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4:05 PM ET, July 27, 2012

memeorandum

 Top Items: 
U.S. Bureau of Economic Analysis:
National Income and Product Accounts  —  Gross Domestic Product, 2nd quarter 2012 (advance estimate);  —  Revised Estimates: 2009 through First Quarter 2012  —  Real gross domestic product — the output of goods and services produced by labor and property located in the United States …
RELATED:
James Pethokoukis / AEIdeas:
Sickly second-quarter GDP report puts U.S. economic recovery — and Obama's reelection — in jeopardy  —  The U.S. economy is not doing fine.  —  Earlier this year, the Obama White House predicted the economy would grow 3% in 2012.  Today's GDP report shows that ain't going to happen.
Ed Morrissey / Hot Air:
Breaking: Q2 GDP 1.5%; Update: 2011Q4 revised upward 1.1 points to 4.1%?  —  The decline in American production continued in the second quarter, according to the new release from the Bureau of Economic Analysis.  The Q2 GDP growth rate (annualized) was a meager 1.5%, down from 1.9% in the first quarter and 3.0% in 2011Q4:
Jonathan Chait / New York Magazine:
The Real Reason 'You Didn't Build That' Works  —  Mitt Romney's plan of blatantly lying about President Obama's “you didn't build that” speech is clearly drawing blood.  But what makes the attack work so well is not so much the lie itself but the broader subtext of it.
RELATED:
Wall Street Journal:
Four Little Words
Discussion: Hot Air and National Review
Amie Parnes / The Hill:
'You didn't build that' remarks won't change Obama's strategy on the stump
Discussion: CNN and Politico
Dan Pfeiffer / White House.gov Blog:
Fact Check: The Bust of Winston Churchill  —  Lately, there's been a rumor swirling around about the current location of the bust of Winston Churchill.  Some have claimed that President Obama removed the bust of Winston Churchill from the Oval Office and sent it back to the British Embassy.
RELATED:
Emily Friedman / ABCNEWS:
Romney ‘Looking Forward’ To Returning Churchill Bust to White House  —  Greg Mathieson/Time Life Pictures/Getty Images  —  LONDON - Mitt Romney, speaking to a group of more than 200 supporters in hotel in the heart of London this evening, said he is “looking forward” to returning the bust …
Charles Krauthammer / Washington Post:   Why he's going where he's going  —  A generation ago, it was the three I's.
Liz Buckthorpe / www2.wrbl.com:
COLUMBUS, Ga. —  News 3 has learned that Donald A. Perry, the Vice President of Corporate Public Relations has passed away.  —  Ross Cathy, the owner of the Midland, GA Chick-fil-A and family member of company CEO, Dan Cathy, tells News 3, Perry passed away this morning from a heart attack.
RELATED:
Michael Graham / Boston Herald:
Radical imam OK but not Chick-fil-A  —  Given his stance on Chick-fil-A, would Mayor Tom Menino grant permits to a group that has counted among its leaders a man who has repeatedly called homosexuality a “crime that must be punished” by death?  —  Actually, he has done that  . .  . and more!
Jake Shermanand John Bresnahan / Politico:
Congress nears year-end funding deal  —  There's already movement to avoid the fiscal cliff.  —  House and Senate leadership Thursday approached a deal to fund the government for six months — a move that would avert a Sept. 30 shutdown, and keep the federal government operating through March.
RELATED:
Bernie Becker / The Hill:
House Dems to introduce estate tax measure
Discussion: Firedoglake and Politico
Dylan Matthews / Washington Post:   No one pays the estate tax
Rob Williams / The Independent:
Romneyshambles: 'Some Americans just shouldn't leave the country', says Carl Lewis  —  “Stay home if you don't know what to say,” says nine-times gold medal winning sprinter  —  NOTE: WE DO NOT STORE YOUR EMAIL ADDRESS(ES) BUT YOUR IP ADDRESS WILL BE LOGGED TO PREVENT ABUSE OF THIS FEATURE.
RELATED:
First Read / msnbc.com:
Presidential election reaches halftime
Michael D. Shear / The Caucus:
Amazon's Founder Pledges $2.5 Million in Support of Same-Sex Marriage  —  Jeff Bezos, the billionaire founder of Amazon.com, and his wife, MacKenzie, have agreed to donate $2.5 million to help pass a same-sex marriage referendum in Washington State, instantly becoming among the largest financial backers …
RELATED:
Washington United for Marriage:
Jeff and MacKenzie Bezos Make Historic Gift of $2.5 Million To Protect Freedom to Marry Law in Washington State
Kendra Alleyne / CNSNews:
Oregon Man Sentenced to 30 Days in Jail — for Collecting Rainwater on His Property  —  (CNSNews.com) - A rural Oregon man was sentenced Wednesday to 30 days in jail and over $1,500 in fines because he had three reservoirs on his property to collect and use rainwater.
NY Daily News:
EXCLUSIVE: ‘Dark Knight’ shooting suspect James Holmes claims amnesia  —  The accused mass murderer keeps asking ‘Why am I here?’ a jail staffer reports.  Holmes is also complaining about the food at the Aarapahoe County Detention Center.  —  Accused movie theater shooter James Holmes makes his first court appearance.
RELATED:
Wall Street Journal:
Noonan: The Dark Night Rises
weaskamerica.com:
OH-bama  —  We wrap up the first round in our Big 10 series with Ohio-perhaps the quintessential and, arguably, most important swing state.  The closeness of recent presidential elections certainly makes the Buckeye State a battleground, and with good reason.
Ramsey Cox / The Hill:
Democratic senators offer gun control amendment for cybersecurity bill  —  Democratic senators have offered an amendment to the cybersecurity bill that would limit the purchase of high capacity gun magazines for some consumers.  —  Shortly after the Cybersecurity Act gained Senate approval …
Paul Krugman / New York Times:
Money for Nothing  —  For years, allegedly serious people have been issuing dire warnings about the consequences of large budget deficits — deficits that are overwhelmingly the result of our ongoing economic crisis.  In May 2009, Niall Ferguson of Harvard declared that the “tidal wave of debt issuance” …
Discussion: Jared Bernstein and Hullabaloo
Michael Levenson / Boston Globe:
Incumbent's NRA split brings boost wins big fan  —  Michael R. Bloomberg, the billionaire mayor of New York, waded into one of the nation's fiercest Senate races and threw his financial and rhetorical support behind Senator Scott Brown on Thursday, praising Brown's defiance of the National Rifle Association …
Discussion: The Daily Caller
RELATED:
Scott Keyes / ThinkProgress:
EXCLUSIVE: GOP Senate Nominee Shorting U.S. Treasury Bonds, Would Profit From Government Default  —  The Republican nominee in Ohio's Senate race stands to reap a significant financial windfall if the government defaults by not raising the debt ceiling, a move he opposed last year and has indicated …
Discussion: Paul Krugman and The Raw Story
 
 
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 More Items: 
New York Times:
Cyberattacks Are Up, National Security Chief Says
Discussion: Firedoglake, ABCNEWS, Lawfare and CNN
Guardian:
Blind archer sets first London record
Zack Beauchamp / ThinkProgress:
Santorum Defends Penn State, Blasts Freeh Report
Discussion: Mediaite and The Raw Story
WJLA-TV:
Neil Prescott, Maryland mass shooting suspect, arrested
Julian Brookes / Rolling Stone:
Pot Legalization Is Coming
 Earlier Items: 
ThinkProgress:
Alabama Asks Court For Redistricting Approval, Tries To Eliminate Voting Rights Act
Discussion: Joe. My. God.
Lizette Alvarez / New York Times:
Strip Clubs in Tampa Are Ready to Cash In on G.O.P. Convention
Discussion: The PJ Tatler and Hotline On Call
Jennifer Steinhauer / New York Times:
Once a Rebel, McCain Now Walks the Party Line
Discussion: The New Republic and The Caucus
 

 
From Mediagazer:

Natasha Lomas / TechCrunch:
German publishers grudgingly allow Google to display news snippets in search results without compensation

Jeremy Barr / Capital New York:
New York Times staffers band together over buyout anxiety

Tom Cheredar / VentureBeat:
Roku raises $25 million amid growing competition from Amazon and Google

 
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