McCain
Carrie Budoff Brown / The Politico:
Rendell slams Obama over Blago  —  Pennsylvania Gov. Ed Rendell today criticized Barack Obama for not being more upfront about the Illinois corruption scandal.  —  Now, he said, the story will continue to dominate the media's attention.  —  “They have never been in an executive position before …
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CNN:
Illinois Democratic lawmakers begin impeachment effort for gov
White House:
Statement by Press Secretary Dana Perino  —  It is disappointing that while appropriate and effective legislation to assist and restructure troubled automakers received majority support in both houses, Congress nevertheless failed to pass final legislation.  The approach in that legislation provided …
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Todd S. Purdum / New York Times:
Robin Toner, Times Reporter, Is Dead  —  Robin Toner, who was the first woman to be the national political correspondent of The New York Times and who had a significant hand in the coverage of five presidential elections, innumerable Congressional and gubernatorial campaigns …
Wall Street Journal:
Top Broker Accused of $50 Billion Fraud  —  Sons Turned In Madoff After He Allegedly Told Them His Investment-Advisory Business for the Wealthy Was ‘Giant Ponzi Scheme’  —  Bernard L. Madoff, a former chairman of the Nasdaq Stock Market and a force in Wall Street trading for nearly 50 years …
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Charles Krauthammer / Washington Post:
The Real Obama  —  Barack Obama has garnered praise from center to right — and has highly irritated the left — with the centrism of his major appointments.  Because Obama's own beliefs remain largely opaque, his appointments have led to the conclusion that he intends to govern from the center.
Discussion: Swampland and Betsy's Page
Amanda Terkel / Think Progress:
Powell lashes out at Palin: I'm from the South Bronx, 'and there's nothing wrong with my value system.'  —  In an interview with CNN's Fareed Zakaria that will air this weekend, former Secretary of State Colin Powell sharply criticized the Republican party and its “value system,” taking particular aim at Gov. Sarah Palin (R-AK):
Discussion: Pam's House Blend
Joseph Stiglitz / Financial Times:
Chapter 11 is the right road for US carmakers  —  The debate about whether or not to bail out the Big Three carmakers has been mischaracterised.  It has been described as a package to help the undeserving dinosaurs of Detroit.  In fact, a plan to bail out the carmakers would benefit shareholders …
Discussion: Firedoglake
myfoxtwincities.com:
Exclusive: Norm Coleman's Renovation Project Coincides with Financial Lawsuit  —  ST. PAUL (FOX 9) — The timing and cost of Sen. Norm Coleman's home renovation has again raised questions about allegations that an Edina, Minn. businessman funneled money to Norm Coleman's wife Laurie.
New York Times:
What's Plan B?  —  Senate Republicans determined to block the $14 billion rescue package for Chrysler and General Motors have trotted out predictable rhetoric about the dangers of Big Government.  Senator Mitch McConnell of Kentucky, the Republican leader, warned on Thursday that …
 
 
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 More Items: 
Alfie Kohn / The Nation:
Beware School ‘Reformers’
The Politico:
Obama's chief tech duties
Discussion: The Huffington Post
Josh Marshall / Talking Points Memo:
THOUGHTS ON THE BAILOUT FLAMEOUT
Andrew Levy / Daily Mail:
School choir forced to pull out of Christmas concert as carols were ‘too religious’
Discussion: Right Wing News
 Earlier Items: 
Steven Pearlstein / Washington Post:
Just One Real Leader, and We Could Have Avoided This Mess
Chris Cillizza / The Fix:
The Friday Line: Ranking Modern Political Scandals
Paul Farhi / Washington Post:
WUSA Moves to One-Person News Crews
Scott Horton / Harper's:
Politics and the Federal Prosecutor
Jonathan Stempel / Reuters:
Jim Rogers calls most big U.S. banks “bankrupt”
 

 
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”

Katie Robertson / New York Times:
The NYT reports adding 260K digital subscribers in Q3, for 11.9M in total, with digital ad revenue up 8.8% YoY to $81.6M, and The Athletic had its first profit

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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