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10:30 AM ET, November 24, 2008

memeorandum

 Top Items: 
Jaketapper / Political Punch:
Obama to Tap Berkeley Prof to Chair Council of Economic Advisers  —  From Jake Tapper and George Stephanopoulos:  —  ABC News has learned that President-elect Obama had tapped University of California -Berkeley economics professor Christina Romer to be the chair of the Council of Economic Advisers …
RELATED:
Lori Montgomery / Washington Post:
Democrats' Stimulus Plan May Reach $700 Billion  —  Spending Package Could Rival Financial System Bailout  —  Facing an increasingly ominous economic outlook, President-elect Barack Obama and other Democrats are rapidly ratcheting up plans for a massive fiscal stimulus program that could total …
Mike Allen / The Politico:
Berkeley economist to head Obama economic council  —  President-elect Obama plans to name Christina Romer, an expert on tax cuts and recessions who is an economics professor at the University of California at Berkeley, to chair his Council of Economic Advisers, aides said.
Discussion: The Caucus
Mark Thoma / Economist's View:
The Citigroup Bailout  —  It's bailout time.  Let's start with Paul Kedrosky: … Yves Smith: … Calculated Risk has the Joint Statement by Treasury, Federal Reserve, and the FDIC on Citigroup, while James Kwak says the bailout is “Weak, Arbitrary, Incomprehensible.”  I think he has it right:
RELATED:
Paul Krugman:
Citigroup  —  Mark Thoma has the rundown of informed reactions.  A bailout was necessary — but this bailout is an outrage: a lousy deal for the taxpayers, no accountability for management, and just to make things perfect, quite possibly inadequate, so that Citi will be back for more.
Discussion: Washington Monthly
David Ellis / CNNMoney.com:
Citi dodges bullet
Discussion: The Moderate Voice
Eric Dash / New York Times:
U.S. Approves Plan to Help Citigroup Cope With Losses
Robert Schmidt / Bloomberg:
U.S. to Back $306 Billion in Citigroup Assets, Regulators Say
Discussion: naked capitalism and The Impolitic
Bradley Keoun / Bloomberg:   Citigroup Gets Government Guarantees on $306 Billion of Assets
Bloomberg:
Fed Pledges Top $7.4 Trillion to Ease Frozen Credit  —  Nov. 24 (Bloomberg) — The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the nation last year, to rescue the financial system since the credit markets seized up 15 months ago.
RELATED:
Christopher Wood / Wall Street Journal:
The Fed Is Out of Ammunition  —  A discredited dollar is a likely outcome of the current crisis.  —  With an estimated $4 trillion in housing wealth and $9 trillion in stock-market wealth destroyed so far in the United States, there is little doubt that we are witnessing a classic debt-deflation bust …
Discussion: Betsy's Page
Daniel Libit / The Politico:
Sloppy Dems may spell Franken advantage  —  One of the closest elections in U.S. Senate history is hurtling towards a critical juncture in its ongoing recount this week, as the campaign of Democratic challenger Al Franken opens a new legal front in its battle to break a virtual tie with Republican Sen. Norm Coleman.
Discussion: www.redstate.com
RELATED:
Noam Scheiber / The New Republic:
Some Final Backstory on Geithner  —  I've tried to lay out the reasons why Obama would want Tim Geithner as his Treasury secretary.  Now that the day of the big announcement is here, I figured I'd address the “how” of it, too.  —  My sense is that two Obama transition officials …
Discussion: marbury
RELATED:
Howard Kurtz / Washington Post:
Media Notes: An Interview With Outgoing White House Press Secretary Dana Perino  —  The network stars were gone, the seats half empty and the questioning low-key as Dana Perino held a White House briefing last week, her biggest announcement that the administration would try to ease air traffic for the holidays.
Discussion: Think Progress
William Kristol / New York Times:
Admit We Don't Know  —  “In my view it has to be between five and seven hundred billion dollars,” proclaimed Senator Charles Schumer Sunday on ABC's “This Week.”  The “it” is the economic stimulus package the new Congress intends to send to the new president, Barack Obama, in January.
Discussion: The Moderate Voice and marbury
The Politico:
Obama skips church, heads to gym  —  President-elect Barack Obama has yet to attend church services since winning the White House earlier this month, a departure from the example of his two immediate predecessors.  —  On the three Sundays since his election, Obama has instead used his free time to get in workouts at a Chicago gym.
Carrie Johnson / Washington Post:
As President Bush's Term Comes to an End, Some Well-Known Offenders Seek Pardons  —  With a backlog of applications piled up at the Justice Department, high-profile criminals and their well-connected lawyers increasingly are appealing directly to President Bush for special consideration …
Discussion: TIME.com and Truthdig
Tony Perry / Los Angeles Times:
Marines drafting plan to send more troops to Afghanistan  —  MISSION: A U.S. Marine meets with elders in Kunar province, in eastern Afghanistan.  Marines are eager to join the fight against the Taliban, with some feeling a sense of unfinished business from 2001 when they were abruptly called off.
Washington Post:
For Obama, White House Is an Unusually Big Transition  —  Obama has nourished his soul on a life of routine, friends say.  Now they hope he can find comfort in a city he has never embraced.  —  A familiar number showed up on Terry Link's cellphone last week, the one that belonged to the friend …
Discussion: Jezebel and TIME.com
Andrew Sullivan / The Daily Dish:
The Golden Straitjacket Of Foggy Bottom  —  My positive take on Clinton at State in the Sunday Times: … (Photo: Brendan Smialowski/Getty.)
SaneWorks.us:
CAIR Sued by Former Clients for Racketeering, Fraud, & Breach of Fiduciary Duties  —  For more information:  —  David Yerushalmi, Esq.  —  Law Offices of David Yerushalmi  —  ContactYerushalmiLaw@verizon.net  —  646.262.0500  —  Washington, DC: Four clients of the Council …
RELATED:
Baron Bodissey / Gates of Vienna:
Serving CAIR At Its Own Banquet
Discussion: Atlas Shrugs and Gateway Pundit
 
 
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 More Items: 
 Earlier Items: 
Jodi Kantor / New York Times:
An Old Hometown Mentor, Still at Obama's Side
Discussion: Don Surber and The Swamp
Robert G. Kaiser / Washington Post:
Pollsters Debate America's Political Realignment
Discussion: The Heretik
John Hallmann / The Huffington Post:
Why America Feels Like it's Been Ruled by a Foreign Occupier
Discussion: Stop The ACLU
 

 
From Mediagazer:

Alexandra Bruell / Wall Street Journal:
The Atlantic is profitable, has 1M subscribers, and revenue grew 10% in 2023 thanks to a 50% price hike, a harder paywall, and a shift to in-depth reporting

New York Times:
The NBC News-Ronna McDaniel saga highlights the perks and perils of partisan talk TV; a source says McDaniel is now seeking $600K+ for her two year deal

New York Times:
Karlie Kloss' Bedford buys Life publication rights from Dotdash Meredith and plans to resume regular print publication in 2025; Josh Kushner will be publisher

 
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