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9:15 AM ET, December 10, 2008

memeorandum

 Top Items: 
New York Times:
Obama's Effort on Ethics Bill Had Role in Governor's Fall  —  In a sequence of events that neatly captures the contradictions of Barack Obama's rise through Illinois politics, a phone call he made three months ago to urge passage of a state ethics bill indirectly contributed to the downfall …
RELATED:
Huma Khan / Political Punch:
Questions Arise About the Obama/Blagojevich Relationship  —  “Obviously like the rest of the people of Illinois I am saddened and sobered by the news that came out of the US attorney's office today,” said President-elect Obama this afternoon in Chicago, speaking of the criminal complaint …
Chicago Tribune:
Barack Obama plans to reach out to Muslim world  —  In exclusive interview, he says he plans to be sworn in like every other president, using his full name: Barack Hussein Obama  —  Barack Obama says his heart will remain in Chicago, even as he moves to Washington.  (Alex Garcia / Tribune / December 9, 2008)
The Politico:
In scandal, risks for Obama  —  At first blush, Barack Obama comes out of the Rod Blagojevich scandal smelling like a rose.  The prosecutor at a news conference seemed to give the president-elect a seal of approval, and the Illinois governor himself was caught on tape complaining that Obama was not interested in crooked schemes.
Greg Hinz / Chicago Business:
Illinois' top lawmakers to strip Blago of senate pick power  —  (Crain's) — The state's top two legislative leaders Tuesday said they will move fast to seize control of the process of selecting a replacement for Barack Obama in the U.S. Senate, taking that power away from Gov. Rod Blagojevich.
David G. Savage / Los Angeles Times:
In the old days, buying a Senate seat was not unusual
Discussion: The Swamp
Howard Kurtz / Washington Post:   Criminal Complaint Alleges That Gov. Blagojevich Threatened …
Scott Shane / New York Times:   Fond Ties Have Grown Between Chicago and Its Corruption Fighter
Chris Frates / The Politico:
Blago has been scheming for years
Discussion: Power Line
Will Bunch / Philly.com:   Obama's support of ethics reform is good news for the GOP...
Joe Weisenthal / Silicon Alley Insider:
Alleged: Blago Hoped To Shake Down Warren Buffett!
Discussion: DealBook
Andy Barr / The Politico:
Joe the Plumber: McCain ‘appalled me’  —  Joe Wurzelbacher lashed out at former GOP presidential nominee John McCain Tuesday, the man who made Wurzelbacher famous as “Joe the Plumber.”  —  Wurzelbacher told conservative radio host Glenn Beck that he felt “dirty” after “being on the campaign trail …
Dee Dee Myers / Vanity Fair:
Favreau's Sexist Photo Is No Laughing Matter  —  Oh, what to do.  An incredibly talented young aide, to an impossibly idealistic new president, gets caught doing something indefensibly stupid and undeniably sexist.  Everyone is uncomfortable.  But should anyone be held accountable?  Apparently not.
John Bresnahan / The Politico:
Ethics committee expands Rangel probe  —  The House ethics committee has voted to expand its investigation of Rep. Charles B. Rangel (D-N.Y.) to include allegations that he helped a $1 million donor to the Charles B. Rangel Center at the City College of New York retain a lucrative tax loophole.
Discussion: TIME.com and Betsy's Page
Dave Orrick / TwinCities.com:
FBI reviewing allegations involving Norm Coleman ally, source says  —  Source: Inquiry involves alleged attempt to steer money toward senator  —  Federal investigators are looking into allegations that a longtime friend and benefactor tried to steer money to U.S. Sen. Norm Coleman, the Pioneer Press has learned.
Discussion: Minnesota Independent and MinnPost
CNN:
Man who lost family when jet hit house: I don't blame pilot  —  SAN DIEGO, California (CNN) — A Korean immigrant who lost his wife, two children and mother-in-law when a Marine Corps jet slammed into the family's house said Tuesday he did not blame the pilot, who ejected and survived.
Discussion: Michelle Malkin and TigerHawk
Christopher Drew / New York Times:
A Fighter Jet's Fate Poses a Quandary for Obama  —  Two of President-elect Barack Obama's stated goals — cutting wasteful spending and saving or creating millions of jobs — are on a collision course in a looming decision over whether to keep building the F-22 fighter jet.
Joel Sherman / New York Post:
CC SABATHIA PICKS YANKEES  —  LAS VEGAS - CC Sabathia is not going to play on the West Coast.  He is not going to play in the National League.  CC Sabathia is going to be a Yankee, The Post has learned exclusively.  —  After three straight days of face-to-face meetings between GM Brian Cashman …
James Richardson / The Skepticians:
BREAKING: Duncan Enters the Fray  —  The recent Republican victories in GA and MS gave pause to Mike Duncan, current Republican National Committee Chairman, who, until today, was unsure if he would seek a second term.  According to individuals with close ties to Duncan …
David Leonhardt / New York Times:
$73 an Hour: Adding It Up  —  Seventy-three dollars an hour.  —  That figure — repeated on television and in newspapers as the average pay of a Big Three autoworker — has become a big symbol in the fight over what should happen to Detroit.  To critics, it is a neat encapsulation …
New York Times:
Investors Buy U.S. Debt at Zero Yield  —  When was the last time you invested in something that you knew wouldn't make money?  —  In the market equivalent of shoveling cash under the mattress, hordes of buyers were so eager on Tuesday to park money in the world's safest investment …
RELATED:
Bloomberg:
Treasury Bills Trade at Negative Rates as Haven Demand Surges
Discussion: Newshoggers.com
 
 
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 More Items: 
James Hamilton / Econbrowser:
Predicting the trough and a jobless recovery
Discussion: Capital Commerce
Joseph E. Stiglitz / Vanity Fair:
Capitalist Fools  —  Behind the debate over remaking U.S …
Richard Norton-Taylor / Guardian:
Out by June: UK plans Iraq withdrawal
Discussion: TIME.com and Informed Comment
Jane Macartney / Times of London:
Leading Chinese dissident, Liu Xiaobo, arrested over freedom charter
 Earlier Items: 
Associated Press:
‘Nanny’ state? Drescher eyes Clinton's Senate seat
Discussion: Atlas Shrugs and Reuters
Alex Tabarrok / Marginal Revolution:
Infrastructure: Roads and The Smart Grid
Discussion: Outside The Beltway and Kevin Drum
Josh Marshall / Talking Points Memo:
THAT'S A CONTEST WE CAN BELIEVE IN
Discussion: American Power
The Daily Beast:
The Man Who Brought Down Spitzer by Scott Horton