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10:35 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 …
BBC:
Conservatives head for big gains  —  Early general election results suggest the Conservatives are on course to be the largest party in a hung parliament.  —  The Tories are hopeful of gaining enough seats to govern, although they may fall just short of a majority.
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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: 4.1%  —  • Lib Dems are doing worse than expected  —  • NI first minister Peter Robinson and Lib Dem Lembit Öpik have lost their seats
FiveThirtyEight:
Liveblog: UK Election Returns  —  2:50 AM.  Very few results in from London so far — only 3 constituencies have reported.  —  2:45 AM.  Two impressive Tory gains in Erewash (from Labour) and Harrogate (from LDs).  The Conservative-LibDem marginals in particular appear to be behaving very unpredictably.
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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Larry O'Dell / Associated Press:
Va. military jury finds Navy SEAL not guilty  —  NORFOLK, Va. — A military jury in Virginia found a Navy SEAL not guilty Thursday on charges of punching a suspected Iraqi terrorist.  —  Jurors deliberated about an hour and 40 minutes before returning their verdict in the court-martial of Petty Officer 2nd Class Matthew McCabe.
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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Ed Morrissey / Hot Air:
Shocker: Major corporations may dump health insurance, pay penalties instead
CNNMoney.com:
Health care law's massive, hidden tax change
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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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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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 …
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Megan McArdle / The Atlantic Online:
What the Hell Just Happened in the Market?
Discussion: Business Week and New Atlanticist
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.
The Huffington Post:
Reid Backs Breaking Up Banks, Auditing Fed  —  WHAT'S YOUR REACTION?  —  Harry Reid will make sure that an amendment to break up megabanks and cap their size comes up for a vote, the Senate majority leader said.  He added that he was leaning heavily toward voting for the amendment …
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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:   With 2 Republicans, financial overhaul bill moves toward approval
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: CNN and The Politico
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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 …
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Spencer Ackerman / The Washington Independent:
Khadr Was Told a ‘Fictitious Story’ About a Young Afghan Being Raped and Killed
Discussion: Raw Story and Emptywheel
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 …
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.
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.
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
Paul / Power Line:
The stealth law professor  —  It must always be tempting for presidents to nominate Supreme Court Justices who lack a long record of deciding federal cases.  The fewer judicial opinions rendered, the less there probably will be to shoot at.  —  But law professors tend not to be ideal “stealth nominees.”
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.
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...”
 
 
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 More Items: 
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 …
Joe Weisenthal / Clusterstock:
THE MOST EXCITING MOMENT IN CNBC HISTORY: Jim Cramer Saves The Market
Discussion: Newsbroke, Media Decoder and Wonkette
Associated Press:
“Cash for Caulkers” Bill Passes House
Discussion: CNN and The Hill
Jim Geraghty / National Review:
Ranking Those 99 House Races By Degree of Difficulty for GOP Challengers
Discussion: Newsbroke
 Earlier Items: 
David Gelernter / Weekly Standard:
See No Evil  —  Daniel Pipes is one of several commentators …
Discussion: National Review
Washington Times:
Ex-CIA lawyer: Gitmo IDs graver than Plame leak
Discussion: Emptywheel
David Weigel / Right Now:
A people's history of ‘teabag’
Jason Mattera / Human Events:
Exclusive: Rubio Clarifies Critique of Arizona Law