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12:35 PM ET, January 22, 2008

memeorandum

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Washington Post:
Fed Cuts Key Interest Rate as Asian Markets Drop for Second Day  —  The Federal Reserve today slashed the short-term interest rate it controls by three-quarters of a percentage point, a surprise move meant to keep plummeting stock markets around the world from threatening the underpinnings of the world economy.
New York Times:
Fed Makes Emergency 0.75% Rate Cut  —  The Federal Reserve, responding to an international stock sell-off and the likelihood of a sharp drop in America on Tuesday morning, cut its benchmark interest rate by three-quarters of a percentage point.  —  The Federal Open Market Committee lowered …
Larry Kudlow / The Corner:   The Fed Got It Right
John Edwards / CNN:
Clinton, Edwards hold private post-debate meeting  —  MYRTLE BEACH, South Carolina (CNN) — What were they talking about?  —  Hillary Clinton and John Edwards met privately backstage following a very contentious Democratic presidential debate in this coastal city, sources with both campaigns confirm to CNN.
RELATED:
The Politico:
The Clinton-Obama exchange  —  CNN is providing transcript …
Adam Nagourney / New York Times:
Remarks on Reagan Live On
David Brooks / New York Times:
The Voters Revolt  —  The Reagan administration had its pragmatists and its so-called ideologues.  It had James Baker as well as Ed Meese.  Reagan carried moderate states like Connecticut, Wisconsin and Washington, as well as conservative ones like Wyoming and South Carolina.
RELATED:
Fred Barnes / Wall Street Journal:
Now McCain Must Convince The Right
Matthew Yglesias:
Someone Didn't Get The Word  —  Fareed Zakaria: … Ah, those sad, sad, Democrats.  So unaware that the war's over.  The dude who killed at least fourteen and wounded seventeen in Tikrit must, like the Democrats, have been wearing partisan blinders when he failed to acknowledge the surge's success in bringing the war to an end.
RELATED:
The Campaign Spot:
Fred Out of Thursday's Debate; Doesn't Plan on Endorsing  —  I spoke to one of my Thompson sources.  —  He's still with his ailing mother.  “He's just being a good son."  —  He has not spoken to any other campaign or any other candidates, nor does he intend to at this time.
Ian Traynor / Guardian:
Pre-emptive nuclear strike ‘an option’  —  The west must be ready to resort to a pre-emptive nuclear attack to try to halt the “imminent” spread of nuclear and other weapons of mass destruction, according to a radical manifesto for a new Nato by five of the west's most senior military officers and strategists.
Manu Raju / The Hill:
Attorneys probe deepens  —  The federal investigation into the firing of nine U.S. attorneys could jolt the political landscape ahead of the November elections, according to several people close to the inquiry.  —  Washington's attention has been diverted from the scandal since …
Discussion: Emptywheel and Balkinization
The Prowler / American Spectator:
Huckabee Broke  —  Less than a month after a huge upset victory, and promises that fundraising would be ramped up, former Arkansas Gov. Mike Huckabee is asking his senior staff to keep working for him without pay, while lower level campaign staff are seeing their salaries cut dramatically or eliminated altogether.
John R. Emshwiller / Wall Street Journal:
Bill Clinton May Get Payout of $20 Million  —  Former President Clinton stands to reap around $20 million — and will sever a politically sensitive partnership tie to Dubai — by ending his high-profile business relationship with the investment firm of billionaire friend Ron Burkle.
Discussion: The Campaign Spot and Jezebel
Associated Press:
Jose Padilla is sentenced to 17 years  —  MIAMI - Convicted terrorism conspirator Jose Padilla, once accused of plotting with al-Qaida to blow up a radioactive “dirty bomb” in a major city, was sentenced Tuesday 17 years and four months in prison on charges that don't mention those initial allegations.
Discussion: Sweetness & Light
Washington Post:
White House Has No Comprehensive E-Mail Archive  —  For years, the Bush administration has relied on an inadequate archiving system for storing the millions of e-mails sent through White House servers, despite court orders and statutes requiring the preservation of such records, according to documents and technical experts.
 
 
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 More Items: 
RushLimbaugh.com:
Why Should We Shut Up?  —  BEGIN TRANSCRIPT  —  RUSH …
David Streitfeld / New York Times:
Feeling Misled on Home Price, Buyers Sue Agent
Discussion: PointOfLaw Forum
Paul Krugman:
Deep? Maybe. Long? Probably.
Discussion: The Plank
The Big Trunk / Power Line:
COMING SOON: POWER LINE BOOK OF THE YEAR
Los Angeles Times:
Abortion's battle of messages
Discussion: NewsBusters.org
Gateway Pundit:
Miss Utah “GI Jill” Stevens Needs Your Help
Confederate Yankee:
Scott Thomas Beauchamp's “Shock Troops” Statements
Eugene Robinson / Washington Post:
What's Gotten Into Bill?
 Earlier Items: 
Walter Shapiro / Salon:
The knives come out in South Carolina
Larry Kudlow / The Corner:
Take Charge, Central Bankers
Discussion: Biased BBC
New York Times:
Romney Waxes Lyrical at a Holiday Parade in Florida
CNN:
Part 1 of CNN Democratic presidential debate
Fox News:
Iran Warns Netherlands Not to Air Controversial ‘Anti-Muslim’ Film
Al Giordano / The Field:
Nevada: What Really Happened at the At-Large Caucuses?
Discussion: The Opinionator and MyDD
 

 
From Techmeme:

Josh Constine / TechCrunch:
Facebook Forces Users Worldwide To Download Messenger For Mobile Chat

Liz Gannes / Re/code:
Apple to Buy Radio App Swell for $30 Million

Mitchell Baker / The Mozilla Blog:
Interim Mozilla CEO Chris Beard appointed as permanent CEO

 
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