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10:40 AM ET, September 5, 2011

memeorandum

 Top Items: 
Steven Greenhouse / New York Times:
Postal Service Is Nearing Default as Losses Mount  —  The United States Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on cash that it will not be able to make a $5.5 billion payment due this month …
Paul Krugman / New York Times:
The Fatal Distraction  —  Friday brought two numbers that should have everyone in Washington saying, “My God, what have we done?”  —  One of these numbers was zero — the number of jobs created in August.  The other was two — the interest rate on 10-year U.S. bonds, almost as low as this rate has ever gone.
Michelle Malkin:
Happy Labor Day: Top 10 union thug moments of the year  —  As the MSM whitewashes Big Labor's ugly threats, Tea Party smears, and history of coerced dues-subsidized racketeering this Labor Day, what better way to mark the holiday than with an illustrated list of top 10 union thug moments of the year.
Discussion: The Gateway Pundit and Wizbang
RELATED:
E.J. Dionne Jr / Washington Post:
The last Labor Day?  —  Let's get it over with and rename the holiday “Capital Day.”  We may still celebrate Labor Day, but our culture has given up on honoring workers as the real creators of wealth and their honest toil — the phrase itself seems antique — as worthy of genuine respect.
Discussion: Balloon Juice and Daily Kos
Josh Hafner / Iowa Caucuses:
Sarah Palin runs unannounced in Iowa half-marathon  —  Sarah Palin's short-lived and unannounced run began and ended today in Storm Lake, Iowa.  —  The morning after Palin's speech at a tea party rally in Indianola, Greta Van Susteren of Fox News posted a photo she said was snapped of Palin during the …
RELATED:
Greta Van Susteren / Gretawire:
Above is a picture of Governor Sarah Palin this morning....in Iowa with a crowd.
Ynetnews:
Israelis held in Istanbul airport  —  Passengers arriving in Turkey detained by local police after their passports taken away from them; passenger: Everyone was in shock  —  About 40 Israeli passengers on board a Turkish Airlines flight from Tel Aviv to Istanbul were held for several hours …
The Caucus:
Romney Speaks at Tea Party Event, Drawing Sparse Protest  —  Mitt Romney's keynote speech Sunday night at a Tea Party Express rally in Concord, N.H., was perhaps more notable for what did not happen — there were no fiery clashes with Tea Party protesters, or angry hecklers — than for what did …
RELATED:
Vicki Needham / The Hill:
Sen. DeMint: Obama speech to Congress ‘going to be hard for me to watch’
Patricia Bosworth / Daily Mail:
Rebel without a bra: Jane Fonda said her biggest regret was not sleeping with Che Guevara... but that was to please her husband  —  One day, at the height of her fame in the mid-Seventies, Jane Fonda turned up on the doorstep of her ex-husband, Roger Vadim.  She was lugging a bulging sack.
Andrew Orlowski / The Register:
Green energy and jobs will cripple the UK economy  —  Can't stay a top-ten manufacturer on expensive power  —  The UK's headlong rush into renewable energy - one ignored by the rest of the world - will hit British jobs and then general incomes, an economic study finds.
Discussion: Right Wing News and Pirate's Cove
Globe and Mail:
China offered Gadhafi huge stockpiles of arms: Libyan memos  —  TRIPOLI - From Saturday's Globe and Mail  —  Last updated!  —  A satellite image of Misrata, a coastal city, beseiged for weeks by forces loyal to Colonel Moammar Gadhafi.  (Graeme Smith/The Globe and Mail)
Discussion: Opinio Juris and Informed Comment
ABCNEWS:
‘This Week’ Transcript: Sen. Jim DeMint  —  AMANPOUR (voice-over): This week, start your engines.  Campaign 2012 shifts into overdrive as Mitt Romney ramps up...  ROMNEY: Career politicians got us into this mess, and they simply don't know how to get us out.  —  AMANPOUR: ... Rick Perry cleans up...
Wolfgang Münchau / Financial Times:
The worst of the euro crisis is yet to come  —  The most disturbing aspect about the eurozone right now is that every crisis resolution strategy depends on a moderately strong economic recovery.  The Greek programme was already in trouble when it was agreed six weeks ago.  All the official forecasts were wrong.
Discussion: Paul Krugman
 
 
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 More Items: 
Bill Gertz / Washington Times:
Jihadists plot to take over Libya
Guardian:
Libyan papers show UK worked with Gaddafi in rendition operation
Discussion: msnbc.com
ForexCrunch / Business Insider:
Senior IMF Economist Expects Hard Default For Greece. Soon.
Hotline On Call:
What We Learned: Packers Versus Politics
 Earlier Items: 
Lucy Madison / CBS News:
Bachmann “open” to eliminating corporate taxes
Discussion: Conservatives4Palin
Washington Examiner:
Barone: Speech fiasco an ‘audacity of weakness’
 

 
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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