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10:25 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 …
Steve Benen / Washington Monthly:
‘THE PARTY OF HERBERT HOOVER’.... On Wednesday, Dick Cheney met with Senate Republicans and emphasized the importance of keeping the American automotive industry afloat.  “If we don't do this, we will be known as the party of Herbert Hoover forever,” the vice president said.
Pan Pylas / Associated Press:
World markets plunge as US auto bailout fails  —  LONDON - World stock markets plunged Friday as the U.S. Senate's rejection of a $14 billion deal to rescue Detroit's ailing automakers stoked concerns that the recession in the world's largest economy will be even longer and deeper than projected.
Discussion: The RBC
CNN:
Auto bailout bill dies in Senate
Discussion: the talking dog
RELATED:
The Politico:
Obama damage control  —  He was elected president on a promise of “transparency” but barely five weeks later, Barack Obama is scrambling to meet his first big test on openness.  —  Obama's campaign lawyer Bob Bauer is taking a leading role in conducting what one top aide described as …
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.
Carrie Budoff Brown / The Politico:
Rendell slams Obama over Blago  —  Pennsylvania Gov. Ed Rendell today criticized Barack Obama for not being more upfront about the Illinois corruption scandal.  —  Now, he said, the story will continue to dominate the media's attention.  —  “They have never been in an executive position before …
Discussion: The Swamp and Political Machine
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 …
Discussion: Instapundit
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 …
Reuters:
Bernard Madoff arrested over alleged $50 billion fraud  —  NEW YORK (Reuters) - Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged on Thursday with allegedly running a $50 billion “Ponzi scheme” in what may rank among the biggest fraud cases ever.
Discussion: Donklephant
RELATED:
Chicago Sun Times:
What's next for Jesse Jackson Jr.?
Discussion: TIME.com and On Deadline
Charles Krauthammer / Washington Post:
The Real Obama  —  Barack Obama has garnered praise from center to right — and has highly irritated the left — with the centrism of his major appointments.  Because Obama's own beliefs remain largely opaque, his appointments have led to the conclusion that he intends to govern from the center.
Discussion: Swampland, Soccer Dad and Betsy's Page
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 …
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: Donklephant and marbury
RELATED:
Adam Nagourney / The Caucus:
From Obama Camp, a What If?  —  CAMBRIDGE, Mass. …
Discussion: TIME.com
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: Balkinization
RELATED:
Scott Horton / Harper's:
Politics and the Federal Prosecutor  —  The criminal complaint filed against Illinois Governor Ron Blagojevich is getting ample attention on a number of fronts.  The political entertainment value of the materials filed with the indictment, particularly including the transcripts of some internal conversations, is hard to beat.
Chicago Tribune:
Sam Zell's financial adviser at Tribune Co. was middleman sought by Blagojevich  —  Governor sought to withhold Wrigley Field funds unless Chicago Tribune fired editorial writers critical of him, complaint says  —  As Tribune Co. acknowledged Thursday that it received a federal subpoena …
 
 
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 More Items: 
Andrew Malcolm / Top of the Ticket:
McCain on Blagojevich: A rare combination of stupid and nuts
Discussion: TIME.com
Mary Beth Sheridan / Washington Post:
Inaugural Rules Bar Overnight Camping
 Earlier Items: 
Jonathan Stempel / Reuters:
Jim Rogers calls most big U.S. banks “bankrupt”
Tom Coghlan / Times of London:
Taleban tax: allied supply convoys pay their enemies for safe passage
Discussion: Don Surber
Tom Lasseter / McClatchy Washington Bureau:
U.S. keeps silent as Afghan ally removes war crime evidence
Discussion: Taylor Marsh
 

 
From Mediagazer:

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

Nicola Agius / Search Engine Land:
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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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