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10:45 AM ET, December 10, 2008

memeorandum

 Top Items: 
New York Times:
Obama's Effort on Ethics Bill Had Role in Governor's Fall  —  In a sequence of events that neatly captures the contradictions of Barack Obama's rise through Illinois politics, a phone call he made three months ago to urge passage of a state ethics bill indirectly contributed to the downfall …
RELATED:
The Politico:
In scandal, risks for Obama  —  At first blush, Barack Obama comes out of the Rod Blagojevich scandal smelling like a rose.  The prosecutor at a news conference seemed to give the president-elect a seal of approval, and the Illinois governor himself was caught on tape complaining that Obama was not interested in crooked schemes.
Chicago Tribune:
Barack Obama plans to reach out to Muslim world  —  In exclusive interview, he says he plans to be sworn in like every other president, using his full name: Barack Hussein Obama  —  Barack Obama says his heart will remain in Chicago, even as he moves to Washington.  (Alex Garcia / Tribune / December 9, 2008)
Andrew Malcolm / Top of the Ticket:
Text of Obama's first newspaper interview as president-elect  —  In his first post-election newspaper interview, President-elect Barack Obama doesn't spill all the beans about his intentions upon taking office on Jan. 20.  —  But he does reveal some interesting details.
Susan Saulny / New York Times:
Portrait of a Politician: Vengeful and Profane  —  CHICAGO — Little in Gov. Rod R. Blagojevich's background prepared the people of Illinois for the man who was revealed in the criminal complaint that dropped like a bombshell here on Tuesday.  Delusional, narcissistic, vengeful and profane …
Maggie Haberman / New York Post:
ILLINOIS GOV IN LAND OF $TINKIN'
Discussion: Gateway Pundit and CANNONFIRE
Mike Allen / The Politico:   Swearing in: Barack Hussein Obama
Howard Kurtz / Washington Post:
Criminal Complaint Alleges That Gov. Blagojevich Threatened …
Chicago Sun Times:
Gov. Blagojevich must go — right now
Dave Orrick / TwinCities.com:
FBI reviewing allegations involving Norm Coleman ally, source says  —  Source: Inquiry involves alleged attempt to steer money toward senator  —  Federal investigators are looking into allegations that a longtime friend and benefactor tried to steer money to U.S. Sen. Norm Coleman, the Pioneer Press has learned.
David Leonhardt / New York Times:
$73 an Hour: Adding It Up  —  Seventy-three dollars an hour.  —  That figure — repeated on television and in newspapers as the average pay of a Big Three autoworker — has become a big symbol in the fight over what should happen to Detroit.  To critics, it is a neat encapsulation …
Los Angeles Times:
Obama speaks out in his first newspaper interview  —  The president-elect discusses Gov. Blagojevich, the economy, Islam and civil rights, among other topics. … Have you ever spoken to [ Illinois] Gov. [ Rod R.]  Blagojevich about the Senate seat?  —  I have not discussed the Senate seat with the governor at any time.
Discussion: TIME.com and The Note
RELATED:
Los Angeles Times:   Obama says he hopes to help 'reboot America's image around the world'
Kenneth P. Vogel / The Politico:
Donilon Likely for NSC  —  No Bauer in the White House  —  Bob Bauer, who served as general counsel to — and legal attack dog for — the Obama campaign, won't be taking a job in the White House but will continue to be very active in the Obama political operation as its outside lawyer.
Discussion: MSNBC
Andy Barr / The Politico:
Joe the Plumber: McCain ‘appalled me’  —  Joe Wurzelbacher lashed out at former GOP presidential nominee John McCain Tuesday, the man who made Wurzelbacher famous as “Joe the Plumber.”  —  Wurzelbacher told conservative radio host Glenn Beck that he felt “dirty” after “being on the campaign trail …
Jesse McKinley / New York Times:
Gay Marriage Ban Inspires New Wave of Activists  —  SAN FRANCISCO — They're calling it Stonewall 2.0.  —  Outraged by California voters' ban on same-sex marriage, a new wave of advocates, shaken out of a generational apathy, have pushed to the forefront of the gay rights movement …
Discussion: Bark Bark Woof Woof
Agence France Presse:
Obama plans major address in Islamic capital: interview  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON, (AFP) - President-elect Barack Obama plans to give “a major address” in an Islamic capital soon after taking office as he seeks to mend America's image in the Muslim world …
Daniel Engber / Slate:
Why Is Chicago So Corrupt?  —  And how do you measure corruption, anyway? … Former Illinois Gov. George Ryan received a sentence of six and a half years in prison on Wednesday, after being convicted on charges of racketeering, mail fraud, filing false tax returns, and lying to investigators.
RELATED:
Scott Shane / New York Times:
Fond Ties Have Grown Between Chicago and Its Corruption Fighter
Discussion: A Blog For All
Joseph E. Stiglitz / Vanity Fair:
Capitalist Fools  —  Behind the debate over remaking U.S. financial policy will be a debate over who's to blame.  It's crucial to get the history right, writes a Nobel-laureate economist, identifying five key mistakes—under Reagan, Clinton, and Bush II—and one national delusion.
Bloomberg:
Treasury Bills Trade at Negative Rates as Haven Demand Surges  —  A A A  —  Dec. 9 (Bloomberg) — Treasuries rose, pushing rates on the three-month bill negative for the first time, as investors gravitate toward the safety of U.S. government debt amid the worst financial crisis since the Great Depression.
RELATED:
Silla Brush / The Hill:
Auto deal hinges on GOP votes  —  Congressional Democrats and the White House appear to have a deal on a $15 billion package to support the auto industry, but it must still win the critical support of Senate Republicans to become law.  —  “Bipartisan hard work has paid off and I understand …
Dee Dee Myers / Vanity Fair:
Favreau's Sexist Photo Is No Laughing Matter  —  Oh, what to do.  An incredibly talented young aide, to an impossibly idealistic new president, gets caught doing something indefensibly stupid and undeniably sexist.  Everyone is uncomfortable.  But should anyone be held accountable?  Apparently not.
 
 
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 More Items: 
Felix Salmon / Portfolio:
In Defense of the CDS Market
Discussion: EconLog and naked capitalism
Pat Doyle / Minneapolis Star Tribune:
Senate recount: State law is clear on challenged ballots, except in the details
Discussion: The Raw Story and TIME.com
Bloomberg:
Worst Spending Slump Since 1942 Extends ‘Scary’ U.S. Recession
Thomas L. Friedman / New York Times:
While Detroit Slept
Discussion: The New Republic and The Agonist
Ken Whitehouse / Nashville Post:
Tennessee moves closer to executing first woman
Mark Landler / New York Times:
Dire Forecast for Global Economy and Trade
Discussion: danieldrezner.com
 Earlier Items: 
Joel Sherman / New York Post:
CC SABATHIA PICKS YANKEES
James Hamilton / Econbrowser:
Predicting the trough and a jobless recovery
Discussion: Capital Commerce
John Bresnahan / The Politico:
Ethics committee expands Rangel probe
Discussion: TIME.com and Betsy's Page
Christopher Drew / New York Times:
A Fighter Jet's Fate Poses a Quandary for Obama