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9:40 PM ET, May 6, 2010

memeorandum

 Top Items: 
CNBC:
Stock Selloff May Have Been Triggered by a Trader Error  —  In one of the most dizzying half-hours in stock market history, the Dow plunged nearly 1,000 points before paring those losses—all apparently due to a trader error.  —  According to multiple sources, a trader entered a “b” …
RELATED:
Wall Street Journal:
Dow Takes Harrowing 1,010.14-Point Trip  —  Biggest Point Fall, Before a Snapback; A Data Jumble  —  Traders work on the floor of the New York Stock Exchange May 6.  —  A bad day in the financial markets was made worse by an apparent trading glitch, leaving traders and investors nervous …
Jeff Cox / CNBC:
Greek Debt Crisis On Verge Of ‘Going Global’: Pimco's El-Erian  —  Problems with Greek debt are about to spread to other countries and could infect the US unless the nation tackles its own mounting problems, Pimco's Mohamed El-Erian told CNBC.  —  About an hour or so after El-Erian spoke …
Christine Hauser / New York Times:
Markets Plunge, Then Stage a Rebound  —  For a short time Thursday afternoon, Wall Street returned to the tumultuous days of 2008.  —  In a moment of uncontrolled selling, major indexes fell nearly 9 percent.  The Dow Jones industrial average tumbled more than 550 points in about five minutes, falling almost 1,000 points on the day.
Megan McArdle / The Atlantic Online:
What the Hell Just Happened in the Market?
Discussion: Business Week and New Atlanticist
BBC:
Conservatives head for big gains  —  Early general election results suggest the Conservatives are on course to be the largest party in a hung parliament.  —  The Tories are hopeful of gaining enough seats to govern, although they may fall just short of a majority.
RELATED:
Andrew Sparrow / Guardian:
General election 2010: results - live!  —  • Exit poll shows Con 305, Lab 255, LD 61  —  • Northern Ireland first minister Peter Robinson has lost his seat  —  • Tories say Brown will have no right to form government if exit poll accurate  —  • Labour making coalition overtures to Lib Dems
FiveThirtyEight:
Liveblog: UK Election Returns  —  2:17 AM.  Hard to find many patterns here, to be honest, other than that LibDems are having a very disappointing night.  —  2:11 AM.  Intrade chances of Conservative majority down to 37.3.  Clearly Labour are getting some better results here than they were early …
Sarah Palin / Facebook:
Let's shake it up in California!  —  I'd like to tell you about a Commonsense Conservative running for office in California this year.  She grew up in a modest home with a school teacher dad, worked her way through several colleges, and then entered an arena where few women had tread.
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George Kiriyama / NBC Bay Area:
Students Kicked Off Campus for Wearing American Flag Tees  —  Freedom of expression or cultural disrespect on Cinco de Mayo?  —  TWITTER  —  On any other day at Live Oak High School in Morgan Hill, Daniel Galli and his four friends would not even be noticed for wearing T-shirts with the American flag.
RELATED:
Lindsay Bryant / The Gilroy Dispatch:
Five Morgan Hill students sent home for wearing American flag T-shirts
Shawn Tully / Fortune:
Documents reveal AT&T, Verizon, others, thought about dropping employer-sponsored benefits  —  (Fortune) — The great mystery surrounding the historic health care bill is how the corporations that provide coverage for most Americans — coverage they know and prize — will react …
RELATED:
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Larry O'Dell / Associated Press:
Va. military jury finds Navy SEAL not guilty  —  NORFOLK, Va. — A military jury in Virginia found a Navy SEAL not guilty Thursday on charges of punching a suspected Iraqi terrorist.  —  Jurors deliberated about an hour and 40 minutes before returning their verdict in the court-martial of Petty Officer 2nd Class Matthew McCabe.
Andrew Romano / Newsweek Blogs:
Why the Media Ignored the Nashville Flood  —  As you may have heard, torrential downpours in the southeast flooded the Tennessee capital of Nashville over the weekend, lifting the Cumberland River 13 feet above flood stage, causing an estimated $1 billion in damage, and killing more than 30 people.
RELATED:
Ezra Klein:
Dick Durbin: Let my nominees go!  —  The Senate confirmation process has bogged down.  Sometimes, the delay is public, as when Richard Shelby placed a hold on all nominees.  Sometimes, the delay is opaque, as in the case of secret holds.  But the outcome has been a dysfunctional process …
Discussion: CNN and The Hill
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Michael O'Brien / The Hill:
Dems come out swinging against GOP consumer protection measure
Discussion: The Politico and CNN
Brady Dennis / Washington Post:   Senate Democrats block GOP measure to limit financial reform
Miami New / Riptide 2.0:
George Rekers Is a Homosexual, Escort Says  —  Rekers allegedly named his favorite maneuver the “long stroke” — a complicated caress “across his penis, thigh... and his anus over the butt cheeks,” as the escort puts it.  “Rekers liked to be rubbed down there,” he says.
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Russell Berman / The Hill:
Pelosi: ‘Be very careful’ about Lieberman, Brown terror citizen bill  —  House Speaker Nancy Pelosi said she likes the “spirit” of a proposal to strip the citizenship of Americans who join terrorist groups but stopped short of backing the measure.  —  The bill introduced Thursday by Sens. Joseph Lieberman …
Discussion: The Politico and CNN
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Alex Isenstadt / The Politico:
DCCC to ‘re-evaluate’ Hawaii special  —  The Democratic Congressional Campaign Committee is re-evaluating whether to continue to spend money in this month's Hawaii special election, Chairman Chris Van Hollen told POLITICO Thursday.  —  With former Democratic Rep. Ed Case …
Beth Reinhard / MiamiHerald.com:
Poll: Charlie Crist holds lead in U.S. Senate race — for now  —  Gov. Charlie Crist holds an early lead as an independent candidate in the U.S. Senate race, but his edge is a “proverbial house of cards,” according to a new poll, because support from Democratic and black voters is unlikely to hold up through the Nov. 2 election.
The ChamberPost:
Truth is the First Casualty of Kos  —  Last Friday Markos Moulitsas, the Kos in DailyKos, put up a fundraising post titled “AR-Sen: Hell to Pay: Chamber-backed group runs racist ad against Bill Halter.”  After displaying the ad the bulk of the post starts with “The group running this ad is funded by the U.S. Chamber of Commerce...”
Discussion: Moe Lane and Ben Smith's Blog
David Catanese / The Politico:
Dem chair: Sestak win ‘cataclysmic’  —  The chairman of the Pennsylvania Democratic Party issued a severe warning to members of his party this week, declaring that nominating Rep. Joe Sestak over Sen. Arlen Specter could have “cataclysmic” consequences for the Senate campaign this fall.
Kevin D. Williamson / The Corner on National …:
Eric Cantor: Not Jewish Enough for Matt Yglesias — By: Kevin D. Williamson  —  I hate even to take notice of this sort of thing, but it is bothersome: … Just as Clarence Thomas and Condoleezza Rice are abominated for the crime of being black and conservative, Miguel Estrada for being Hispanic …
Discussion: Matthew Yglesias and Right Now
The Live Feed | THR:
Comedy Central developing Jesus Christ cartoon  —  Comedy Central might censor every image of the Prophet Muhammad on “South Park,” yet the network is developing a whole animated series around Jesus Christ.  —  As part of the network's upfront presentation to advertisers (full slate here) …
Genaro C. Armas / Associated Press:
Dems fear losing four-decade grip on Pa. seat  —  JOHNSTOWN, Pa. — In what was the late U.S. Rep. John Murtha's western Pennsylvania district — reachable through John Murtha Johnstown-Cambria County Airport or John P. Murtha Highway — Democrats watch nervously, hoping his former top aide can hold on to the House seat.
Paul / Power Line:
The stealth law professor  —  It must always be tempting for presidents to nominate Supreme Court Justices who lack a long record of deciding federal cases.  The fewer judicial opinions rendered, the less there probably will be to shoot at.  —  But law professors tend not to be ideal “stealth nominees.”
 
 
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 More Items: 
John Amato / Crooks and Liars:
Charles Barkley, Kenny Smith and Chris Webber blast Arizona's SB 1070 …
Discussion: Think Progress and Hullabaloo
Joe Weisenthal / Silicon Alley Insider:
THE MOST EXCITING MOMENT IN CNBC HISTORY: Jim Cramer Saves The Market
Associated Press:
“Cash for Caulkers” Bill Passes House
Discussion: CNN and The Hill
PZ Myers / Pharyngula:
Whatever happened to “first, do no harm”?
Jim Geraghty / National Review:
Ranking Those 99 House Races By Degree of Difficulty for GOP Challengers
Discussion: Newsbroke
David Gelernter / Weekly Standard:
See No Evil  —  Daniel Pipes is one of several commentators …
Discussion: National Review
 Earlier Items: 
Spencer Ackerman / The Washington Independent:
Khadr Was Told a ‘Fictitious Story’ About a Young Afghan Being Raped and Killed
Discussion: Emptywheel and Balloon Juice
Washington Times:
Ex-CIA lawyer: Gitmo IDs graver than Plame leak
Discussion: Emptywheel
David Weigel / Right Now:
A people's history of ‘teabag’
 

 
From Mediagazer:

Jessica Toonkel / Wall Street Journal:
A deep dive into Paramount's sale to Skydance; sources: Skydance may integrate Pluto into Paramount+, and CBS head George Cheeks is expected to be head of TV

Bloomberg:
A look at the challenges facing Crunchyroll, as current and ex-staffers say its management is out of touch, amid Disney and Netflix's expansion into anime

Max Tani / @maxwelltani:
Memo: WaPo's Matt Murray lays out plans for WP Ventures, the “third newsroom”; Krissah Thompson will be editor and Samantha Henig will be general manager

 
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