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3:30 PM ET, May 7, 2010

memeorandum

 Top Items: 
Christine Hauser / New York Times:
U.S. Adds 290,000 Jobs in April; Rate Rises to 9.9%  —  The American economy added an unexpectedly strong 290,000 jobs in April, while the unemployment rate rose to 9.9 percent, the government said Friday.  —  Analysts had expected a gain of about 190,000 in the month.
RELATED:
Steve Benen / Washington Monthly:
AT LONG LAST, U.S. JOB MARKET STARTS TO LOOK PRETTY GOOD.... It seemed all but certain that the economy added jobs in April; the question was how many, and the extent to which the larger trend would be encouraging or discouraging.  —  With that in mind, the new from the Bureau of Labor Statistics offered …
Phil Izzo / Real Time Economics:
Broader U-6 Unemployment Rate Increases to 17.1% in April  —  The U.S. jobless rate rose to 9.9% in April, the first increase in three months, but the government's broader measure of unemployment ticked up for the third month in a row, rising 0.2 percentage point to 17.1%.
Discussion: Hot Air, Clusterstock and Atlas Shrugs
Jeannine Aversa / Associated Press:
Jobs up 290,000; jobless rate rises to 9.9 pct.  —  WASHINGTON — More confident employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years.  The jobless rate rose to 9.9 percent as people streamed back into the market looking for work.
Wall Street Journal:
U.S. Economy Added 290,000 Jobs in April
RELATED:
Jackie Calmes / New York Times:
Obama to Seek More Power to Cut Spending From Bills  —  WASHINGTON — President Obama, in his latest effort to signal fiscal responsibility against the rising debt, plans this month to ask Congress to give him and future presidents greater power to try to delete individual items from spending bills.
Katharine Q. Seelye / New York Times:
Potential Court Pick Faced Dilemma at Harvard
Discussion: Main Justice and RedState
Ben Smith / Ben Smith's Blog:
Kagan under fire on Goldman, minorities
Discussion: TPMDC, SCOTUSblog, Raw Story and The BLT
BBC:
Brown ‘respects’ Clegg-Tory talks  —  Gordon Brown has said he “respects” the right of the Lib Dems to talk to the Tories about forming a government.  —  But he said he was still PM and, if talks failed, would open negotiations with the Lib Dems, after the election resulted in a hung parliament.
RELATED:
Telegraph:
General Election 2010: Nick Clegg says Conservatives have the right to govern
Discussion: Guardian and Hot Air
BBC:
Cameron offer to build UK government
Joe / Joe. My. God.:
My Interview With Jo-Vanni Roman  —  Around 1am this morning I got tipped by one of the guys at Unzipped that Jo-Vanni Roman was finally ready to speak with me.  Five minutes later I had him on the phone from Fort Lauderdale, but not before I alerted Father Tony to be ready to rush over to him immediately for a video interview.
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Miami New / Riptide 2.0:
Things Rekers Said To Lucien When He Didn't Think We Were Listening  —  Anti-gay activist George Alan Rekers contends in an earlier post on Riptide that he did not hire a young gay escort named Lucien as a prostitute.  But what the minister — who hasn't returned calls seeking comment …
Myglesias / Matthew Yglesias:
The ECB's Bad Reputation  —  Neal Irwin explains that the European Central Bank could take decisive action to avert disaster in Europe but almost certainly won't for no real reason: … Dean Baker wonders what about the ECB's reputation as a competent central bank, arguing:
Discussion: Washington Post, CEPR and Eschaton
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New York Times:
Policy Makers Seek to Calm Markets as Slide Continues
Discussion: Newsweek Blogs and Swampland
Catherine Rampell / Economix:
Comparing This Recession to Previous Ones: Job Changes  —  Horizontal axis shows months.  Vertical axis shows the ratio of that month's nonfarm payrolls to the nonfarm payrolls at the start of recession.  Note: Because employment is a lagging indicator, the dates for these employment trends …
Discussion: Eschaton
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Christina Romer / White House.gov Blog Feed:
The Employment Situation in April
Discussion: The Hill and msnbc.com
The Huffington Post:
Senate Votes For Wall Street; Megabanks To Remain Behemoths  —  What's Your Reaction: … A move to break up major Wall Street banks failed Thursday night by a vote of 61 to 33.  —  Three Republicans, Richard Shelby of Alabama, Tom Coburn of Oklahoma and John Ensign of Nevada …
RELATED:
Tim Fernholz / American Prospect:
Financial Reform Update: Kaufman-Brown Defeated.
The Smoking Gun:
For Airport Security, Size Matters  —  Cops: New high-tech screener triggered fight over manhood insult  —  A Transportation Security Administration screener is facing an assault rap after he allegedly beat a co-worker who joked about the size of the man's genitalia after he walked through a security scanner.
RELATED:
NBC Miami:
Suspicious Package: TSA Worker Jailed After Junk Joke
New York Times:
High-Speed Trading Glitch Costs Investors Billions  —  The glitch that sent markets tumbling Thursday was years in the making, driven by the rise of computers that transformed stock trading more in the last 20 years than in the previous 200.  —  The old system of floor traders matching buyers …
Yves Smith / naked capitalism:
On the Fat Fingered Trade and Market Freakout  —  We'll know in due course, now that an investigation is underway, why the equity markets in the US went into complete freefall for about twenty minutes, with the Dow dropping 998 points.  Per Bloomberg: … Yves here.
Discussion: Angry Bear and Credit Writedowns
RELATED:
Andrew Malcolm / Top of the Ticket:
Al Franken takes over the U.S. Senate floor to explain a newspaper cartoon to the waiting nation  —  All we can say is thank goodness Minnesota's newest Democratic U.S. senator, Al Franken, was on duty Thursday.  —  We were poring through one of America's most glorious man-caused treasures …
Discussion: Hot Air
New York Times:
Bill Targets Citizenship of Terrorists' Allies  —  WASHINGTON — Proposed legislation that would allow the government to revoke American citizenship from people suspected of allying themselves with terrorists set off a legal and political debate Thursday that scrambled some of the usual partisan lines on civil-liberties issues.
Caroline Glick:
Time to plan for war  —  So much for US President Barack Obama's famed powers of persuasion.  At the UN's Nuclear Non-Poliferation Treaty review conference which opened this week, the Obama administration managed to lose control over the agenda before the conference even started.
John Lyon / Arkansas News:
Poll: Lincoln leads Halter; Boozman leads both Democrats  —  LITTLE ROCK — A new poll commissioned by the Arkansas News Bureau/Stephens Media shows U.S. Sen. Blanche Lincoln, D-Ark., with a 12-point lead over Lt. Gov. Bill Halter, the chief Democratic challenger to Lincoln's re-election bid.
 
 
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 More Items: 
Jonathan Saltzman / Boston Globe:
Case is made vs. US marriage law
Ezra Klein:
Secret holds are not the problem (but the Democrats would like …
Dave Itzkoff / ArtsBeat:
Michael Moore Says Judge's Ruling Could Have ‘Chilling Effect’ on Documentaries
Discussion: New York Times and Law Blog
Ronald Brownstein / National Journal Online:
The Conservative Tide  —  A PARTY TOO NARROW FOR SPECTER …
Discussion: The Note and Hit & Run
Jeff Sessions / Washington Post:
Americans look for Supreme Court to restrain federal power, not expand it
Ben Geman / The Hill:
Lieberman: Offshore drilling in climate bill getting a ‘second look’
 Earlier Items: 
Capitol Ideas with John L. Micek:
New MC/Muhl Poll: Specter, Sestak Tied!
Chris Amico / Online NewsHour:
How Much Oil Has Leaked Into the Gulf of Mexico?
Tom Lauricella / Wall Street Journal:
Market Plunge Baffles Wall Street
Discussion: Tammy Bruce and Washington Post
Washington Post:
Oil riggers on ship that exploded in Gulf of Mexico describe fateful night
Discussion: Balloon Juice