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3:50 PM ET, February 7, 2011

memeorandum

 Top Items: 
New York Times:
Betting on News, AOL Is Buying The Huffington Post  —  The Huffington Post, which began in 2005 with a meager $1 million investment and has grown into one of the most heavily visited news Web sites in the country, is being acquired by AOL in a deal that creates an unlikely pairing of two online media giants.
RELATED:
Arianna Huffington / The Huffington Post:
When HuffPost Met AOL: “A Merger of Visions”  —  I've used this space to make all sorts of important HuffPost announcements: new sections, new additions to the HuffPost team, new HuffPost features and new apps.  But none of them can hold a candle to what we are announcing today.
Felix Salmon:
HuffPo's future  —  The $315 million that AOL is paying for the Huffington Post is roughly 3X the valuation seen at its last capital raise two years ago, is 10X its 2010 revenues and is roughly 5X estimated forward 2011 revenues.  Those are all big numbers, but not insanely so …
The Huffington Post:
AOL Agrees To Acquire The Huffington Post
Shira Ovide / Deal Journal:
AOL Buys Huffington Post: Is It Crazy?
Chris Cillizza / The Fix:
Jane Harman to resign from Congress  —  California Rep. Jane Harman (D) will resign from Congress, according to two senior Democratic leadership aides, a surprise announcement that will set off a special election in her 36th district.  —  NBC's Andrea Mitchell, who broke the news of Harman's resignation …
RELATED:
The Politico:
Rep. Jane Harman to resign from House
Discussion: CNN, USA Today and Outside the Beltway
Roll Call:
Harman to Resign From Congress
Discussion: Crooks and Liars
Erik Wasson / The Hill:
THE HILL POLL: Voters oppose raising the $14.3T debt ceiling  —  Only 27 percent of likely voters favor raising the nation's $14.3 trillion debt ceiling, while 62 percent oppose it, according to an exclusive poll for The Hill.  —  The poll found solid opposition from Republicans …
RELATED:
Russell Berman / The Hill:
Now comes hard part for Boehner as run of Republican unity nears end
Discussion: Prairie Weather
The Politico:
How President Obama plays media like a fiddle  —  In early November, Barack Obama was one sad sack of a president—his agenda repudiated by midterm voters, his political judgment scorned by commentators, his future darkened by a growing belief he might be a one-time president.
Rich Lowry / National Review:
Bush 2012  —  John J. Miller has a cover story in the new issue of National Review that's a compelling portrait of the accomplishments of Jeb Bush.  Four years after leaving the Florida governor's mansion, he remains one of the most impressive Republican politicians in the country …
Zaid Jilani / ThinkProgress:
U.S. Envoy To Egypt Frank Wisner's Law Firm Has Represented The Mubarak Regime In The Past  —  Over the weekend, Secretary of State Hillary Clinton's hand-picked envoy to Egypt, former U.S. diplomat Frank Wisner, caused a diplomatic row when he suggested at the Munich Security Conference …
RELATED:
The Independent:
HJS003  —  By Yasmin Alibhai: Muslims are not wanted-david cameron …
Michael O'Brien / The Hill:
Blue Dogs have ‘no communication’ with Pelosi, Dem leadership, says Shuler  —  There's been “no communication” this Congress between House Minority Leader Nancy Pelosi (D-Calif.) and members of the centrist Blue Dog Coalition, one of its top members said Monday.
RELATED:
Patrick O'Connor / Washington Wire:
Bill Clinton to Meet With Blue Dogs
Discussion: Politics Daily
Mitch Daniels / Wall Street Journal:
An ObamaCare Appeal From the States  —  Twenty-one governors representing more than 115 million Americans have written to Kathleen Sebelius asking for more flexibility on health-care reform.  —  Unless you're in favor of a fully nationalized health-care system, the president's health-care reform law is a massive mistake.
RealClearPolitics Video Log:
Obama: Corporate Profits “Have To Be Shared By American Workers”  —  “If we're fighting to reform the tax code and increase exports, the benefits cannot just translate into greater profits and bonuses for those at the top.  They have to be shared by American workers, who need …
Paul Krugman / New York Times:
Droughts, Floods and Food  —  We're in the midst of a global food crisis — the second in three years.  World food prices hit a record in January, driven by huge increases in the prices of wheat, corn, sugar and oils.  These soaring prices have had only a modest effect on U.S. inflation …
Ben Smith / Ben Smith's Blog:
Beck blasts Kristol: ‘Do anything to keep their little fiefdom together’  —  Fox News's Glenn Beck lashed out at Weekly Standard editor Bill Kristol on his radio show this morning, accusing Kristol of betraying conservatism and missing the significance of what Beck sees as an alliance between Islamism and socialism.
Carrie Budoff Brown / The Politico:
Senators look for immigration deal  —  Sens. Lindsey Graham (R-S.C.) and Chuck Schumer (D-N.Y.) have rekindled their alliance on immigration reform, taking some early steps to test the political will for addressing the contentious issue this year.  —  Their call list hasn't focused …
Stephanie Simon / Wall Street Journal:
A License to Shampoo: Jobs Needing State Approval Rise  —  Amid calls for shrinking government, lawmakers across the country are vowing to cut regulations that crimp economic growth.  President Barack Obama recently said it's time to root out laws that “are just plain dumb.”
Rick Klein / ABCNEWS:
Donald Rumsfeld to Diane Sawyer: 'It's Possible' Troop Decisions Were a Mistake in Iraq  —  ‘Not the Case’ That Iraq Is Like Vietnam; Denies Turning Bush's Attention to Iraq Post-9/11  —  More than four years after leaving public life, former Defense Secretary Donald Rumsfeld continues …
Discussion: The Note, Reuters, Hot Air and TPMDC
Richard Fausset / Los Angeles Times:
Conservative Democrats switch to GOP across the Deep South  —  Defections reflect the Democrats' drubbing in the midterm election and Republicans' consolidation of power in the South.  —  Reporting from Atlanta — For Democrats, Ashley Bell was the kind of comer that a party builds a future on …
Jnessel / Center for Constitutional Rights:
CCR Announces Bush Indictment for Convention Against Torture Signatory States  —  No Immunity for Former Presidents Under Law  —  Geneva and New York - Today, two torture victims were to have filed criminal complaints, with more than 2,500-pages of supporting material …
 
 
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 More Items: 
The Huffington Post:
Obama Chamber Of Commerce Speech (FULL TEXT)
Discussion: Yglesias and Weigel
IowaPolitics.com:
The FAMilY LEADER: Texas congressman Ron Paul accepts The FAMiLY …
Michael D. Shear / The Caucus:
In Speech to Chamber, Obama Urges Businesses to ‘Get in the Game’
Discussion: Outside the Beltway
Charles J. Dean / al.com:
GOP insiders reported urging former Alabama Gov. Bob Riley to run for White House
Discussion: Politics
Digby / Hullabaloo:
Rush Hour Libertarians
Discussion: Hit & Run
Shashank Bengali / McClatchy Washington Bureau:
Despite talk of concessions, Egyptian military cracking down
Discussion: Hot Air and ThinkProgress
 Earlier Items: 
Andy Barr / The Politico:
McDonnell: GOP not ready for Obama
Discussion: Taegan Goddard's …
Evan Halper / Los Angeles Times:
Texas' finances not as rosy as they seemed
SKP Foundation / Facebook:
NEWS FLASH: Event Featuring Sarah Palin Canceled
Matthew Boyle / The Daily Caller:
NAACP won't directly address racism leveled against Clarence Thomas …
Discussion: Weasel Zippers and Commentary
Daily Mail:
One-legged Afghan Red Cross worker set to be hanged after converting to Christianity
Discussion: Weasel Zippers and Pajamas Media
Rand Paul / Wall Street Journal:
A Modest $500 Billion Proposal