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12:05 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 …
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.
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 …
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
Jon Ward / The Huffington Post:
Ames Win Positions Michele Bachmann As Rick Perry's Top Obstacle To Be Anti-Romney (VIDEO) … AMES, Iowa — Michele Bachmann is Rick Perry's main rival now in the battle to give Republicans a viable alternative to Mitt Romney.  Tim Pawlenty's campaign is on life support.
The Politico:
Tim Pawlenty drops out of presidential race
Discussion: CNN, Runnin' Scared and The Caucus
Michael D. Shear / The Caucus:
Bachmann Wins Iowa Straw Poll
Molly Ball / The Politico:
Rick Perry's presidential run reorders 2012 landscape
Ramesh Ponnuru / Bloomberg:
Bachmann Wins Iowa, For Now: The Ticker
Discussion: The Other McCain, Don Surber and GOP 12
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
Chicago Sun Times:   Texas Gov. Perry jumps into 2012 Republican race
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
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
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.) …
JSOnline:
Prosser's recount got ample funding  —  Lawyer who worked on justice's behalf has case pending before court  —  By Patrick Marley of the Journal Sentinel  —  Madison - A Philadelphia philanthropist and his wife gave Wisconsin Supreme Court Justice David Prosser $100,000 this spring for his recount effort …
Discussion: Associated Press
 
 
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 More Items: 
Thomas L. Friedman / New York Times:
A Theory of Everything (Sort of)
Discussion: Hullabaloo
Ben Smith / Ben Smith's Blog:
So much for Sam's Club  —  The departure of Tim Pawlenty …
Neal Gabler / New York Times:
The Elusive Big Idea
Discussion: Jared Bernstein and Daily Kos
 Earlier Items: 
Steven Hayward / Power Line:
Heading for Jimmy Territory?
Edward Glaeser / Bloomberg:
About Edward Glaeser  —  How Riots Start, and How They Can Be Stopped: Edward Glaeser
 

 
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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