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6:00 AM ET, December 12, 2008

memeorandum

 Top Items: 
Associated Press:
$14B auto bailout dies in Senate  —  WASHINGTON - A bailout-weary Congress killed a $14 billion package to aid struggling U.S. automakers Thursday night after a partisan dispute over union wage cuts derailed a last-ditch effort to revive the emergency aid before year's end.
RELATED:
Wall Street Journal:
Rescue Bid for Detroit Collapses in Senate  —  WASHINGTON — A frantic, last-ditch attempt to forge a relief package for the auto industry collapsed in the U.S. Senate, dealing a giant blow to the immediate hopes of the Big Three.  —  Senate Majority Leader Harry Reid of Nevada suggested …
David M. Herszenhorn / New York Times:
Senate Abandons Automaker Bailout Bid  —  WASHINGTON — The Senate on Thursday night abandoned efforts to fashion a government rescue of the American automobile industry, as Senate Republicans refused to support a bill endorsed by the White House and Congressional Democrats.
Elizabeth Kolbert In / New Yorker:
NOTE TO DETROIT: CONSIDER THE REFRIGERATOR  —  This past summer, Steven Chu, the Nobel Prize-winning physicist who currently heads Lawrence Berkeley National Laboratory—and who has been tapped to be the next Secretary of Energy—delivered a talk on climate change and how to combat it.
Discussion: Talking Points Memo
New York Times:
Auto Suppliers Share Anxiety Over a Bailout  —  DETROIT — With Congress failing to agree on a bailout for Detroit, the odds that General Motors and Chrysler will be insolvent by year's end are growing rapidly.  —  The companies have been warning that they would run out of money for some time …
Discussion: Salon and naked capitalism
CNN:   Auto bailout bill dies in Senate
Sarah Binder / The Monkey Cage:
Car Talk  —  Gentlemen [sic], start your engines!
Discussion: Robert Reich's Blog
Michelle Malkin:
Late-night shenanigans on the Hill: UAW bailout watch; Update …
Chicago Sun Times:
Obama chief of staff Rahm Emanuel ducks reporters' questions  —  President-elect Barack Obama's chief of staff, Rahm Emanuel, refused to take questions from reporters this morning about whether he was the Obama “advisor” named in the criminal complaint against Gov. Rod Blagojevich.
RELATED:
New York Times:
Obama to Detail Any Staff Talks on Senate Seat  —  CHICAGO — President-elect Barack Obama pledged Thursday to disclose any interaction between his transition team and the office of besieged Gov. Rod R. Blagojevich of Illinois, while declaring again that he and his staff had no involvement …
Katharine Q. Seelye / The Caucus:
The Obama Press Conference
Discussion: Althouse, NY Daily News and Spin Cycle
New York Times:
Report Blames Rumsfeld for Detainee Abuses  —  WASHINGTON — A report released Thursday by leaders of the Senate Armed Services Committee said top Bush administration officials, including Donald H. Rumsfeld, the former defense secretary, bore major responsibility for the abuses committed …
Discussion: The Raw Story and Truthdig
RELATED:
Ben Smith / Ben Smith's Blogs:
McCain pollster: Wright wouldn't have worked  —  John McCain's top pollster, Bill McInturff, said this evening that attacking Barack Obama over his relationship with Rev. Jeremiah Wright would not have helped McCain's campaign and could have destroyed his presidency, had he been elected.
Discussion: marbury
RELATED:
Adam Nagourney / The Caucus:
From Obama Camp, a What If?  —  CAMBRIDGE, Mass. …
Discussion: TIME.com
Portfolio:   David Plouffe  —  If he were less shy and had a funny accent …
Bloomberg:
Madoff Charged in $50 Billion Fraud at Advisory Firm  —  A A A  —  Dec. 11 (Bloomberg) — Bernard Madoff, founder and president of a New York firm that invested funds for wealthy individuals, hedge funds and other institutions, was charged with operating what he told employees …
RELATED:
New York Times:
Prominent Trader Accused of Defrauding Clients  —  On Wall Street, his name is legendary.  With money he had made as a lifeguard on the beaches of Long Island, he built a trading powerhouse that had prospered for more than four decades.  At age 70, he had become an influential spokesman …
Discussion: The RBC and Balloon Juice
CNN:
Powell: GOP ‘polarization’ backfired in election  —  (CNN) — The Republican party must stop “shouting at the world” and start listening to minority groups if it is to win elections in the 21st century, former Secretary of State Colin Powell said Thursday.  —  In an interview with CNN's Fareed Zakaria …
Paul Krugman:
Nosedive  —  Another day, another terrifying economic report, this time on unemployment claims.  —  So are we now losing jobs at the rate of 600,000 a month?  700,000?  If fiscal expansion takes, say, 8 months to kick in (and that's optimistic), where will that leave us?
Steve Benen / Washington Monthly:
DEMINT WARNS OF BAILOUT ‘RIOTS’.... In general, those who warn of dire consequences for the automotive industry tend to support a rescue package.  As the argument goes, the auto manufacturers are the backbone of U.S. manufacturing, and the collapse of the industry could have devastating ripple effects in the midst of a financial crisis.
RELATED:
TwinCities.com:
In Senate recount, wrongly rejected votes seem more numerous than first thought  —  At least 358 Minnesotans did everything right on their absentee ballots — they sent them in on time, signed them where they should have and were properly registered — but their votes were not counted.
Tom Lasseter / McClatchy Washington Bureau:
U.S. keeps silent as Afghan ally removes war crime evidence  —  DASHT-E LEILI, Afghanistan — Seven years ago, a convoy of container trucks rumbled across northern Afghanistan loaded with a human cargo of suspected Taliban and al Qaida members who'd surrendered to Gen. Abdul Rashid Dostum …
Discussion: Taylor Marsh
 
 
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 More Items: 
Tom Coghlan / Times of London:
Taleban tax: allied supply convoys pay their enemies for safe passage
Discussion: Don Surber and FP Passport
Rep. Barney Frank / The Huffington Post:
Wall Street Journal Editorial Board Does It Again
Kate Pickert / Time:
Glenn Beck  —  Glenn Beck is not known for his compassion.
Discussion: Whiskey Fire and TVNewser
 Earlier Items: 
SteveK / TVNewser:
Breaking: “Hannity” To Premiere January 12
Jad Mouawad / New York Times:
Oil Demand Down; 1st Time Since '83
Discussion: Newshoggers.com and On Deadline
Andrea James / Seattle Post-Intelligencer:
Starbucks won't slug it out in ad wars
Charles Lane / Washington Post:
The Unreal Bill Ayers
Domenico Montanaro / MSNBC:
FIRST THOUGHTS: NO ORDINARY HONEYMOON
 

 
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

Ashley Carman / Bloomberg:
How MowPod, which sells podcast advertising tools, uses mobile game ads to incentivize gamers to follow shows on Apple Podcasts in order to earn in-game tokens

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

 
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