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1:20 PM ET, July 17, 2011

memeorandum

 Top Items: 
Guardian:
Rebekah Brooks arrested over phone-hacking allegations  —  Spokesman for Rebekah Brooks says she did not know she was going to be arrested when she handed in her resignation  —  Rebekah Brooks has been arrested by police investigating allegations of phone hacking by the News of the World …
RELATED:
New York Times:
British Police Arrest Rebekah Brooks in Phone Hacking  —  LONDON — The British police on Sunday arrested Rebekah Brooks, the former head of Rupert Murdoch's media operations in Britain, according to a former associate at News International, the newspaper group at the heart …
BBC:
Rebekah Brooks arrested by hacking police  —  Rebekah Brooks resigned as chief executive of News International on Friday  —  Ex-News International chief executive Rebekah Brooks has been arrested by police investigating phone hacking and bribery at the News of the World.
Discussion: The Daily Dish
Reid Wilson / NationalJournal.com:
Congressional GOP Leaders Slowly Convincing Newer Members of Importance of Raising Debt Ceiling  —  Boehner: He would have to bring newer members of his caucus along for a deal to be struck.  —  Sometimes your closest allies can become your biggest headaches.
RELATED:
Alec MacGillis / Washington Post:
Top lawmakers target ‘grand bargain’ for debt plan  —  Even as President Obama and congressional leaders focus on a fallback plan to lift the nation's debt ceiling, top Democrats and Republicans have begun to map a new way to craft the same sort of ambitious deficit-cutting plan they abandoned last week.
David Leonhardt / New York Times:
We're Spent  —  THERE is no shortage of explanations for the economy's maddening inability to leave behind the Great Recession and start adding large numbers of jobs: The deficit is too big.  The stimulus was flawed.  China is overtaking us.  Businesses are overregulated.  Wall Street is underregulated.
Abby Phillip / The Politico:
Graham: 'We're becoming Greece'  —  Sen. Lindsey Graham (R-S.C.) says a balanced budget is the only way to deal with the country's long term fiscal situation, even as the White House continues to reject the proposal as “draconian.”  —  Appearing on CNN's “State of the Union” Sunday …
Discussion: Washington Monthly
RELATED:
Vicki Needham / The Hill:
White House budget director sees progress in debt-ceiling talks
Discussion: The Politico
Jason Clayworth / Iowa Caucuses:
Texas' Rick Perry starting to feel ‘called’ to run for president  —  The Texan with the slight Southern drawl who has called dozens of top Iowa Republican activists in the past few weeks sounds more and more like he's about to run for president.  —  “I'm not ready to tell you that I'm ready …
Jane Fonda:
QVC Cancelled My Appearance!!  —  I was to have been on QVC today to introduce my book, “Prime Time,” about aging and the life cycle.  The network said they got a lot of calls yesterday criticizing me for my opposition to the Vietnam War and threatening to boycott the show if I was allowed to appear.
Gschwarzcnn / CNN:
Giuliani makes his presidential case  —  (CNN) - Rudy Giuliani said he's uniquely qualified to be president given the economic turnaround in New York City over which he presided as mayor.  —  Giuliani said the Big Apple experienced a drop in the number of residents on welfare …
RELATED:
Gschwarzcnn / CNN:
TRENDING: Giuliani to GOP: Stay out of gay marriage
Manu Raju / The Politico:
Cain: Americans should be able to ban mosques  —  Herman Cain says voters across the country should have the right to prevent Muslims from building mosques in their communities.  —  In an exchange on “Fox News Sunday,” the Republican presidential contender said that he sided …
Paul Krugman:
Italy Versus Japan  —  A question (to which I don't have the full answer): why are the interest rates on Italian and Japanese debt so different?  As of right now, 10-year Japanese bonds are yielding 1.09%; 10-year Italian bonds 5.76%.  —  I ask this because in a number of ways the two countries look similar.
Discussion: TheMoneyIllusion and Noahpinion
The Columbus Dispatch:
Cordray is Obama's choice to lead Consumer Financial Protection Bureau  —  President Barack Obama will nominate former Ohio Attorney General Richard Cordray to head a powerful new consumer protection agency, White House officials said.  —  At a White House event Monday …
Discussion: ThinkProgress and The Raw Story
 
 
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 More Items: 
Paul A. Cantor / Washington Post:
What 'Gilligan's Island' creator Sherwood Schwartz was saying about democracy
Jennifer Rubin / Washington Post:
David Brooks: The scary and sloppy case for rationing
Discussion: Betsy's Page
Directorblue / Doug Ross:
S&P Raises State of Ohio's Credit Rating; Cites GOP Governor Kasich's Whining About His Predecessor …
Barak Ravid / Haaretz:
Palestinians may give up on bid for full UN membership to avoid U.S. veto, sources say
Discussion: Weasel Zippers and Israel Matzav
 Earlier Items: 
Nicholas Confessore / New York Times:
New Stable of Wealthy Donors Fueled Obama Campaign's Record Fund-Raising Quarter
The White House:
WEEKLY ADDRESS: A Unique Opportunity to Secure our Fiscal Future
Discussion: Weasel Zippers
David Segal / New York Times:
Law School Economics: Ka-Ching!