Top Items:
Motoko Rich / New York Times:
Private Growth Is Tepid as U.S. Economy Sheds Jobs Overall — With the American economic recovery hanging in the balance, private employers added 71,000 jobs in July, up from a downwardly revised 31,000 in June but below the consensus forecast of 90,000. The unemployment rate stayed steady at 9.5 percent.
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Wall Street Journal:
U.S. Employers Shed Jobs — Unemployment Rate Held Steady at 9.5% in July — WASHINGTON — The U.S. economy shed more jobs than expected in July while the unemployment rate held steady at 9.5%, a further sign the economic recovery may be losing momentum.
Discussion:
Clusterstock, The Caucus, Real Time Economics, CNBC, Don Surber and Moe Lane
Megan McArdle / The Atlantic Online:
Jobs Report Terrible, Again — The economy lost 131,000 jobs in July, all of them in the government. Private payrolls added north of 70,000 workers—anemic in the face of our current unemployment rate, but hey, at least it's something. But government jobs fell by 200,000, mostly …
Discussion:
The Daily Dish and Weekly Standard
Christina Romer / White House.gov Blog Feed:
The Employment Situation in July
Discussion:
Los Angeles Times, CNN and The Swamp
Michelle Malkin:
Unemployment at 9.5%; another Obama econ adviser bails; Mrs. Obama hits the beach
Discussion:
Gateway Pundit, USA Today, Clusterstock, Scared Monkeys and Associated Press
Lucia Mutikani / Reuters:
Weak private hiring shows recovery on the ropes
Discussion:
msnbc.com, New York Magazine and AmSpecBlog
Lori Montgomery / Washington Post:
Christina Romer, chair of Obama's Council of Economic Advisers, to resign — Christina Romer, chair of the White House Council of Economic Advisers, has resigned her post to return to her old job as an economics professor at the University of California at Berkeley, the White House said Thursday.
Discussion:
The Atlantic Online, Ezra Klein, The New Republic, Marathon Pundit and Greg Mankiw's Blog
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Kirk Victor / Hotline On Call:
Romer To Leave White House — Christina Romer, chairwoman of Pres. Obama's Council of Economic Advisers, has decided to resign, according to a source familiar with her plans. — Romer, an economics professor at the University of California (Berkeley) before taking the key admin post, did not respond to repeated calls to her office.
Discussion:
Crooks and Liars, Think Progress, Swampland, TalkLeft, Hit & Run, Economist's View, Taylor Marsh, Townhall.com, Daily Kos, AMERICAblog News, The Caucus, The Politico, Outside the Beltway, Firedoglake, Politics Daily, Scared Monkeys, The Confluence, The Swamp, The Note, New York Magazine, Riehl World View, GayPatriot, Philly.com, Truthdig and HotAirPundit
Myglesias / Matthew Yglesias:
Diamond in the Rough
Discussion:
Don Surber, Wonk Room, Brendan Nyhan and NewsReal Blog
Bloomberg:
Obama Fed Board Pick Diamond Gets Referred Back to White House by Senate
Discussion:
Firedoglake and Reuters
CNN:
Republicans slam White House over new jobs report
Discussion:
The Politico, The Other McCain and Ballot Box
Jackie Calmes / New York Times:
Top Obama Adviser on Economics to Step Down
Discussion:
Free exchange and National Review
Paul Krugman / New York Times:
The Flimflam Man — One depressing aspect of American politics is the susceptibility of the political and media establishment to charlatans. You might have thought, given past experience, that D.C. insiders would be on their guard against conservatives with grandiose plans.
James Taranto / Wall Street Journal:
Scalia Was Right — Why the same-sex marriage ruling will stand. — For the first time, a federal judge has held that the Constitution mandates the legal redefinition of marriage. The California Supreme Court had reached a similar conclusion in 2008, and voters responded by amending …
Discussion:
Lawyers, Guns & Money, American Spectator, Betsy's Page, The BLT, neo-neocon, Althouse, Lean Left, RedState, Sadly, No!, ACS Blog, PostPartisan and The Huffington Post
RELATED:
Myglesias / Matthew Yglesias:
Private Sector Adding Jobs, State Budget Crises Killing Economy — The new unemployment report highlights the fact that the economy remains lousy and John Boehner is going to be the next Speaker of the House of Representatives. Ironically, it also demonstrates the bankruptcy of Boehner's way of thinking.
Discussion:
Washington Monthly, Guardian and Ezra Klein
RELATED:
Ezra Klein:
Jobs report: Public sector loses 202,000 jobs; private sector gains 71,000 — The July jobs report is bad news for jobs, but tepidly good news for recovery. Another 143,000 census positions expired, contributing to a total public sector job loss of more than 200,000 jobs.
Discussion:
gopleader.gov and Eschaton
Gretchen Morgenson / New York Times:
Exotic Deals Put Denver Schools Deeper in Debt — In the spring of 2008, the Denver public school system needed to plug a $400 million hole in its pension fund. Bankers at JPMorgan Chase offered what seemed to be a perfect solution. — The bankers said that the school system …
Steve Benen / Washington Monthly:
IGNORING AN ALARM.... In light of the latest discouraging jobs report — the third consecutive month in which the job totals were disappointing — there's an obvious course ahead. Heidi Shierholz, an economist from the Economic Policy Institute, said, “The economic case for more government action …
Discussion:
Eschaton
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Manu Raju / The Politico:
McConnell to Franken: This isn't ‘SNL’ — When Senate Minority Leader Mitch McConnell laid out his opposition to Elena Kagan's Supreme Court nomination, someone in the chamber appeared to be moving around in his chair, gasping and rolling his eyes. — It was Sen. Al Franken.
Discussion:
Outside the Beltway, Hot Air, Doug Ross, The Note, Michelle Malkin, New York Magazine, Don Surber and USA Today
RELATED:
Kenzaburo Oe / New York Times:
Hiroshima and the Art of Outrage — THE Futenma Marine Corps Air Station on Okinawa, one of the largest United States military bases in East Asia, is in the center of a crowded city. The American and Japanese governments acknowledge the dangers of this situation, and they agreed nearly 15 years ago …
Discussion:
Questions and Observations and American Power
RELATED:
Oleoleolson / AlterNet Blogs:
Massive Censorship Of Digg Uncovered — A group of influential conservative members of the behemoth social media site Digg.com have just been caught red-handed in a widespread campaign of censorship, having multiple accounts, upvote padding, and deliberately trying to ban progressives.
Brookings Institute:
2010 Arab Public Opinion Poll: Results of Arab Opinion Survey Conducted June 29-July 20, 2010 — Shibley Telhami, Nonresident Senior Fellow, Foreign Policy, Saban Center for Middle East Policy — On Thursday, August 5, Shibley Telhami, Anwar Sadat Professor for Peace and Development …
Walter Alarkon / The Hill:
Old Washington hands break with GOP leaders on Bush-era tax cuts — A number of old Republican hands warning of a deficit crisis have split with the GOP leadership over extending the George W. Bush-era tax cuts. — Sen. George Voinovich (R-Ohio), President Reagan's budget chief David Stockman …
Discussion:
The Politico and ourfuture.org/blogs_chrono/*
Brooks / SPORTSbyBROOKS:
NBC Takes Olbermann Off Sunday NFL Broadcasts — Multiple media and network television sources confirmed to me Thursday that Keith Olbermann will not appear on NBC's Football Night In America Sunday evening NFL broadcasts this season. — Some members of the FNIA cast and crew were made aware …
Discussion:
Hot Air, JammieWearingFool and NewsBusters.org
Wayne Besen / Truth Wins Out:
Bulletin: Porno Pete's ‘Truth Academy’ a Poorly Attended Dud — Earlier today, Peter LaBarbera opened his Truth Academy confernece, a three day gay bashing extravaganza in a Chicago exurb. Despite weeks of flogging the event and several stories in right wing media, our spies tell us that the event was a major dud.
Discussion:
Joe. My. God.
Keach Hagey / The Politico:
The RNC's least favorite reporter — One Times scribe has made the infighting within the Republican National Committee his beat. Reuters — The Republican National Committee, embroiled in an internal squabble over the leadership of chairman Michael Steele, is leaking like a sieve.
Nelson D. Schwartz / New York Times:
2 Top Economists Differ Sharply on Risk of Deflation — When the latest unemployment figures are announced on Friday, all of Wall Street will be watching. But for Richard Berner of Morgan Stanley and Jan Hatzius of Goldman Sachs, the results will be more than just another marker in an avalanche of data.
Discussion:
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