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3:17 AM ET, March 17, 2008

memeorandum

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Wall Street Journal:
Bear Stearns Closes in on Deal To Sell Itself to J.P. Morgan  —  Bear Stearns Cos. was closing in on a deal Sunday afternoon to sell itself to J.P. Morgan Chase & Co., as worries deepened that the financial crisis of confidence could spread if Bear failed to find a buyer by Monday morning.
Matthew Yglesias:
Sunday Financial Meltdown Blogging  —  Every now and again, and then increasingly as things start looking worse, I get a comment like “how can you write about [thing that's not earth-shatteringly important] when the economy is [something terrible happening in the economy].”
Discussion: Brendan Nyhan
Scott Lanman / Bloomberg:
U.S. Fed Cuts Discount Rate, Says Dealers May Borrow  —  The Federal Reserve, in an emergency weekend decision, cut the rate on direct loans to commercial banks and opened up borrowing at the rate to primary dealers in government securities.  —  In an announcement before the start of trading …
Paul Krugman / New York Times:
The B Word  —  O.K., here it comes: The unthinkable is about to become the inevitable.  —  Last week, Robert Rubin, the former Treasury secretary, and John Lipsky, a top official at the International Monetary Fund, both suggested that public funds might be needed to rescue the U.S. financial system.
Discussion: Corrente and ECHIDNE OF THE SNAKES
Larry Kudlow / The Corner:
JP Morgan Chase + Bear Stearns
Discussion: The Volokh Conspiracy
Mike Allen / The Politico:
Obama's church accuses media of character assassination  —  The Chicago church attended by Sen. Barack Obama (D-Ill.) issued a statement Sunday contending that coverage of his pastor's inflammatory remarks amounted to character assassination and “an attack on ... the history of the African American church.”
RELATED:
Tom Maguire / JustOneMinute:
Oprah, Obama, And Wright  —  It has been reported that Oprah Winfrey, who endorsed Obama, is the other famous member of Wright's now controversial church.  However, she seems to have moved away from that church quite some time ago - this is from 2002: … I wonder what Oprah would say about the direction Wright's ministry took.
Chicago Tribune:   Obama prepares for full assault on Clinton
New Jersey Online:
McGreevey aide says he had sexual trysts with ex-governor, wife  —  A former aide to James E. McGreevey said today that he had three-way sexual trysts with the former governor and his wife before he took office, challenging Dina Matos McGreevey's assertion that she was naive about her husband's sexual exploits.
Michelle Gallardo / WLS-TV:
Obama answers questions about Rezko, pastor  —  No campaign stops were scheduled Sunday for Democratic presidential candidate Barack Obama.  He was in the Chicago area Saturday night for a fundraiser.  —  The Illinois senator was in an Indianapolis suburb also this weekend, where he …
Discussion: EconoPundit
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New York Times:
Iraqis See a Candidate's Agenda in McCain's Visit
Discussion: AMERICAblog
Scott Horton / Harper's:
The Gathering Storm at Justice  —  I don't in the ordinary course review and recommend law review articles, but I've just come across one that is close to indispensable for public affairs junkies.  On December 7, 2006—the anniversary of the attack on Pearl Harbor—at least eight U.S. attorneys …
Allahpundit / Hot Air:
Video: Juan Williams lowers the boom on Obama  —  By special request of Ace, who tells me his commenters were buzzing about it this morning.  Williams has never had much patience for grievance culture so this shouldn't surprise.  He's juggling a lot of balls here — the “authenticity” …
Gallup:
Gallup Daily: McCain at 47% to Obama's 44%  —  PRINCETON, NJ — The latest Gallup Poll Daily tracking update on registered voters' general election preferences for president finds that John McCain has opened up a slight advantage over Barack Obama, 47% to 44%, while McCain and Hillary Clinton remained tied at 46% each.
Alan Greenspan / Financial Times:
We will never have a perfect model of risk  —  The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the second world war.  It will end eventually when home prices stabilise and with them the value of equity in homes supporting troubled mortgage securities.
New York Times:
Op-Ed Contributors: Reflections on the Invasion of Iraq  —  To mark this week's fifth anniversary of the invasion of Iraq, the Op-Ed page asked nine experts on military and foreign affairs to assess their previous and current outlook.
RELATED:
Ilan Goldenberg / democracyarsenal.org:
It's Not the Execution  —  The NY Times has its five year retrospective …
Discussion: Angry Bear
 
 
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 More Items: 
Kate Zernike / New York Times:
Postfeminism and Other Fairy Tales
Jeff Jacoby / Boston Globe:
Patton and the 2008 vote  —  ON THE eve of the Normandy invasion …
Los Angeles Times:
U.S. tries to shut revolving door of illegal reentry
N. Gregory Mankiw / New York Times:
Beyond the Noise on Free Trade
MSNBC:
March 16: Bill Bradley, Nita Lowey, political roundtable
Rebecca MacKinnon / RConversation:
Tibet... is discussion possible?
Jeralyn / TalkLeft:
Newsweek Examines Eliot Spitzer's Life
Discussion: Newsweek
 Earlier Items: 
ABCNEWS:
Bill Clinton: ‘Chill Out,’ Let Voters Decide
Discussion: TVNewser
Bob Fertik / Democrats.com:
Iraq Fax-in  —  March 19 marks the 5th Anniversary …
Chicago Tribune:
Barack Obama's Tribune interview
Associated Press:
Oklahoma Rep. Sally Kern on YouTube Clip: Homosexuality Bigger Threat Than Terrorism
Michael Kinsley / Washington Post:
Offense Taken  —  First of all, I unequivocally dissociate myself …
Lisa Schiffren / The Corner:
Barak, Church and State
Discussion: American Spectator
Nicholas D. Kristof / New York Times:
The Pimps' Slaves  —  Reading between the sheets, the world of …
Discussion: TalkLeft and Matthew Yglesias
 

 
From Mediagazer:

Michael Msika / Bloomberg:
PE firm Blackstone offers ~$1.5B to purchase Hipgnosis, about 7% higher than the bid made earlier this week by Concord to which Hipgnosis' board had agreed

Robert Simmon / Global Investigative Journalism Network:
A look at the use of satellite imagery for investigative journalism by outlets including Reveal, Bellingcat, The New York Times, and ProPublica

Clara Aberneithie / Press Gazette:
A look at The Cool Down, a climate-focused news outlet that makes $5M in programmatic advertising per year and aims to increase it to $12M per year in 2025

 
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