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2:00 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
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
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 …
Discussion: Hullabaloo
Larry Kudlow / The Corner:
JP Morgan Chase + Bear Stearns
Discussion: The Volokh Conspiracy
Yalman Onaran / Bloomberg:   JPMorgan Chase Buys Bear Stearns for $240 Million
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.
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.”
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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.
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 …
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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 …
Discussion: Centerpoint Review
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” …
ABCNEWS:
Bill Clinton: ‘Chill Out,’ Let Voters Decide  —  Former President Says Most Democrats Like Both Hillary Clinton and Barack Obama  —  Bill Clinton, in an exclusive interview with Robin Roberts, said he thinks Democrats are torn between two candidates they like, and that it's time to “chill out” …
Discussion: Wake up America and TVNewser
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.
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: New York Times and Angry Bear
Chicago Tribune:
Obama prepares for full assault on Clinton  —  Contender to take aim at Clinton's ethics  —  PLAINFIELD, Ind. - Sen. Barack Obama is trying to air his dirty laundry — even some items that might appear just a little wrinkled — as he prepares a full assault on Sen. Hillary Clinton over ethics and transparency.
Discussion: The Swamp
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Ben Smith / Ben Smith's Blogs:
Clinton aides deplore negativity
Discussion: AMERICAblog, Hoffmania! and The Swamp
 
 
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 More Items: 
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
Alan Greenspan / Financial Times:
We will never have a perfect model of risk
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: 
Jonn Lilyea / This ain't Hell …:
Winter Soldier II; my impressions, an AAR
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
Ali / Think Progress:
Perino: men know more about war ‘by osmosis.’
Andrew Ferguson / Weekly Standard:
The Wit & Wisdom of Barack Obama
 

 
From Mediagazer:

Alexandra Bruell / Wall Street Journal:
A look at the internal upheaval at the NYT around sensitive subjects and management's push to emphasize neutrality and independence, including through probes

New York Times:
Uri Berliner's essay about NPR reignited criticism of the outlet on social media, especially by conservatives, and spurred vehement pushback from some staffers

Brian Hiatt / Rolling Stone:
A look at Udio, which was founded by four former DeepMind employees in December 2023 and launched a product on April 11 that generates songs from text prompts

 
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