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1:25 PM ET, August 5, 2011


 Top Items: 
Paul Krugman / New York Times:
The Wrong Worries  —  In case you had any doubts, Thursday's more than 500-point plunge in the Dow Jones industrial average and the drop in interest rates to near-record lows confirmed it: The economy isn't recovering, and Washington has been worrying about the wrong things.
Floyd Norris / New York Times:
Time to Say It: Double Dip Recession May Be Happening  —  Double dip may be back.  —  It has been three decades since the United States suffered a recession that followed on the heels of the previous one.  But it could be happening again.  The unrelenting negative economic news of the past …
New York Times:
Wall Street Tumbles Despite Job Data  —  After a quick sigh of relief on better-than-expected jobs numbers, Wall Street moved lower Friday as fears continued to hang over markets that the United States and Europe were not doing enough to counter their economic problems.
Kevin Drum / Mother Jones:
The Story of the Economy  —  Just to make sure that everyone is still clear about this, here's the current trajectory of politics and the American economy stripped down to its bare essentials: … Sure, sure, Obama deserves some blame for not being aggressive enough etc. etc.  I get it.
Discussion: TalkLeft and The New Republic
Lynn Sweet:
Obama's 50th Birthday bash: Stevie Wonder, Chris Rock, Tom Hanks, Whoopi Goldberg, Herbie Hancock, Jay Z  —  li> (Screen grab of Chris Rock's Twitter feed)  —  WASHINGTON—President Obama celebrated his 50th birthday Thursday night with a celebrity-filled bash, as entertainer Chris Rock reported …
Leary /
Obama's Hip-Hop BBQ Didn't Create Jobs  —  POLITICO EXCLUSIVE — The President's private 50th birthday bash, not listed on his public schedule: His gift to the press corps was a travel/photo lid shortly after 4 p.m., prompting what pooler Julie Mason called “general cheering in WH workspace.”
Jennifer Epstein / The Politico:
Inside Obama's 50th-birthday party
Local News:
Click on the video link to see raw video of police and sheriff's deputies investigating the scene.  —  Did you witness the attacks outside State Fair, or were you attacked?  Were you hurt?  E-mail us your story!  —  WEST ALLIS - Witnesses tell Newsradio 620 WTMJ and TODAY'S TMJ4 of a mob …
Wall Street Journal:
Behind a GOP Contender's Iowa Surge  —  MARION, Iowa—To understand why presidential candidate Michele Bachmann has surged in Iowa, watch when she is handed a baby.  On a recent stop here, she took off her bracelet, dangled it before the infant and cradled him while he teethed on the pearls.
Michael O'Brien / The Hill:
Pawlenty's campaign betting turnaround begins at Ames
Philip Rucker / Washington Post:
Some states' push for earlier GOP primaries creates chaos for Republican leaders
Discussion: The Note
RealClearPolitics Video Log:
John Kerry: Media Has “Responsibility” To “Not Give Equal Time” To Tea Party  —  Sen. John Kerry (D-MA) told MSNBC's “Morning Joe” on Friday that the media has the responsibility to not give equal time or credence to the Tea Party's views: SEN. JOHN KERRY: “And I have to tell you, I say this to you politely.
Joy Pullman / Washington Examiner:
Teachers union disavows internal memo endorsing deception of parents  —  American Federation of Teachers officials have disavowed an internal report after it was posted on the union's website following its annual conference, embedded on each of its 19 pages with the union's logo and signed by a union official.
Shushannah Walshe / ABCNEWS:
$30 Million Pouring In to Influence Wisconsin Recall Elections  —  A voter in Glendale, Wis., casts a ballot in a Democratic primary on Thursday, July 12, 2011, as part of recall efforts against Republican state Sen. Alberta Darling.  Darling is one of six Republican state senators being targeted …
Discussion: Outside the Beltway
Andy Kroll / MoJo Articles:
Wisconsin Recall Elections: The Dark Money Pours In
Discussion: ThinkProgress and USA Today
Calculated Risk:
July Employment Report: 117,000 Jobs, 9.1% Unemployment Rate  —  From MarketWatch: U.S. economy gained 117,000 jobs in July … Click on graph for larger image in graph gallery.  —  This graph shows the unemployment rate.  —  The unemployment rate decreased to 9.1%.
Discussion: The Maddow Blog
Jeffrey Goldberg / The Atlantic Online:
Tzipi Livni Praises Obama for Pressuring Netanyahu, Suggests U.S. Should Keep Up the Heat  —  An interview with the leader of Israel's largest opposition party  —  Tzipi Livni, the leader of Israel's Kadima Party, the largest opposition party in the Knesset — and the largest party in the entire Knesset …
Discussion: Ben Smith's Blog
David Hearst / Guardian:
Could Arab staying power ultimately defeat Zionism? | David Hearst
Discussion: Harry's Place and normblog
Hilary Gowins / Northwest Herald:
Walsh tries to clear air at town hall-style meeting … WAUCONDA - When controversy erupts, public figures can hide or face their critics.  —  U.S. Rep. Joe Walsh seems to have chosen the latter, facing his constituents for the first time after the debt ceiling battle and allegations …
Discussion: The Hill
Carol J. Williams / Los Angeles Times:
Potential jurors shouldn't be dismissed for being gay, court told  —  An appellate panel hears arguments in an assault case against a gay inmate in which a lesbian was dismissed during jury selection.  Defense lawyers want the panel to consider constitutional issues.
Bob Willis / Bloomberg:
U.S. Payrolls Rose in July; Jobless Rate at 9.1%  —  Employers added more jobs than forecast in July, the jobless rate fell and wages climbed, easing concern the U.S. economy is grinding to a halt.  Stock futures rallied and Treasuries fell.  —  Payrolls rose by 117,000 workers …
Ezra Klein / Washington Post:
Isn't it time to admit our system is broken?  —  (HARRY HAMBURG/ASSOCIATED PRESS) My Bloomberg column today is about what happens when Congress can't agree to act.  The standard theory is that nothing happens.  Congress simply gridlocks.  It paralyzes.  The standard theory is wrong.
Jacob Weisberg / Slate Magazine:
Lessons of the Crisis  —  The debt-ceiling debacle revealed that politics is broken in every possible way and there's no point in explaining complicated matters to the American people.  —  It is hard to remember a more dismal moment in American politics.  The debt-ceiling crisis and the agreement …
Discussion: Hit & Run and AMERICAblog News
Ry Rivard / Charleston Daily Mail:
Mason moved in amended US House plan for W.Va.  —  CHARLESTON, W.Va. — The Senate Redistricting Task Force discarded plans Thursday to put Republican incumbents Shelley Moore Capito and David McKinley into the same congressional district.  —  The group also abandoned plans to allow congressional lines …
Claire Courchane / Washington Times:
Neb. mine find to challenge China's dominance of vital rare minerals  —  Elements coveted for high-tech uses  —  Elk Creek, Neb. (population 112), may not be so tiny much longer.  Reports suggest that the southeastern Nebraska hamlet may be sitting on the world's largest untapped deposit of …
Discussion: Moe Lane and
Marc Stewart /
TSA Confiscates Pregnant Woman's Insulin, Ice Packs  —  Security Tells Woman Isulin Vial Was An Explosives Risk  —  DENVER — A Denver couple has filed a formal complaint with the Transportation Security Administration after a pregnant woman's insulin and ice packs were confiscated by screeners at Denver International Airport.
Julian Pecquet / Healthwatch:
Pharmacies fight for right to challenge state Medicaid cuts  —  Four pharmacy groups are calling on the Supreme Court to give patients and healthcare providers such as hospitals the right to challenge states' Medicaid cuts.  —  The four trade associations filed an amicus brief …
Discussion: ThinkProgress
Jennifer Epstein / Reuters:
IRS: 235,413 million-dollar earners  —  President Barack Obama and many Democrats are talking about raising taxes on the wealthy, and new data released this week by the Internal Revenue Service reveals new details about the number of Americans who fit that bill.
Mitchel Maddux / New York Post:
‘Rent is Too Damn High’ candidate facing eviction from rent-controlled apartment  —  The man who ran for governor because the “Rent is Too Damn High” claims he's being kicked out of his Manhattan apartment — because the rent is too damn low!  —  Jimmy McMillan says he pays $872.96 …
The Daily Beast:
The Death of Super Tuesday?  —  The venerable one-day delegate jackpot has been a mainstay of presidential primaries, but all that will change in 2012.  McKay Coppins on what it means for Palin, Romney, and Perry.  —  Pundits have hyped it.  Candidates have built entire campaigns around it.
Tanya Somanader / ThinkProgress:
Cantor Opposes Extending Unemployment Benefits: We Need To Stop ‘Pumping Up’ Jobless Americans  —  The unemployment rate inched downwards to 9.1 percent today, with private sector jobs increasing by 154,000.  While a slight improvement, these better-than-expected figures provide little comfort …
Discussion: CNN, The Hill and Daily Kos
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 More Items: 
Megan McArdle / The Atlantic Online:
The Morning Jobs Report: Not as Terrible as it Might Seem
Noah / Noahpinion:
In which John Quiggin intellectually pulpifies Stephen Williamson
Discussion: Paul Krugman and Crooked Timber
Gschwarzcnn / CNN:
TRENDING: Roseanne sets sights on White House
Discussion: The Politico and Hot Air
Betsy Morais / The Atlantic Online:
The Science of ‘Planet of the Apes’: Could Simians Get Scary Smart?
Robert Peston / BBC:
The origins of today's market mayhem
Discussion: Guardian
Thereisnospoon / Hullabaloo:
The Desert of the Surreal by David Atkins
 Earlier Items: 
Virginia Postrel / Bloomberg:
About Virginia Postrel  —  Virginia Postrel writes about commerce …
Discussion: Hit & Run
Ronald Brownstein /
Towering Wave of Alienation Threatens Both GOP, Dems in 2012
Ambrose Evans-Pritchard / Telegraph:
The ECB throws Italy and Spain to the wolves
Discussion: Guardian and Decide America
The Huffington Post:
New York Attorney General Accuses Bank Of New York Mellon Of Fraud, Moves To Block Bank Of America's Mortgage Deal
Discussion: Washington Post and Firedoglake
Henry Blodget / Politics:
Here's The Problem With This Market Crash...
New York Times:
Disapproval Rate for Congress at Record 82% After Debt Talks