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1:45 PM ET, July 3, 2009

memeorandum

 Top Items: 
Paul Krugman / New York Times:
That '30s Show  —  O.K., Thursday's jobs report settles it.  We're going to need a bigger stimulus.  But does the president know that?  —  Let's do the math.  —  Since the recession began, the U.S. economy has lost 6 ½ million jobs — and as that grim employment report confirmed …
RELATED:
Paul Krugman:
Secrets of the WSJ  —  This morning's Wall Street Journal opinion section contains a lot of what one expects to see.  There's an opinion piece making a big fuss over the fake scandal at the EPA.  There's an editorial claiming that the latest job figures prove the failure of Obama's economic plan — something I dealt with in the Times.
Wall Street Journal:
The EPA Silences a Climate Skeptic  —  The professional penalty for offering a contrary view to elites like Al Gore is a smear campaign.  —  Printer  —  Friendly  —  Wherever Jim Hansen is right now — whatever speech the “censored” NASA scientist is giving — perhaps he'll find time to mention the plight of Alan Carlin.
Octavio Sánchez / Christian Science Monitor:
A ‘coup’ in Honduras?  Nonsense.  —  Don't believe the myth.  The arrest of President Zelaya represents the triumph of the rule of law.  —  TEGUCIGALPA, HONDURAS -  —  Sometimes, the whole world prefers a lie to the truth.  The White House, the United Nations, the Organization of American States …
RELATED:
Macon Telegraph:
ERICKSON: Who cares about Honduras?  —  Barack Obama has fundamentally shifted our foreign policy away from our own national interests in Honduras.  He aligns us with the interests of Hugo Chavez, Fidel Castro and a long list of South American drug cartels.
Tracy Wilkinson / Los Angeles Times:
Honduras' de facto leader open to early elections
R. Jeffrey Smith / Washington Post:
Court Filing Shows Evidence Cheney Swayed White House Response to CIA Leak  —  Discussions of CIA Agent Listed in Filing  —  A document filed in federal court this week by the Justice Department offers new evidence that former vice president Richard B. Cheney helped steer …
Shlomo Shamir / Haaretz:
Report: U.S. to block Iran sanctions at G8 summit  —  The United States is opposed to enacting a new set of financial sanctions against Iran that are due to be discussed in the G8 summit next week, diplomatic officials in New York reported Friday.  —  According to officials, sanctions against Iran are expected to top the G8's agenda.
Stan Liebowitz / Wall Street Journal:
New Evidence on the Foreclosure Crisis  —  Zero money down, not subprime loans, led to the mortgage meltdown.  —  Printer  —  Friendly  —  What is really behind the mushrooming rate of mortgage foreclosures since 2007?  The evidence from a huge national database containing millions …
Discussion: The Big Picture and Cafe Hayek
Myglesias / Matthew Yglesias:
Al Franken, Policy Wonk  —  Amy Klobuchar (D-MN) welcomed her new colleague Al Franken to the Senate with a fairly rude remark: “It's important he go against the grain of his past career and really get to know the issues.”  As Jon Chait says: … I have met Franken, years ago …
Discussion: New York Times
Ceci Connolly / Washington Post:
Obama, Party Tout Lower Figure for Health Reform  —  Senate Democrats and President Obama, trying to assuage fears about the cost of health reform, yesterday touted new estimates that put the price tag for one bill at $611 billion over the next decade.  —  But the measure drafted …
Discussion: Commentary
RELATED:
David Brooks / New York Times:
Chinese Fireworks Display  —  On July Fourth, we think about our country and its future.  But these days it's impossible to think about America and its future role in the world without also thinking about China.  This was the subject of a combative discussion this week at the Aspen Ideas Festival.
Discussion: James Fallows, Media Blog and marbury
Stephanie Simon / Wall Street Journal:
Christian Left Mounts Political Campaigns  —  Randy Brinson, a conservative political consultant in Alabama, has been fielding anxious calls for weeks from business interests across the South.  —  Their concern is massive ad blitz on Christian and country-music stations across 10 states.
Discussion: Macsmind and Right Wing News
Peter Berkowitz / Weekly Standard:
Bibi's Choice  —  Israel approaches a moment of decision on Iran's nuclear threat.  —  Don't be misled by how little was said about Iran in the major speeches recently delivered by President Barack Obama at Cairo University and Israeli prime minister Benjamin Netanyahu at Bar-Ilan University.
Discussion: Israel Matzav and Power Line
Chris Cillizza / The Fix:
Kristol vs Schmidt, Round 2  —  The war of words between conservative columnist Bill Kristol and Steve Schmidt, former campaign manager for John McCain's 2008 presidential bid, has ensnared another senior adviser, Mark Salter, who has come to Schmidt's defense after a recent appearance by Kristol on “Fox & Friends”.
Paul Krugman:
Smells like deflation  —  The grim jobs number wasn't the only scary thing in today's BLS report.  Here's the rate of wage change over the past three months, expressed as an annual rate: Bear in mind that inflation usually runs below the rate of wage change, thanks to productivity growth.
Discussion: Don Surber
John / Power Line:
Administration, Lobbyist, Journalist: Who Can Tell the Difference?  —  The news cycle these days is like time-lapse photography.  Stories are born, flower and pass out of sight again in a matter of hours.  For that matter, the Washington Post's “Salon” program didn't last much longer than that.
RELATED:
Catherine Clifford / CNNMoney.com:
Seven banks fail, pushing 2009 tally to 52  —  Regulators close six Illinois banks and one Texas bank, setting the FDIC back a total of $314.3 million.  —  NEW YORK (CNNMoney.com) — Seven banks were shut down by authorities Thursday, pushing the tally of failed banks for 2009 to 52, more than doubling the failures in 2008.
Discussion: The Page and AMERICAblog News
CNBC.com:
NY City Apartment Sales Down More Than 50%  —  Manhattan apartment sales plunged more than 50 percent and the average price dropped 21.4 to 24 percent from a year ago, as the U.S. recession forced many who own a piece of the Big Apple to eat humble pie, several reports said.
Nick Gillespie / Reason:
You Know The Real Reason Why Time Mag Is Going Down the Drain?  The Content!  —  For all the tears that get shed over the beginning of the middle of the end for Mr. Luce's mag and newsweeklies in general, one obvious explanation generally gets glossed over: They are mostly written …
Byron York / Washington Examiner:
Battle lines drawn in AmeriCorps IG scandal  —  Key Republicans in both the House and the Senate are accusing the White House of giving “incomplete and misleading” information to investigators probing the president's abrupt firing of AmeriCorps Inspector General Gerald Walpin.
Frederik Pleitgen / CNN:
Survivor still haunted by 1971 air crash  —  MUNICH, Germany (CNN) — Juliane Koepcke is not someone you'd expect to attract attention.  Plainly dressed and wearing prescription glasses, Koepcke sits behind her desk at the Zoological Center in Munich, Germany, where she's a librarian.
Robert G. Kaiser / Washington Post:
Book Review: ‘The Waxman Report’ by Henry Waxman  —  How Congress Really Works By Henry Waxman with Joshua Green  —  Twelve.  235 pp.  $24.99  —  Henry Waxman is to Congress what Ted Williams was to baseball — a natural.  As you read this nicely proportioned, fast- paced book …
Financial Times:
‘Rogue broker’ blamed for oil spike  —  The startling spike in oil prices to their highest level this year on Tuesday was caused by a rogue broker who placed a massive bet in the Brent oil market, triggering almost $10m (€7m) of losses for his company.  —  PVM Oil Associates …
A. G. Sulzberger / New York Times:
Bias Suit a Test of Resolve for Hispanic Man  —  NEW HAVEN — The two dozen firefighters who packed into Humphrey's East Restaurant were celebrating a coming marriage, drinking and jawboning in the boisterous style of large men with risky jobs, but Lt. Ben Vargas spent the evening trying to escape the tension surrounding his presence.
Discussion: AmSpecBlog
Bill Mears / CNN:
Judge admonished for explicit pics on Web site  —  WASHINGTON (CNN) — A judicial council on Thursday admonished the chief judge of the nation's largest federal appeals court for having “sexually explicit photos and videos” on his personal Web site, but decided against any further punishment.
Discussion: JONATHAN TURLEY
Julia Preston / New York Times:
U.S. Shifts Strategy on Illicit Work by Immigrants  —  Immigration authorities had bad news this week for American Apparel, the T-shirt maker based in downtown Los Angeles: About 1,800 of its employees appeared to be illegal immigrants not authorized to work in the United States.
 
 
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 More Items: 
Kathleen Hunter / Top Stories from CQ:
Majority Leader Shines in the Shadows
Matt Taibbi / Rolling Stone:
The Great American Bubble Machine
Harmeet Shah Singh / CNN:
Thrown pig leads to religious riots in India
Discussion: The Jawa Report
Charlie Savage / The Caucus:
Republicans Question Sotomayor's Role in Puerto Rican Group's Legal Battles
Andrew Grice / The Independent:
Exclusive: ‘Get real’ - Darling warns the bankers
Discussion: AMERICAblog News and Guardian
Kenneth Anderson / The Volokh Conspiracy:
Defining Snark: I have been reading David Denby's book, Snark.
 Earlier Items: 
The New Republic:
Make the Ask  —  This magazine has made no secret of its high regard for Barack Obama.
Discussion: The Moderate Voice
Hooman Majd / The New Republic:
Dawn of the Revolt
Peter Hamby / CNN:
Sanford book deal falls through