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10:55 AM ET, July 4, 2010

memeorandum

 Top Items: 
David Kocieniewski / New York Times:
Oil Companies Reap Billions From Subsidies  —  When the Deepwater Horizon drilling platform set off the worst oil spill at sea in American history, it was flying the flag of the Marshall Islands.  Registering there allowed the rig's owner to significantly reduce its American taxes.
Timothy R. Homan / Bloomberg:
Republican Steele's Afghanistan Remarks Praised by Ron Paul  —  Republican National Committee Chairman Michael Steele, whose remarks suggesting the U.S. will lose the war in Afghanistan have prompted some Republicans to demand his resignation, won praise from Representative Ron Paul.
Discussion: Daily Kos
RELATED:
Walter Alarkon / The Hill:
Rep. Cole, former NRCC chairman, calls for Steele to step down  —  Rep. Tom Cole, a former chairman of the National Republican Congressional Committee, became the first GOP lawmaker to call on Republican National Committee Chairman Michael Steele to resign because of his comments questioning the Afghanistan war.
Glenn Harlan Reynolds / Washington Examiner:
By: Glenn Harlan Reynolds: SCOTUS ruling shows how far gun rights have come  —  Topping last week's legal stories was the Supreme Court's decision in McDonald v. Chicago, holding that the Second Amendment — which the Supreme Court just two years ago interpreted to protect an individual right to own a gun …
Discussion: Power Line
Jonathan Martin / The Politico:
Dems' message: All about the gaffes  —  The dust-up this week between President Barack Obama and House Minority Leader John Boehner (R-Ohio), ostensibly about Wall Street regulation, revealed more about the two parties' midterm campaign strategies than anything else.
Discussion: CNN
Myglesias / Matthew Yglesias:
The Trouble With Deflation  —  Daniel Gross says maybe a little deflation wouldn't be so bad: … I have two objections to this.  One is that while three percent growth would be a fine amount of growth for a developed economy under most conditions, a developed economy pulling out of a recession …
The Politico:
Dems in a jam as economy slows  —  President Barack Obama and the Democrats head into the summer campaign season with the economy slowing, unemployment flirting with double-digits - and few options for a quick fix.  —  Obama's economic stimulus plan is winding down, right when Democrats need it most.
Discussion: Pat Dollard and Daily Pundit
Dan Metcalf Jr / KTVX-TV:
Utah radio station dumps Sean Hannity … SALT LAKE CITY (ABC 4 News) - KSL Radio announced that they will no longer air Sean Hannity's syndicated national talk show.  —  The last KSL broadcast of the Sean Hannity show will air on October 1, 2010.  —  The announcement comes after speculation …
Washington Post:
A better welcome for our nation's immigrants  —  On our national birthday, and amid an angry debate about immigration, Americans should reflect on the lessons of our shared immigrant past.  We must recall that the challenges facing our nation today were felt as far back as the Founders' time.
Roberta Rampton / Reuters:
U.S. spill panel to hold public meeting July 12-13  —  (Reuters) - A U.S. presidential panel to probe the cause of the massive oil spill in the Gulf of Mexico and recommend new rules to prevent future disasters will hold its first public meeting in New Orleans on July 12 and 13, its co-chairs said on Saturday.
Los Angeles Times:
Gulf oil spill likely to reach Florida Keys, Miami, report says  —  Those shorelines will probably see tar balls in the months ahead, NOAA finds.  Also, skimming boats prepare to go back to work, and efforts to help turtles and migrating birds are announced.  —  Controlled burns are conducted in the Gulf of Mexico on June 19.
The Politico:
NRA on firing line over Reid  —  The National Rifle Association is in unfamiliar terrain on the conservative firing range this election year: It's the target.  —  The conservative Netroots are abuzz over the possibility that the NRA may endorse Senate Majority Leader Harry Reid (D-Nev.).
Discussion: Daily Kos
 
 
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 More Items: 
Anne Gearan / Associated Press:
Gates wants military interviews with press cleared
Discussion: Don Surber and Riehl World View
John Nolte / Big Hollywood:
‘South of the Border’ Confirms Oliver Stone Is a Right-Wing Plant
Discussion: Mediaite
Myglesias / Matthew Yglesias:
Impossible Immigration Swap
The Fix:
West Va. Secretary of State pushes for Senate special election change
Discussion: SENATUS
 Earlier Items: 
Howie Klein / Crooks and Liars:
Live Chat: Blue America Welcomes State Senator Jim Wilson (D-OK)
Discussion: Hullabaloo
Associated Press:
Congo: UN says at least 220 dead in oil explosion
Rob Hughes / New York Times:
An Apology to Maradona, a Rollicking Genius
Discussion: Balloon Juice and The New Republic
 

 
From Mediagazer:

Ashley Carman / Bloomberg:
Spotify reports Q1 revenue up 20% YoY to €3.6B, MAUs up 19% YoY to 615M, below 617.9M est., subscribers up 14% YoY to 239M, and a €168M operating income

Chris Morris / Fortune:
Taylor Swift's new album smashed streaming records; Spotify says it had 300M+ streams on launch day and became 2024's most-streamed album within just 12 hours

Sara Fischer / Axios:
Puck hires veteran journalist and TV commentator John Heilemann as its chief political columnist and partner, as the outlet expands its presence in Washington

 
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