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12:15 AM ET, August 7, 2011

memeorandum

 Top Items: 
Josh Boak / The Politico:
S&P warns of a second downgrade  —  One day after lowering the nation's platinum triple-A credit rating, Standard & Poor's analysts warned Saturday that the U.S. government could face a second downgrade if the economy continues to struggle and the government fails to make the cuts outlined in the debt ceiling agreement.
Discussion: Outside the Beltway
RELATED:
Edmund L. Andrews / NationalJournal.com:
Why S&P's Downgrade is No Joke  —  The real impact of S&P's downgrade is political, not economic.  —  It's tempting to dismiss Standard & Poor's downgrade of U.S. long-term Treasury bonds as no big deal in the real world.  It's also tempting to describe it as a broad criticism …
John Bellows / U.S. Department of the Treasury:
Just the Facts: S&P's $2 Trillion Mistake  —  In a document provided to Treasury on Friday afternoon, Standard and Poor's (S&P) presented a judgment about the credit rating of the U.S. that was based on a $2 trillion mistake.  After Treasury pointed out this error - a basic math error …
Jamie Klatell / The Hill:
White House: S&P downgrade is why Obama ‘pushed for grand bargain’  —  The White House reacted to the Standard & Poor's downgrade of the U.S. credit rating by calling for more bipartisan compromise to “put our nation on a stronger fiscal footing.”  —  But the administration didn't miss the chance to say, in essence, “I told you so.”
Pete Kasperowicz / The Hill:
S&P credit rating analysis values spending cuts more than tax revenue
Associated Press:
Helicopter Crash in Afghanistan Kills Members of SEAL Team 6  —  WASHINGTON — The Associated Press has learned that more than 20 Navy SEALs from the unit that killed Osama bin Laden were among those lost in a helicopter crash in Afghanistan.  —  The operators from SEAL Team Six were flown …
RELATED:
New York Times:
Copter Downed by Taliban Fire; Elite U.S. Unit Among Dead
Kevin Sieff / Washington Post:
22 Navy SEALs among 30 U.S. troops killed in Afghanistan as NATO helicopter is shot down
GetEQUAL.org:
Protesters Travel From Across Texas to Picket Hate-Based Event  —  FOR IMMEDIATE RELEASE  —  Michael Diviesti, GetEQUAL Texas State Lead Organizer, (512) 694-3394, michael@getequaltx.org  —  HOUSTON, TX — On August 6th, Governor Perry spoke at an event inside Reliant Stadium in Houston …
RELATED:
Kasie Hunt / The Politico:
Perry prays for the U.S.  —  HOUSTON — Texas Gov. Rick Perry prayed with more than 20,000 worshipers at an all-day Christian gathering here — and while he talked about God, not the Oval Office, he repeatedly hit on the themes that would drive his potential presidential campaign.
Manny Fernandez / New York Times:
Perry Leads Prayer Rally for ‘Nation in Crisis’
Alexander Bolton / The Hill:
Obama's soft response to Tea Party draws liberal criticism  —  Liberals are growing frustrated with President Obama's soft response to the Tea Party after fractious negotiations over the debt limit led to the loss of nation's AAA credit rating on Friday.  —  Republicans and Democrats …
Discussion: Weasel Zippers
Larry O'Connor / Breitbart.tv:
Small Businesswoman's Epic Rant Against Obama's Disastrous Economic Policies  —  This is brilliant.  Just brilliant.
Kurt Andersen / New York Times:
The Madman Theory  —  I had breakfast this week with one of Hollywood's most ferocious, self-confident and successful doers of deals.  He was still steamed about what an unforgivably lousy negotiator his president had been on the debt ceiling agreement.  —  One particular Obama move he found appalling above all the rest.
Noel Sheppard / NewsBusters.org blogs:
Former Obama Economic Adviser on Downgrade: We're ‘Pretty Darn F—ked’  —  Christina Romer, the former chair of Obama's Council of Economic Advisers on Friday offered a rather strong opinion concerning the announcement by Standard & Poor's that the credit rating agency downgraded America's debt to AA+.
Joe Nocera / New York Times:
The Tea Party, Take Two  —  In the four months since I began writing an Op-Ed column, the thing that has most surprised me is how darned liberal I sound sometimes.  I know that seems like a strange thing to say, so let me explain.  —  Growing up in heavily Democratic Providence, R.I. …
RELATED:
Steven Hayward / Power Line:   Civility and Tea Party Freedom Fighters
Greg Sargent / Washington Post:
Standard and Poors versus Mitch McConnell  —  Putting aside the question of whether we should accord any credibility to Standard and Poors' downgrade, it's hard to see how conservatives can claim S & P's report as a political victory when it says this:
Washington Examiner:
Obama won't escape blame for credit downgrade  —  Standard and Poor's explanation for why it downgraded U.S. debt is written in such a way that it can be seized upon by all ideological stripes.  The statement cites the unwillingness of Republicans to raise taxes and of Democrats to agree to entitlement cuts.
Alexander Bolton / Ballot Box:
Mystery Romney supporter reveals himself after calls for investigation  —  Edward Conrad, a former executive at Bain Capital, has revealed himself as the mystery donor who gave a $1 million corporate contribution to a special political action committee supporting Mitt Romney.
RELATED:
Maggie Haberman / The Politico:
Mystery Mitt Romney donor comes forward
Discussion: TPMDC, The Raw Story and msnbc.com
Troy Hooper / The Colorado Independent:
Al Gore calls B.S. on corporate polluters  —  Al Gore is pissed.  —  The former vice president dropped in on an Aspen Institute media forum titled “Networks and Citizenship” on Thursday and railed against corporate evildoers who put profit above society.  —  Gore referenced the book …
 
 
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 More Items: 
Rasmussen Reports:
67% Say Economy Causing Family Stress
Discussion: Weasel Zippers
New York Times:
Shabab Concede Control of Capital to Somalia Government
Stephen Clark / Fox News:
Pelosi's Energy Savings Program Evaporates
Discussion: The Other McCain
Floyd Norris / New York Times:
As Corporate Profits Rise, Workers' Income Declines
Discussion: Hullabaloo and DownWithTyranny!
CBC News:
Japan marks Hiroshima anniversary
Discussion: The Moderate Voice
 Earlier Items: 
Thomas Erdbrink / Washington Post:
Iran's rich eat ice cream covered in gold as poor struggle to survive
Geoff Earle / New York Post:
Probers eye Meeks rap over 40G ‘loan’
William A. Jacobson / Le·gal In·sur·rec· tion:
Widener Law School goes Soviet, demands law professor undergo psychiatric evaluation
 

 
From Mediagazer:

Katie Robertson / New York Times:
G/O Media sells The Onion to Global Tetrahedron, a new Chicago firm owned by former Twilio CEO Jeff Lawson; former NBC News senior reporter Ben Collins is CEO

The New York Times Company:
The New York Times says it will continue to cover Biden “fully and fairly” regardless of whether he gives the paper a sit-down interview

Alex Sherman / CNBC:
Sources: Paramount and Skydance move closer to a deal, but Paramount's renewal agreement with Charter, which has an April 30 deadline, is a significant hurdle
 
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