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10:40 AM ET, December 7, 2010

memeorandum

 Top Items: 
Ezra Klein:
An imperfect, but not-that-bad, deal on the tax cuts  —  The White House and the Republicans are pretty close to a final deal on the Bush tax cuts.  Here are the specifics, though it's worth saying that as near as this is to completion, it's still not done, and so it could change:
RELATED:
New York Times:
Tax Deal Suggests New Path for Obama  —  WASHINGTON — President Obama announced a tentative deal with Congressional Republicans on Monday to extend the Bush-era tax cuts at all income levels for two years as part of a package that would also keep benefits flowing to the long-term unemployed …
Jennifer Rubin / Right Turn:
Obama sells out the left: a Republican win on taxes  —  There really is no other way to say it: the Republicans won, the liberal Democrats lost, and the president sided with the Republicans.  The subject, of course, is an agreement to extend all the Bust tax cuts.
Ezra Klein:
Wonkbook: Everything you need to know about the Bush tax cut deal  —  I'll admit it: I didn't think they had it in them.  A temporary extension of the Bush tax cuts?  Sure, they could manage that.  Fear is a powerful motivator in Washington, and nothing scares politicians like the threat of a tax hike on their constituents.
Joe Biden / Washington Post:
Obama: On the way to a failed presidency?  —  Ronald Reagan famously quipped that the Democratic Party left him before he left the party.  Like many progressive supporters of Barack Obama, I'm beginning to have the same feeling about this president.  —  Consider what we've seen since …
Discussion: The New Republic
Jake Tapper / Political Punch:
Senior White House Official: ‘We Wanted a Fight,’ too.  Congressional Dems 'Wouldn't Throw a Punch'  —  Vice President Biden heads to Capitol Hill today to lobby Senate Democrats to support the tax cut compromise, as President Obama faces criticism from congressional Democrats …
Discussion: Ezra Klein and The White House
Shailagh Murray / Washington Post:
Tax-cut deal reached between Obama, Republicans  —  President Obama and congressional Republicans agreed Monday to a tentative deal that would extend for two years all the Bush-era income tax breaks set to expire on Dec. 31, continue unemployment benefits for an additional 13 months …
The Politico:
Liberal Dems to Obama: fight harder  —  Resentments between President Barack Obama and congressional Democrats that began simmering even before their midterm disaster are nearing the boiling point on Capitol Hill, as liberals make clear that Obama's efforts to strike a lame-duck deal …
Paul Krugman:
The Deal  —  So the tax deal is out.  Obama extracted some concessions, with the big surprise being a payroll tax cut.  How much better do these concessions make the thing?  —  Well, for starters we have the two-year extension of the Bush tax cuts.  As I pointed out yesterday …
Peter Baker / New York Times:
In Tax Deal With G.O.P., a Portent for the Next 2 Years  —  WASHINGTON — For President Obama, this is what bipartisanship looks like in the new era: messy, combustible and painful, brought on under the threat of even more unpalatable consequences and yet still deferring the ultimate resolution for another day.
Sam Youngman / The Hill:
Left sees tax surrender, says Obama reelection bid now crippled
Scott Wilson / Washington Post:
Obama's tax cut extension part of strategy to show bipartisanship
Pat Garofalo / ThinkProgress:
Obama Agrees To Extend All Bush Tax Cuts And Cut Estate Tax In Deal With Republicans
BBC:
Wikileaks founder Julian Assange arrested in London  —  Julian Assange denies sexually assaulting the two women  —  The founder of the whistle-blowing website Wikileaks, Julian Assange, has been arrested by police in London.  —  The 39-year-old Australian, who was the subject of a European arrest warrant …
RELATED:
New York Times:
Britain Arrests WikiLeaks Founder in Sex Inquiry  —  LONDON — Police in Britain arrested Julian Assange on Tuesday on a warrant issued in Sweden in connection with alleged sex offenses, British police officials said, the latest twist in the drama swirling around the anti-secrecy group and its beleaguered founder.
Richard Pendlebury / Daily Mail:
The Wikileaks sex files: How two one-night stands sparked a worldwide hunt for Julian Assange  —  A winter morning in backwoods Scandinavia and the chime of a church bell drifts across the snowbound town of Enkoping.  Does it also toll for WikiLeaks founder Julian Assange?
Matthew Weaver / Guardian:
Julian Assange remanded in custody
Richard Edwards / Telegraph:
WikiLeaks founder Julian Assange arrested by Scotland Yard
Discussion: National Review
Robert Booth / Guardian:
WikiLeaks to keep releasing cables despite Assange arrest
Sky News:
WikiLeaks Boss Assange Arrested In UK
Associated Press:
Elizabeth Edwards gravely ill with cancer  —  WASHINGTON (AP) — Elizabeth Edwards over the past six years has seen her husband's presidential ambitions thwarted, retreated from public life as their marriage disintegrated over his affair, then emerged to advocate for changes …
RELATED:
CBS News:   Elizabeth Edwards Living End of Life “Her Way”
Wall Street Journal:
U.S. Unloads Citi Stake for a $12 Billion Profit  —  The U.S. Treasury sold the last of its Citigroup Inc. common shares in a $10.5 billion offering that capped the government's biggest bank bailout of the financial-market meltdown.  —  The stock sale, which was finalized Monday evening …
Discussion: msnbc.com and Taegan Goddard's …
Condoleezza Rice / Wall Street Journal:
New Start: Ratify, With Caveats  —  The treaty helpfully reinstates on-site verification of Russian nuclear forces, but senators should make it clear to Moscow that they don't see it as limiting U.S. missile defenses.  —  When U.S. President Bush and Russian President Putin signed the Moscow Treaty in 2002 …
Discussion: ThinkProgress
Drudge Report:
BIG SIS INVADES WAL-MART: ‘IF YOU SEE SOMETHING, SAY SOMETHING’  —  WASHINGTON — Department of Homeland Security (DHS) Secretary Janet Napolitano today announced the expansion of the Department's national “If You See Something, Say Something” campaign to hundreds of Walmart stores across the country …
Cubachi:
Jimmy Carter: Those Congressional Republicans are ‘completely irresponsible’  —  One of the worst presidents ever in the United States proclaims congressional republicans to be irresponsible and hyperpartisan.  —  Uh huh.  —  Carter proclaims that during his presidency, republicans worked across the aisle with him on issues.
Discussion: Liberty Pundits Blog
The Star-Ledger Editorial Page:
Christie's bully act getting old  —  Two years ago, when Chris Christie announced he was running for governor, he dismissed questions about his days as the Godzilla freeholder — when he breathed fire on almost every issue, insulted Morris County colleagues and needlessly stomped on countless toes.
Jonathan Allen / The Politico:
Maxine Waters wants House to scope Ethics panel  —  Rep. Maxine Waters will try to turn the tables on the Ethics Committee Tuesday by calling on the House to launch an investigation into the panel's suspension of two staff lawyers, including the lead attorney in the pending case against the California Democrat.
Discussion: CNN
Ben Armbruster / ThinkProgress:
TX GOP Official Opposes Jewish House Speaker: Christians ‘Are The People That Do The Best Jobs’  —  Last month, several Tea Party activists formed a right-wing coalition to oust Rep. Joe Straus (R) as Texas House Speaker.  They began circulating emails with anti-Semitic messages against Straus, who is Jewish.
Sarah Palin / Facebook:
Bailouts Reward Bad Behavior  —  Do insolvent states actually believe other states should bail them out?  In June 2009, I was invited to introduce Michael Reagan at an event in Anchorage.  In my remarks as Governor of Alaska, I warned against President Obama's debt-ridden stimulus bill and its effect on all our state budgets.
Adam Serwer / American Prospect:
Taibbi On The Prospect.  —  Matt Taibbi explains Matt Bai by...taking a shot at The Prospect? … Yeah, in Taibbi's world, the best way to get your hand on some of that Bob Rubin $$$ is to get a job at a magazine founded by someone who has basically declared himself to be a mortal enemy of Bob Rubin.
Discussion: Yglesias and Rolling Stone
 
 
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 More Items: 
Jeanne Cummings / The Politico:
Angry member groups shun Chamber
James White / Daily Mail:
‘Frankenbombers’: Al Qaeda hatches plot to implant explosives into suicide bombers
Discussion: Weasel Zippers and Jihad Watch
Sam Dillon / New York Times:
Top Test Scores From Shanghai Stun Educators
Jennifer Haberkorn / The Politico:
Deal reached to fix Medicare doc pay
BBC:
Iran nuclear talks: New round agreed in Geneva
Discussion: Online NewsHour and The Page
Shane D'Aprile / Ballot Box:
Failed GOP candidates become 2012 gatekeepers in Iowa, New Hampshire
Julian Assange / TheAustralian:
Don't shoot messenger for revealing uncomfortable truths
Stephen Dinan / Washington Times:
Obama muffed U.S. motto
 Earlier Items: 
William Yong / New York Times:
Iran's Divorce Rate Stirs Fears of Society in Crisis
Discussion: National Review
New York Times:
U.S. Strains to Stop Arms Flow
Discussion: Elder of Ziyon
Jerry Seper / Washington Times:
Panel finds Justice reluctant to take cases of white victims
Spencer Ackerman / Danger Room:
Afghans Fume as Petraeus Ramps Up Air War
Discussion: Politics Daily
Alan Cowell / New York Times:
19 Countries to Miss Nobel Peace Prize Ceremony
Discussion: Commentary
Mary C. Curtis / Politics Daily:
Obama Calls for a New ‘Sputnik Moment’ for America
Discussion: The Page
Ambrose Evans-Pritchard / Telegraph:
China's credit bubble on borrowed time as inflation bites
 

 
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Thomas Barrabi / New York Post:
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Bill Toulas / BleepingComputer:
Europol and 19 countries make 37 arrests and disrupt phishing-as-a-service platform LabHost in a year-long operation with help from Microsoft, Intel, and others

Sheila Chiang / CNBC:
TSMC reports Q1 revenue up 16.5% YoY to ~$18.87B, vs. ~$18B est., net income up 8.9% YoY to ~$6.97B, vs. ~$6.6B est., and expects strong AI chip demand in Q2

 
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