memeorandum: College May Not Pay Off for Everyone (Liberty Street Economics)

7:10 AM ET, September 5, 2014

Top Items:

Robert McDonnell guilty of 11 corruption counts — RICHMOND — A federal jury Thursday found former Virginia governor Robert F. McDonnell and his wife, Maureen, guilty of public corruption — sending a message that they believed the couple sold the office once occupied by Patrick Henry …

Discussion: Hinterland Gazette, Outside the Beltway, The Moderate Voice, Mashable, National Review, Gawker, Washington Monthly, Twitchy and Booman Tribune

Fox News:

Ex-Virginia governor, wife found guilty on corruption charges — Former Virginia Gov. Bob McDonnell and his wife Maureen have been convicted on a range of corruption, fraud and bribery charges, after the couple accepted more than $165,000 of gifts and loans from a businessman.

Discussion: Independent Journal Review and TPNN

Trip Gabriel / New York Times:

Former Governor in Virginia Guilty in Bribery Case — RICHMOND, Va. — Former Gov. Bob McDonnell of Virginia and his wife, Maureen, were convicted of corruption in federal court on Thursday, after a trial that shattered the political career of the onetime Republican star and peeled back the couple's private life to the bone.

Discussion: TalkLeft, Towleroad News #gay and Le·gal In·sur·rec· tion

Alexander Burns / Politico: Bob McDonnell in limbo: ‘Remarkably at peace’

Jonathan Martin / New York Times:

National G.O.P. Moves to Take Over Campaign of a Kansas Senator — WASHINGTON — National Republicans on Thursday moved to take control of the campaign of Senator Pat Roberts of Kansas by sending a longtime party strategist to the state to advise him, a day after his hopes for re-election …

Discussion: Talking Points Memo, Politico, Outside the Beltway, Christian Science Monitor, OnPolitics, Liberal Values, Associated Press, Wichita Eagle and Prairie Weather

Bryan Lowry / Wichita Eagle:

Kobach: Democrat Chad Taylor's name will remain on ballot for U.S. Senate — Chad Taylor doesn't want to be in the race for U.S. Senate, but he's going to remain on the ballot. — Taylor, the Democratic nominee for Senate and district attorney of Shawnee County, submitted a formal letter …

Discussion: Hot Air and National Review

Kansas City Star:
Kobach says Taylor stays on ballot for U.S. Senate in Kansas

Discussion: Fox News and Daily Kos

Bryan Lowryeagle Topeka / Wichita Eagle:
Despite tough primary, Sen. Pat Roberts' path to victory in November smoother than opponents'

Discussion: Roll Call, Washington Post, Wall Street Journal, Talking Points Memo, Daily Kos and Bloomberg View

Nathan L. Gonzales / The Rothenberg Political Report:
Pat Roberts is the Most Vulnerable Republican Senator in the Country

Discussion: OpenSecrets.org, Roll Call, Wichita Eagle, Le·gal In·sur·rec· tion and Hot Air

Nate Silver / FiveThirtyEight:
The Senate Race In Kansas Just Got Crazy

Discussion: Bloomberg View, Politico, Hit & Run, Talking Points Memo, New York Times, Washington Post, Business Insider, No More Mister Nice Blog, National Review, New Yorker, Power Line, The Dish, Washington Monthly and Weekly Standard

Wall Street Journal:

Hacker Breached HealthCare.gov Insurance Site — A hacker broke into the HealthCare.gov insurance enrollment website in July and uploaded malicious software, but there was no evidence consumers' personal data was taken.

Discussion: MarketWatch, BREITBART.COM, Little Green Footballs, Fox News, The Verge, NewsBusters, TPNN, Engadget, National Review, Hit & Run, Business Insider, Mediaite, Talking Points Memo and Hot Air

Brett Norman / Politico: GOP on attack over health site hack

Board of Governors of the Federal Reserve System:

Survey of Consumer Finances — 2013 Survey of Consumer Finances — The 2013 Survey of Consumer Finances (SCF) is the most recent survey conducted. Below are links to the bulletin article, historical bulletin tables, full public dataset, extract dataset, replicate weight files, and documentation.

Discussion: naked capitalism, Wall Street Journal and ParaPundit

Matthew C Klein / FT Alphaville:
US income and wealth inequality facts of the day

Discussion: Wall Street Journal and Marginal REVOLUTION

Daisuke Wakabayashi / Wall Street Journal:

Apple CEO Denies a Lax Attitude Toward Security Allowed Hackers to Post Nude Photos of Celebrities — Apple Inc. said it plans additional steps to keep hackers out of user accounts but denied that a lax attitude toward security had allowed intruders to post nude photos of celebrities on the Internet.

Discussion: BBC, Guardian, Engadget, The Verge, Mashable, Gigaom and The Huffington Post

Robert D. McFadden / New York Times:

Joan Rivers, a Comedic Stiletto, Dies at 81 — Joan Rivers, the raspy loudmouth who pounced on America's obsessions with flab, face-lifts, body hair and other blemishes of neurotic life, including her own, in five decades of caustic comedy that propelled her from nightclubs to television …

Discussion: The Wrap, CNN, Liberaland, No More Mister Nice Blog, Outside the Beltway, Gothamist, Hinterland Gazette, PUNDITGUY and TMZ.com

Maria Elena Fernandez / NBC News:
Comedy and TV Legend Joan Rivers Dies at 81

Discussion: The Daily Caller, The Gateway Pundit, Taylor Marsh, Towleroad News #gay and TMZ.com

Economist:

Blood cotton — The Half Has Never Been Told: Slavery and the Making of American Capitalism. By Edward Baptist. Basic Books; 498 pages; $35. Buy from Amazon.com, Amazon.com — “FOR sale: a coloured girl, of very superior qualifications...a bright mulatto, fine figure, straight …

Discussion: Gawker and Talking Points Memo

Lucy McCalmont / Politico:

DNC chief walks back Scott Walker ‘words’ — Democratic National Committee Chairwoman Debbie Wasserman Schultz says she used words she “shouldn't have” in her attack against Wisconsin Gov. Scott Walker, in which she said he “has given women the back of his hand.”

Discussion: Real Clear Politics, Towleroad News #gay, JSOnline, The Daily Caller, Althouse, BuzzFeed, Independent Journal Review and Washington Free Beacon

Peter Beinart / The Atlantic Online:

Pursuing ISIS to the Gates of Hell — Over the past two weeks, the American foreign-policy debate has dramatically changed. The key to understanding why lies in a book. — The book is called Special Providence. Published 13 years ago by Walter Russell Mead, it remains, for my money …

Discussion: Washington Monthly, Hot Air, TIME, The Huffington Post and Politico

Conor Friedersdorf / The Atlantic Online:

Why Do Newspapers Keep Publishing Op-Eds by John McCain? — America's most prestigious op-ed pages are run by highly accomplished editors who know a tight argument when they see one. They reject so many pieces each day that even a minor factual error or logical inconsistency is enough to doom a submission …

Discussion: Daily Kos and Hullabaloo

Mario Draghi / ECB:

Introductory statement to the press conference (with Q&A) — Jump to the transcript of the questions and answers — Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today's meeting of the Governing Council …

Discussion: naked capitalism, Washington Post, Bruegel, Bloomberg View and Guardian

Sahil Kapur / Talking Points Memo:

BREAKING: Appeals Court Scraps Gay Marriage Bans In Wisconsin, Indiana — The 7th Circuit Court of Appeals on Thursday overturned same-sex marriage bans in Wisconsin and Indiana. — “The discrimination against same-sex couples is irrational, and therefore unconstitutional even if the discrimination …

Associated Press:

Judge orders expanded Ohio early voting schedule — COLUMBUS, Ohio — A federal judge has blocked an Ohio law trimming early voting and ordered the swing state's elections chief to set an expanded voting schedule. — The ruling Thursday from U.S. District Judge Peter Economus comes …

Discussion: Washington Monthly and Democratic Strategist

Rick Hasen / Election Law Blog:
Breaking News and Analysis: Federal Court Grants Injunction Restoring Early Voting in Ohio

Discussion: ACLU, The Nation, Washington Post and Talking Points Memo

Sen. Rand Paul / TIME:

Rand Paul: ‘I Am Not an Isolationist’ — If I had been in President Obama's shoes, I would have acted more decisively and strongly against ISIS — Some pundits are surprised that I support destroying the Islamic State in Iraq and Greater Syria (ISIS) militarily. They shouldn't be.