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9:15 AM ET, November 26, 2008

memeorandum

 Top Items: 
Mike Allen / The Politico:
Gates agrees to stay on under Obama  —  Defense Secretary Robert M. Gates has agreed to stay on under President-elect Obama, according to officials in both parties.  Obama plans to announce a national-security team early next week that includes Gates at the Pentagon and Sen. Hillary Rodham Clinton …
RELATED:
Washington Post:
Agreement Near for Gates to Stay On as Defense Secretary
Discussion: Washington Monthly and Guardian
Washington Post:   Gates Expected to Remain at Defense
Mark Silva / The Swamp:
Barack Obama chafes inside the ‘bubble’  —  Barack Obama wants his BlackBerry back - or at least some good way to communicate better with people outside the immediate circle of the president-elect.  —  And Obama isn't too impressed with the way that automakers have conducted themselves …
RELATED:
ABCNEWS:
Obama on Auto Execs' Private Jets: ‘A Little Tone Deaf’  —  Excerpts from Barbara Walters' Exclusive Interview: President-Elect Reveals He Is Negotiating to Keep His Blackberry  —  The following are excerpts from Barbara Walters' interview with President-Elect Barack Obama, conducted Tuesday in Chicago.
Sara Kugler / Associated Press:
Obama: bank execs shouldn't get bonuses this year  —  Featured Topics: - Barack Obama - Presidential Transition  —  CHICAGO - President-elect Barack Obama thinks bank executives should forgo their bonuses this year to show they are taking responsibility amid difficult economic times.
Jonathan Weisman / Wall Street Journal:
Volcker Tapped for Advisory Role  —  Ex-Fed Chief to Lead New Economic Panel of Outside Experts Who Will Brief Obama  —  President-elect Barack Obama will appoint former Federal Reserve Chairman Paul Volcker on Wednesday to be the chairman of a new White House advisory board tasked with helping …
Discussion: TIME.com, The Big Picture and Truthdig
RELATED:
David Leonhardt / New York Times:
The Return of Larry Summers  —  A few weeks ago, I called a well-known economist with a question about the financial crisis.  “I hope the only reason you're calling me,” he said, “is that you couldn't reach Larry.”  —  Larry would be Lawrence Summers, the intellectually fierce economist …
Discussion: Economix
Matthew Berger / Marc Ambinder:
Is Clinton barred from State job?  —  Pete Williams of NBC raised the question on MSNBC this afternoon: Is Hillary Clinton barred by the Constitution from accepting the post of secretary of state?  —  Article One, Section Six of the U.S. Constitution says:
Discussion: Stop The ACLU and AMERICAblog News
RELATED:
Jane Black / Washington Post:
Americans' Food Stamp Use Nears All-Time High  —  Fueled by rising unemployment and food prices, the number of Americans on food stamps is poised to exceed 30 million for the first time this month, surpassing the historic high set in 2005 after Hurricane Katrina.
Ken Armstrong / Seattle Times:
State justice confirms he yelled “Tyrant!” at Mukasey before AG collapsed  —  Richard Sanders, a justice on the Washington State Supreme Court, has never been one to shy from controversy or blunt language.  And last week, as he sat at a Federalist Society dinner and listened …
Michael Scherer / Time:
The Anti-Obama Campaign That Didn't Happen  —  What if the McCain campaign had run ads using footage of Barack Obama dancing with Ellen DeGeneres to show his coziness with celebrity?  Or followed up on its Paris Hilton ad with others featuring Donald Trump and Jessica Simpson?
KSTP-TV:
FEDS: Twin Cities man behind Somalia bombing  —  5 EYEWITNESS NEWS has learned that federal law enforcement sources believe that a Twin Cities man blew himself up in a suicide bombing in Northern Somalia last month.  —  The FBI and Homeland Security are investigating whether Shirwa Ahmed …
James C. Dobson, Ph.D. / CitizenLink:
Dr. Dobson: 'We Won't Be Silenced'  —  Washington Post columnist says the Republican Party must ditch God in order to survive.  —  So, Kathleen Parker has determined that getting rid of social conservatives and shelving the values they fight for is the solution to what ails the Republican Party ("Giving Up on God," Nov. 19).
Discussion: Political Machine
Wall Street Journal:
Fed Aid Sets Off a Rush to Refinance  —  The Federal Reserve's attempt to stabilize the housing market set off a chain reaction across the U.S. on Tuesday, dropping interest rates and quickly spurring a burst of refinancing activity by borrowers eager to lower their mortgage costs.
Discussion: Portfolio
James Gordon Meek / NY Daily News:
Rangel paid Clinton lawyer six figures for ethics probe help  —  Veteran Harlem congressman Charlie Rangel speaks at the Harriet Tubman Memorial Dedication on Nov. 13.  He has released a statement saying he paid a lawyer known for fixing messes for Bill Clinton.
Discussion: Don Surber
Elizabeth Drew / New York Review of Books:
The Truth About the Election  —  As he demonstrated in his campaign for the presidency, Barack Obama thinks long.  Hence, the new President-elect is better prepared to take office than any other newly elected chief executive in the history of the modern presidency.
The Economists' Forum:
Knightian uncertainty and its implications for the TARP  —  Financial institutions specialise in handling risk but are not nearly as efficient in dealing with uncertainty.  To paraphrase a recent Secretary of Defense, risk refers to situations where the unknowns are known …
Discussion: EconLog and Economist's View
Ilya Somin / The Volokh Conspiracy:
Obama Chief of Staff Hopes to Exploit the Economic Crisis to Expand the Growth of Government:  —  In earlier posts (e.g. - here and here) I have emphasized the risk that the combination of economic crisis and unified Democratic control of Congress and the White House would lead to a vast expansion of government.
Joby Warrick / Washington Post:
Brennan Withdraws From Consideration for Administration Post  —  Former CIA Official Had Come Under Fire for Agency's Interrogation Policies  —  A former CIA official who was in the running for a top intelligence post in the Obama administration withdrew his candidacy today after coming under criticism …
Jesse McKinley / New York Times:
Inquiry Set on Mormon Aid for California Marriage Vote  —  SAN FRANCISCO — California officials will investigate accusations that the Mormon Church neglected to report a battery of nonmonetary contributions — including phone banks, a Web site and commercials — on behalf of a ballot measure to ban same-sex marriage.
Discussion: Shakesville
Diana B. Henriques / New York Times:
First Audit Said to Cite Some Snags With Bailout  —  The first operational audit of the $700 billion financial rescue plan, to be delivered to Congress next Tuesday, is expected to be critical of the Treasury Department's failure to set up ways to track how its bailout money is being used in the marketplace …
Discussion: naked capitalism
 
 
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 More Items: 
Dietmar Hawranek / Spiegel Online:
German Auto Industry Facing the Abyss
Discussion: Daimnation!
Andy McCarthy / The Corner:
While We're on the Subject of Holder
Hilzoy / Washington Monthly:
Throw The Bums Out  —  In a sign that the End Times are upon us …
Discussion: Kevin Drum
Shannon McCaffrey / Associated Press:
Sarah Palin to stump with Sen. Saxby Chambliss
Discussion: Don Surber
David Barboza / New York Times:
A Global Downturn Puts the Brakes on China's Industry
Discussion: naked capitalism
Katharine Q. Seelye / New York Times:
Obama Places Stringent Limits on Inaugural Contributions
Discussion: Donklephant
 Earlier Items: 
Matthew Hadro / CNSNews:
Struggling Banks Paid President Clinton $2.1 million for ‘Speeches’
Discussion: Don Surber
CTV.ca:
Fundraiser canned on claims disease affects only whites
Discussion: Yourish.com and five feet of fury
Matt Corley / Think Progress:
Norquist: 'The Economy's In The Present State' Because Democrats …
Discussion: Brookings Institute