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1:10 PM ET, August 14, 2011

memeorandum

 Top Items: 
The Caucus:
Pawlenty Drops Out of Republican Race  —  Former Gov. Tim Pawlenty of Minnesota, left, at Thursday's debate in Ames, Iowa, with Jon M. Huntsman Jr. and Newt Gingrich.  —  DES MOINES — Tim Pawlenty, the former governor of Minnesota, dropped his bid for the Republican nomination for president …
RELATED:
Political Punch:
Pawlenty Drops Out of Presidential Race After Disappointing Straw Poll Finish  —  Former Minnesota Governor Tim Pawlenty is dropping out of the Republican presidential contest, after a disappointing third place finish in the Iowa Straw Poll yesterday.  —  “We needed to get some lift to continue …
Ben Smith / Ben Smith's Blog:
So much for Sam's Club  —  The departure of Tim Pawlenty this morning won't have a major impact on a race that had already taken shape without him — that's why he dropped out.  —  The move makes clear that Texas Gov. Rick Perry has fully seized the space Pawlenty sought to occupy, of the established conservative alternative.
Discussion: The Daily Dish
Catalina Camia / USA Today:
Tim Pawlenty ends presidential campaign  —  Former Minnesota governor Tim Pawlenty said today he will end his campaign for the GOP presidential nomination.  —  Pawlenty informed his supporters in a conference call and then announced his decision on ABC's This Week.
Meghashyam Mali / The Hill:
Bachmann says she can win independents in general election  —  The morning after her win in the Ames straw poll, Rep. Michele Bachmann (R-Minn.) argued that she could appeal to independent and Democratic leaning voters in a general election and dismissed the challenge from new contender Texas Gov. Rick Perry.
Discussion: Washington Monthly
Chris Cillizza / Washington Post:
Michele Bachmann wins the Ames Straw Poll  —  Republican presidential candidate, Rep. Michele Bachmann, R-Minn., center, arrives at a breakfast before the GOP Ames Straw Poll in Ames, Iowa, Saturday, Aug. 13, 2011.  (AP Photo/Charles Dharapak)AMES, Iowa — Minnesota Rep. Michele Bachmann scored …
Jon Ward / The Huffington Post:   Ames Win Positions Michele Bachmann As Rick Perry's Top Obstacle To Be Anti-Romney (VIDEO)
The Politico:
Tim Pawlenty drops out of presidential race
Michael D. Shear / The Caucus:
Bachmann Wins Iowa Straw Poll
Ramesh Ponnuru / Bloomberg:
Bachmann Wins Iowa, For Now: The Ticker
Discussion: The Other McCain, Don Surber and GOP 12
Molly Ball / The Politico:
Rick Perry's presidential run reorders 2012 landscape
CNN:
Minnesota Rep. Michele Bachmann wins Iowa straw poll
Fox News:
Perry Makes It Official: He's Running for President
Perry Bacon Jr / Washington Post:
Rick Perry announces he will join 2012 presidential field to challenge President Obama
New York Times:
White House Debates Fight on Economy  —  WASHINGTON — As the economy worsens, President Obama and his senior aides are considering whether to adopt a more combative approach on economic issues, seeking to highlight substantive differences with Republicans in Congress and on the campaign trail rather …
RELATED:
Calculated Risk:
White House Debates Doing Little or Nothing  —  This is depressing ...from the NY Times: White House Debates Fight on Economy … Tax incentives are the “bigger idea”?  It sounds like the debate is between doing nothing and doing very little.  —  If I arrived on the scene today …
Charles Dameron / Wall Street Journal:
Rick Perry's Crony Capitalism Problem  —  The presidential candidate's signature economic development initiative has raised questions among conservatives.  —  Gov. Rick Perry's presidential pitch goes something like this: During one of the worst recessions in American history, he's kept his state “open for business.”
Discussion: Riehl World View
Thomas L. Friedman / New York Times:
A Theory of Everything (Sort of)  —  LONDON burns.  The Arab Spring triggers popular rebellions against autocrats across the Arab world.  The Israeli Summer brings 250,000 Israelis into the streets, protesting the lack of affordable housing and the way their country is now dominated by an oligopoly of crony capitalists.
Discussion: Hullabaloo
Mike Lillis / The Hill:
Clyburn hopes to use supercommittee post to tackle wealth gap  —  A leading House Democrat is hoping to use his prestigious seat on the deficit-cutting supercommittee to close the growing gully that divides the rich and the poor in America.  —  Rep. James Clyburn (S.C.) …
Davidswanson / War Is A Crime .org:
California Democratic Party May Dump Its Progressive Caucus for Proposing a Primary Challenge to Obama  —  On July 30th the Progressive Caucus of the California Democratic Party passed a resolution proposing that a primary challenge be offered to Obama next year.
Discussion: naked capitalism and Corrente
 
 
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 More Items: 
Christina D. Romer / New York Times:
The Hope That Flows From History
Discussion: ThinkProgress
Deborah Netburn / Los Angeles Times:
Virginia school district bans Sherlock Holmes book
Neal Gabler / New York Times:
The Elusive Big Idea
Discussion: Jared Bernstein and Daily Kos
 Earlier Items: 
JSOnline:
Prosser's recount got ample funding
Discussion: Associated Press
Steven Hayward / Power Line:
Heading for Jimmy Territory?
 

 
From Mediagazer:

Max Tani / @maxwelltani:
Memo: WaPo's Matt Murray lays out plans for WP Ventures, the “third newsroom”; Krissah Thompson will be editor and Samantha Henig will be general manager

Stephen Alpher / CoinDesk:
Rumble announces a $775M investment from Tether and plans to use $525M to fund a tender offer for ~70M shares of its common stock; RUM jumps 35%+ after hours

Leo Schwartz / Fortune:
Sources: CoinDesk owner Bullish fired three editors, including EIC Kevin Reynold, amid controversy over forcing editors to take down an article on Justin Sun

 
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