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10:50 AM ET, March 2, 2009

memeorandum

 Top Items: 
New York Times:
A.I.G. Reports $61.7 Billion Loss as U.S. Gives More Aid  —  The federal government agreed Monday morning to provide an additional $30 billion in taxpayer money to the American International Group and loosen the terms of its huge loan to the insurer, even as the insurance giant reported a$61.7 billion loss …
RELATED:
New York Times:
U.S. Is Said to Offer Another $30 Billion in Funds to A.I.G.  —  The federal government agreed Sunday night to provide an additional $30 billion in taxpayer money to the American International Group and loosen the terms of its huge loan to the insurer, which is preparing to report a $62 billion loss …
Brady Dennis / Washington Post:
AIG Receives Up to $30 Billion in New Bailout Funds  —  Insurer Also Reports Record Loss of $61.7B  —  American International Group will gain access to $30 billion more in taxpayer money as part of another restructuring of its federal bailout, the company announced this morning.
Discussion: MSNBC
Peter Hamby / CNN:
Emanuel says Limbaugh GOP leader, Cantor rejects ‘fail’ remark  —  WASHINGTON (CNN) — White House chief of staff Rahm Emanuel said Sunday that Rush Limbaugh is the face of the GOP.  —  “He is the voice and the intellectual force and energy behind the Republican party …
RELATED:
Monica Davey / New York Times:
A Line Forms to Succeed Burris  —  CHICAGO — As Roland W. Burris, the junior senator from Illinois, took his first turn presiding over the Senate last week, hired staff members to fill his Washington office and announced co-sponsorship of a measure commemorating the role of slaves in building the Capitol …
RELATED:
Chicago Breaking News:
Durbin: Race factored in Burris seating
Discussion: Progress Illinois and TIME.com
Maureen O'Donnell / Chicago Sun Times:
Pastors rally behind Burris
Howard Kurtz / Washington Post:
Covering Obama, Pushy Jake Tapper Presses His Points  —  One year after joining ABC News, Jake Tapper kept pushing his bosses — “annoyingly, irritatingly, incessantly,” he says — to let him cover the unfolding 2004 presidential campaign.  —  “I might not have been ready,” he admits now.
CNN:
Gates calls Pakistan ‘most worrisome’  —  WASHINGTON (CNN) — The “most worrisome” part of the U.S.-led war in Afghanistan has become the havens the Taliban and other insurgents have carved out in neighboring Pakistan, U.S. Defense Secretary Robert Gates said.
RELATED:
CNN:   Gates says Obama more ‘analytical’ than Bush
Paul Krugman / New York Times:
Revenge of the Glut  —  Remember the good old days, when we used to talk about the “subprime crisis” — and some even thought that this crisis could be “contained”?  Oh, the nostalgia!  —  Today we know that subprime lending was only a small fraction of the problem.
Roger Cohen / New York Times:
Iran, the Jews and Germany  —  So a Jerusalem Post article says that I'm “hardly the first American to be misled by the existence of synagogues in totalitarian countries.”  —  The Atlantic Monthly's Jeffrey Goldberg finds me “particularly credulous,” taken in by the Iranian hospitality and friendliness that …
Anne Bayefsky / Forbes:
The Obama Administration Double-Deals On Israel  —  Anti-Semitism, ‘Islamophobia,’ Durban II and the U.N.  —  Barack Obama just added double-dealing to his foreign policy repertoire.  On Friday, administration officials led many Jewish leaders to believe that the president had decided …
Michelle Singletary / Washington Post:
Hey, Bailout Snivelers: Hush.  You Don't Need It.  —  In his first address to a joint session of Congress, President Obama declared that he was going to “speak frankly and directly.”  —  That's what I want to do as well.  I want to speak frankly and directly to the many people who have written …
Discussion: NewsBusters.org and Cafe Hayek
David Charter / Times of London:
New ‘Iron Curtain’ will split EU's rich and poor  —  Eastern European countries gave an apocalyptic warning yesterday of hordes of unemployed workers heading west as a new Iron Curtain divides rich from poor inside Europe.  —  Twenty years after the fall of the Berlin Wall …
RELATED:
New York Times:
Growing Economic Crisis Threatens the Idea of One Europe
Jim McElhatton / Washington Times:
EXCLUSIVE: Sen. Hatch's secret drug firm links  —  Drugmaker money to Utah senator's charity escaped disclosure  —  The pharmaceutical industry that long has benefited from Sen. Orrin G. Hatch's legislative efforts has directed large sums of money to a charity he helped found …
Discussion: TPMMuckraker and The Raw Story
James Baker / Financial Times:
How Washington can prevent ‘zombie banks’  —  Beginning in 1990, Japan suffered a collapse in real estate and stock market prices that pushed major banks into insolvency.  Rather than follow America's tough recommendation - and close or recapitalise these banks - Japan took an easier approach.
Jen DiMascio / The Politico:
Obama faces test on gay military ban  —  It is precisely the sort of knife fight no president wants to get into, especially in his first 100 days.  But it seems that President Barack Obama is about to get dragged down the same dark alley as Bill Clinton when he was forced to confront …
Discussion: JustOneMinute
Washington Post:
Snow Blankets Washington Area  —  Region Braces for What Could Be Largest Winter Storm in Three Years  —  A significant winter storm shuttered schools, disrupted train and bus service and left thousands of people without power in the Washington area this morning, as hundreds of plows struggled …
David Cho / Washington Post:
The United Front of Geithner and Summers  —  The Obama administration's budget bears the hallmarks of a decade-old alliance that has quickly come to dominate the most pressing issues on the young administration's agenda.  —  Treasury Secretary Timothy F. Geithner and National Economic Council …
Confederate Yankee:
History Repeating  —  While the “tea party” protests against the new administration and spending-crazed Congress are certainly getting a lot of attention in the conservative blogosphere and in isolated news stories, I suspect these small, but growing nationwide protests are masking …
 
 
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 More Items: 
Mary Jordan / Washington Post:
As Italy's Banks Tighten Lending, Desperate Firms Call on the Mafia
Discussion: The Volokh Conspiracy and Reason
Jose Antonio Vargas / Washington Post:
Web-Savvy Obama Team Hits Unexpected Bumps
Brian Stelter / New York Times:
Copyright Holders Challenge Sites That Excerpt
Discussion: Green Sheet
Mike Allen / The Politico:
Budget gamble: Why Obama went big
Jonathan Martin / The Politico:
Huntsman takes aim at GOP
Discussion: The Daily Dish and The Note
John Harwood / New York Times:
Running on Risk, Then Sticking With It
Discussion: CBS News, Swampland and New York Times
 Earlier Items: 
Kriston Capps / DCist:
Science Club: Rick Wunderman
Discussion: Matthew Yglesias
Ben Smith / Ben Smith's Blogs:
Brownback backs Sebelius
Discussion: The Treatment and MyDD
Marc Fisher / Washington Post:
Bloggers Can't Fill the Gap Left by Shrinking Press Corps
Discussion: Greg's Opinion and BuzzMachine
Steven Greenhouse / New York Times:
In Obama, Labor Finds the Support It Expected
Discussion: MyDD and Kausfiles
 

 
From Mediagazer:

Lauren Feiner / The Verge:
President Biden signs the ByteDance-TikTok divest-or-ban bill into law, after the Senate passed it by 79-18; the House passed the legislation 360-58 on April 20

Manish Singh / TechCrunch:
Indian streaming service JioCinema launches an ad-free subscription plan with the lowest tier costing $0.35/month for a single device, undercutting rivals

Meta Investor Relations:
Meta reports Q1 revenue up 27% YoY to $36.46B, net income up 117% YoY to $12.37B, and family daily active people up 7% YoY to 3.24B for March 2024

 
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