memeorandum: Congress: Trading stock on inside information? (CBS News)

1:40 PM ET, November 14, 2011

Top Items:

Lyle Denniston / SCOTUSblog:

Court sets 5 1/2-hour hearing on health care (FINAL) — FINAL UPDATE at 11:09 a.m. A separate post, coming shortly, will provide further analysis of the grants. (It is posted above this.) — Setting the stage for a historic constitutional confrontation over federal power …

Discussion: ThinkProgress, Washington Monthly, American Prospect, Hit & Run, Campaign 2012, Political Mojo, Taylor Marsh, The New Republic, Business Insider, Swampland, Hot Air, The PJ Tatler, Le·gal In·sur·rec· tion, Lawyers, Guns & Money, The Daily Dish and Gawker

Adam Liptak / New York Times:

Supreme Court to Hear Case Challenging Health Law — WASHINGTON — The Supreme Court on Monday agreed to hear a challenge to the 2010 health care overhaul law, President Obama's signature legislative achievement. The development set the stage for oral arguments by March and a decision in late June …

Discussion: Washington Post, JustOneMinute, The Maddow Blog, Guardian, Outside the Beltway, The Stranger …, Talking Points Memo and Althouse

CNN:
Supreme Court takes up challenge to health care reform law

Discussion: Firedoglake, Reuters, This Just In, Big Government and The Political Carnival

CBS News:

Congress: Trading stock on inside information? — Washington, D.C. is a town that runs on inside information - but should our elected officials be able to use that information to pad their own pockets? As Steve Kroft reports, members of Congress and their aides have regular access …

Discussion: Business Insider, The Consumerist and Marginal Revolution

David Weigel / Slate:

Spencer Bachus, Rogue Trader — Last night, 60 Minutes ran a report on the shocking normalcy of stock trades by members of Congress. The world's greatest deliberative bodies are exempt from insider trading laws, even though its members get quicker access to market-moving information than almost anyone else.

Discussion: Washington Monthly, Business Insider, CBS News, Taegan Goddard's …, Second Front and American Spectator

Megan McArdle / The Atlantic Online:
Capitol Gains — Are members of Congress guilty of insider trading—and does it matter?

Discussion: National Review

Wynton Hall / Big Government:
REVEALED: Nancy Pelosi Blocked Credit Card Reform While Investing Millions in Exclusive Visa Stock Offering

Discussion: The Atlantic Online, Atlas Shrugs, Maggie's Notebook, nation.foxnews.com, The Jawa Report, Weasel Zippers, DownWithTyranny!, The Lonely Conservative and Hot Air

Ryan Grim / The Huffington Post:
‘60 Minutes’ Hit On Boehner, Pelosi Falls Short

Discussion: ThinkProgress

John Bresnahan / The Politico:
‘60 Minutes’ on ‘honest graft’

Discussion: Big Government and The PJ Tatler

CBS News:
Congress: Trading stock on inside information?

Discussion: The Daily Caller and AMERICAN FUTURE

Tom Jensen / Public Policy Polling:

Gingrich takes the lead — Newt Gingrich has taken the lead in PPP's national polling. He's at 28% to 25% for Herman Cain and 18% for Mitt Romney. The rest of the Republican field is increasingly looking like a bunch of also rans: Rick Perry is at 6%, Michele Bachmann and Ron Paul at 5% …

Discussion: Hot Air, Taegan Goddard's … and The Raw Story

Maggie Haberman / The Politico:
Iowa numbers: Cain, Gingrich, Romney on top

Discussion: Global Public Square, Daily Kos, Washington Wire, Slate and americanthinker.com

Bill Keller / New York Times:
How Romney Could Win — Election Day is nearly a year off …

Discussion: Washington Post, Capital New York, No More Mister Nice Blog, The Jawa Report, Daily Kos, Prairie Weather, Marbury, Washington Monthly, Alan Colmes' Liberaland and Truth on the Market

Gschwarzcnn / CNN: CNN Poll: Gingrich soars, Cain drops

Reid Wilson / 2012 Decoded:
New Iowa Poll: The Gingrich Surge

Discussion: Mullings An American …, GOP 12, Booman Tribune and The Political Carnival

James Hohmann / The Politico:
Battleground Poll: Economy drags on Obama

Discussion: GOP 12, Reuters, Business Insider, Daily Kos and Balloon Juice

Bill Carter / New York Times:

Chelsea Clinton to Report for NBC — NBC is to announce on Monday morning that it has hired Chelsea Clinton to become a full-time special correspondent for NBC News. — The appointment is immediate. Ms. Clinton will show up at the news division offices oon Monday morning, said Steve Capus …

GQ:

A Pizza Party with Herman Cain — He's the funniest, most outrageous guy on the GOP stage. And he's got a simple plan to save America. Yes, that plan is more than a little nutty, and yes, his charm has taken a big hit lately. But have you met his competition?

Discussion: Little Green Footballs, Mediaite, GOP 12 and The Political Carnival

Justin Sink / The Hill:
Cain: Majority of US Muslims share extremist views

Discussion: Weasel Zippers and Outside the Beltway

Edward Luce / Financial Times:

Mr President, it's time to panic — A few weeks ago, James Carville, the legendary manager of Bill Clinton's 1992 campaign, had a choice word of advice for Barack Obama: “panic”. The president was heading to disaster in 2012 with the same crew of advisers that had led him up this blind alley.

Discussion: ThinkProgress and Washington Post

The Politico:
Some Democrats refuse to back President Obama

Discussion: Big Government, ABCNEWS, The Caucus, Pat Dollard, Weasel Zippers and The Moderate Voice

Meghashyam Mali / The Hill:
Deal-breaker election looms over supercommittee negotiations

Discussion: The Heritage Foundation

Walter Russell Mead / Via Meadia:

Listen Up, Boomers: The Backlash Has Begun — “Talkin' about my generation”: the Who song once expressed the hope and self confidence of the Baby Boomers as they reached biological if not emotional maturity. It was an attack on the older generation, a defense of the young …

Discussion: Campaign 2012 and Rod Dreher

Michael Klopman / The Huffington Post:
Jerry Sandusky Interview: Ex-Penn State Coach Talks About Children To NBC In 1987 (VIDEO)

Discussion: Alan Colmes' Liberaland and msnbc.com

Sean Newell / Deadspin:
Judge Who Set Unsecured Bail For Jerry Sandusky Is A Second Mile Volunteer

Discussion: RedState, msnbc.com, NESN.com, NBC Philadelphia, Althouse, Nation Now and Fox News

Robert Pear / New York Times:

Deficit Panel Seeks to Defer Details on Raising Taxes — WASHINGTON — With a little over a week left to reach a deal, members of the Congressional deficit reduction panel are looking for an escape hatch that would let them strike an accord on revenue levels but delay until next year tough decisions about exactly how to raise taxes.

Discussion: Firedoglake, The New Republic, The Politico, Daily Kos, Wall Street Journal, Capital Gains and Games blogs, Washington Monthly, Angry Bear, americanthinker.com, Taylor Marsh, The Hill, Patterico's Pontifications, Prairie Weather, Paul Krugman, Taegan Goddard's …, The Page and Balloon Juice

San Francisco Chronicle:

(11-14) 07:05 PST OAKLAND — Oakland police have arrested about 25 protesters at the sprawling Occupy Oakland encampment outside City Hall while hundreds of law-enforcement officers square off against demonstrators in the second such raid of the downtown tent city.

Discussion: Mercury News, insideBayArea, The Snitch, L.A. NOW, The Lede, Campaign 2012, Hot Air and Gawker

Mercury News:
Occupy Oakland Live Blog: Police say 32 arrested, inlcuding clergy member

Discussion: Crooks and Liars, National Review, CBS San Francisco, Hullabaloo, Guardian, OWS Exposed, The Bay Citizen and Washington's Blog

Justin Sink / The Hill:

Ex-boyfriend of Cain accuser to tell his story at press conference — The former boyfriend of Sharon Bialek, the woman who accused Republican presidential candidate Herman Cain of sexual harassing her while she was seeking career advice, will hold a press conference with Bialek's attorney, Gloria Allred, Monday afternoon.

Discussion: CNN

Michael Falcone / ABCNEWS:
Is The Herman Cain Train About To Stall? (The Note)

Discussion: PolitickerNY

Jesus Diaz / Gizmodo:

Why Is China Building These Gigantic Structures In the Middle of the Desert? (Updated) — This is crazy. New photos have appeared in Google Maps showing unidentified titanic structures in the middle of the Chinese desert. The first one is an intricate network of what appears to be huge metallic stripes.

Discussion: Towleroad News #gay

New York Post:

Ex-cop boots OWS heckler from congressman's swearing-in — Meet New York's newest hero. — Kevin Hiltunen, a former NYPD officer, yesterday grabbed an Occupy Wall Street demonstrator by the collar and dragged him out of a Queens school where he'd been heckling US Rep. Bob Turner at the congressman's swearing-in ceremony.

Discussion: The Gateway Pundit, PolitickerNY, iOwnTheWorld.com, Atlas Shrugs, The Daily Caller and Gothamist

Eric Dash / New York Times:

Banks Quietly Ramping Up Costs to Consumers — Even as Bank of America and other major lenders back away from charging customers to use their debit cards, many banks have been quietly imposing other new fees. — Need to replace a lost debit card? Bank of America now charges $5 — or $20 for rush delivery.

Discussion: ThinkProgress, The Atlantic Online, Gawker, Hit & Run, US Politics and Prairie Weather

Dominic Holden / The Stranger …:

Occupy Seattle Disrupts Pro-Occupy Wall Street Forum, Drives Away Supporters — Occupy Seattle: How to lose friends and alienate people. — No sooner had the panel finished opening remarks last night than a woman scampered up onto stage and yelled, “Mic check!”

Discussion: Questions and Observations, Indecision Forever and Rod Dreher