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5:20 AM ET, August 22, 2011

memeorandum

 Top Items: 
New York Times:
Jubilant Rebels Control Much of Tripoli  —  TRIPOLI, Libya — Col. Muammar el-Qaddafi's grip on power dissolved with astonishing speed on Monday as rebels marched into the capital and arrested two of his sons, while residents raucously celebrated the prospective end of his four-decade-old rule.
RELATED:
BBC:
Libya rebels move deep into Tripoli as fighting rages  —  Rebel fighters cheered on the outskirts of Tripoli  —  A convoy of Libyan rebels has rolled into central Tripoli past celebrating crowds after a day of heavy fighting in and around the capital.  —  They appeared to meet little resistance …
Discussion: Online NewsHour and Daily Kos
Associated Press:
Clashes near Gadhafi compound in Libyan capital  —  TRIPOLI, Libya (AP) — Heavy clashes have broken out near Moammar Gadhafi's compound in the Libyan capital.  —  Rebel spokesman Mohammed Abdel-Rahman says that tanks emerged from the complex, known as Bab al-Aziziya, early Monday and began firing.
Fox News:
Libyan Government Calls for Cease-Fire as Rebels Advance Toward Tripoli  —  Libya's government is calling for an immediate cease-fire between rebels and forces loyal to leader Muammar al-Qaddafi after an opposition-led attack, coordinated with NATO airstrikes, rocked the country's capital.
ABCNEWS:
Libyan Rebels Say They Captured Gadhafi's Son in Tripoli
Bloomberg:
Wall Street Aristocracy Got $1.2T in Loans  —  Citigroup Inc. (C) and Bank of America Corp. (BAC) were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits.
Steve Benen / Washington Monthly:
‘Congressional Republicans want to raise your taxes’  —  This lede in Charles Babington's Associated Press article today probably isn't what congressional Republicans wanted to see.  It is, however, accurate. … The piece goes on to quote Rep. David Camp, R-Mich., chairman of the House Ways …
Discussion: Mother Jones and Prairie Weather
RELATED:
Charles Babington / Associated Press:
GOP may OK tax increase that Obama hopes to block  —  WASHINGTON (AP) — News flash: Congressional Republicans want to raise your taxes.  —  Impossible, right?  GOP lawmakers are so virulently anti-tax, surely they will fight to prevent a payroll tax increase on virtually every wage-earner starting Jan. 1, right?
Robert Mackey / The Lede:
Latest Updates on the Battle for Tripoli … Latest Updates on the Battle for Tripoli  —  On Sunday, The Lede is following the battle for the Libyan capital, Tripoli, as rebel forces seeking to push Col. Muammar el-Qaddafi from power attack the city.  —  Battle Begins for the Libyan Capital
Discussion: Telegraph and Boing Boing
Tony Kennedy / Associated Press:
Michele Bachmann's low-key IRS role belied ambitions  —  Judicial records and former peers detail her work as a tax attorney.  —  In the few seconds Michele Bachmann had to introduce herself at a Republican presidential debate in New Hampshire this summer, she promptly mentioned her credential as …
Jeff Poor / The Daily Caller:
Maxine Waters: ‘The tea party can go straight to hell’  —  So much for dialing back the rhetoric, right?  —  On Saturday in Inglewood, Calif., California Democratic Rep. Maxine Waters had some harsh words for the tea party.  —  “I'm not afraid of anybody,” Waters told constituents in footage …
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William Deresiewicz / New York Times:
An Empty Regard  —  William Deresiewicz is an essayist and critic, and the author of “Solitude and Leadership,” an address delivered at West Point in 2009 and widely taught in the armed forces.  —  NO symbol is more sacred in American life right now than the military uniform.
Discussion: Prairie Weather
CBS News:
Ben Stein offers Rick Perry an economics lesson  —  PLAY CBS NEWS VIDEO … I was going to leave you alone for this month and just spend it on my boat up at Lake Pendoreille in North Idaho, a mountain lake where ospreys soar and where I feel at peace.  —  But Governor Rick Perry of Texas …
CNN:
Barrage of rockets from Gaza strike Israel; sites in Gaza targeted  —  Jerusalem (CNN) — A barrage of rockets and mortars fired into southern Israel continued Sunday, the latest in a four-day escalation of violence sparked by a series of attacks on Israeli civilians and soldiers Thursday.
Discussion: Weasel Zippers and Jihad Watch
Jeff Poor / The Daily Caller:
NYT's Friedman: ‘Way too soon to tell’ if media blew it vetting Obama the candidate  —  Back during the 2008 presidential election cycle, many Americans were captivated by the promises of hope and change that emanated from then-candidate Barack Obama.  And some would argue that much of the media were taking in by the promises too.
Discussion: Hot Air and The Gateway Pundit
New York Times:
Surely They Can Read a Spreadsheet  —  When the federal government was on the brink of default and the economy hung in the balance, the nation's business leaders had a chance to step forward and push for a long-term solution.  They could have supported a grand bargain that cut spending and raised tax revenue.
RELATED:
Henry Blodget / Clusterstock:
BILLIONAIRE KOCH TO BILLIONAIRE BUFFETT: Screw Your Call For Higher Taxes — The Government Is Incompetent  —  Earlier this week, Warren Buffett called bs on the Republican meme that raising taxes on deca-millionaires and billionaires will clobber the economy.
Discussion: Gawker and AlterNet
RELATED:
Lee Fang / ThinkProgress:
Koch Responds To Buffet: ‘My Business And Non-Profit Investments Are Much More Beneficial To Society’
Discussion: The Raw Story
 
 
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 More Items: 
Tyler Cowen / New York Times:
The Sad Statistic That Trumps the Others
CBS News:
Dozens more arrested in oil pipeline protest
Bret Baier / Fox News:
Karl Rove, Bill Burton on Economy's Impact on 2012 Race; Rick Santorum Talks Presidential Politics
Gerrit Wiesmann / Financial Times:
Merkel rules out eurobonds
 Earlier Items: 
Al Sharpton / NY Daily News:
What Crown Heights taught me: Al Sharpton reflects on race, rhetoric and rage that split the city
Robin McKie / Guardian:
Chronic fatigue syndrome researchers face death threats from militants
Discussion: Connecting.the.Dots and Althouse
Tyler Durden / zerohedge.com/fullrss2.xml:
Intrade Now Pricing Greater Than 50% Chance Obama Will Not Be Reelected; And Observations On The Political Costs Of War
SignOnSanDiego.com:
Romney to quadruple La Jolla home size