Top Items:

Bernanke's Perry Problem — As I write this, investors around the world are anxiously awaiting Ben Bernanke's speech at the annual Fed gathering at Jackson Hole, Wyo. They want to know whether Mr. Bernanke, the chairman of the Federal Reserve, will unveil new policies that might lift …
Discussion:
Washington Monthly, Washington Post, New York Magazine, Booman Tribune, moneywatch.bnet.com and Freakonomics
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The Near- and Longer-Term Prospects for the U.S. Economy — Good morning. As always, thanks are due to the Federal Reserve Bank of Kansas City for organizing this conference. This year's topic, long-term economic growth, is indeed pertinent—as has so often been the case at this symposium in past years.
Discussion:
MarketBeat, New York Times and Real Time Economics


At Jackson Hole, Bernanke Tells The Nation He'll Deliver High Unemployment For Years — As I urged below, I think the most important part of Ben Bernanke's speech today is what it does to shape expectations. The news isn't good. Ben Bernanke is telling people not only that the Fed …
Discussion:
Guardian, Real Time Economics and Eschaton

Bernanke should clarify policy and sink QE3
Discussion:
Paul Krugman, ThinkProgress, FT Alphaville, Real Time Economics and EconLog

GOP lawmakers warn Bernanke against QE 3
Discussion:
The Politico, ThinkProgress and Prairie Weather

Pataki not running-Perry talking with Trump-Romney, Bachmann staying the course-Huntsman's purple tie-Kimball: Never Quit-GOP turning on Palin — SCORE EXCLUSIVE - TRUMP TALKING WITH PERRY: Rick Perry has been speaking with Donald Trump by phone since wading into the presidential race, a Trump representative told Morning Score.
Discussion:
CNN, unionleader.com, Online NewsHour, Public Policy Polling, msnbc.com, GOP 12, TPMDC, Fox News, Mediaite and Hot Air
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Perry's Popping-Off Problem — The Republican candidate comes across well as consistent and sincere, but his quick-draw machismo will scare voters away. — Rick Perry this week roared away from the pack. Gallup had him the party favorite, with 29% of Republicans and Republican-leaning …
Discussion:
New York Times, Pajamas Media, No More Mister Nice Blog, Hot Air, The Politico and Hugh Hewitt's TownHall Blog

Source: Pataki decides against White House run — WASHINGTON (CNN) - Former New York Gov. George Pataki will not run for the Republican presidential nomination, a source close to him told CNN. — Pataki, who had been flirting with a White House bid for months, was scheduled to appear …
Discussion:
The Caucus, Hot Air, Speaker, Capital Tonight, Politics, TPMDC, Taegan Goddard's …, americanthinker.com and Indecision Forever

Nikki Haley joins Michele Bachmann town hall
Discussion:
CNN and ThinkProgress


A New York Hurricane Could Be a Multibillion-Dollar Catastrophe — Time to think about the unthinkable. What if a major hurricane were to pass close to New York City, as several forecasting models now suggest that Hurricane Irene might? — Apart from the inevitable loss of life …
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New York Region Prepares for Hurricane Irene
Discussion:
Stateline.org, Pajamas Media, Capital Tonight and Hugh Hewitt's TownHall Blog

Alert Extends Up the East Coast as Hurricane Irene Closes In
Discussion:
Towleroad News #gay, Outside the Beltway and TPMDC


Giant rat killed by pitchfork in Marcy Houses is believed to be Gambian pouched rat — It sounds like an urban legend: giant mutant-looking rats roaming a city housing project. — Only there's a picture. — A photo making the rounds shows Housing Authority worker Jose Rivera minutes …
Discussion:
Gothamist, The Daily What, New York Magazine, Simply Left BehindThe …, Joe. My. God. and Via Meadia


CERN: ‘Climate models will need to be substantially revised’ — New atomsmasher research into cloud formation — CERN's 8,000 scientists may not be able to find the hypothetical Higgs boson, but they have made an important contribution to climate physics, prompting climate models to be revised.
Discussion:
IMAO, The Strata-Sphere, Questions and Observations, americanthinker.com, PoliPundit.com, Pajamas Media and Vox Popoli

President Rick Perry? — A few weeks ago it was possible to believe that Mitt Romney would win the New Hampshire primary and cruise easily to the Republican nomination. It's harder to see that now. — There have been a slew of polls showing Gov. Rick Perry of Texas surging to double-digit national leads.
Discussion:
The Note, Ross Douthat, The Hill, Real Clear Politics and driftglass
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‘Angry’ Mitt Romney ‘Loses His Cool’ With Voter At New Hampshire Town Hall
Discussion:
msnbc.com, Sky Dancing, The Other McCain, GOP 12 and Swampland

Nigeria U.N. office hit by massive bomb; 16 dead — Rescuers lower a United Nations worker wounded in a car-bomb attack at the U.N. Embassy in Abuja, Nigeria, Aug. 26, 2011. (Twitpic/NEXT) — ABUJA, Nigeria - A car laden with explosives rammed through two gates and blew …
Discussion:
Wall Street Journal, The Heritage Foundation, News Desk and Weasel Zippers
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Blast Hits U.N. Building in Nigeria
Discussion:
Right Wing News and americanthinker.com


NLRB OKs new rule, faces new controversy — The National Labor Relations Board, already under attack from conservatives concerned about regulatory overreach, is requiring that businesses must post information in the workplace telling employees about their rights to unionize.
Discussion:
Weasel Zippers and Balloon Juice


Health Law Puts Governors in Pickle — Texas Gov. Rick Perry, along with a slew of other Republican governors, faces a dilemma: Do they apply for millions of dollars in federal grants by September to begin establishing state-run health insurance exchanges, or let the deadline slide …
Discussion:
Washington Post and Healthwatch
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Economic Growth Slows to Crawl, GDP Increase at 1% — The U.S. economy grew much slower than previously thought in the second quarter as business inventories and exports were less robust, a government report showed on Friday, although consumer spending was revised up.
Discussion:
Calculated Risk, Washington Monthly and Hot Air


For Some in G.O.P., a Tax Cut Not Worth Embracing — WASHINGTON — It is hard to find a tax cut that Congressional Republicans dislike. Unless it is a tax cut pushed by President Obama. — In a turning of the tax policy tables, Democrats are increasingly hammering on Republicans who oppose …
Discussion:
Modeled Behavior and msnbc.com


Carmakers' rebound is driving jobs in U.S. — The industry that once needed bailing out could be the one to stave off recession. — Taxpayers bailed out much of the U.S. auto industry. Now the carmakers might be what saves the nation's economy from falling back into recession.
Discussion:
Mother Jones, Washington Monthly and Balloon Juice

Welfare drug-testing yields 2% positive results — TALLAHASSEE — Since the state began testing welfare applicants for drugs in July, about 2 percent have tested positive, preliminary data shows. — Ninety-six percent proved to be drug free — leaving the state on the hook to reimburse the cost of their tests.
Discussion:
Washington Monthly, Wonkette, Dayton Daily News, Colorlines, The Raw Story and ThinkProgress


Guitar Frets: Environmental Enforcement Leaves Musicians in Fear — Federal agents swooped in on Gibson Guitar Wednesday, raiding factories and offices in Memphis and Nashville, seizing several pallets of wood, electronic files and guitars. The Feds are keeping mum, but in a statement …
Discussion:
Michelle Malkin and Don Surber


Dick Cheney makes no apologies in memoir — Former vice president Dick Cheney takes quite a few shots — and makes no apologies — in his long-anticipated autobiography, “In My Time: A Personal and Political Memoir,” which will be out Tuesday. — The book, written his daughter Liz Cheney …

George Pataki out of the 2012 running — Former New York Gov. George Pataki has decided not to seek the Republican nomination for president, sources confirm. — It's hard to say what, if any, impact this has on the GOP primaries. Few believed until this month that Pataki was really serious about getting into the race.
Discussion:
Wall Street Journal


Ariz. sues feds over Voting Rights Act — The state of Arizona filed a lawsuit Thursday challenging the federal government's authority to enforce part of the Voting Rights Act of 1965, becoming the first state to challenge the constitutionality of sections of the federal law that bars states …
Discussion:
ThinkProgress, azag.gov, Arizona Republic and Political Insider