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11:00 PM ET, May 6, 2010

memeorandum

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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 …
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.
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Andrew Sparrow / Guardian:
General election 2010: results - live!  —  • Exit poll shows Con 305, Lab 255, LD 61  —  • Swing from Labour to Tories so far: 4.1%  —  • Lib Dems are doing worse than expected  —  • NI first minister Peter Robinson and Lib Dem Lembit Öpik have lost their seats
FiveThirtyEight:
Liveblog: UK Election Returns  —  3:32 AM.  Assuming a national vote of 37.1/28.5/24.0, there are 59 seats that our model would project differently from a simple uniform swing.  So far, 15 of them have been called: our model is right in 7 cases, uniform swing in 8.  —  3:14 AM.  [Daniel B.].
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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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 …
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Ed Morrissey / Hot Air:
Shocker: Major corporations may dump health insurance, pay penalties instead
CNNMoney.com:
Health care law's massive, hidden tax change
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.
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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.
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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 …
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Megan McArdle / The Atlantic Online:
What the Hell Just Happened in the Market?
Discussion: Business Week and New Atlanticist
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.
Michael O'Brien / The Hill:
Dems come out swinging against GOP consumer protection measure  —  Democrats came out swinging Thursday against a Republican proposal to change consumer protection rules in the new Wall Street reform bill.  —  President Barack Obama and Democrats in Congress loudly criticized an amendment …
Discussion: The Politico and CNN
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Brady Dennis / Washington Post:   With 2 Republicans, financial overhaul bill moves toward approval
Spencer Ackerman / The Washington Independent:
Pentagon Bans Four Journalists From Guantanamo Bay for Reporting Interrogator #1's Name  —  GUANTANAMO BAY — Two weeks' worth of proceedings in the pre-trial hearing of Omar Khadr found an unexpected meta-conclusion this afternoon as the public affairs shop in the Office of the Secretary …
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Spencer Ackerman / The Washington Independent:
Khadr Was Told a ‘Fictitious Story’ About a Young Afghan Being Raped and Killed
Discussion: Raw Story and Emptywheel
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: CNN and The Politico
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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 …
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 …
Joe Weisenthal / Clusterstock:
THE MOST EXCITING MOMENT IN CNBC HISTORY: Jim Cramer Saves The Market  —  If you missed it, here's the instant-classic video of Erin Burnett and Jim Cramer going nuts together as the Dow collapsed and then rebounds  —  Check our more artistic version of the day's events …
Discussion: Newsbroke, Media Decoder and Wonkette
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.
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
John Amato / Crooks and Liars:
Charles Barkley, Kenny Smith and Chris Webber blast Arizona's SB 1070 and their own TNT reporter during “Los Suns” Game  —  Right before game 2 between the Spurs and Suns began, TNT's pregame coverage did a segment on Arizona's misguided SB 1070 law because Steve Nash and the Phoenix Suns have voiced their opposition to it.
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.
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: 
Julius Genachowski / The National Broadband Plan:
IN THIS STATEMENT  —  Many have asked about the FCC's next steps …
Associated Press:
“Cash for Caulkers” Bill Passes House
Discussion: CNN and The Hill
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: 
Washington Times:
Ex-CIA lawyer: Gitmo IDs graver than Plame leak
Discussion: Emptywheel
David Weigel / Right Now:
A people's history of ‘teabag’
Jason Mattera / Human Events:
Exclusive: Rubio Clarifies Critique of Arizona Law
The ChamberPost:
Truth is the First Casualty of Kos
 

 
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”

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

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

 
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