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10:00 AM ET, March 24, 2009

memeorandum

 Top Items: 
Washington Post:
U.S. Seeks Expanded Power to Seize Firms  —  Goal Is to Limit Risk to Broader Economy  —  The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers …
RELATED:
Washington Post:
Senate Will Delay Action on Punitive Tax on Bonuses  —  Jarred by a cool reception from the White House and fears of unintended consequences across the financial world, Senate leaders are likely to delay until late next month legislation to punitively tax bonuses at banks and investment firms that receive federal aid.
Alexander Bolton / The Hill:
House bonus bill is buried by the Senate  —  President Obama and Senate Democrats have buried a bill passed last week by the House that would have heavily taxed executive bonuses at bailed-out firms.  —  Despite the public outcry over $165 million in bonuses awarded at troubled insurer AIG …
Josh Marshall / Talking Points Memo:
MUST READ  —  There's an eye-opening, perhaps eye-popping, article in tomorrow's Journal ("Obama Dials Down Wall Street Criticism"), the gist of which is that over the last three months Obama and his team have learned that they've got to start respecting Wall Street and the big banks if they want to get anything done.
RELATED:
Monica Langley / Wall Street Journal:
Obama Dials Down Wall Street Criticism  —  WASHINGTON — The Obama administration, after months of criticizing Wall Street, has been scrambling to woo top bankers and financiers to back its latest bailout plan.  —  In recent days, in spite of public furor over huge bonuses paid …
Molly K. Hooper / The Hill:
Go back into hiding, GOP begs Dick Cheney  —  Congressional Republicans are telling Dick Cheney to go back to his undisclosed location and leave them alone to rebuild the Republican Party without his input.  —  Displeased with the former vice-president's recent media appearances …
RELATED:
The Hill:
Go back into hiding, GOP begs Dick Cheney
Discussion: Political Machine and MyDD
Joe Dwinell / Boston Herald:
Poll of change: Obama's job approval slipping to ‘50-50’  —  + Recent Articles + Recent Blog Entries + Email + Bio  —  The honeymoon is over, a national poll will signal tomorrow as President Obama's job approval stumbles to about 50 percent over the lack of improvement with the crippled economy.
RELATED:
Jamil Anderlini / Financial Times:
China calls for new reserve currency  —  China's central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.  —  In an essay posted on the People's Bank of China's website, Zhou Xiaochuan …
RELATED:
David Barboza / New York Times:
China Urges New Money Reserve to Replace Dollar
Discussion: Outside The Beltway and AmSpecBlog
Andrew Batson / Wall Street Journal:
China Takes Aim at Dollar
Discussion: Brad Setser and The Raw Story
Jonathan Martin / The Politico:
Obama seeks filter-free news  —  At a time when his Washington honeymoon is turning into a hazing, President Barack Obama and his team are launched on a strategy to sail above the traditional White House press corps by reaching out to liberal commentators, local reporters and ethnic media.
John / Power Line:
HOW WOULD HE PRONOUNCE “CASSIOPEIA”?  —  Everyone knows that Barack Obama is lost without his teleprompter, but his latest blunder, courtesy of the Milwaukee Journal Sentinel, via the Corner, suggests that the teleprompter may not be enough unless it includes phonetic spellings.
RELATED:
Jon Ward / Washington Times:
UPDATED:  —  President Barack Obama on Tuesday published an editorial in 31 newspapers around the world, from Riyadh to Hong Kong to New Delhi to Chicago, attempting to stake out a strong leadership position at next month's global economic summit in London.  —  “The United States is ready to lead …
Discussion: The Raw Story
RELATED:
Barack Obama / Chicago Tribune:
A time for global action  —  WASHINGTON — We are living through …
Discussion: The Swamp and Think Progress
Jeffrey M. Jones / Gallup:
AIG, Congress, Geithner Target of Bonus Backlash  —  No consensus on best way to recover bonus money  — USA - Credit Crisis - Financial Services - Government and Politics - Americas - Northern America  —  PRINCETON, NJ — For the most part, the central players in the AIG bonus controversy …
RELATED:
McClatchy Washington Bureau:
Congress isn't feeling much heat from Obama's ‘army’  —  WASHINGTON — President Barack Obama's army of canvassers fanned out across the nation over the weekend to drum up support for his $3.55 trillion budget, but they had no noticeable impact on members of Congress, who on Monday said they were largely unaware of the effort.
Discussion: Don Surber and Below The Beltway
Wall Street Journal:
Will Obama Listen to Iran's Bloggers?  —  Barack Obama extended the olive branch to Iran's leaders last Friday in a videotaped message praising a “great civilization” for “accomplishments” that “have earned the respect of the United States and the world.”  The death of Iranian blogger Omid-Reza Mirsayafi …
Myglesias / Matthew Yglesias:
Build Transit Where It's Most Needed: In the Core  —  Reps. Gerry Connolly and Jim Moran, both good transit folks from Northern Virginia, have introduced a bill to study Metro expansion.  This is a good idea and a welcome development, exactly the sort of thing I was hoping would come from Connolly getting elected.
Discussion: The Bellows and Eschaton
DealBook:
Cuomo Says Most Huge A.I.G. Bonuses Were Returned  —  Attorney General Andrew M. Cuomo of New York announced late Monday afternoon that 9 of the top 10 bonus recipients at the American International Group were giving back their bonuses.  —  He also said 15 of the largest 20 bonus recipients …
RELATED:
Megan Slack / The Huffington Post:
Tammy Bruce Calls The Obamas “Trash In The White House”  —  Tammy Bruce, guest host for Laura Ingram's radio show, had some harsh words for First Lady Michelle Obama.  —  Discussing the first lady's visit to a Washington D.C. classroom last week, Bruce incredulously recalled Obama's story …
Amanda Terkel / Think Progress:
O'Reilly Attacks Me As A ‘Villain’ For Highlighting His Rape Comments  —  As promised, tonight, Fox News host Bill O'Reilly aired his segment alleging that ThinkProgress caused “pain and suffering” to rape victims.  Our unspeakable offense was contained in a March 1 blog post …
Charles Homans / Washington Monthly:
Culture Shock  —  What happened when one conservative Web site ventured outside the movement bubble.  —  Last May, Conor Friedersdorf, a twenty-eight-year-old recent graduate of NYU's Journalism School, decided he was going to save conservative journalism.
 
 
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 More Items: 
Wall Street Journal:
AIG's Bonus Unit Now in IRS's Sights
Discussion: Fox News
George F. Will / Washington Post:
The Toxic Assets We Elected
Discussion: Commentary and Blue Crab Boulevard
Paul Farhi / Washington Post:
Consider This: NPR Achieves Record Ratings
Discussion: NewsBusters.org
Michael Greve / National Review:
Preemption Strike  —  Not so long ago, the Roberts Court drew …
Discussion: The Volokh Conspiracy
Amanda Carpenter / Washington Times:
House GOP obtains e-mails from Countrywide's VIP loan program
Dudley Althaus / Houston Chronicle:
Rural Mexican villages dig moats to repel gangsters
 Earlier Items: 
Democracy Corps:
Report on the Obama Generation
Ed Morrissey / Hot Air:
Video: Organizing for America's training program
Karl Denninger / The Market Ticker:
Open Letter To The FDIC Ombudsman
Discussion: EconLog
Phil Davis / Financial Times:
Ron Paul: Believer in small government predicts 15-year depression
Discussion: ParaPundit
Chris Kelly / The Huffington Post:
Townhall: Michelle Obama is a Bitch, Get It?
 

 
From Mediagazer:

Caitlin Huston / The Hollywood Reporter:
Internal memo: Hearst Magazines president announces layoffs as part of a decision to “reallocate resources” to “continue our focus on digital innovation”

Jon Brodkin / Ars Technica:
FCC Chairwoman Jessica Rosenworcel announced she will leave the agency on January 20; she was the first woman to be confirmed to lead the agency

Lachlan Cartwright / The Ankler:
Sources: MSNBC renewed Rachel Maddow's contract early this fall, but with a pay cut; MSNBC bosses' plan to shake up daytime and weekend programming

 
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