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 …
Discussion:
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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 …
Discussion:
Michelle Malkin
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 …
Mark Silva / The Swamp:
Obama's news conference: Going ‘at it’ — President Barack Obama, ready “to go at it” with a news conference timed for prime-time television tonight, will make an appeal for bold federal spending and action in the face of a persistent economic crisis. — The presidential news conference arrives …
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.
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.
Jeffrey M. Jones / Gallup:AIG, Congress, Geithner Target of Bonus Backlash
Discussion:
The Politico, CBS News, Daily Kos, Taegan Goddard's …, The Hill's Blog Briefing Room and Real Clear Politics
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 …
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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.
Barack Obama / Baltimore Sun:
A time for global action — Obama, in his own words, on ‘the mess that we all face’ — WASHINGTON — We are living through a time of global economic challenges that cannot be met by half measures or the isolated efforts of any nation. Now, the leaders of the G-20 have a responsibility to take bold …
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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.
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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.
CNBC:
Geithner Plan Will Rob US Taxpayers: Stiglitz — The U.S. government plan to rid banks of toxic assets will rob American taxpayers by exposing them to too much risk and is unlikely to work as long as the economy remains weak, Nobel Prize-winning economist Joseph Stiglitz said on Tuesday.
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 …
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 …
Discussion:
QandO, Wall Street Journal, Washington Post, pbc.gov.cn, BloggingStocks, The Moderate Voice, Daniel W. Drezner, The Atlanticist, Clusterstock, pw, Donklephant and GINA COBB
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Paul Krugman:
Larry, Larry — From The Hill: … I'm fine with this. Larry is a first-rate economist with a job to do, and I wish him luck in it. He understands what I'm saying, of course, but he's doing his best to support the official line. — That line now goes like this: first …
Discussion:
Lawyers, Guns and Money
Wall Street Journal:
Obama Gets Their Irish Up — The president doesn't want a dialogue about abortion. — “We hope for this to be the basis of an engagement with him.” So explains Notre Dame's president, the Rev. John Jenkins, as he discusses the university's choice of Barack Obama as this year's commencement speaker.
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
Paul Farhi / Washington Post:
Consider This: NPR Achieves Record Ratings — At a time when newspapers, magazines and TV news continue to lose readers and viewers, at least one part of the traditional media has continued to grow robustly: National Public Radio. — The audience for NPR's daily news programs, including …
Discussion:
NewsBusters.org
Adam Liptak / New York Times:
Strip-Search of Girl Tests Limit of School Policy — SAFFORD, Ariz. — Savana Redding still remembers the clothes she had on — black stretch pants with butterfly patches and a pink T-shirt — the day school officials here forced her to strip six years ago. She was 13 and in eighth grade.
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