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12:55 PM ET, July 22, 2012

memeorandum

 Top Items: 
CBS News:
NCAA source: “Unprecedented” penalties against Penn State  —  (CBS News) CBS News has learned that the NCAA will announce what a high-ranking association source called “unprecedented” penalties against both the Penn State University football team and the school.
RELATED:
Associated Press:
Statue of Hall of Fame Penn State coach Joe Paterno taken down from outside football stadium  —  STATE COLLEGE, Pa. — The famed statue of Joe Paterno was taken down from outside the Penn State football stadium Sunday, eliminating a key piece of the iconography surrounding …
Alexander Bolton / The Hill:
Rep. McCarthy says colleagues lack spine to take on the NRA  —  Rep. Carolyn McCarthy (D-N.Y.), one of Congress's most outspoken advocates for gun control, criticized her colleagues Sunday for not standing up to the National Rifle Association to “save lives.”
Discussion: Politico
RELATED:
Alexander Bolton / The Hill:
Hickenlooper: Stricter gun laws would likely not have stopped killer  —  Colorado Gov. John Hickenlooper (D) said Sunday he doubted tougher gun control laws would have averted the movie-house killings in Aurora, Colo., speculating the attacker could have found various ways to perpetrate a massacre.
Discussion: CNN and The Hinterland Gazette
Joe Gandelman / The Moderate Voice:
Rupert Murdoch Tweets Support for Gun Control  —  Conservative media baron Rupert Murdoch has Tweeted his support for gun control: … I guess this makes him a short-sighted, liberal, tree hugger.  —  Or are some things too important to remain in the septic tank of American political polemics?
KDVR.com:
Police interview associate of movie theater suspect  —  AURORA, Colo. — Aurora Police said they interviewed an associate of the suspect in the shooting spree Friday at the Century 16 Movie Theaters.  —  Sources tell FOX31 Denver reporter Justin Joseph that a second man is now a person …
Christina Ng / ABCNEWS:
ABC News Exclusive: First Video of Colorado Shooting Suspect James Holmes Emerges  —  ABC News has obtained exclusive video and photos of Colorado shooting suspect James Holmes.  The video was recorded six years ago when Holmes was 18.  —  Federal authorities and local police today …
Discussion: L.A. NOW, Mashable! and TMZ.com
RELATED:
NY Daily News:
Aurora shooting suspect James Holmes jailed in solitary: ‘All the inmates were talking about killing him’  —  ‘He was spitting at the door and spitting at the guards,’ a just-released inmate told the Daily News.  'He's spitting at everything.  Dude was acting crazy.'
Washington Post:
Explosives removed from James Holmes's apartment, officials say
Discussion: Crooks and Liars
Aviva Shen / ThinkProgress:
Tea Party Senator: Keeping Guns From ‘Demented Individuals’ Will ‘Restrict Our Freedoms’  —  Responding to the tragic shooting in Colorado during an appearance on Fox News Sunday, Sen. Ron Johnson (R-WI) said he would oppose gun control efforts that could be used to “restrict our freedoms” …
RELATED:
Justin Sink / The Hill:
Feinstein urges assault weapons ban renewal after Colo. shootings
Discussion: Jammie Wearing Fools
iowahawk:
You Didn't Build That  —  1 In the beginning Govt created the heavens and the earth.  2 Now the economy was formless and void, darkness was over the surface of the ATMs, and the Spirit of Govt was hovering over the land.  —  3 And Govt said, “Let there be spending,” and there was spending.
Los Angeles Times:
Obama's campaign attack on Romney was costly  —  President Obama's campaign spent $58 million in June, chiefly in TV advertising assailing his GOP rival's business record and personal finances.  Romney spent less, but raised more than Obama.  —  Casino mogul Sheldon Adelson and his wife …
Discussion: The Other McCain, Hot Air and Politico
RELATED:
Kenneth P. Vogel / Politico:
Democratic billionaires boost pro-Obama super PAC
Alexander Bolton / The Hill:
McCain blasts Obama handling of Syria, warns of chemical weapons threat  —  Sen. John McCain (R-Ariz.) blasted the Obama administration Sunday for failing to do more to help rebel fighters in Syria.  —  McCain urged the president to move swiftly to provide U.S. arms and equipment to rebels.
Discussion: CNN
James Asher / McClatchy Washington Bureau:
McClatchy's Washington Bureau establishes no-alter quote policy  —  To our staff and to our readers:  —  As you are aware, reporters from The New York Times, Washington Post, Bloomberg and others are agreeing to give government sources the right to clear and alter quotes as a prerequisite to granting an interview.
 
 
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 More Items: 
John D. McKinnon / Washington Wire:
Tax Justice Network: Wealth Held in Tax Havens Skyrockets
Discussion: Prairie Weather
 

 
From Techmeme:

Sherry Qin / Wall Street Journal:
ByteDance says it has no plans to sell TikTok, responding to a report suggesting that the Chinese company is considering selling a majority stake in TikTok US

Alphabet:
Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5%; GOOG jumps 10%+

Andrew J. Hawkins / The Verge:
NHTSA finds that Tesla's driver-assist features are insufficient at keeping drivers engaged in the task of driving and links them to 100+ crashes and 10+ deaths

 
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