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9:15 AM ET, August 8, 2011

memeorandum

 Top Items: 
Paul Krugman / New York Times:
Credibility, Chutzpah And Debt  —  To understand the furor over the decision by Standard & Poor's, the rating agency, to downgrade U.S. government debt, you have to hold in your mind two seemingly (but not actually) contradictory ideas.  The first is that America is indeed no longer the stable, reliable country it once was.
RELATED:
Katrina Trinko / National Review:
McCain: Tea Party Members Had ‘Mandate’ to Oppose Tax and Spending Hikes
Patrick Allen / CNBC:
No Chance of Default, US Can Print Money: Greenspan  —  Former Federal Reserve Chairman Alan Greenspan on Sunday ruled out the chance of a US default following S&P's decision to downgrade America's credit rating.  —  “The United States can pay any debt it has because we can always print money to do that.
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Robert Pear / New York Times:
S.&P. Downgrade Is Seen as Adding Urgency to Debt-Cutting Panel  —  WASHINGTON — The downgrade of the United States government's credit rating by Standard & Poor's is almost sure to increase pressure on a new Congressional “supercommittee” to mute ideological disagreements and recommend …
Paul Krugman:
A Self-Fulfilling Euro Crisis?  (Wonkish)  —  There will probably be big action in the euro zone tomorrow; so, some quick analytical notes.  —  The big question, I believe, is whether the Italian and maybe Spanish crises are the kind of thing that might be brought under control by ECB bond purchases.
RELATED:
David Jolly / New York Times:
European Intervention Buoys Italy and Spain
ecb.int:
Statement by the President of the ECB
Discussion: MarketBeat and Money & Company
Jack Ewing / New York Times:
Global Finance Leaders Pledge Bold Action to Calm Markets
Discussion: DealBook, VentureBeat and The Page
Ryan Lizza / New Yorker:
LEAP OF FAITH … - POLITICS - PROFILES - THE TALK OF THE TOWN - COMMENT - THIS WEEK'S ISSUE - THE FINANCIAL PAGE - NEWS DESK - THE POLITICAL SCENE
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Christian Heinze / GOP 12:   Michele Bachmann's development and formation
Molly Ball / The Politico:
All eyes turn to Ames
Discussion: The Page
Daily Mail:
Explosive Jackie O tapes ‘reveal how she believed Johnson killed JFK and had affair with movie star’  —  Jackie Onassis believed that Lyndon B Johnson and a cabal of Texas tycoons were involved in the assassination of her husband John F Kennedy, ‘explosive’ recordings are set to reveal.
Catherine Rampell / New York Times:
Second Recession in U.S. Could Be Worse Than First  —  If the economy falls back into recession, as many economists are now warning, the bloodletting could be a lot more painful than the last time around.  —  Given the tumult of the Great Recession, this may be hard to believe.
Discussion: The Raw Story
David Catanese / The Politico:
Wis. Dem memo: Victory predictions “dangerous”  —  MADISON Wis. — Democrats on the ground here are increasingly confident they will pick-up two state Senate seats, but are warning that winning the third necessary for a takeover is a tenuous prospect.  —  Despite hype from some in the party apparatus …
Discussion: National Review
Marie Colvin / TheAustralian:
Sharia execution urged for Mubarak  —  THE spokesman for Egypt's Muslim Brotherhood, which portrays itself as a moderate Islamic movement, has called for execution and hand amputations if the Mubaraks are found guilty of murder and corruption.  —  “If a man has stolen millions of the state's money …
New York Times:
Palestinians and the U.N.  —  In little more than a month, the Palestinians are expected to ask the United Nations to recognize their state.  We have sympathy for their yearning and their frustration.  For years, they have been promised a negotiated solution — President Obama called …
Discussion: Israel Matzav and Pajamas Media
Adam Clymer / New York Times:
Mark O. Hatfield, Republican Champion of Liberal Causes, Dies at 89  —  Mark O. Hatfield, a liberal Republican who challenged his party's positions on the Vietnam War and on a balanced-budget amendment to the Constitution during his 30 years as a Senator from Oregon, died on Sunday.  He was 89.
Discussion: Outside the Beltway and The Page
Kevin Diaz / Minneapolis Star Tribune:
Pawlenty changes his approach on health care  —  He favored exchanges and was ‘open to’ mandates.  Then he ran for president.  —  WASHINGTON - In his presidential campaign autobiography, “Courage to Stand,” former Minnesota Gov. Tim Pawlenty recalls a man in a wheelchair who approached him at an airport in Mankato.
Noel Sheppard / NewsBusters.org blogs:
Cokie Roberts on Downgrade: ‘The Problem That We Have Here Is the Constitution’  —  ABC's Cokie Roberts said something on national television Sunday that made her colleague George Will shake his head on camera.  —  During a “This Week” discussion about the recent credit rating downgrade …
Abby Phillip / The Politico:
Duncan to issue ‘No Child’ waivers  —  Seeing “no clear path” toward reauthorizing the “No Child Left Behind” education law, the Obama administration will unilaterally issue waivers to states, exempting them from some of the law's regulations.  —  “Today we're less than a month from the start …
Zachary A. Goldfarb / Washington Post:
Geithner tells Obama he will remain as Treasury secretary  —  Treasury Secretary Timothy F. Geithner has told President Obama he plans to remain in his job through the fall of 2012, keeping in place Obama's longest-serving economic adviser after the first-ever U.S. credit downgrade and renewed fears of a second recession.
RELATED:
Ben White / The Politico:   Timothy Geithner to stay at Treasury
Glenn Harlan Reynolds / Washington Examiner:
Sunday Reflection: Why the GOP should give Obama the higher taxes he wants  —  Well, the debt deal is behind us, but it's clear that the White House wants more taxes.  Instead of fighting this head-on, the GOP might want to think about future ways of giving President Obama what he says he wants.
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 More Items: 
New York Times:
A.I.G. to Sue Bank of America Over Mortgage Bonds
Discussion: naked capitalism
Ylan Q. Mui / Washington Post:
Lack of jobs for blacks creates tension between black lawmakers and Obama
Discussion: The Note
John Harwood / The Caucus:
Voters Want a Change Politicians Can't Deliver
Devin Banerjee / Bloomberg:
Verizon Unions Strike as Contract Talks Fail
Dave Hill / Guardian:
Tottenham riots: This could happen in a dozen boroughs | Dave Hill
 Earlier Items: 
Thomas L. Friedman / New York Times:
Win Together or Lose Together
Jason Linkins / The Huffington Post:
TV SoundOff: Sunday Talking Heads
Discussion: Crooks and Liars
Blue Texan / Firedoglake:
Rick Perry: In Less Than Three Years, America Has Forgotten God, Needs to Repent
Discussion: NationalJournal.com
Alex Seitz-Wald / ThinkProgress:
Paul Ryan Signals Willingness To Raise Revenues, Shifting Positions Following Downgrade
Steve Benen / Washington Monthly:
The worst thing the GOP has ever done?
Discussion: The Other McCain and Balloon Juice
 

 
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Yifan Yu / Nikkei Asia:
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Jay Peters / The Verge:
Bluesky says it has “no intention” of taking user content to train AI tools, ahead of X implementing new terms of service that let it train AI on user content

 
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