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9:20 AM ET, August 5, 2011

memeorandum

 Top Items: 
Keith Laing / The Hill:
Reid announces deal to end FAA furloughs  —  The Senate will pass the House's bill to fund the Federal Aviation Administration through September to end the week-and-a-half-long partial shutdown of the agency, Senate Majority Leader Harry Reid (D-Nev.) announced Thursday.
RELATED:
ABCNEWS:
FAA Shutdown: Senate to Pass House Bill, End Shutdown  —  With a deal in place to end the Federal Aviation Administration's nearly two-week shutdown, relief is on the way for the more than 75,000 construction workers, engineers and safety inspectors who lost their paychecks when FAA funding expired July 23.
Edward Wyatt / New York Times:
F.A.A. Impasse That Hit 4,000 Ends, for Now
Discussion: Daily Kos
Jennifer Epstein / The Politico:
Inside Obama's 50th birthday party  —  Rapper Jay-Z, actor Tom Hanks and Secretary of State Hillary Clinton were among those who joined President Barack Obama's longtime friends to celebrate his 50th birthday with a barbeque bash at the White House.  —  After sending the White House press corps home early …
Discussion: Obama Foodorama and The Note
RELATED:
Allahpundit / Hot Air:
Jay Carney: “The White House doesn't create jobs”  —  Alternate headline: “Jay Carney helpfully provides GOP with new campaign slogan.” … I don't remember Gibbs being quite so eager to share credit with Congress when unemployment was ticking ever so slowly downward, which the White House …
New York Times:
Markets Fall as Global Worries Multiply  —  HONG KONG — Stock markets plunged in the Asia-Pacific region on Friday, following the sharp sell-off that had battered U.S. and European markets the previous day as investors' fears about European debt levels and U.S. growth prospects intensified.
RELATED:
Graham Bowley / New York Times:
Stocks Plunge on Fears of Global Turmoil
New York Times:
Disapproval Rate for Congress at Record 82% After Debt Talks  —  The debate over raising the debt ceiling, which brought the nation to the brink of default, has sent disapproval of Congress to its highest level on record and left most Americans saying that creating jobs should now take priority …
Floyd Norris / New York Times:
Time to Say It: Double Dip Recession May Be Happening  —  Double dip may be back.  —  It has been three decades since the United States suffered a recession that followed on the heels of the previous one.  But it could be happening again.  The unrelenting negative economic news of the past …
RELATED:
Paul Krugman / New York Times:
The Wrong Worries  —  In case you had any doubts, Thursday's more than 500-point plunge in the Dow Jones industrial average and the drop in interest rates to near-record lows confirmed it: The economy isn't recovering, and Washington has been worrying about the wrong things.
Discussion: Northern Reflections and Daily Kos
Christian Heinze / GOP 12:
Gingrich fatalistic on Ames straw poll  —  On Fox News last night, Newt Gingrich didn't sound particularly interested in results from next Saturday's straw poll in Ames, Iowa. … He also sort of dissed the Iowa GOP on the straw poll.
RELATED:
Wall Street Journal:   Behind a GOP Contender's Iowa Surge
Roger L Simon / Pajamas Media:
Dow Down 500: Should Obama Resign?  —  The worldwide market plunge since the signing of the U.S. debt agreement tells us one thing above all: Almost no one on the planet has confidence in the leadership of Barack Obama.  —  A CEO with such a disastrous first three years as our president …
Jonathan Chait / The New Republic:
What Caused The Deficit?  A Reply To Megan McArdle  —  One of the most effective Republican themes of the last two years has been blaming President Obama for the explosive growth in the budget deficit since 2009.  The accusation that “Obama's spending binge” has blown up the deficit …
Lucia Mutikani / Reuters:
July payrolls rise soothes recession fears  —  (Reuters) - U.S. job growth accelerated more than expected in July as private employers stepped up hiring, a development that eased fears the economy was sliding into a fresh recession.  —  Nonfarm payrolls increased 117,000 …
Shushannah Walshe / ABCNEWS:
$30 Million Pouring In to Influence Wisconsin Recall Elections  —  A voter in Glendale, Wis., casts a ballot in a Democratic primary on Thursday, July 12, 2011, as part of recall efforts against Republican state Sen. Alberta Darling.  Darling is one of six Republican state senators being targeted …
mdn.mainichi.jp:
Highest indoor radiation level detected at Fukushima Daiichi plant  —  TOKYO (Kyodo) — Radiation dosages of 5 sieverts per hour were detected indoors on the second floor of the No. 1 reactor at the crisis-hit Fukushima Daiichi nuclear power plant on Tuesday, the highest figure yet indoors, plant operator Tokyo Electric Power Co. said.
Ezra Klein / Washington Post:
The reason the markets are diving  —  (Scott Olson - GETTY IMAGES) Washington likes to talk about the economy in terms of things it can control.  Spending and deficits.  Stimulus.  Policy uncertainty.  —  But the Dow Jones isn't diving because spending has risen, deficits have grown or stimulus policy has changed.
Discussion: FrumForum and Associated Press
David Frum / FrumForum:
If Conservatives Were Right About the Economy  —  Further to yesterday's post about the respective economic acumen of the Wall Street Journal editorial page vs. Prof. Paul Krugman:  —  My conservative friends argue that the policies of Barack Obama are responsible for the horrifying length and depth of the economic crisis.
Burgess Everett / The Politico:
FNC analyst: 'I've pulled my punches' on Palin  —  A pair of Fox News employees offered a brief but telling glimpse of what it is like to be a coworker with a woman who may or may not run for president in 2012: Sarah Palin.  —  On Wednesday after showing a Tuesday clip of Palin's angry rebuke …
RELATED:
Associated Press:
Fox's Beckel, Gutfeld say they were joking about pulling punches on Palin
Discussion: Mediaite and Crooks and Liars
Chris Halsne / KIRO-TV:
Cartoonist Targeted With Criminal Probe For Mocking Police  —  RENTON, Wash. — The Renton City Prosecutor wants to send a cartoonist to jail for mocking the police department in a series of animated Internet videos.  —  The “South-Park"-style animations parody everything from officers having sex …
Discussion: Hit & Run and iOwnTheWorld.com
Clive Crook / The Atlantic Online:
Time for QE3, and Then Some  —  The global beating shares just took had many causes, no doubt.  Still disgusted by the US debt-ceiling fiasco, I am apt to give that masterclass in malice and incompetence more of the blame than it really deserves: the talk in markets today was more about signs …
Kevin Drum / Mother Jones:
Presidential Power  —  I apologize in advance for indulging in a wonky process post yet again today ("more boy talk," as Twitter follower Stella calls it), but I want to repeat a point that I haven't made for a while.  It got kicked off by this tweet from Dave Roberts:  —  My answer: No, he just has the easiest job.
RELATED:
Steve Benen / Washington Monthly:
Political efficacy in the Obama era
Noel Sheppard / NewsBusters.org:
Arianna Huffington: Nobody Believes Obama's Top Priority Is Jobs - It's Getting Reelected  —  In the wake of liberal disappointment over December's budget agreement and this week's debt ceiling deal - both not including tax hikes - there's been a lot of squabbling from far-left media members about Barack Obama betraying them.
Discussion: Shot in the Dark
Henry Blodget / Politics:
Here's The Problem With This Market Crash...  Well, it's deja vu all over again.  —  For anyone who followed the market crashes of 2000-2002 and 2007-2009—especially the crash of 2007-2009—the 512-point drop in the Dow feels awfully familiar.  —  And as those market crashes reminded us …
Jacob Weisberg / Financial Times:
Washington's appetite for self-destruction  —  It is difficult to remember a more dismal moment in American politics.  The debt ceiling crisis and the agreement that ended it point to deep dysfunction in our system.  In a variety of ways, the episode portends continued short-term economic misery and long-term national decline.
Discussion: FT Alphaville and The New Editor
Matt McGrath / BBC:
Arctic ‘tipping point’ may not be reached  —  The team said they had found an indirect method to give a picture of the ice cover dating back 11,000 years  —  Scientists say current concerns over a tipping point in the disappearance of Arctic sea ice may be misplaced.
Ned Potter / ABCNEWS:
Afghanistan War: Hobbyists' Toy Truck Saves 6 Soldiers' Lives  —  Staff Sgt. Christopher Fessenden is on duty in Afghanistan now after tours with the Army in Iraq.  He has traveled with standard-issue equipment — weapons, helmet, uniform, boots and so forth — plus a radio-controlled model truck his brother sent.
Discussion: The Jawa Report and Don Surber
Elizabeth MacDonald / FOXBusiness.com:
Former White House Counsel to IRS: Pull Media Matters' Tax-Exempt Status  —  C. Boyden Gray, former White House counsel to President George W. Bush, filed a civilian complaint with the IRS against the nonprofit Media Matters on July 27, demanding the agency yank its “tax-exempt status.”
 
 
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 More Items: 
Jennifer Steinhauer / New York Times:
Republicans Set Sights on Balanced Budget Amendment
Michael Graham / Boston Herald:
Matt Damon's got a lot to learn
Discussion: Opinion L.A.
Gillian Tett / Financial Times:
Eurozone crisis resembles US turmoil in 2008
Ian Cobain / Guardian:
UK's secret policy on torture revealed
Andrew Sullivan / The Daily Dish:
The Reality We Face  —  Politico has a classic piece today …
Pete Kasperowicz / The Hill:
Hatch, Coburn seek $600 billion in savings by cutting federal workforce
Jane Robison / da.co.la.ca.us:
Three Arrested on Charges of Illegally Producing, Selling Unpasteurized Milk
Discussion: Pajamas Media and Big Government
Seth Hanlon / Center for American Progress:
Making More, Contributing Less
Discussion: Reuters, ThinkProgress and Daily Kos
 Earlier Items: 
Political Punch:
First Lady Says Obama's Gray Hair ‘Proof’ He Deserves Second Term
Discussion: Weasel Zippers
Victor Davis Hanson / National Review:
So What Now?  —  The stock market seems to be telling us …
Discussion: Pundit & Pundette and alicublog
Jonathan Capehart / Washington Post:
Time for Obama to be feared by the Tea Party
Fareed Zakaria / Washington Post:
Why defense spending should be cut