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3:00 PM ET, March 9, 2025

memeorandum

 Top Items: 
Gregory Svirnovskiy / Politico:
Trump won't rule out a recession in 2025  —  “I hate to predict things like that,” Trump said when pressed about the possibility of a recession during a recorded interview that aired on “Sunday Morning Futures with Maria Bartiromo.”  —  President Donald Trump is confident that the country's economy …
RELATED:
Zeke Miller / Associated Press:
Trump downplays business concerns about uncertainty from his tariffs and prospect of higher prices
Discussion: CNN, NBC News and Associated Press
Washington Post:   Trump touted sweeping tariff, DOGE plans — then adjusted as backlash grew
Prem Thakker / Zeteo:
BREAKING: DHS Detains Palestinian Student from Columbia Encampment, Advocates Say  —  On Saturday, Department of Homeland Security (DHS) officers detained Mahmoud Khalil - a recent Columbia University graduate who helped lead the Gaza solidarity encampment - at his New York City home …
Discussion: CBS News
RELATED:
Meghnad Bose / Drop Site News:   BREAKING: DHS Detains Lead Negotiator of Columbia Gaza Solidarity Encampment After Online Campaign by Pro-Israel Groups
Sun Yu / Financial Times:
Chinese investors privately take stakes in Elon Musk's companies  —  Asset managers have been promoting tech mogul's ties to Donald Trump to lure capital to xAI, Neuralink and SpaceX  —  Wealthy Chinese investors are quietly funnelling tens of millions of dollars into private companies controlled …
RELATED:
Mihir A. Desai / New York Times:   Musk's Tweet-Fueled Bubble May Be About to Burst
Avery Lotz / Axios:
Secret Service shoots armed man near White House  —  The U.S. Secret Service shot an armed man near the White House around midnight on Sunday, the agency said in a statement.  —  The big picture: While there has been no reported threat to President Trump, the Secret Service has been under …
RELATED:
Luke Broadwater / New York Times:
Secret Service Shoots Armed Man Near the White House  —  President Trump was in Florida at the time of the episode, during which a man held a gun and a confrontation ensued, the agency said.  —  The Secret Service shot a man near the White House early Sunday after an “armed confrontation” …
Neil Irwin / Axios:
Trump's economic shock therapy  —  President Trump believes it's worth risking pain to achieve his medium-term goal of rewiring the U.S. economy.  He is attempting a form of economic shock therapy, while accepting there could be collateral damage.  —  Why it matters: That willingness …
RELATED:
Bloomberg:
The Bond Market's Trump Trade Is Looking Like a Recession Trade
Discussion: NPR
NBC News:
Trump wants to see more than just a minerals deal to restart aid and intel to Ukraine  —  U.S. and Ukrainian officials are set to meet in Saudi Arabia this week, with Trump focused on Zelenskyy's willingness to make concessions in negotiations.  —  WASHINGTON — As U.S. and Ukrainian officials prepare …
Discussion: The Kyiv Independent
Wall Street Journal:
Fear of Trump Has Elite Law Firms in Retreat  —  Executive orders against Perkins Coie and Covington & Burling have chilled industry  —  Elite law firms formed a proud part of the opposition to the first Trump administration.  This time around, the industry is fearful of taking on a president …
Ros Krasny / Bloomberg:
Musk Calls on US to Quit NATO, Stop Paying for Defense of Europe  —  Billionaire Elon Musk threw his weight behind a US exit from NATO, saying on his social media platform that it “doesn't make sense for America to pay for the defense of Europe.”  —  The senior adviser to US President Donald …
Discussion: Business Insider and Asia Times
RELATED:
Amanda Seitz / Associated Press:
Top US health agency makes $25,000 buyout offer to most of its employees  —  Most of the 80,000 federal workers responsible for researching diseases, inspecting food and administering Medicare and Medicaid under the auspices of the Health and Human Services Department were emailed an offer …
Chris Lunday / Politico:
German lawmakers float ‘Euro Eyes’ spy network amid uncertainty on US intel  —  Senior German lawmakers sound alarm bells that a sudden cutoff could leave Europe dangerously exposed.  —  BERLIN — The Bundestag's top intelligence experts are calling for a European spy network …
Washington Post:
DOGE's $1 spending card limit touches everything from military research to trash pickup  —  The crackdown on routine expenses is part of a campaign by the president and billionaire Elon Musk to reset the scope and mission of America's sprawling bureaucracy.  —  Just now
Don Moynihan / Can We Still Govern?:
Real chilling effects  —  Normally I record the classes I teach.  It gives students who miss class a chance to catch up.  I also make space in my classes to talk about what is happening in government right now.  A couple of weeks ago, students asked we keep the discussions, but stop recording the class.
New York Times:
The Populist vs. the Billionaire: Bannon, Musk and the Battle Within MAGA  —  President Trump has made clear he wants to keep both men and their allies within his movement, but the tensions are growing.  —  After word leaked out about a clash at the White House where members …
New York Times:
Rage Against Elon Musk Turns Tesla Into a Target  —  The backlash against the electric vehicle company has turned violent at times, as its billionaire chief executive parlays his support for President Trump into consequential influence over the federal government.
Ezra Klein / New York Times:
There Is a Liberal Answer to the Trump-Musk Wrecking Ball  —  I keep seeing Democrats say the resistance failed.  On these pages, James Carville counseled Democrats to “roll over and play dead” until the Trump administration collapses beneath its own weight.
Isaac Stanley-Becker / The Atlantic:
The FAA's Troubles Are More Serious Than You Know  —  On January 29, American Airlines Flight 5342 collided with a U.S. Army helicopter near Washington's Ronald Reagan National Airport, killing 67 people, in the deadliest U.S. air disaster in recent history.
Discussion: Fox News and CNN
Dan Williams / Bloomberg:
Israel Trims Gaza Electricity in New Pressure Move Over Hostages  —  Israel halted its already limited supply of electricity to the Gaza Strip, a move the government called a response to the Hamas hostage crisis and which a liaison officer said would suspend production by a desalination plant in the war-wracked enclave.
Heather Cox Richardson / Letters from an American:
March 8, 2025  —  Yesterday, Treasury Secretary Scott Bessent made it clear that the Trump administration's goal is to slash the federal government and to privatize its current services.  As the stock market has dropped and economists have warned of a dramatic slowdown in the economy …
Discussion: Digby's Hullabaloo
Lauren Kent / CNN:
A US-run system alerts the world to famines.  It's gone dark after Trump slashed foreign aid  —  A vital, US-run monitoring system focused on spotting food crises before they turn into famines has gone dark after the Trump administration slashed foreign aid.
 
 
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 More Items: 
New York Times:
MeidasTouch Pops on Podcast Charts as Progressives Search for Answers
David French / New York Times:
The MAGA Culture War Comes for Georgetown Law
Reuters:
USDA eliminates two food safety advisory committees
Naftali Bendavid / Washington Post:
Ronald to Donald: Trump's moves highlight the GOP shift away from Reagan
 Earlier Items: 
Dan Balz / Washington Post:
Trump's speech showed Democrats at low ebb. A comeback will take work.
Discussion: New York Post
Ellen Mitchell / The Hill:
‘Gut punch’: Democrats decry Trump's plan to cut 80,000 at Veterans Affairs
New York Times:
Undocumented Workers, Fearing Deportation, Are Staying Home
Patti Davis / New York Times:
My Father Spoke to Me Only Once About Why He Led This Nation
Lauren Weber / Washington Post:
Republican Medicaid cuts could shutter rural hospitals, maternity care
CNN:
‘A disruptive effect’: How slashing staff at the Social Security Administration is sparking fears the system could collapse
Discussion: Digby's Hullabaloo and Raw Story
Don Braid / calgaryherald:
Invading Canada would spark guerrilla fight lasting decades, expert says
Discussion: Twitchy
Christine Fernando / Associated Press:
FEMA cancels classes at national fire training academy amid federal funding cuts
 

 
From Techmeme:

Helene Braun / CoinDesk:
Coinbase reports Q1 revenue up 24% YoY to $2B, vs. $2.1B est., trading volume up 26% YoY to $393B, and earnings per share of $0.24, vs. $1.93 est.

Mark Gurman / Bloomberg:
Sources: Apple aims to begin mass production of a chip for its smart glasses, with greater power efficiency and multi-camera control, by end of 2026 or in 2027

Chris Dolmetsch / Bloomberg:
Celsius Network founder and former CEO Alex Mashinsky is sentenced to 12 years in prison after pleading guilty to commodities fraud and misleading investors

 
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