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3:10 AM ET, May 7, 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 …
Scott Patterson / Wall Street Journal:
Did Shutdowns Make Plunge Worse?
Discussion: Money & Company
Christine Hauser / New York Times:
Markets Plunge, Then Stage a Rebound
BBC:
UK ‘wakes up to hung Parliament’  —  With more than 500 general election results in out of 650, the BBC is predicting a hung Parliament with the Tories as the largest party.  —  Labour cannot now win a majority, but it is not clear which party will be in a position to form a government.
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Andrew Sparrow / Guardian:
General election 2010: results - live!  —  • Exit poll shows Con 305, Lab 255, LD 61  —  • Swing from Labour to Tories so far: 5.2%  —  • Cameron says Labour has lost mandate to govern  —  • Former home secretary Charles Clarke loses seat  —  • Greens win in Brighton, BNP fail to win in Barking
FiveThirtyEight:
Liveblog: UK Election Returns  —  5:20 [Renard] Best the Lib Dems could ask for is legitimacy at this point — something only the Tories would be able to do.  Embarrassing losses in Edinburgh South, Oxford East, Devon Central, etc have shown they are not ready yet to be a national force.
Anthony Wells / UK Polling Report:
About tonight's exit poll
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Michelle Oddis / Human Events:
BREAKING: Navy SEAL McCabe Found Not Guilty  —  NORFOLK, Va. - Navy SEAL Officer 2nd Class Matthew McCabe was found not guilty Thursday evening on charges of assaulting detained terrorist Ahmed Hashim Abed, dereliction of duty, and impeding an investigation based on a false statement.
Allahpundit / Hot Air:
Breaking: Last Navy SEAL acquitted of abusing Iraqi terrorist; Video: SEAL interview added  —  He was the only one of the three charged with actual assault, and even so, it took just an hour and 40 minutes to acquit him.  Why so quick?  Because the prosecution's case collapsed:
Larry O'Dell / Associated Press:
Va. military jury finds Navy SEAL not guilty
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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Andy McCarthy / The Corner on National Review Online:
Disgraceful Leaking — By: Andy McCarthy  —  As I explained in this post last evening, there seems to have been no good reason to file the arrest complaint against Faisal Shahzad publicly, and to have done so in a way that showed he was cooperating.  All that does is alert co-conspirators …
Discussion: NewsReal Blog
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Dina Temple-Raston / NPR:   How Media Coverage Crimped The Times Square Case
Political Punch:
White House Gives Chilly Reception to Lieberman's Citizenship-Stripping Bill  —  White House press secretary Robert Gibbs today indicated no one in the White House supports the legislation introduced today by Sens. Joe Lieberman, I-Conn., that would give the State Department the power to revoke …
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Russell Berman / The Hill:
Pelosi: ‘Be very careful’ about Lieberman, Brown terror citizen bill
Discussion: The Politico, CNN and pa2010.com
Adam Serwer / American Prospect:
They're Calling It the “TEA” Act.
Discussion: Crooks and Liars and Hullabaloo
Spencer Ackerman / The Washington Independent:
Pentagon Bans Four Journalists From Guantanamo Bay for Reporting Interrogator #1's Name  —  GUANTANAMO BAY — Two weeks' worth of proceedings in the pre-trial hearing of Omar Khadr found an unexpected meta-conclusion this afternoon as the public affairs shop in the Office of the Secretary …
RELATED:
Spencer Ackerman / The Washington Independent:
Khadr Was Told a ‘Fictitious Story’ About a Young Afghan Being Raped and Killed
Discussion: Raw Story and Emptywheel
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 …
RELATED:
CNNMoney.com:
Health care law's massive, hidden tax change
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.
Nicholas Wade / New York Times:
Signs of Neanderthals Mating With Humans  —  Neanderthals mated with some modern humans after all and left their imprint in the human genome, a team of biologists has reported in the first detailed analysis of the Neanderthal genetic sequence.  —  The biologists, led by Svante Paabo …
Discussion: Guardian
Joe Weisenthal / Silicon Alley Insider:
THE MOST EXCITING MOMENT IN CNBC HISTORY: Jim Cramer Saves The Market  —  If you missed it, here's the instant-classic video of Erin Burnett and Jim Cramer going nuts together as the Dow collapsed and then rebounds  —  Check our more artistic version of the day's events …
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 …
RELATED:
Megan McArdle / The Atlantic Online:
What the Hell Just Happened in the Market?
Discussion: Business Week and New Atlanticist
Brady Dennis / Washington Post:
With 2 Republicans, financial overhaul bill moves toward approval  —  The effort to overhaul the nation's financial regulations cleared a crucial hurdle Thursday in the Senate, a signal that the landmark legislation, long stalled by filibuster threats and partisan standoffs, could be on the fast track toward passage.
Discussion: Indecision Forever
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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 …
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 …
Genaro C. Armas / Associated Press:
Dems fear losing four-decade grip on Pa. seat  —  JOHNSTOWN, Pa. — In what was the late U.S. Rep. John Murtha's western Pennsylvania district — reachable through John Murtha Johnstown-Cambria County Airport or John P. Murtha Highway — Democrats watch nervously, hoping his former top aide can hold on to the House seat.
 
 
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 More Items: 
Denise Grady / New York Times:
Cancer Society Criticizes U.S. Panel as Overstating Risk
Discussion: THE ASTUTE BLOGGERS
Julius Genachowski / The National Broadband Plan:
IN THIS STATEMENT  —  Many have asked about the FCC's next steps …
John Amato / Crooks and Liars:
Charles Barkley, Kenny Smith and Chris Webber blast Arizona's SB 1070 …
Associated Press:
“Cash for Caulkers” Bill Passes House
Discussion: The Hill and CNN
Paul / Power Line:
The stealth law professor
Ezra Klein:
Dick Durbin: Let my nominees go!
Discussion: CNN and The Hill
 Earlier Items: 
Beth Reinhard / MiamiHerald.com:
Poll: Charlie Crist holds lead in U.S. Senate race — for now
Jim Geraghty / National Review:
Ranking Those 99 House Races By Degree of Difficulty for GOP Challengers
Discussion: Newsbroke
David Gelernter / Weekly Standard:
See No Evil  —  Daniel Pipes is one of several commentators …
Discussion: National Review
Rachel Slajda / TPMDC:
Newly Elected, ‘Joe The Plumber’ Picks Dark Horse In 2012
The ChamberPost:
Truth is the First Casualty of Kos