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10:05 PM ET, August 6, 2011

memeorandum

 Top Items: 
Josh Boak / The Politico:
S&P warns of a second downgrade  —  One day after lowering the nation's platinum triple-A credit rating, Standard & Poor's analysts warned Saturday that the U.S. government could face a second downgrade if the economy continues to struggle and the government fails to make the cuts outlined in the debt ceiling agreement.
Discussion: Outside the Beltway
RELATED:
Jamie Klatell / The Hill:
White House: S&P downgrade is why Obama ‘pushed for grand bargain’  —  The White House reacted to the Standard & Poor's downgrade of the U.S. credit rating by calling for more bipartisan compromise to “put our nation on a stronger fiscal footing.”  —  But the administration didn't miss the chance to say, in essence, “I told you so.”
Noel Sheppard / NewsBusters.org blogs:
Former Obama Economic Adviser on Downgrade: We're ‘Pretty Darn F—ked’  —  Christina Romer, the former chair of Obama's Council of Economic Advisers on Friday offered a rather strong opinion concerning the announcement by Standard & Poor's that the credit rating agency downgraded America's debt to AA+.
Pete Kasperowicz / The Hill:
S&P credit rating analysis values spending cuts more than tax revenue  —  Standard & Poor's laments the possibility cuts to entitlement programs won't materialize and the decreasing likelihood of new tax revenues.  —  The decision by Standard & Poor's to downgrade the U.S. credit rating to …
Discussion: Crooks and Liars and PoliticusUSA
Reuters:
China tells U.S. “good old days” of borrowing are over  —  (Reuters) - China bluntly criticized the United States on Saturday one day after the superpower's credit rating was downgraded, saying the “good old days” of borrowing were over.  —  Standard & Poor's cut the U.S. long-term credit rating …
Xinhua News Agency:
After historic downgrade, U.S. must address its chronic debt problems  —  The days when the debt-ridden Uncle Sam could leisurely squander unlimited overseas borrowing appeared to be numbered as its triple A-credit rating was slashed by Standard & Poor's (S&P) for the first time on Friday.
Discussion: BBC, Samizdata.net, Guardian and Shakesville
Edmund L. Andrews / NationalJournal.com:   Why S&P's Downgrade is No Joke  —  The real impact of S&P's downgrade …
Associated Press:
Helicopter Crash in Afghanistan Kills Members of SEAL Team 6  —  WASHINGTON — The Associated Press has learned that more than 20 Navy SEALs from the unit that killed Osama bin Laden were among those lost in a helicopter crash in Afghanistan.  —  The operators from SEAL Team Six were flown …
RELATED:
New York Times:
Copter Downed by Taliban Fire; Elite U.S. Unit Among Dead  —  KABUL, Afghanistan — In the deadliest day for American forces in the nearly decade-long war in Afghanistan, insurgents shot down a Chinook transport helicopter on Saturday, killing 30 Americans, including some Navy Seal commandos …
Kevin Sieff / Washington Post:
22 Navy SEALs among 30 U.S. troops killed in Afghanistan as helicopter is shot down
GetEQUAL.org:
Protesters Travel From Across Texas to Picket Hate-Based Event  —  FOR IMMEDIATE RELEASE  —  Michael Diviesti, GetEQUAL Texas State Lead Organizer, (512) 694-3394, michael@getequaltx.org  —  HOUSTON, TX — On August 6th, Governor Perry spoke at an event inside Reliant Stadium in Houston …
RELATED:
Kasie Hunt / The Politico:
Perry prays for the U.S.  —  HOUSTON — Texas Gov. Rick Perry prayed with more than 20,000 worshipers at an all-day Christian gathering here — and while he talked about God, not the Oval Office, he repeatedly hit on the themes that would drive his potential presidential campaign.
Manny Fernandez / New York Times:
Perry Leads Prayer Rally for ‘Nation in Crisis’  —  HOUSTON — Standing on a stage surrounded by thousands of fellow Christians on Saturday morning, Gov. Rick Perry called on Jesus to bless and guide the nation's military and political leaders and “those who cannot see the light in the midst of all the darkness.”
Michael O'Brien / Ballot Box:
Perry's prayer gathering sets stage for national attention
Discussion: The Politico, CNN and The Note
Kurt Andersen / New York Times:
The Madman Theory  —  I had breakfast this week with one of Hollywood's most ferocious, self-confident and successful doers of deals.  He was still steamed about what an unforgivably lousy negotiator his president had been on the debt ceiling agreement.  —  One particular Obama move he found appalling above all the rest.
Greg Sargent / Washington Post:
Standard and Poors versus Mitch McConnell  —  Putting aside the question of whether we should accord any credibility to Standard and Poors' downgrade, it's hard to see how conservatives can claim S & P's report as a political victory when it says this:
Joe Nocera / New York Times:
The Tea Party, Take Two  —  In the four months since I began writing an Op-Ed column, the thing that has most surprised me is how darned liberal I sound sometimes.  I know that seems like a strange thing to say, so let me explain.  —  Growing up in heavily Democratic Providence, R.I. …
Alexander Bolton / Ballot Box:
Mystery Romney supporter reveals himself after calls for investigation  —  Edward Conrad, a former executive at Bain Capital, has revealed himself as the mystery donor who gave a $1 million corporate contribution to a special political action committee supporting Mitt Romney.
RELATED:
Maggie Haberman / The Politico:
Mystery Mitt Romney donor comes forward
 
 
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 More Items: 
Washington Examiner:
Obama won't escape blame for credit downgrade
Troy Hooper / The Colorado Independent:
Al Gore calls B.S. on corporate polluters
Rasmussen Reports:
67% Say Economy Causing Family Stress
Discussion: Weasel Zippers
New York Times:
Shabab Concede Control of Capital to Somalia Government
Stephen Clark / Fox News:
Pelosi's Energy Savings Program Evaporates
Discussion: The Other McCain
Floyd Norris / New York Times:
As Corporate Profits Rise, Workers' Income Declines
Discussion: Hullabaloo and DownWithTyranny!
 Earlier Items: 
CBC News:
Japan marks Hiroshima anniversary
Discussion: Connecting.the.Dots
Thomas Erdbrink / Washington Post:
Iran's rich eat ice cream covered in gold as poor struggle to survive
Geoff Earle / New York Post:
Probers eye Meeks rap over 40G ‘loan’
William A. Jacobson / Le·gal In·sur·rec· tion:
Widener Law School goes Soviet, demands law professor undergo psychiatric evaluation
Ed Morrissey / Hot Air:
Hypocrisy, irony, and the New Civility
Discussion: Don Surber, Popehat and AmSpecBlog
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November

Bloomberg:
Preqin data: Southeast Asia's AI startups raised just $1.7B across 122 deals so far in 2024, out of ~$20B across 1,845 deals for the whole Asia-Pacific region
 
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