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12:50 PM ET, January 5, 2009

memeorandum

 Top Items: 
William Kristol / New York Times:
Why Israel Fights  —  The Israeli assault on Hamas in Gaza is going to be a replay, we're told, of the attempt to subdue Hezbollah in southern Lebanon in the summer of 2006.  And the outcome, it's asserted, will be the same: lots of death and destruction, no strategic victory for Israel …
RELATED:
John R. Bolton / Washington Post:
The Three-State Option  —  War in the Gaza Strip demonstrates yet again that the current governance paradigm for the Palestinian people has failed.  Terrorists financed and supplied by Iran control Gaza; the Palestinian Authority is broken, probably irretrievably; and economic development is stalled in Gaza and the West Bank.
Fares Akram / The Independent:
Gaza: The death and life of my father
Discussion: Mondoweiss
Michael Lerner / Times of London:
It breaks my heart to see Israel's stupidity
Max Boot / Wall Street Journal:
Israel's Tragic Gaza Dilemma
Discussion: Commentary
Paul Krugman / New York Times:
Fighting Off Depression  —  “If we don't act swiftly and boldly,” declared President-elect Barack Obama in his latest weekly address, “we could see a much deeper economic downturn that could lead to double-digit unemployment.”  If you ask me, he was understating the case.
RELATED:
Paul Krugman:
Is Obama relying too much on tax cuts?  —  I don't know yet.  But news reports this morning certainly raise questions.  —  Let's lay out the basics here.  Other things equal, public investment is a much better way to provide economic stimulus than tax cuts, for two reasons.
Wall Street Journal:
Funny Business in Minnesota  —  In which every dubious ruling seems to help Al Franken.  —  Strange things keep happening in Minnesota, where the disputed recount in the Senate race between Norm Coleman and Al Franken may be nearing a dubious outcome.  Thanks to the machinations …
RELATED:
Amy Forliti / Associated Press:
Minnesota canvassing board expected to say that Democrat Al Franken is winner in Senate race  —  MINNEAPOLIS - The state Canvassing Board was posed to certify the results of the recount in Minnesota's grueling Senate election in Al Franken's favor — but that doesn't mean the race is definitely over.
Marc Ambinder:
Top Of The Morning  —  Countercyclical spending: Obama plans payroll tax relief for those receiving the earned income tax credit — that's a direct stimulus jolt for lower middle class Americans.  A second part would give cash to struggling businesses by allowing them to write off …
RELATED:
Jonathan Martin / The Politico:
Team pressed Richardson, got nothing
New York Times:
Restore the Senate's Treaty Power  —  THE Constitution's Treaty Clause has long been seen, rightly, as a bulwark against presidential inclinations to lock the United States into unwise foreign commitments.  The clause will likely be tested by Barack Obama's administration …
Right Wing News:
The 7th Annual “20 Most Annoying Liberals Of 2008”  —  Honorable Mentions: Bill Ayers, Jimmy Carter, Bill Clinton, Juan Cole, Kent Conrad, The Daily Kos, Bill Delahunt, Glenn Greenwald, Alcee Hastings, Christopher Hitchens, The Huffington Post, Jesse Jackson, Jesse Jackson Jr. Caroline Kennedy …
Discussion: Newshoggers.com
Foon Rhee / Boston Globe:
Kagan nominated for solicitor general  —  Elena Kagan, Harvard law school's dean, will be the new solicitor general, President-elect Barack Obama's transition office announced.  —  She will be Obama's voice at the US Supreme Court, and she has been considered a potential Democratic appointee to the Court itself.
RELATED:
Tim Fernholz / American Prospect:
TRANSITION TO JUSTICE.  —  The latest news from the Transition Office …
Discussion: Ben Smith's Blogs
Maria Recio / McClatchy Washington Bureau:
Bush first ex-prez to face limit on Secret Service protection  —  WASHINGTON — President George W. Bush's “after-life,” as Laura Bush calls the post-presidency, is shaping up to be pretty comfortable, with a Dallas office, staffers, Secret Service protection, a travel budget …
Richard Pérez-Peña / New York Times:
The Times to Sell Display Ads on the Front Page  —  In its latest concession to the worst revenue slide since the Depression, The New York Times has begun selling display advertising on its front page, a step that has become increasingly common across the newspaper industry.
Howard Kurtz / Washington Post:
Washington Post's Managing Editor to Step Down  —  Philip Bennett, The Washington Post's managing editor, said today he is stepping down after four years as the paper's second-ranking news executive.  —  Bennett, 49, said he had “a feeling that I'd been running for a long time as fast as I could go …
Discussion: FishBowlDC
Kathryn Jean Lopez / The Corner:
‘Like Son Jeb as President’  —  Former President Bush (there's currently only one of those!) has endorsed his other governor-son for president.  As we await David Paterson's Caroline Kennedy Senate appointment, I have to think that Jeb for President is not the craziest idea.
George Selgin / Wall Street Journal:
Argentina Is Short of Cash - Literally  —  Spare some change?  —  Suppose you want to ride the bus or feed a parking meter without exact change.  Or suppose you just want to drop a few cents in a street musician's hat.  Nothing easier, right?  Not if you live in Argentina.
Discussion: Reason and LewRockwell.com Blog
Charles V. Bagli / New York Times:
As Vacant Office Space Grows, So Does Lenders' Crisis  —  Vacancy rates in office buildings exceed 10 percent in virtually every major city in the country and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for troubled lenders.
Debora Spar / Washington Post:
One Gender's Crash  —  Let me begin with the caveats: I like men.  My husband is one, as are my two sons.  I have spent most of my career surrounded by men, and I have no major complaints.  But as the financial debacle unfolds, I can't help noticing that all the perpetrators …
Howard Kurtz / Washington Post:
Fox Business's ‘Bell’ Sounds A New Start For Liz Claman  —  NEW YORK — When Liz Claman made the jump from local television to business news a decade ago, she had never heard of Warren Buffett.  —  Last month, the Fox Business Network anchor aired an hour-long special with the legendary investor …
Discussion: The New Republic
Pajamas Media:
Some Differences Between Hamas and the Nazi Party  —  I find the current situation deeply sorrowful, harrowing.  There is one aspect of it that I think needs clarification, a clarification that will help thinking about the situation as a whole, and that is the analogies between Hitler, the Nazis and Hamas.
Chicago Breaking News:
U.S. granted more time to indict Blagojevich  —  Federal prosecutors have been granted an extra three months to seek an indictment of Gov. Rod Blagojevich.  U.S. Chief District Court Judge James Holderman entered an order allowing the indictment deadline to be extended from Jan. 7 to April 7 …
Discussion: TIME.com
Willem Buiter's Maverecon:
Can the US economy afford a Keynesian stimulus?  —  Economic policy is based on a collection of half-truths.  The nature of these half-truths changes occasionally.  Economics as a scholarly discipline consists in the periodic rediscovery and refinement of old half-truths.
Kara Scannell / Wall Street Journal:
Madoff Chasers Dug for Years, to No Avail  —  Regulators Probed at Least 8 Times Over 16 Years; Congress Starts Review of SEC Today  —  Bernard L. Madoff Investment Securities LLC was examined at least eight times in 16 years by the Securities and Exchange Commission and other regulators, who often came armed with suspicions.
Debbi Wilgoren / Washington Post:
Obama Girls Start School at Sidwell  —  It remains awfully difficult to catch a glimpse of First Kids-to-Be Malia and Sasha Obama, but at least we can say for certain where they are this morning: getting to know their new classmates at the Sidwell Friends campuses in upper Northwest Washington and Bethesda.
Discussion: TIME.com
 
 
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 More Items: 
David J. Lynch / USA Today:
Investors dump $89B in U.S. securities in historic fire sale
Tom C. Korologos / Washington Post:
Obama Nominees, Take Note
Alice Xin Liu / Danwei:
Google, Baidu, Sina, QQ “vulgar and unhealthy”
Discussion: RConversation
Andrew Taylor / Associated Press:
Analysis: Can Uncle Sam spend cash fast enough?
Discussion: The Politico and Sweetness & Light
Yitzhak Benhorin / Ynetnews:
1,000 people pray for Israel in Harlem
Discussion: JOSHUAPUNDIT
David Kahane / National Review:
Life in the Clown-Car Fast Lane
Discussion: Commentary
 Earlier Items: 
CNN:
Top Hamas official defiant over rocket strikes
Discussion: The Reaction and Yourish.com
Donald R. Winslow / nppa.org:
Pete Souza Named Obama's White House Photographer
Robert J. Samuelson / Washington Post:
The Limits Of Pump Priming
Discussion: Concurring Opinions
Alexander Burns / The Politico:
Frist out of 2010 race  —  Former Senate Majority Leader Bill Frist …
Discussion: Scorecard's Blogs
Rudy Giuliani / CNN:
Giuliani: What New York needs in a senator