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1:20 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:
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.
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 …
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 …
Christina Romer / White House.gov Blog Feed:
The Employment Situation in April
Discussion: The Hill and msnbc.com
Phil Izzo / Real Time Economics:
Broader U-6 Unemployment Rate Increases to 17.1% in April
Discussion: Atlas Shrugs and Hot Air
Wall Street Journal:
U.S. Economy Added 290,000 Jobs in April
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:
BBC:
First hung parliament in UK for decades
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
Times of London:
Nick Clegg offers coalition talks to David Cameron
Discussion: The Agonist
New York Times:
Tories Gain but Fail to Take Parliament
Mike Allen / The Politico:
Obama's Court pick is imminent — POTUS to seek line-item veto — Britain sorting out ‘hung parliament’ — Did Dow tank on ‘fat finger error’?  — Palin + Facebook = Yahtzee  —  DRIVING NEXT WEEK — Look for President Obama to name his Supreme Court pick Monday, and look …
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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
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.
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 and Eschaton
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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 …
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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.
RELATED:
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 …
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 …
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
Dave Itzkoff / ArtsBeat:
Michael Moore Says Judge's Ruling Could Have ‘Chilling Effect’ on Documentaries  —  The director Michael Moore says that a federal judge's ruling to allow Chevron to subpoena footage from the documentary “Crude” could have dire consequences on the documentary filmmaking process …
Discussion: New York Times and Law Blog
Darren Samuelsohn / New York Times:
Graham Says He Could Vote for Climate Bill, but Oil Spill Requires a ‘Time-Out’  —  Sen. Lindsey Graham sees himself as a possible 60th vote on the comprehensive energy and climate bill.  —  But the South Carolina Republican doubts the debate will even get that far, at least …
RELATED:
Ben Geman / The Hill:
Lieberman: Offshore drilling in climate bill getting a ‘second look’
Discussion: The Politico and The Hill
Wall Street Journal:
Goldman, SEC Discuss Settlement  —  Sides Remain Far Apart as Criminal Probe, Deal Structure Pose Hurdles; Shareholder Meeting Today  —  Goldman Sachs Group Inc. lawyers met this week with representatives of the Securities and Exchange Commission in a first step toward a potential settlement …
RELATED:
New York Times:
A.I.G. Is Said to Replace Goldman as Top Adviser
Discussion: The Big Picture
New York Times:
Regulator Deferred to Oil Industry on Offshore Rig Safety  —  WASHINGTON — Federal regulators warned offshore rig operators more than a decade ago that they needed to install backup systems to control the giant undersea valves known as blowout preventers, used to cut off the flow of oil from a well in an emergency.
Amanda Terkel / Think Progress:
The ‘Woodstock’ of Tea Parties planned for 9/11 anniversary.  —  Last year, the Tea Party movement gathered in Washington, DC for a widely publicized rally on Sept. 12.  Fox News host Glenn Beck, the brains behind the march, implored people to attend by saying that they “may be the only thing that stands between freedom and slavery.”
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.
 
 
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 More Items: 
Andrew Malcolm / Top of the Ticket:
Al Franken takes over the U.S. Senate floor to explain a newspaper …
Discussion: Hot Air
Ronald Brownstein / National Journal Online:
The Conservative Tide  —  A PARTY TOO NARROW FOR SPECTER …
Discussion: The Note and Hit & Run
Capitol Ideas with John L. Micek:
New MC/Muhl Poll: Specter, Sestak Tied!
 Earlier Items: 
Chris Amico / Online NewsHour:
How Much Oil Has Leaked Into the Gulf of Mexico?
Reid Wilson / Hotline On Call:
Confidence Improves, But Trust Hurts Obama
Washington Post:
Oil riggers on ship that exploded in Gulf of Mexico describe fateful night
Discussion: Balloon Juice