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9:45 AM ET, July 18, 2011

memeorandum

 Top Items: 
David Rogers / The Politico:
GOP turns hard right on debt  —  Turning right with a vengeance, Republicans will bring to the House floor Tuesday a newly revised debt-ceiling bill that is remarkable for its total absence of compromise at this late date, two weeks before the threat of default.
RELATED:
Zachary A. Goldfarb / Washington Post:
Congress tees up crucial votes on debt limit  —  A bipartisan effort in the Senate to allow President Obama to raise the federal debt ceiling in exchange for about $1.5 trillion in spending cuts over 10 years gained momentum Sunday, as leaders agreed they would have to act in the next two weeks …
Erik Wasson / The Hill:
Budget experts raise concerns over McConnell debt-limit fallback plan  —  Liberal and centrist budget experts are joining conservatives in raising red flags about the debt-ceiling plan that is being hashed out by Senate leaders as a last-ditch option for avoiding a national default.
Bloomberg:
Coburn of Oklahoma to Offer $9 Trillion Budget-Cut Plan to Spur Debt Talks
Discussion: Jared Bernstein
Wall Street Journal:   Few Signs of Progress in Debt Talks
Wall Street Journal:
News and Its Critics  —  A tabloid's excesses don't tarnish thousands of other journalists.  —  When News Corp. and CEO Rupert Murdoch secured enough shares to buy Dow Jones & Co. four years ago, these columns welcomed our new owner and promised to stand by the same standards and principles we always had.
RELATED:
David Carr / New York Times:
Troubles That Money Can't Dispel  —  “Bury your mistakes,” Rupert Murdoch is fond of saying.  But some mistakes don't stay buried, no matter how much money you throw at them.  —  Time and again in the United States and elsewhere, Mr. Murdoch's News Corporation has used blunt force spending …
Telegraph:
Jude Law claims he was victim of News of the World phone hacking in US  —  The News of the World allegedly hacked into the mobile phones of Jude Law and his personal assistant while they were in New York, opening the way for News International to be prosecuted in the United States.
RELATED:
Guardian:
Met chief's parting shot at Cameron
Telegraph:
Phone Hacking: John Yates ‘to be suspended’ over Neil Wallis links
CBS News:
Poll: 71% shun GOP handling of debt crisis  —  CBS News Poll analysis by the CBS News Polling Unit: Sarah Dutton, Jennifer De Pinto, Fred Backus and Anthony Salvanto.  —  Americans are unimpressed with their political leaders' handling of the debt ceiling crisis, with a new CBS News poll showing …
Dianeclohesy / Victory Film Group:
ARC Entertainment Announces Strong Opening for “The Undefeated,” with multiple sold-out runs and vocal audience support  —  Approximately $5,000 per screen through Saturday night  —  “What would have taken months and cost millions, ARC did in weeks with virtually no traditional media advertising”
Baird Helgeson / Minneapolis Star Tribune:
Chance for quick budget deal fades  —  Timing of special session is in doubt as GOP legislative leaders try to line up enough votes to end state shutdown.  —  Four days after the announcement of a budget deal, fresh signs emerged Sunday that the agreement is not coming together as first hoped …
Discussion: The Politico and Politics
Paul Krugman / New York Times:
Letting Bankers Walk  —  Ever since the current economic crisis began, it has seemed that five words sum up the central principle of United States financial policy: go easy on the bankers.  —  This principle was on display during the final months of the Bush administration …
Discussion: Prairie Weather
Alexander Bolton / The Hill:
Coburn to unveil $9T deficit-reduction plan  —  Sen. Tom Coburn (R-Okla.) said Sunday the federal government can save $1 trillion though tax reform, a proposal that will put him at odds with some GOP colleagues.  —  Coburn plans to unveil a $9 trillion deficit-reduction package Monday …
Discussion: Hot Air
David Dayen / Firedoglake:
Obama's Last Lecture  —  One of the more constant critiques of this Presidency is that Barack Obama has failed to teach a generation of willing listeners a story about his beliefs and his values, something that will outlast his term in office and provide a blueprint for the future.  This isn't true.
Walter Brandimarte / Reuters:
Moody's suggests U.S. eliminates debt ceiling  —  * Says ceiling brings periodic uncertainty to bond holders  —  * Suggests example of Chile in curbing debt  —  Ratings agency Moody's on Monday suggested the United States should eliminate its statutory limit on government debt to reduce uncertainty among bond holders.
Discussion: The Politico
The Note:
How Much Longer Can Obama Defy Political Gravity?  —  ANALYSIS By AMY WALTER (@amyewalter): Although President Obama's job approval rating of 48 percent (according to Pollster.com average) isn't exactly stellar, it is remarkably high given the level of economic pessimism and despair among American electorate.
Discussion: Ben Smith's Blog and TPMDC
The Columbus Dispatch:
Cordray is Obama's choice to lead Consumer Financial Protection Bureau  —  President Barack Obama will nominate former Ohio Attorney General Richard Cordray to head a powerful new consumer protection agency, White House officials said.  —  At a White House event Monday …
RELATED:
Manu Raju / The Politico:
Cain: Americans should be able to ban mosques  —  Herman Cain says voters across the country should have the right to prevent Muslims from building mosques in their communities.  —  In an exchange on “Fox News Sunday,” the Republican presidential contender said that he sided …
RELATED:
Tanya Somanader / ThinkProgress:
Herman Cain: Americans Have The Right To Ban Mosques
Discussion: Sky Dancing and The Daily Caller
 
 
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 More Items: 
John Hawkins / Right Wing News:
The Slow, Painful Coming Death Of The Independent, Conservative Blogosphere
Byron York / Washington Examiner:
BELTWAY CONFIDENTIAL  —  Author who debunked Obama insurance tale doesn't want to talk
Ben Smith / The Politico:
Gay rights groups target Bachmann
Discussion: The Gateway Pundit
Fred Mann / Wichita Eagle:
Kansas groups push stricter abortion limits
Discussion: ThinkProgress
 Earlier Items: 
Mark Tapscott / Washington Examiner:
Obama generated twice as many campaign contributors as new jobs through second quarter of 2011
Discussion: theblogprof and Weasel Zippers
Nicholas D. Kristof / New York Times:
Our Broken Escalator  —  THE United States supports schools …
Gschwarzcnn / CNN:
TRENDING: Giuliani to GOP: Stay out of gay marriage
Jennifer Rubin / Washington Post:
David Brooks: The scary and sloppy case for rationing
 

 
From Mediagazer:

Devin Coldewey / TechCrunch:
As the NYT Tech Guild goes on strike, Perplexity CEO Aravind Srinivas offers the AI company's services to The NYT to help ensure election coverage is available

Joshua Benton / Nieman Lab:
Around 75% of the largest US newspapers aren't endorsing anyone for president this year, as publishers try not to annoy any sliver of their remaining customers

Alyson Krueger / New York Times:
A profile of Town & Country EIC Stellene Volandes, who is trying to keep the Hearst-owned 178-year-old magazine relevant via social media and its website

 
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