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4:50 PM ET, August 2, 2011

memeorandum

 Top Items: 
Joe Nocera / New York Times:
Tea Party's War on America  —  You know what they say: Never negotiate with terrorists.  It only encourages them.  —  These last few months, much of the country has watched in horror as the Tea Party Republicans have waged jihad on the American people.  Their intransigent demands …
RELATED:
Steven Hayward / Power Line:
Last Look from Across the Pond: Was This Obama's “Read My Lips” Moment?  —  I understand why Tea Partiers and even conservatives who drink decaf might think the debt ceiling deal isn't very good, even allowing for the current strength of forces on the political chess board.
Discussion: The Independent
Byron York / Washington Examiner:
Dems eat Satan sandwich, GOP looks to next course
Discussion: Weasel Zippers
Michael Lind / Salon:
The Tea Party, the debt ceiling, and white Southern extremism
David Rogers / The Politico:
Obama signs debt bill into law  —  Treasury won an immediate reprieve of $400 billion in new borrowing authority Tuesday, as the Senate gave final approval to a hotly contested debt and deficit-reduction agreement hammered out with the White House Sunday night.
Discussion: Truthdig and Bankrupting America
RELATED:
Emily Miller / Washington Times:
Obama's grand slam  —  Republicans fold as U.S. continues on path toward economic disaster  —  President Obama wanted three things from the debt-ceiling fight: trillions in new borrowing authority, status quo on spending and no more drama before his shot at re-election.  He got everything.
The Note:
As Senate Votes, McConnell Declares Tea Party ‘Won,’ Reid says Tea Party ‘Disconcerting’
Brian Beutler / TPMDC:
Pelosi: My Deficit Committee Members Will Oppose All Entitlement Benefit Cuts
Stephen F. Hayes / Weekly Standard:
Fiscal Conservatives Barred from Supercommittee  —  Will Senate Republicans be able to prevent tax hikes?  —  The debt ceiling deal will pass the Senate early this afternoon.  No suspense there.  But the vote will be worth watching for another reason: Three Republican Senate sources tell TWS …
Kristin Fisher / wusa9.com:
Woodpecker-Saving Daughter Costs Mom $500, Possible Jail Time  —  “I've just always loved animals,” said Skylar Capo.  “I couldn't stand to watch it be eaten.”  —  Skylar couldn't find the woodpecker's mother, so she brought it to her own mother, Alison Capo, who agreed to take it home.
Jsimoncnn / CNN:
CNN/ORC Poll: Most Americans dislike debt deal, think lawmakers acted like ‘spoiled children’  —  (CNN) - A majority of Americans disapprove of the deal struck Sunday by President Barack Obama and congressional leaders that will raise the country's legal borrowing limit …
RELATED:
Michael O'Brien / The Hill:   Poll: 77 percent say Obama, Congress acted like ‘spoiled children’ in debt fight
Don Surber:
Saving Matt Damon  —  Many conservatives think of Matt Damon as another stuck-on-himself multi-millionaire liberal in Hollywood who says one thing but lives otherwise.  —  But I think of him as a friend of Ben Affleck, who is married to Jennifer Garner, who grew up in Charleston, West Virginia …
Greg Sargent / Washington Post:
GOP winning the larger argument over government  —  In recent days, the debt ceiling deal — which just passed the Senate and is about to be signed by the President — has sparked a fair amount of handwringing among liberals who worry that the fight shows the left has lost the larger argument …
John S. Irons / epi.org:
What's missing from the debt ceiling debate?  Jobs  —  The unemployment rate, currently above 9 percent, is projected to remain high for a long time.  For example, the current Blue Chip Economic Indicators consensus forecast puts the average unemployment rate for 2012 at 8.3 percent.
RELATED:
Marie Diamond / ThinkProgress:
REPORT: Debt Ceiling Deal Will Cost 1.8 Million Jobs In 2012
CNN:
U.S. representative apologizes for ‘tar baby’ comment  —  Washington (CNN) — A member of Congress has apologized after saying that being associated with President Barack Obama would be similar to touching a “tar baby.”  —  Rep. Doug Lamborn, R-Colorado, sent a letter to Obama …
RELATED:
Be Safe / KKTV-TV:
Rep. Lamborn Apologizes for “Tar Baby” Remark
Discussion: USA Today and The Daily Caller
Cheri Jacobus / Pundits Blog:
Obama, Pelosi et al failed at job creation  —  Former Speaker of the House Nancy Pelosi (D-Calif.) just hopped on television to claim that Republicans have been in charge of Washington for 210 days and still haven't created jobs.  In case there are one or two Americans who still don't understand …
Discussion: The Politico
RELATED:
Spengler / Asia Times:
The collapse of America's middle class  —  People seem to act irrationally when they have nothing to lose.  Often we observe in wars that the losing side expends more blood and treasure after its position becomes hopeless.  —  The American South sustained most of its casualties in the Civil War …
Marisa Guthrie / Hollywood Reporter:
Rachel Maddow Extends MSNBC Contract (Exclusive) … MSNBC has extended Rachel Maddow's contract in a new multi-year deal that will keep the primetime host at the cable news network well beyond the 2012 presidential election.  —  The announcement is expected to come Tuesday at the network's portion …
Nancy A. Youssef / McClatchy Washington Bureau:
Who gains from debt deal?  The Pentagon, for one  —  WASHINGTON — The last-minute deal that Congress is considering to raise the federal debt limit probably will mean trillions of dollars in government spending reductions for most agencies.  But one department stands to gain: the Pentagon.
Russ Buettner / New York Times:
Reaping Millions in Nonprofit Care for Disabled  —  Medicaid money created quite a nice life for the Levy brothers from Flatbush, Brooklyn.  —  The brothers, Philip and Joel, earned close to $1 million a year each as the two top executives running a Medicaid-financed nonprofit organization serving the developmentally disabled.
Discussion: ThinkProgress and Gretawire
Wall Street Journal:
The Obama Downgrade, Alphabetically  —  H is for Hillary, who would have made a better president.  —  Snapshots from President Obama's efforts to improve America's standing in the world, 923 days into his administration:  —  A is for the Arab world, and our standing in it: This year …
Discussion: Betsy's Page
Jeff Poor / The Daily Caller:
Al Gore: ‘Our system of government itself, is in real trouble’  —  On his Monday program, Keith Olbermann offered his Current TV platform to his network's chairman, former Vice President Al Gore.  According to Gore, both sides of the aisle finally hammering out a debt ceiling agreement …
Discussion: Weasel Zippers
Zaid Jilani / ThinkProgress:
Joe Lieberman Says U.S. Should Cut Social Security To Pay For Fighting ‘The Islamist Extremists’  —  This past April, right-wing war hawk John Bolton suggested during an interview on Fox News that the United States should cut Social Security and Medicare to finance the defense budget.
New York Times:
Debt Bill Becomes Law, Averting Default  —  WASHINGTON — President Obama signed into law on Tuesday legislation raising the government's debt ceiling and cutting trillions of dollars in spending, finally ending a fractious partisan battle just hours before the government's borrowing authority was set to run out.
Christian Heinze / GOP 12:
Gingrich slams Obama's “Paul Krugman presidency”  —  Newt Gingrich invokes the liberal economist and New York Times columnist.
Allan Chernoff / CNNMoney.com:
Debt ceiling cost to taxpayers: $1.7 billion  —  NEW YORK (CNNMoney) — The debt ceiling debacle has just cost U.S. taxpayers more than $1.7 billion.  —  That's the amount of additional interest the government had to pay investors Monday to sell Treasury bills that finance its operations.
Rolling Stone:
Debt Ceiling Deal: The Democrats Take a Dive  —  So the debt deal has finally been reached.  As expected, the agreement arrives in a form that right-thinking people everywhere can feel terrible about with great confidence.  —  The general consensus is that for the second time in three years …
Matthew Yglesias / ThinkProgress:
Will Interest Groups Ride To The Rescue?  —  Back in 2008, my understanding of the thinking around health reform was that health insurers would so fear the prospect of liberals imposing a public option that they would induce Republicans to come to the table and strike a bargain to remove it.
Christine Hauser / New York Times:
Stocks Slump More Than 2% Despite Debt Vote  —  A Senate vote to pass the debt ceiling plan on Tuesday may have averted the potential for the United States to default on its obligations, but it failed to lift investors' spirits.  The Dow Jones industrial average slumped 266 points by the close of trading …
Peter Schroeder / The Hill:
Fitch warns US would endanger AAA rating with even ‘technical’ default  —  The United States would endanger its coveted AAA credit rating if Congress allows even a short-term “technical default” to occur, according to the Fitch credit rating agency.  —  Fitch said Wednesday it would put …
Discussion: ThinkProgress and Reuters
Michael O'Brien / The Hill:
Huntsman: GOP foes showed ‘little leadership’ in debt fight  —  Former Utah Gov. Jon Huntsman (R) criticized his opponents for the Republican presidential nomination on Tuesday for showing “very little leadership” in the debt-ceiling fight.  —  Huntsman, in a thinly-veiled barb directed …
Discussion: Orlando Sentinel
Thomas Lifson / americanthinker.com:
We The Stupid  —  I stand here in abject stupefaction.  The so-called “right” or “Tea Party” in this republic is being so thoroughly rolled and defeated that I am struggling to come up with an adequate violent submission metaphor that does not involve prison rape . . . and they honesty think that they're “winning.”
Yaroslav Trofimov / Wall Street Journal:
Egyptians Turn Against Liberal Protesters  —  CAIRO—Mobs of ordinary Egyptians joined with soldiers to drive pro-democracy protesters from their encampment in Tahrir Square here Monday, showing how far the uprising's early heroes have fallen in the eyes of the public.
 
 
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 More Items: 
Peggy Fikac / Houston Chronicle:
Lobbyist forms two vets' groups to push Perry candidacy
Philip Rucker / Washington Post:
Mitt Romney to pick up pace in new phase of 2012 campaign
David Streitfeld / Bits:
Pentagon Seeks a Few Good Social Networkers
Rasmussen Reports:
Three-Way Race: Romney 34%, Bachmann 27%, Perry 26%
Discussion: Salon, GOP 12 and Washington Wire
Edward Glaeser / Bloomberg:
Balanced Budget Suddenly Looks More Appealing: Edward Glaeser
Wall Street Journal:
Boehner Repeals Murphy's Law
The Note:
The Note: The Making Of A ‘Satan Sandwich’
 Earlier Items: 
Boston Herald:
TSA to put Hub fliers on the spot
Discussion: Hit & Run and LewRockwell.com Blog
Associated Press:
Fears of far-right rise in crisis-hit Greece
Discussion: Paul Krugman and Free exchange
Frank Rich / New York Magazine:
Murdoch Hacked Us Too
Discussion: Crooks and Liars and Balloon Juice
Joe Weisenthal / Politics:
Bill Gross: This Deal Does Nothing, And We Still Have An “Unfathomable” $66 Trillion In Liabilities To Deal With
Discussion: Sense of Events
Reason:
Obama's Top Four Power Grabs
Discussion: Hit & Run
Mike Allen / The Politico:
DEMS PLAN PIVOT TO JOBS: Transportation, infrastructure, tax breaks on fall agenda …
Discussion: Arizona Republic and Politics
Kate Nocera / The Politico:
Judge: Reform doesn't fund abortion
Discussion: Outside the Beltway and Jezebel
 

 
From Mediagazer:

Daniel Thomas / Financial Times:
Trade body data: copyrighted music revenue was $45.5B in 2023, above cinema box office spending of $33.2B in 2023 and $41.9B in 2019; record labels made $28.5B

Lucas Shaw / Bloomberg:
The music industry is entering a cycle of consolidation, driven by a slowdown at the major labels, the growing market for independents, and the rapacity of PE

Financial Times:
Similarweb: Bluesky's US and UK app usage grew ~300% to 3.5M DAUs after November 5; Threads has 1.5x Bluesky's DAUs in the US, down from 5x before November 5

 
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