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10:15 AM ET, September 5, 2011

memeorandum

 Top Items: 
Steven Greenhouse / New York Times:
Postal Service Is Nearing Default as Losses Mount  —  The United States Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on cash that it will not be able to make a $5.5 billion payment due this month …
Ynetnews:
Israelis held in Istanbul airport  —  Passengers arriving in Turkey detained by local police after their passports taken away from them; passenger: Everyone was in shock  —  About 40 Israeli passengers on board a Turkish Airlines flight from Tel Aviv to Istanbul were held for several hours …
The Caucus:
Romney Speaks at Tea Party Event, Drawing Sparse Protest  —  Mitt Romney's keynote speech Sunday night at a Tea Party Express rally in Concord, N.H., was perhaps more notable for what did not happen — there were no fiery clashes with Tea Party protesters, or angry hecklers — than for what did …
RELATED:
Vicki Needham / The Hill:
Sen. DeMint: Obama speech to Congress ‘going to be hard for me to watch’
Josh Hafner / Iowa Caucuses:
Sarah Palin runs unannounced in Iowa half-marathon  —  Sarah Palin's short-lived and unannounced run began and ended today in Storm Lake, Iowa.  —  The morning after Palin's speech at a tea party rally in Indianola, Greta Van Susteren of Fox News posted a photo she said was snapped of Palin during the …
RELATED:
Greta Van Susteren / Gretawire:
Above is a picture of Governor Sarah Palin this morning....in Iowa with a crowd.
Michelle Malkin:
Happy Labor Day: Top 10 union thug moments of the year  —  As the MSM whitewashes Big Labor's ugly threats, Tea Party smears, and history of coerced dues-subsidized racketeering this Labor Day, what better way to mark the holiday than with an illustrated list of top 10 union thug moments of the year.
Discussion: Wizbang
RELATED:
E.J. Dionne Jr / Washington Post:
The last Labor Day?  —  Let's get it over with and rename the holiday “Capital Day.”  We may still celebrate Labor Day, but our culture has given up on honoring workers as the real creators of wealth and their honest toil — the phrase itself seems antique — as worthy of genuine respect.
Discussion: Balloon Juice and Daily Kos
Patricia Bosworth / Daily Mail:
Rebel without a bra: Jane Fonda said her biggest regret was not sleeping with Che Guevara... but that was to please her husband  —  One day, at the height of her fame in the mid-Seventies, Jane Fonda turned up on the doorstep of her ex-husband, Roger Vadim.  She was lugging a bulging sack.
Paul Krugman / New York Times:
The Fatal Distraction  —  Friday brought two numbers that should have everyone in Washington saying, “My God, what have we done?”  —  One of these numbers was zero — the number of jobs created in August.  The other was two — the interest rate on 10-year U.S. bonds, almost as low as this rate has ever gone.
Discussion: Prairie Weather
Andrew Orlowski / The Register:
Green energy and jobs will cripple the UK economy  —  Can't stay a top-ten manufacturer on expensive power  —  The UK's headlong rush into renewable energy - one ignored by the rest of the world - will hit British jobs and then general incomes, an economic study finds.
Discussion: Right Wing News and Pirate's Cove
ABCNEWS:
‘This Week’ Transcript: Sen. Jim DeMint  —  AMANPOUR (voice-over): This week, start your engines.  Campaign 2012 shifts into overdrive as Mitt Romney ramps up...  ROMNEY: Career politicians got us into this mess, and they simply don't know how to get us out.  —  AMANPOUR: ... Rick Perry cleans up...
Wolfgang Münchau / Financial Times:
The worst of the euro crisis is yet to come  —  The most disturbing aspect about the eurozone right now is that every crisis resolution strategy depends on a moderately strong economic recovery.  The Greek programme was already in trouble when it was agreed six weeks ago.  All the official forecasts were wrong.
Discussion: Paul Krugman
Matt Stoller / Salon:
What Democrats can do about Obama  —  From the debt ceiling fiasco to the recent rescheduling of a jobs speech at the behest of Speaker Boehner, it has not been a good summer for President Obama.  Like Chinese water torture, Gallup's daily tracking poll has shown a steady and unrelenting drip of bad news.
 
 
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 More Items: 
Guardian:
Libyan papers show UK worked with Gaddafi in rendition operation
Discussion: msnbc.com
ForexCrunch / Business Insider:
Senior IMF Economist Expects Hard Default For Greece. Soon.
Hotline On Call:
What We Learned: Packers Versus Politics
 Earlier Items: 
Lucy Madison / CBS News:
Bachmann “open” to eliminating corporate taxes
Discussion: Conservatives4Palin
 

 
From Mediagazer:

Caitlin Huston / The Hollywood Reporter:
Internal memo: Hearst Magazines president announces layoffs as part of a decision to “reallocate resources” to “continue our focus on digital innovation”

Mark Sweney / The Guardian:
National World, one of the UK's biggest newspaper groups, gets a £56.2M buyout offer from shareholder Media Concierge, a 40% premium to its Nov. 21 stock price

Lachlan Cartwright / The Ankler:
Sources: MSNBC renewed Rachel Maddow's contract early this fall, but with a pay cut; MSNBC bosses' plan to shake up daytime and weekend programming

 
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