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2:00 PM ET, December 1, 2008

memeorandum

 Top Items: 
CNN:
Obama names Clinton to national security team  —  (CNN) — President-elect Barack Obama on Monday announced Sen. Hillary Clinton as his pick for secretary of state, calling her an “American of tremendous stature who will have my complete confidence.”  —  “Hillary's appointment is a sign …
RELATED:
Carrie Dann / MSNBC:
FIRST THOUGHTS: MADAME SECRETARY
Discussion: The Atlanticist
Mary Ann Akers / The Sleuth:
It Hurts To Be John Kerry Today
Discussion: Matthew Yglesias
David E. Sanger / New York Times:
A Handpicked Team for a Sweeping Shift in Foreign Policy
Rex Nutting / MarketWatch:
U.S. recession began in December 2007, NBER says  —  WASHINGTON (MarketWatch) — The U.S. economy entered a recession in December 2007, a committee of economists at the private National Bureau of Economic Research said Monday.  The economy reached a peak in December and has been declining since …
Discussion: Wonkette
RELATED:
Chris Isidore / CNNMoney.com:
It's official: Recession since Dec. '07  —  The National Bureau of Economic Research declares what most Americans already knew: the downturn has been going on for some time.  —  NEW YORK (CNNMoney.com) — The National Bureau of Economic Research said Monday that the U.S …
Myglesias / Matthew Yglesias:
Cabinet Rank  —  Some people I know were less-than-thrilled to hear that Susan Rice would be heading to New York as our UN Ambassador since they would have rather seen her take a post in DC where she could help ensure that the Gates/Jones/Clinton “team of rivals” doesn't manage to lock …
Discussion: Eschaton
RELATED:
Clay Risen / The New Republic:
Rice on Deck  —  Completely idle speculation here …
Discussion: Hot Air
Extreme Mortman:
Top Ten Funniest Political Quotes Of 2008  —  At the end of 2006 we brought you the funniest political quotes of 2006.  —  At the end of 2007 we brought you the funniest political quotes of 2007.  —  Now that we're nearing the end of 2008 it's time for the top ten funniest political quotes of 2008.
RELATED:
Wall Street Journal:
India Security Faulted as Survivors Tell of Terror  —  At Tourist Haunts and Train Station, Swiftly Launched Assault Overwhelmed Police; Home Affairs Minister Steps Down  —  MUMBAI — As waiters started setting dinner buffets in Mumbai's luxurious hotels, the killings that would ravage …
RELATED:
Lauren Sher / ABCNEWS:
Bush: ‘I Did Not Compromise My Principles’  —  President George W. Bush Says He Will Leave Office With ‘Head Held High’  —  Looking back on his eight years in the White House, President George W. Bush pinpointed incorrect intelligence that Iraqi President Saddam Hussein had weapons of mass destruction as …
RELATED:
ABCNEWS:
Transcript: Charlie Gibson Interviews President Bush
Jack Schofield / Guardian:
Memeorandum runs rings around Google News  —  If you want to know what's happening in the world, then Memorandum will tell you - at least in a couple of areas.  It's an automated news clipping service, known in the trade as a “news aggregator”.  It provides headlines and short texts updated every few minutes …
Andrew Higgins / Wall Street Journal:
How to Combat a Banking Crisis: First, Round Up the Pessimists  —  Latvian Agents Detain a Gloomy Economist; ‘It Is a Form of Deterrence’  —  RIGA, Latvia — Hammered by economic woe, this former Soviet republic recently took a novel step to contain the crisis.
Discussion: The New Republic and Paul Krugman
Meredith Whitney / Financial Times:
America must keep consumer liquidity flowing  —  As an analyst, it is my job to do fundamental research and call it as I see it, and my bailiwick is financials.  My outlook has been negative for over a year and, technically, I have been “right” on my calls.
RELATED:
Neha Singh / Reuters:
Credit card industry may cut $2 trillion of lines: analyst
Discussion: Donklephant
BBC:
Cheap sex - the credit crunch is biting under the sheets  —  As the credit crunch bites, Britons may be turning to sex as a cheap way to pass the time, a charity says.  —  A YouGov survey of 2,000 adults found sex was the most popular free activity, ahead of window shopping and gossiping.
Discussion: Fausta's Blog
Dorothy Rabinowitz / Wall Street Journal:
Deepak Blames America  —  The media look within to explain the sick delusions of the Mumbai killers.  —  If the Mumbai terror assault seemed exceptional, and shocking in its targets, it was clear from the Thanksgiving Day reports that we weren't going to be deprived of the familiar, either.
Maureen Dowd / Vanity Fair:
What Tina Wants  —  Tina Fey has rules.  They've guided the 38-year-old writer-comedian through marriage, motherhood, and a career that went into hyperdrive this fall, when her Sarah Palin impression convulsed the nation, boosting the ratings of both Saturday Night Live and her own NBC show, 30 Rock.
Discussion: Don Surber and Gawker
Matt Apuzzo / Associated Press:
AP IMPACT: US diluted loan rules before crash  —  WASHINGTON - The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed.
Discussion: Donklephant, The Heretik and Wonk Room
Roger Cohen / New York Times:
Try Tough Love, Hillary  —  Imagine Ehud Olmert, the outgoing Israeli prime minister, saying this to Barack Obama:  —  “The United States has been wrong to write Israel a blank check every year; wrong to turn a blind eye to the settlements in the West Bank; wrong not to be more explicit …
Discussion: Newsweek, Commentary and The Sideshow
 
 
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 More Items: 
New York Times:
U.S. Stocks Drop Sharply, Following Europe and Asia
Discussion: TIME.com
The Daily Beast:
How is it Obama can fill a Cabinet faster than NBC can replace Tim Russert?
Discussion: MyDD and Alternate Brain
Javier C. Hernandez / New York Times:
Holder, High Achiever Poised to Scale New Heights
Amy Schatz / Wall Street Journal:
FCC Head Pushes Free Web Plan
 Earlier Items: 
Nia-Malika Henderson / The Politico:
44's speeches not yet on par with 16's
Discussion: Newshoggers.com
Paul Kane / Washington Post:
Senate Could Give New President Early Legislative Victories
Wall Street Journal:
America's Other Auto Industry
Discussion: Commentary and www.redstate.com
Andrew Breitbart / Washington Times:
Six degrees of Imran Khan
Discussion: Power Line and Hot Air