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1:20 AM ET, May 7, 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:
Tories likely to be largest party  —  The Conservatives are on course to be the largest party in a hung parliament, after more than 400 election results.  —  Tory leader David Cameron said it was “clear that the Labour government has lost its mandate to govern”.
RELATED:
Andrew Sparrow / Guardian:
General election 2010: results - live!  —  • Exit poll shows Con 305, Lab 255, LD 61  —  • Swing from Labour to Tories so far: 5.2%  —  • Cameron says Labour has lost mandate to govern  —  • Former home secretary Charles Clarke loses seat  —  • Hundreds of people prevented from voting
FiveThirtyEight:
Liveblog: UK Election Returns  —  5:20 [Renard] Best the Lib Dems could ask for is legitimacy at this point — something only the Tories would be able to do.  Embarrassing losses in Edinburgh South, Oxford East, Devon Central, etc have shown they are not ready yet to be a national force.
Anthony Wells / UK Polling Report:
About tonight's exit poll
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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Michelle Oddis / Human Events:
BREAKING: Navy SEAL McCabe Found Not Guilty  —  NORFOLK, Va. - Navy SEAL Officer 2nd Class Matthew McCabe was found not guilty Thursday evening on charges of assaulting detained terrorist Ahmed Hashim Abed, dereliction of duty, and impeding an investigation based on a false statement.
Larry O'Dell / Associated Press:
Va. military jury finds Navy SEAL not guilty
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:
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: pa2010.com, The Politico and CNN
RELATED:
Adam Serwer / American Prospect:
They're Calling It the “TEA” Act.
Discussion: Crooks and Liars and Hullabaloo
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.
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 …
RELATED:
Spencer Ackerman / The Washington Independent:
Khadr Was Told a ‘Fictitious Story’ About a Young Afghan Being Raped and Killed
Discussion: Raw Story and Emptywheel
Brady Dennis / Washington Post:
With 2 Republicans, financial overhaul bill moves toward approval  —  The effort to overhaul the nation's financial regulations cleared a significant hurdle Thursday in the Senate, a signal that the landmark legislation, long stalled by filibusters and partisan standoffs, could be moving toward passage.
Discussion: Indecision Forever
RELATED:
The Huffington Post:
Reid Backs Breaking Up Banks, Auditing Fed
Michael O'Brien / The Hill:
Dems come out swinging against GOP consumer protection measure
Discussion: The Politico and CNN
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:
Dina Temple-Raston / NPR:   How Media Coverage Crimped The Times Square Case
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 …
RELATED:
Megan McArdle / The Atlantic Online:
What the Hell Just Happened in the Market?
Discussion: Business Week and New Atlanticist
Nicholas Wade / New York Times:
Signs of Neanderthals Mating With Humans  —  Neanderthals mated with some modern humans after all and left their imprint in the human genome, a team of biologists has reported in the first detailed analysis of the Neanderthal genetic sequence.  —  The biologists, led by Svante Paabo …
Discussion: Guardian
Joe Weisenthal / Silicon Alley Insider:
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 …
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 …
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 …
ABCNEWS:
Sources: Shahzad Had Contact With Awlaki, Taliban Chief, and Mumbai Massacre Mastermind  —  Faisal Shahzad Said To Have Linked Up With Taliban Through Internet, But Already High-Placed Contacts  —  Accused Times Square Bomber Faisal Shahzad linked up with the Pakistani Taliban through the internet …
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.
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.
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.
 
 
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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: The Hill and CNN
Paul / Power Line:
The stealth law professor
Ezra Klein:
Dick Durbin: Let my nominees go!
Discussion: CNN and The Hill
Josh Gerstein / Josh Gerstein's Blog:
Mikulski presses for more NSA web powers
Discussion: Main Justice
 Earlier Items: 
Jim Geraghty / National Review:
Ranking Those 99 House Races By Degree of Difficulty for GOP Challengers
Discussion: Newsbroke
Center for American Progress:
Questioning the Conventional Wisdom on a Middle East Nuclear Arms Race
David Gelernter / Weekly Standard:
See No Evil  —  Daniel Pipes is one of several commentators …
Discussion: National Review
Washington Times:
Ex-CIA lawyer: Gitmo IDs graver than Plame leak
Discussion: Emptywheel
The ChamberPost:
Truth is the First Casualty of Kos
George Kiriyama / NBC Bay Area:
Students Kicked Off Campus for Wearing American Flag Tees
 

 
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Mark Gurman / Bloomberg:
Sources: Apple is working on a smart doorbell system with advanced facial recognition that can wirelessly connect and unlock third-party smart locks

Kyle Wiggers / TechCrunch:
Donald Trump announces that Sriram Krishnan, until recently a general partner at a16z, will serve as senior policy advisor for AI at the White House OSTP

Financial Times:
Sources: Palantir and Anduril are in talks with OpenAI, SpaceX, and more to form a consortium to bid for US defense contracts and plan to announce it in January

 
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