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9:25 PM ET, May 6, 2010

memeorandum

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Wall Street Journal:
Dow Takes Harrowing 1,010.14-Point Trip  —  Biggest Point Fall, Before a Snapback; A Data Jumble  —  Traders work on the floor of the New York Stock Exchange May 6.  —  A bad day in the financial markets was made worse by an apparent trading glitch, leaving traders and investors nervous …
Jeff Cox / CNBC:
Greek Debt Crisis On Verge Of ‘Going Global’: Pimco's El-Erian  —  Problems with Greek debt are about to spread to other countries and could infect the US unless the nation tackles its own mounting problems, Pimco's Mohamed El-Erian told CNBC.  —  About an hour or so after El-Erian spoke …
Megan McArdle / The Atlantic Online:
What the Hell Just Happened in the Market?  —  For those who don't have Bloomberg News on 24/7, the Dow just dropped almost 1,000 points, before bouncing back to . . . well, to being down a mere 400 points.  What on earth is going on?  —  Immediate theories:  — It was the computers, stupid.
Discussion: Business Week and New Atlanticist
Christine Hauser / New York Times:
Markets Plunge, Then Stage a Rebound
BBC:
Tories ‘just short of majority’  —  David Cameron will fall 21 seats short of a Commons majority, according to a BBC/Sky/ITV general election exit poll.  —  The Conservatives would have 305 MPs, up 95 on 2005, Labour would have 255, down 94, and the Lib Dems 61, down 1.  Nationalists and others would have 29.
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Andrew Sparrow / Guardian:
General election 2010: results - live!  —  • Exit poll shows Con 305, Lab 255, LD 61  —  • Northern Ireland first minister Peter Robinson has lost his seat  —  • Tories say Brown will have no right to form government if exit poll accurate  —  • Labour making coalition overtures to Lib Dems
FiveThirtyEight:
Liveblog: UK Election Returns  —  2:17 AM.  Hard to find many patterns here, to be honest, other than that LibDems are having a very disappointing night.  —  2:11 AM.  Intrade chances of Conservative majority down to 37.3.  Clearly Labour are getting some better results here than they were early …
Sarah Palin / Facebook:
Let's shake it up in California!  —  I'd like to tell you about a Commonsense Conservative running for office in California this year.  She grew up in a modest home with a school teacher dad, worked her way through several colleges, and then entered an arena where few women had tread.
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George Kiriyama / NBC Bay Area:
Students Kicked Off Campus for Wearing American Flag Tees  —  Freedom of expression or cultural disrespect on Cinco de Mayo?  —  TWITTER  —  On any other day at Live Oak High School in Morgan Hill, Daniel Galli and his four friends would not even be noticed for wearing T-shirts with the American flag.
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Lindsay Bryant / The Gilroy Dispatch:
Five Morgan Hill students sent home for wearing American flag T-shirts
Shawn Tully / Fortune:
Documents reveal AT&T, Verizon, others, thought about dropping employer-sponsored benefits  —  (Fortune) — The great mystery surrounding the historic health care bill is how the corporations that provide coverage for most Americans — coverage they know and prize — will react …
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Andrew Romano / Newsweek Blogs:
Why the Media Ignored the Nashville Flood  —  As you may have heard, torrential downpours in the southeast flooded the Tennessee capital of Nashville over the weekend, lifting the Cumberland River 13 feet above flood stage, causing an estimated $1 billion in damage, and killing more than 30 people.
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Ezra Klein:
Dick Durbin: Let my nominees go!  —  The Senate confirmation process has bogged down.  Sometimes, the delay is public, as when Richard Shelby placed a hold on all nominees.  Sometimes, the delay is opaque, as in the case of secret holds.  But the outcome has been a dysfunctional process …
Discussion: CNN and The Hill
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Michael O'Brien / The Hill:
Dems come out swinging against GOP consumer protection measure
Discussion: The Politico and CNN
Brady Dennis / Washington Post:   Senate Democrats block GOP measure to limit financial reform
Miami New / Riptide 2.0:
George Rekers Is a Homosexual, Escort Says  —  Rekers allegedly named his favorite maneuver the “long stroke” — a complicated caress “across his penis, thigh... and his anus over the butt cheeks,” as the escort puts it.  “Rekers liked to be rubbed down there,” he says.
ABCNEWS:
Sources: Shahzad Had Contact With Awlaki, Taliban Chief, and Mumbai Massacre Mastermind  —  Faisal Shahzad Said To Have Linked Up With Taliban Through Internet, But Already High-Placed Contacts  —  Accused Times Square Bomber Faisal Shahzad linked up with the Pakistani Taliban through the internet …
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Russell Berman / The Hill:
Pelosi: ‘Be very careful’ about Lieberman, Brown terror citizen bill  —  House Speaker Nancy Pelosi said she likes the “spirit” of a proposal to strip the citizenship of Americans who join terrorist groups but stopped short of backing the measure.  —  The bill introduced Thursday by Sens. Joseph Lieberman …
Discussion: The Politico and CNN
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Gail Collins / New York Times:
Congress, Up In Arms  —  There seems to be a strong sentiment in Congress that the only constitutional right suspected terrorists have is the right to bear arms.  —  “I think you're going too far here,” said Senator Lindsey Graham of South Carolina at a hearing of the Senate Homeland Security Committee on Wednesday.
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Alex Isenstadt / The Politico:
DCCC to ‘re-evaluate’ Hawaii special  —  The Democratic Congressional Campaign Committee is re-evaluating whether to continue to spend money in this month's Hawaii special election, Chairman Chris Van Hollen told POLITICO Thursday.  —  With former Democratic Rep. Ed Case …
Beth Reinhard / MiamiHerald.com:
Poll: Charlie Crist holds lead in U.S. Senate race — for now  —  Gov. Charlie Crist holds an early lead as an independent candidate in the U.S. Senate race, but his edge is a “proverbial house of cards,” according to a new poll, because support from Democratic and black voters is unlikely to hold up through the Nov. 2 election.
The ChamberPost:
Truth is the First Casualty of Kos  —  Last Friday Markos Moulitsas, the Kos in DailyKos, put up a fundraising post titled “AR-Sen: Hell to Pay: Chamber-backed group runs racist ad against Bill Halter.”  After displaying the ad the bulk of the post starts with “The group running this ad is funded by the U.S. Chamber of Commerce...”
Discussion: Moe Lane and Ben Smith's Blog
David Catanese / The Politico:
Dem chair: Sestak win ‘cataclysmic’  —  The chairman of the Pennsylvania Democratic Party issued a severe warning to members of his party this week, declaring that nominating Rep. Joe Sestak over Sen. Arlen Specter could have “cataclysmic” consequences for the Senate campaign this fall.
Kevin D. Williamson / The Corner on National …:
Eric Cantor: Not Jewish Enough for Matt Yglesias — By: Kevin D. Williamson  —  I hate even to take notice of this sort of thing, but it is bothersome: … Just as Clarence Thomas and Condoleezza Rice are abominated for the crime of being black and conservative, Miguel Estrada for being Hispanic …
Discussion: Matthew Yglesias and Right Now
The Politico:
Rove, GOP plot vast network to reclaim power  —  The Republican Party's best-connected political operatives have quietly built a massive fundraising, organizing and advertising machine based on the model assembled by Democrats early in the decade, and with the same ambitious goal — to recapture Congress and the White House.
The Live Feed | THR:
Comedy Central developing Jesus Christ cartoon  —  Comedy Central might censor every image of the Prophet Muhammad on “South Park,” yet the network is developing a whole animated series around Jesus Christ.  —  As part of the network's upfront presentation to advertisers (full slate here) …
 
 
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 More Items: 
Associated Press:
“Cash for Caulkers” Bill Passes House
Discussion: CNN and The Hill
Paul / Power Line:
The stealth law professor
PZ Myers / Pharyngula:
Whatever happened to “first, do no harm”?
Jim Geraghty / National Review:
Ranking Those 99 House Races By Degree of Difficulty for GOP Challengers
Discussion: Newsbroke
 Earlier Items: 
Markham Heid / Washington Examiner:
New recycling bins with tracking chips coming to Alexandria
Discussion: Townhall.com and Moonbattery
David Gelernter / Weekly Standard:
See No Evil  —  Daniel Pipes is one of several commentators …
Discussion: National Review
Spencer Ackerman / The Washington Independent:
Khadr Was Told a ‘Fictitious Story’ About a Young Afghan Being Raped and Killed
Discussion: Emptywheel and Balloon Juice
Washington Times:
Ex-CIA lawyer: Gitmo IDs graver than Plame leak
Discussion: Emptywheel
David Weigel / Right Now:
A people's history of ‘teabag’