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5:25 AM ET, March 26, 2009

memeorandum

 Top Items: 
The Huffington Post:
Cantor Watched Britney Spears Concert During Obama Presser, Landrieu Denies Rumors  —  There was more than one whip at last night's Britney Spears concert in Washington DC.  —  Three GOP aides confirmed to the Huffington Post that House Minority Whip Eric Cantor (R-Va.) …
RELATED:
Jim Newell / Wonkette:
Exclusive: Cantor, ‘Democrats’ Attend Britney Spears Concert During Obama Presser  —  And you all thought Washington wasn't sexy: the office of ambitious young House Republican Whip Eric Cantor has confirmed to your Wonkette that instead of watching President Obama's boring press conference …
Discussion: TPMDC and BeltwayBlips
Molly K. Hooper / The Hill:
GOP's rising star runs into a rough patch  —  A rising star in the Republican Party has dimmed over the past week.  —  House Minority Whip Eric Cantor (Va.), a politically shrewd up-and-comer in the GOP, has broken with his party on two high-profile issues.
Amanda Terkel / Think Progress:   Cantor skips Obama's press conference to attend a Britney Spears concert.
Ed Henry / CNN:
Ed Henry's take on exchange with Obama  —  Ed Henry, CNN's senior White House correspondent, got a tough answer from President Obama when he asked Tuesday night why Obama waited days to express outrage on the AIG bonuses.  “Because I like to know what I'm talking about before I speak,” Obama said.
RELATED:
Mary Katharine Ham / Weekly Standard:
Fun With the Self-Referential Press Corps
Discussion: FamousDC
Daniel Libit / The Politico:
NYT on snub: 'We'll get our turn'
New York Times:
U.S. to Detail Plan to Rein In Finance World  —  WASHINGTON — The Obama administration will detail on Thursday a wide-ranging plan to overhaul financial regulation by subjecting hedge funds and traders of exotic financial instruments, now among the biggest and most freewheeling players on Wall Street …
Discussion: Wall Street Journal
RELATED:
Washington Post:
Geithner to Propose Vast Expansion Of U.S. Oversight of Financial System  —  Treasury Secretary Timothy F. Geithner plans to propose today a sweeping expansion of federal authority over the financial system, breaking from an era in which the government stood back from financial markets …
Discussion: TIME.com and BeltwayBlips
NY Daily News:
Give credit to Timothy Geithner's new toxic asset plan  —  For the economy to be viable, the financial system must be healthy.  For this to occur, the system needs to be cleansed of its poorly performing loans and so-called toxic securities backed by loans.
Peter Hamby / CNN:
Palin unplugged in speech to Alaska GOP dinner  —  (CNN) - Sarah Palin is teeing off on the media once again.  —  In a little-noticed speech to a GOP dinner in Alaska last week, Palin riffed for nearly an hour on a variety of topics — including her relationship with former McCain staffers …
RELATED:
Ben Smith / Ben Smith's Blog:   Palin in Anchorage  —  Peter Hamby picks up a candid Sarah Palin speech …
Jim Tankersley / The Swamp:
Another Obama nominee withdraws  —  Chalk up another casualty in the Obama administration's attempts to staff federal agencies.  —  Jon Cannon, nominated to be the deputy director of the Environmental Protection Agency, pulled his name from consideration today, citing questions over a non-profit …
RELATED:
Ambrose Evans-Pritchard / Telegraph:
US backing for world currency stuns markets  —  US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is “quite open” to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.
RELATED:
Craig Whitlock / Washington Post:
E.U. President Blasts U.S. Spending  —  Czech Premier Calls Obama Administration's Economic Policies ‘a Road to Hell’  —  The president of the European Union on Wednesday ripped the Obama administration's economic policies, calling its deficit spending and bank bailouts “a road to hell.”
Discussion: Talking Points Memo and Truthdig
RELATED:
Eric Kleefeld / TPMDC:
Steele On Rush Flap: “It's All Strategic”  —  Michael Steele just doesn't know how to stop.  —  Steele appeared on CNN this afternoon, and was asked by host Don Lemon whether he's ever considered running for president, and right off the bat he managed to give the sensible, correct answer …
Discussion: MyDD
RELATED:
Alexander Mooney / CNN:
Steele: Open to prez run if that's ‘where God wants me to be’
Discussion: Talking Points Memo
Jesse McKinley / New York Times:
Cities Deal With a Surge in Shanty Towns  —  FRESNO, Calif. — As the operations manager of a outreach center for the homeless here, Paul Stack is used to seeing people down on their luck.  What he had never seen before was people living in tents and lean-tos on the railroad lot across from the center.
Discussion: Obsidian Wings and BeltwayBlips
Nicholas Dawidoff / New York Times:
The Civil Heretic  —  FOR MORE THAN HALF A CENTURY the eminent physicist Freeman Dyson has quietly resided in Prince­ton, N.J., on the wooded former farmland that is home to his employer, the Institute for Advanced Study, this country's most rarefied community of scholars.
Sam Youngman / The Hill:
White House announces tax reform task force  —  The Obama administration announced Wednesday that it is creating a task force to examine ways to simplify the tax code, close tax loopholes, lessen tax evasion and reduce corporate welfare.  —  The task force will be part of former Federal …
Discussion: The Politico
Bloomberg:
Treasuries Fall on Supply Concern as Seven-Year Sale Looms  —  Treasury 10-year note yields rose the most in more than two weeks after an auction of $34 billion in five-year notes drew a higher-than-forecast yield, spurring concern record sales of U.S. debt are overwhelming demand.
Faiz Shakir / Think Progress:
O'Reilly Lashes Back At ThinkProgress: 'They're Insects'  —  O'Reilly Lashes Back At ThinkProgress: 'They're Insects'  —  Tonight on The Factor, Fox News' Bill O'Reilly offered a host of attacks on ThinkProgress and Center for American Progress President and CEO John Podesta that were rich with irony.
Discussion: BuzzFlash.org and Philly.com
Abby Goodnough / New York Times:
Gay Marriage in Vermont Faces Veto by Governor  —  BOSTON — Gov. Jim Douglas of Vermont said Wednesday that he would veto a same-sex marriage bill if it reached his desk, setting a new hurdle for a measure that had been moving swiftly through the legislature.
Discussion: The Moderate Voice
Michael Fleming / Variety:
MGM gets its ‘Stooges’  —  Penn, Carrey, Del Toro part of studio's plan  —  MGM and the Farrelly brothers are closing in on their cast for “The Three Stooges.”  —  Studio has set Sean Penn to play Larry, and negotiations are underway with Jim Carrey to play Curly, with the actor already making plans …
FactCheck.org:
Obama's Prime Time Pitch  —  Some exaggerations and misstatements from his evening news conference.  —  President Obama sometimes strayed from the facts or made dubious claims during his hour-long evening news conference March 24.  — He said his budget projections are based on economic assumptions that …
Chris Cillizza / The Fix:
Limbaugh An Issue in New York Special  —  Democrats are seeking to use conservative talk-radio host Rush Limbaugh to rally their base in advance of next week's special election in New York's 20th district.  —  A new direct mail piece from businessman Scott Murphy's campaign features …
The Politico:
Democrats vs. Democrats  —  House Minority Leader John A. Boehner snarled at moderate Democrats Wednesday, but the real bite came from liberal groups frustrated by centrist opposition to Barack Obama's budget priorities.  —  As Boehner accused Blue Dog Democrats of being “lap dogs” for Obama …
Discussion: New York Times
Eliott C. McLaughlin / CNN:
Feds' plan to poison banks of Rio Grande stalled  —  (CNN) — Federal officials postponed poisoning a mile-long stretch of the Rio Grande's banks this week after residents complained that doing so posed health and environmental risks on both sides of the U.S.-Mexico border.
Discussion: JustOneMinute and AMERICAblog News
Mark DeCambre / New York Post:
DOUBLE-DIPPERS  —  CITI, BOFA BUYING BACK LAUNDERED LOANS AT LOWER RATES  —  As Treasury Secretary Tim Geithner orchestrated a plan to help the nation's largest banks purge themselves of toxic mortgage assets, Citigroup and Bank of America have been aggressively scooping up those same securities …
Mike / Rortybomb:
Modeling an FDIC Robbery.  —  I want to explain the Geithner Put for those without a finance background who want to understand how FDIC is going to get looted.  (Warning: Will contain graphs, and be long and boring even by normal standards here.)  Recap: Banks have “toxic waste” assets, which they want to sell.
Wall Street Journal:
Auto Task Force to Back More Loans, With Strings  —  President Barack Obama last month handed his auto-industry team a seemingly impossible task: to engineer the most complicated industrial restructuring ever attempted by the federal government, and to do it fast.
Conor Clarke / The Atlantic Business Channel:
The war on charity and prosperity, part III  —  Marty Feldstein attacks on the president's proposal to reduce the rate at which high-income taxpayers can deduct charitable donations: … Let me try to awaken his imagination.  —  Here is the rationale: The deduction is deeply regressive.
 
 
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 More Items: 
Jeremy Page / Times of London:
British-run orphanage in Bangladesh ‘is Islamist training camp’
Discussion: Guardian
Wall Street Journal:
AIG Fights a Fire at Its Paris Unit
Jeremy W. Peters / New York Times:
Albany Reaches Deal to Repeal '70s-Era Drug Laws
Discussion: TalkLeft and Runnin' Scared
Thom Shanker / New York Times:
U.S. Sees Chinese Military Rise, and a Need for More Contact
Mike Mount / CNN:
Air Force jet crashes; pilot dies
David Freddoso / The Corner:
House Republicans' Housing Plan
 Earlier Items: 
Lane Hudson / Firedoglake:
FEC Turns Blind Eye to Thompson, Sets Awful Precedent
Discussion: CNN
Phillip Coorey / Sydney Morning Herald:
New best friends have a great meeting of the minds