Top Items:
Paul Krugman / New York Times:
That '30s Show — O.K., Thursday's jobs report settles it. We're going to need a bigger stimulus. But does the president know that? — Let's do the math. — Since the recession began, the U.S. economy has lost 6 ½ million jobs — and as that grim employment report confirmed …
Discussion:
Atlantic Correspondents, The Strata-Sphere, Clusterstock, The Confluence, Balloon Juice, Economist's View and Vox Popoli
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Wall Street Journal:
The EPA Silences a Climate Skeptic — The professional penalty for offering a contrary view to elites like Al Gore is a smear campaign. — Printer — Friendly — Wherever Jim Hansen is right now — whatever speech the “censored” NASA scientist is giving — perhaps he'll find time to mention the plight of Alan Carlin.
Paul Krugman:
Secrets of the WSJ — This morning's Wall Street Journal opinion section contains a lot of what one expects to see. There's an opinion piece making a big fuss over the fake scandal at the EPA. There's an editorial claiming that the latest job figures prove the failure of Obama's economic plan — something I dealt with in the Times.
Octavio Sánchez / Christian Science Monitor:
A ‘coup’ in Honduras? Nonsense. — Don't believe the myth. The arrest of President Zelaya represents the triumph of the rule of law. — TEGUCIGALPA, HONDURAS - — Sometimes, the whole world prefers a lie to the truth. The White House, the United Nations, the Organization of American States …
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Macon Telegraph:
ERICKSON: Who cares about Honduras? — Barack Obama has fundamentally shifted our foreign policy away from our own national interests in Honduras. He aligns us with the interests of Hugo Chavez, Fidel Castro and a long list of South American drug cartels.
James Kirchick / NY Daily News:Obama ‘meddles’ in Honduras — and chooses the wrong side
Discussion:
Washington Post, Counterterrorism Blog, Macsmind, Jules Crittenden, The Moderate Voice, neo-neocon and Gateway Pundit
R. Jeffrey Smith / Washington Post:
Court Filing Shows Evidence Cheney Swayed White House Response to CIA Leak — Discussions of CIA Agent Listed in Filing — A document filed in federal court this week by the Justice Department offers new evidence that former vice president Richard B. Cheney helped steer …
Discussion:
Crooks and Liars, Political Byline, PERRspectives, At-Largely, Emptywheel, The Confluence and Shakesville
Shlomo Shamir / Haaretz:
Report: U.S. to block Iran sanctions at G8 summit — The United States is opposed to enacting a new set of financial sanctions against Iran that are due to be discussed in the G8 summit next week, diplomatic officials in New York reported Friday. — According to officials, sanctions against Iran are expected to top the G8's agenda.
Discussion:
YID With LID, Cold Fury, Atlas Shrugs, Hot Air, The Anchoress, Jihad Watch, THE ASTUTE BLOGGERS, Little Green Links and Israel Matzav
Myglesias / Matthew Yglesias:
Al Franken, Policy Wonk — Amy Klobuchar (D-MN) welcomed her new colleague Al Franken to the Senate with a fairly rude remark: “It's important he go against the grain of his past career and really get to know the issues.” As Jon Chait says: … I have met Franken, years ago …
Discussion:
New York Times
Stan Liebowitz / Wall Street Journal:
New Evidence on the Foreclosure Crisis — Zero money down, not subprime loans, led to the mortgage meltdown. — Printer — Friendly — What is really behind the mushrooming rate of mortgage foreclosures since 2007? The evidence from a huge national database containing millions …
Financial Times:
‘Rogue broker’ blamed for oil spike — The startling spike in oil prices to their highest level this year on Tuesday was caused by a rogue broker who placed a massive bet in the Brent oil market, triggering almost $10m (€7m) of losses for his company. — PVM Oil Associates …
Jeffrey M. Jones / Gallup:
Obama Honeymoon Continues; 7 Months Is Recent Average — Earlier honeymoons lasted an average of 26 months — PRINCETON, NJ — Presidents typically enjoy positive approval ratings during the early stages of their presidencies, commonly known as the “honeymoon” period.
Chris Cillizza / The Fix:
Kristol vs Schmidt, Round 2 — The war of words between conservative columnist Bill Kristol and Steve Schmidt, former campaign manager for John McCain's 2008 presidential bid, has ensnared another senior adviser, Mark Salter, who has come to Schmidt's defense after a recent appearance by Kristol on “Fox & Friends”.
Nick Gillespie / Reason:
You Know The Real Reason Why Time Mag Is Going Down the Drain? The Content! — For all the tears that get shed over the beginning of the middle of the end for Mr. Luce's mag and newsweeklies in general, one obvious explanation generally gets glossed over: They are mostly written …
Discussion:
Fausta's Blog
Catherine Clifford / CNNMoney.com:
Seven banks fail, pushing 2009 tally to 52 — Regulators close six Illinois banks and one Texas bank, setting the FDIC back a total of $314.3 million. — NEW YORK (CNNMoney.com) — Seven banks were shut down by authorities Thursday, pushing the tally of failed banks for 2009 to 52, more than doubling the failures in 2008.
Stephanie Simon / Wall Street Journal:
Christian Left Mounts Political Campaigns — Randy Brinson, a conservative political consultant in Alabama, has been fielding anxious calls for weeks from business interests across the South. — Their concern is massive ad blitz on Christian and country-music stations across 10 states.
CNBC.com:
NY City Apartment Sales Down More Than 50% — Manhattan apartment sales plunged more than 50 percent and the average price dropped 21.4 to 24 percent from a year ago, as the U.S. recession forced many who own a piece of the Big Apple to eat humble pie, several reports said.
David Brooks / New York Times:
Chinese Fireworks Display — On July Fourth, we think about our country and its future. But these days it's impossible to think about America and its future role in the world without also thinking about China. This was the subject of a combative discussion this week at the Aspen Ideas Festival.
Jonah Goldberg / National Review:
A Letter to Sarah — You're blowing it. — We haven't met, but you might remember I was one of the first columnists to tout you for John McCain's running mate. I cheered you mightily when Senator McCain selected you, and I still believe that you were the smartest choice he could have made given the obstacles before him.
Paul Krugman:
Smells like deflation — The grim jobs number wasn't the only scary thing in today's BLS report. Here's the rate of wage change over the past three months, expressed as an annual rate: Bear in mind that inflation usually runs below the rate of wage change, thanks to productivity growth.
Discussion:
Don Surber
Charles Krauthammer / Washington Post:
Ricci Decision Moves Toward Equal Protection — The Supreme Court's ruling in Ricci v. DeStefano — that white firefighters suffered illegal discrimination when a promotional test on which they did well was thrown out because not enough blacks did well — will have no effect on Sonia Sotomayor's nomination to the Supreme Court.
John / Power Line:
Administration, Lobbyist, Journalist: Who Can Tell the Difference? — The news cycle these days is like time-lapse photography. Stories are born, flower and pass out of sight again in a matter of hours. For that matter, the Washington Post's “Salon” program didn't last much longer than that.
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Frederik Pleitgen / CNN:
Survivor still haunted by 1971 air crash — MUNICH, Germany (CNN) — Juliane Koepcke is not someone you'd expect to attract attention. Plainly dressed and wearing prescription glasses, Koepcke sits behind her desk at the Zoological Center in Munich, Germany, where she's a librarian.
Kathleen Hunter / Top Stories from CQ:
Majority Leader Shines in the Shadows — You have to squint most days to actually see Harry Reid doing the work he likes best. Other majority leaders have relished the spotlight — working to shape the party agenda from a television studio or a desk in the front row on the Senate floor …
BBC:
‘Iran trial’ for UK embassy staff — Some UK embassy staff detained in Tehran and accused of inciting protests after disputed elections will face trial, a top Iranian cleric says. — Guardians Council chief Ahmad Jannati said: “Naturally they will be put on trial, they have made confessions.”
Discussion:
Truthdig
Peter Berkowitz / Weekly Standard:
Bibi's Choice — Israel approaches a moment of decision on Iran's nuclear threat. — Don't be misled by how little was said about Iran in the major speeches recently delivered by President Barack Obama at Cairo University and Israeli prime minister Benjamin Netanyahu at Bar-Ilan University.
Matt Taibbi / Rolling Stone:
The Great American Bubble Machine — Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression — In Rolling Stone Issue 1082-83, Matt Taibbi takes on “the Wall Street Bubble Mafia” — investment bank Goldman Sachs.
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