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6:35 PM ET, August 7, 2011

memeorandum

 Top Items: 
David Catanese / The Politico:
Tea Party Nation: The left's killed “a billion people”  —  THIENSVILLE, Wis. — The founder of Tea Party Nation claimed liberal ideology is responsible for “a billion” deaths over the last century during a raucous rally here Saturday in support of one of the six Republican state senators facing a recall election Tuesday.
RELATED:
Meghashyam Mali / The Hill:
Axelrod: This was a ‘tea party downgrade’  —  Top Obama strategist David Axelrod criticized Republicans over their handling of the debt-ceiling negotiations which he argued led to Standard & Poor's decision to downgrade the nation's credit rating Friday.  —  This was a “tea party downgrade,” said Axelrod on CBS News' Face the Nation.
Katrina Trinko / National Review:
McCain: Tea Party Members Had ‘Mandate’ to Oppose Tax and Spending Hikes
The Daily Beast:
Tea Party's Next Targets
Lucy Madison / CBS News:
Axelrod: This is a “Tea Party downgrade”
Drew Westen / New York Times:
What Happened to Obama?  —  Drew Westen is a professor of psychology at Emory University and the author of “The Political Brain: The Role of Emotion in Deciding the Fate of the Nation.”  —  Atlanta  —  IT was a blustery day in Washington on Jan. 20, 2009, as it often seems to be on the day of a presidential inauguration.
Alexander Bolton / The Hill:
S&P executive says it could take over a decade to restore US credit rating  —  John Chambers, the chairman of Standard & Poor's sovereign debt ratings, on Sunday estimated that it could take between 9 and 18 years for the nation to regain its AAA credit rating.
RELATED:
Seung Min Kim / The Politico:
S&P rating: ‘Outrageous’, ‘nothing good to say’
Discussion: ThinkProgress
Jim Hoft / The Gateway Pundit:
The 18 Countries With a Better Credit Rating Than the United States
Steve Benen / Washington Monthly:
A timeline of events  —  Let's take a stroll down memory lane, shall we?
Discussion: The Reaction
New York Times:
Anger Over Credit Rating Resurfaces in Washington
Discussion: Guardian, Daily Kos and Prairie Weather
Edmund L. Andrews / NationalJournal.com:
Why S&P's Downgrade is No Joke  —  The real impact of S&P's downgrade …
Steve Benen / Washington Monthly:
The worst thing the GOP has ever done?  —  I was on a radio show recently talking about the debt-ceiling hostage standoff and was asked whether this was the worst thing Republicans — or any major party, really — have ever done.  The more I think about it, the more the question resonates with me.
Discussion: Balloon Juice
Glenn Harlan Reynolds / Washington Examiner:
Sunday Reflection: Why the GOP should give Obama the higher taxes he wants  —  Well, the debt deal is behind us, but it's clear that the White House wants more taxes.  Instead of fighting this head-on, the GOP might want to think about future ways of giving President Obama what he says he wants.
BBC:
London riots: Dozens injured after Tottenham violence  —  Clasford Stirling, a resident of Tottenham for 32 years, said the area looked like a battlefield  —  More than 40 people have been arrested after rioting saw police attacked, buildings looted and vehicles set alight in Tottenham, north London.
RELATED:
Guardian:
Tottenham riots: police ‘had not anticipated’ extreme violence
Discussion: Blogcritics and The Moderate Voice
Julie Creswell / New York Times:
Pressing All the Buttons for a Panic Attack  —  BRADLEY ALFORD, a money manager in Atlanta, just hit the panic button.  —  No, really.  Mr. Alford just hit the key on his computer that initiates the Wall Street equivalent of the nuclear option: Sell everything.
Noel Sheppard / NewsBusters.org blogs:
Cokie Roberts on Downgrade: ‘The Problem That We Have Here is the Constitution’  —  ABC's Cokie Roberts said something on national television Sunday that made her colleague George Will shake his head on camera.  —  During a “This Week” discussion about the recent credit rating downgrade …
Blue Texan / Firedoglake:
Rick Perry: In Less Than Three Years, America Has Forgotten God, Needs to Repent  —  Apparently, in the 930 days since Barack Obama became president, the United States has slipped into a dangerous agnosticism, if not outright atheism. … When Christian right-wingers say that America has …
Discussion: NationalJournal.com
Alex Seitz-Wald / ThinkProgress:
Paul Ryan Signals Willingness To Raise Revenues, Shifting Positions Following Downgrade  —  House Budget Chairman Paul Ryan (R-WI) said he is open to revenue increases as part of a deal to reduce the deficit today, seemingly shifting positions from the hardline opposition his party has maintained against revenue growth.
Ben White / The Politico:
Timothy Geithner to stay at Treasury  —  Treasury Secretary Timothy Geithner will stay at his post through the fall and President Barack Obama's reelection campaign, the Treasury Department announced Sunday.  —  “Secretary Geithner has let the president know that he plans to stay …
RELATED:
Janet Daley / Telegraph:
If we are to survive the looming catastrophe, we need to face the truth  —  The idea that a capitalist economy can support a socialist welfare state is collapsing before our eyes, says Janet Daley.  —  Getting it right: the Tea Party recognised where America's policies were heading
Maureen Dowd / New York Times:
Downgrade Blues  —  BARACK OBAMA must wonder sometimes if his luck has run out.  —  Maybe he used it all up in 2008.  —  “Yes, we can!” has devolved into “Hey, we might.”  —  “When I said, ‘Change we can believe in,’ I didn't say, ‘Change we can believe in tomorrow,’ ” he told an audience at a Chicago fund-raiser on Wednesday.
Peter Oborne / blogs.telegraph.co.uk:
In this grave crisis, the world's leaders are terrifyingly out of their depth  —  Ineffectual: an emergency telephone conference among the G7 finance ministers feels as relevant as a Bourbon family get-together in the summer of 1789  —  Certain years have gone down in history as great global turning points …
Discussion: PoliPundit.com and National Review
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 More Items: 
Jason Linkins / The Huffington Post:
TV SoundOff: Sunday Talking Heads
Discussion: Crooks and Liars
Andrew C. McCarthy / National Review:
Christie's ‘Crazies’  —  This “sharia-law business is crap …
Discussion: Gates of Vienna
Tom McGregor / Dallas Blog:
Amidst Obama Depression, President Plays Golf
Discussion: The Gateway Pundit and Doug Ross
Cindy Adams / New York Post:
Levi sister pulverizes Palins
Ezekiel J. Emanuel / New York Times:
Shortchanging Cancer Patients
Discussion: Cafe Hayek
 Earlier Items: 
Thom Hartmann:
Mainstream Media Ignores S&P Attack On Republicans
Discussion: The Sideshow
Richard Pérez-Peña / New York Times:
Hugh Carey, Who Led Fiscal Rescue of New York City, Is Dead at 92
Discussion: THE ASTUTE BLOGGERS and Gothamist
Washington Post:
Origins of the debt showdown
Washington Examiner:
Obama won't escape blame for credit downgrade
Discussion: Hot Air and The Impolitic
 

 
From Mediagazer:

Chris Welch / The Verge:
Daniel Ek says Spotify is working on a deluxe Spotify tier, around a $17-$18 price point, that has “a lot more control, a lot higher quality across the board”

Alex Weprin / The Hollywood Reporter:
YouTube Q2 ad revenue grew 13% YoY to $8.66B, vs. $8.93B est.; Google's subscriptions, platforms, and devices unit that includes YouTube TV had revenue of $9.3B

Robbie Whelan / Wall Street Journal:
Former Marvel chairman Ike Perlmutter, who backed Nelson Peltz in a failed proxy fight for two Disney board seats, sells his stake of nearly 26M Disney shares

 
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