Top Items:
Paul Krugman / New York Times:
The Wrong Worries — In case you had any doubts, Thursday's more than 500-point plunge in the Dow Jones industrial average and the drop in interest rates to near-record lows confirmed it: The economy isn't recovering, and Washington has been worrying about the wrong things.
Discussion:
The New Republic, Northern Reflections and Daily Kos
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Floyd Norris / New York Times:
Time to Say It: Double Dip Recession May Be Happening — Double dip may be back. — It has been three decades since the United States suffered a recession that followed on the heels of the previous one. But it could be happening again. The unrelenting negative economic news of the past …
Discussion:
The Politico, TalkLeft, Felix Salmon, Mother Jones, msnbc.com and The POH Diaries
New York Times:
Wall Street Rally Quickly Fizzles — Stocks opened higher on Wall Street on Friday after a stronger-than-expected labor report for July, but quickly gave up their gains as analysts warned of continuing pessimism about weak growth in the United States and worries about debt levels in the euro area.
Discussion:
New York Magazine, naked capitalism and Prairie Weather
Bob Willis / Bloomberg:
U.S. Payrolls Rose in July; Jobless Rate at 9.1% — Employers added more jobs than forecast in July, the jobless rate fell and wages climbed, easing concern the U.S. economy is grinding to a halt. Stock futures rallied and Treasuries fell. — Payrolls rose by 117,000 workers …
Discussion:
Hot Air, Buttonwood's notebook, Daily Kos, Pajamas Media and Gothamist
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Calculated Risk:
July Employment Report: 117,000 Jobs, 9.1% Unemployment Rate — From MarketWatch: U.S. economy gained 117,000 jobs in July … Click on graph for larger image in graph gallery. — This graph shows the unemployment rate. — The unemployment rate decreased to 9.1%.
Discussion:
The Maddow Blog
Christopher S. Rugaber / Associated Press:
Unemployment rate dips, economy adds 117K jobs
Discussion:
The Hill, GOP 12 and The Heritage Foundation
Lucia Mutikani / Reuters:
July payrolls rise soothes recession fears
Discussion:
MacroScope, BizzyBlog and americanthinker.com
Wall Street Journal:
Behind a GOP Contender's Iowa Surge — MARION, Iowa—To understand why presidential candidate Michele Bachmann has surged in Iowa, watch when she is handed a baby. On a recent stop here, she took off her bracelet, dangled it before the infant and cradled him while he teethed on the pearls.
Discussion:
unionleader.com and msnbc.com
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Michael O'Brien / The Hill:
Pawlenty's campaign betting turnaround begins at Ames
Discussion:
ABCNEWS and Outside the Beltway
Lynn Sweet:
Obama's 50th Birthday bash: Stevie Wonder, Chris Rock, Tom Hanks, Whoopi Goldberg, Herbie Hancock, Jay Z — li> (Screen grab of Chris Rock's Twitter feed) — WASHINGTON—President Obama celebrated his 50th birthday Thursday night with a celebrity-filled bash, as entertainer Chris Rock reported …
Discussion:
Weasel Zippers and Pundit & Pundette
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Jennifer Epstein / The Politico:
Inside Obama's 50th-birthday party — Rapper Jay-Z, actor Tom Hanks and Secretary of State Hillary Clinton were among those who joined President Barack Obama's longtime friends to celebrate his 50th birthday with a barbecue bash at the White House. — After sending the White House press corps home early …
Discussion:
Obama Foodorama and The Note
Joy Pullman / Washington Examiner:
Teachers union disavows internal memo endorsing deception of parents — American Federation of Teachers officials have disavowed an internal report after it was posted on the union's website following its annual conference, embedded on each of its 19 pages with the union's logo and signed by a union official.
Local News:
Click on the video link to see raw video of police and sheriff's deputies investigating the scene. — Did you witness the attacks outside State Fair, or were you attacked? Were you hurt? E-mail us your story! — WEST ALLIS - Witnesses tell Newsradio 620 WTMJ and TODAY'S TMJ4 of a mob …
Discussion:
The Gateway Pundit and Politics
New York Times:
Disapproval Rate for Congress at Record 82% After Debt Talks — The debate over raising the debt ceiling, which brought the nation to the brink of default, has sent disapproval of Congress to its highest level on record and left most Americans saying that creating jobs should now take priority …
Shushannah Walshe / ABCNEWS:
$30 Million Pouring In to Influence Wisconsin Recall Elections — A voter in Glendale, Wis., casts a ballot in a Democratic primary on Thursday, July 12, 2011, as part of recall efforts against Republican state Sen. Alberta Darling. Darling is one of six Republican state senators being targeted …
Discussion:
USA Today and Outside the Beltway
Thereisnospoon / Hullabaloo:
The Desert of the Surreal by David Atkins — The Desert of the Surreal — Conspiracy theorists like to believe that the world is governed by incredibly smart, masterfully competent manipulators who pull all the strings for their own benefit and watch the world dance to their tune.
Discussion:
Crooks and Liars, Wall Street Journal and Bloomberg
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Ronald Brownstein / NationalJournal.com:
Towering Wave of Alienation Threatens Both GOP, Dems in 2012 — In the shadow of the bitterly fought agreement to raise the federal debt ceiling, the independent voters who usually hold the balance of power in American politics are expressing astronomical levels of discontent with President Obama …
Henry Blodget / Politics:
Here's The Problem With This Market Crash... Well, it's deja vu all over again. — For anyone who followed the market crashes of 2000-2002 and 2007-2009—especially the crash of 2007-2009—the 512-point drop in the Dow feels awfully familiar. — And as those market crashes reminded us …
Claire Courchane / Washington Times:
Neb. mine find to challenge China's dominance of vital rare minerals — Elements coveted for high-tech uses — Elk Creek, Neb. (population 112), may not be so tiny much longer. Reports suggest that the southeastern Nebraska hamlet may be sitting on the world's largest untapped deposit of …
Discussion:
RedState and Samizdata.net
Virginia Postrel / Bloomberg:
About Virginia Postrel — Virginia Postrel writes about commerce and culture, innovation, economics and public policy. Shes the author of “The Future and Its Enemies” and “The Substance of Style,” and is writing a book on glamour. — Postrel: Obama Glamour Can't Fix Charisma Deficit
Discussion:
Hit & Run
Keith Laing / The Hill:
Reid announces deal to end FAA furloughs — The Senate will pass the House's bill to fund the Federal Aviation Administration through September to end the week-and-a-half-long partial shutdown of the agency, Senate Majority Leader Harry Reid (D-Nev.) announced Thursday.
Discussion:
ABCNEWS, Mother Jones, Washington Monthly, Washington Post, Crooks and Liars and CNN
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Alicia M. Cohn / The Hill:
GOP wants transparent ‘supercommittee’
Discussion:
p m carpenter's commentary and americanthinker.com
RealClearPolitics Video Log:
John Kerry: Media Has “Responsibility” To “Not Give Equal Time” To Tea Party — Sen. John Kerry (D-MA) told MSNBC's “Morning Joe” on Friday that the media has the responsibility to not give equal time or credence to the Tea Party's views: SEN. JOHN KERRY: “And I have to tell you, I say this to you politely.
Discussion:
Michelle Malkin, Weasel Zippers, The Right Scoop, Hotline On Call and nation.foxnews.com
Benjy Sarlin / TPMDC:
Rick Perry Recommits To Religious Right At Saturday Prayer-Fest — The wait is over! Rick Perry will host his much-buzzed about Christian prayer-fest “The Response” in Houston on Saturday, where participants will ask for divine help to overcome America's myriad problems.
Discussion:
Talking Points Memo, Shakesville, Washington Post, Towleroad News #gay, Booman Tribune, Swampland, Wonkette and Washington Monthly
Jonathan Chait / The New Republic:
What Caused The Deficit? A Reply To Megan McArdle — One of the most effective Republican themes of the last two years has been blaming President Obama for the explosive growth in the budget deficit since 2009. The accusation that “Obama's spending binge” has blown up the deficit …
Discussion:
The Mahablog, Balloon Juice, Mother Jones, The Impolitic, TBogg and The Daily Dish
Jeffrey Goldberg / The Atlantic Online:
Tzipi Livni Praises Obama for Pressuring Netanyahu, Suggests U.S. Should Keep Up the Heat — An interview with the leader of Israel's largest opposition party — Tzipi Livni, the leader of Israel's Kadima Party, the largest opposition party in the Knesset — and the largest party in the entire Knesset …
Discussion:
Ben Smith's Blog
Mitchel Maddux / New York Post:
‘Rent is Too Damn High’ candidate facing eviction from rent-controlled apartment — The man who ran for governor because the “Rent is Too Damn High” claims he's being kicked out of his Manhattan apartment — because the rent is too damn low! — Jimmy McMillan says he pays $872.96 …
Discussion:
Colorlines, New York Magazine, Runnin' Scared and Gawker
The Huffington Post:
New York Attorney General Accuses Bank Of New York Mellon Of Fraud, Moves To Block Bank Of America's Mortgage Deal … Bank Of America , Foreclosures , Bank Of New York Mellon , Countrywide Financial , Eric Schneiderman , New York Attorney General , Mortgage-Backed Securities , Business News
Discussion:
Washington Post and Firedoglake
Tierney Smith / CNSNews:
House Panel Approves Resolution Calling on Turkey to Return Confiscated Christian Churches — (CNSNews.com) - The House Foreign Affairs Committee recently voted 43 to one in support of a resolution that calls upon the Republic of Turkey “to safeguard its Christian heritage …
Discussion:
Weasel Zippers and Jihad Watch
CNNMoney.com:
July jobs report: Hiring picks up — NEW YORK (CNNMoney) — The job market strengthened in July, a welcome piece of good news that sharply contrasted other recent readings pointing toward an economic slowdown. — Employers added 117,000 jobs last month, well above the 46,000 jobs added in June …
Discussion:
The Moderate Voice, Fortune, Outside the Beltway and ColoradoPols.com
Matt McGrath / BBC:
Arctic ‘tipping point’ may not be reached — The team said they had found an indirect method to give a picture of the ice cover dating back 11,000 years — Scientists say current concerns over a tipping point in the disappearance of Arctic sea ice may be misplaced.
Discussion:
Hit & Run, The Gateway Pundit, Biased BBC and Pajamas Media
Ambrose Evans-Pritchard / Telegraph:
The ECB throws Italy and Spain to the wolves — The European Central Bank has abandoned Italy and Spain to their tortured fate. — Jean-Claude Trichet, the ECB's president, said the bank had purchased eurozone bonds for the first time since March.
Discussion:
Decide America and Guardian
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