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3:45 AM ET, February 9, 2009

memeorandum

 Top Items: 
Floyd Norris / New York Times:
U.S. Bank Bailout to Rely in Part on Private Money  —  Wall Street helped produce the global financial and economic crisis.  Now, as the Obama administration prepares to unveil a revised bailout plan for the banking system, policy makers hope Wall Street can be part of the solution.
RELATED:
Silla Brush / The Hill:
Geithner postpones unveiling TARP plan
Discussion: The Corner and THE ASTUTE BLOGGERS
Wall Street Journal:
Bank Bailout Plan Revamped
Discussion: naked capitalism
Sharon Otterman / New York Times:
Treasury to Unveil Bailout Plan Tuesday
Discussion: The Politico, TIME.com and The Swamp
NY Daily News:
Celebrity side dish: Ann Coulter under investigation  —  Iman wants the world to stand up to Somalian pirates.  The supermodel is pained that her homeland remains so lawless that kids there can't get AIDS drugs from Keep a Child Alive's “Mother Africa” campaign.
RELATED:
Mark Hemingway / The Corner:
Another Possible Obama Tax Problem?
Discussion: Moe Lane and THE ASTUTE BLOGGERS
RELATED:
Joe Gandelman / The Moderate Voice:
Saturday Night Live Lampoons Reid Pelosi On Stimulus Plan
Discussion: Scared Monkeys
Jack Dunphy / Patterico's Pontifications:
Feeling Unstimulated? Watch This.
Discussion: Right Wing News
The Huffington Post:
Steele Confuses Stephanopoulos: Claims Government Jobs “Aren't Jobs,” Private Sector Jobs Never Go Away  —  There is certainly a political debate to be waged over whether or not government spending can effectively create jobs.  But in his interview on This Week with George Stephanopoulos on Sunday …
John Hawkins / Pajamas Media:
How the Internet Damages Our Culture  —  America is ruder, cruder, and more paranoid than it once was.  The anonymity of the Web bears much of the blame.  —  American society as a whole, and politics in particular, has become considerably ruder, cruder, and more paranoid than it used to be.
Martina Stewart / CNN:
SC Governor: We're moving close to ‘a savior-based economy’  —  WASHINGTON (CNN) - As many state and local officials clamor for their share of the billions of dollars in federal aid in the stimulus bill under consideration in Washington, South Carolina's Republican governor is sounding a note …
Discussion: MyDD and Hullabaloo
Stan Collender / Capital Gains and Games blogs:
Disagreeing With Paul Krugman  —  Paul Krugman doesn't believe that the stimulus bill is likely to be enough to get the job done and seems almost despondent about the fact that the compromise that will allow something to pass the Senate made it even smaller.
Discussion: Paul Krugman
The Hill:
Senators pressure Pelosi on stimulus  —  Senators are pressuring Speaker Nancy Pelosi to embrace most of the stimulus bill they hope to pass early next week, claiming that adopting too many House provisions will doom the measure in the upper chamber.  —  After two years of showdowns …
Lloyd Blankfein / Financial Times:
Do not destroy the essential catalyst of risk  —  Since the spring, and most acutely this autumn, a global contagion of fear and panic has choked off the arteries of finance, compounding a broader deterioration in the global economy.  —  Much of the past year has been deeply humbling for our industry.
Discussion: naked capitalism and Swampland
Ali Frick / Think Progress:
Sen. Ensign: It's ‘Fearmongering’ To Suggest That Any Teachers Would Lose Their Jobs  —  On Meet the Press this morning, Rep. Barney Frank (D-MA) slammed proposed cuts in aid to the states in the stimulus bill, explaining that states are slashing their funding for vital public needs.
RELATED:
Myglesias / Matthew Yglesias:
Senator Ensign Thinks States Can Cut Back Without Cutting Anything Back
Ted Ekeroth:
Arabs throws pipebombs and fires rockets on peacful pro-israeli demonstration  —  This time the police was in better shape to handle the arabic mob that once again attacked our peacful pro-israeli demonstration in Malmö.  —  The police had sealed off the entire square, Stortorget …
Ezra Klein / American Prospect:
THE UNBEARABLE LIGHTNESS OF CENTRISM.  —  There are two basic arguments you heard coming from the Collins-Nelson crew.  The first was that the stimulus was too big.  Asked last week to outline his thinking on the stimulus, Nelson said, “I think it will be below 800 [billion].
Discussion: The New Republic
Myglesias / Matthew Yglesias:
A Flawed Stimulus is Better than No Stimulus  —  Claire McCaskill seems to be softening her line on the Senate stimulus deal.  She Tweets “Just saw Krugman's comments on reduction in recov act.  Question for him.  Would no stimulus act be better than one thats 800 B instead of 900.”
Discussion: Open Left
Michael Goodwin / NY Daily News:
Goodwin: Stumbling out the gate  —  It's not easy to waste a mandate and a honeymoon at the same time, but President Obama seems determined to try.  You know he's off to a lousy start when his most favorable reviews came after he said, “I screwed up.”  —  Did he ever, and not just once.
Alaa Al Aswany / New York Times:
Why the Muslim World Can't Hear Obama  —  PRESIDENT OBAMA is clearly trying to reach out to the Muslim world.  I watched his Inaugural Address on television, and was most struck by the line: “We are a nation of Christians and Muslims, Jews and Hindus, and nonbelievers.”
Brad Stone / New York Times:
Prop 8 Donor Web Site Shows Disclosure Law Is 2-Edged Sword  —  FOR the backers of Proposition 8, the state ballot measure to stop single-sex couples from marrying in California, victory has been soured by the ugly specter of intimidation.  —  Some donors to groups supporting the measure …
 
 
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 More Items: 
Ishtiaq Mahsud / Associated Press:
Video appears to show hostage killing in Pakistan
Los Angeles Times:
States' only option now is budget pain
Discussion: Washington Monthly
Tim Blair:
FIRE LATEST  —  The Victorian bushfire death toll now stands at 93:
 Earlier Items: 
Josh Marshall / Talking Points Memo:
NOTABLE  —  A lot of readers see what Collins, Nelson …
Discussion: TPMDC and Open Left
Mickey Kaus / Kausfiles:
Hello? GOPs? Your favorite wedge issue is coming back.
Anne Flaherty / Associated Press:
Anti-war lawmakers worry over plan for Afghanistan
 

 
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

Manish Singh / TechCrunch:
India issues a notice to Wikipedia over bias concerns, questioning if it should be classified as a publisher, after judges called its open editing “dangerous”

 
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