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5:35 PM ET, August 8, 2011

memeorandum

 Top Items: 
The Politico:
Rick Perry to make 2012 intentions clear Saturday  —  Rick Perry intends to use a speech in South Carolina Saturday to make clear that he's running for president, POLITICO has learned.  —  According to two sources familiar with the plan, the Texas governor will remove any doubt …
RELATED:
Michael O'Brien / The Hill:
Perry to visit NH and SC while presidential candidates gather in Iowa
Discussion: CNN, The Note, Pajamas Media, GOP 12 and The Page
Paul Krugman:
Aaauuuggghhh!  Market Commentary Edition  —  Carnage in stock markets as I write — and all of the headlines I see attribute it to S&P's downgrade.  —  They really are trying to make my head explode, aren't they?  —  Once again: S&P declared that US debt is no longer a safe investment …
RELATED:
JeeYeon Park / CNBC:
Stocks Off Lows, Dow Above 11,000; Vix Soars  —  Stocks pared some losses in heavy, choppy trading Monday but were still sharply lower as investors fled from risky assets following S&P's downgrade of U.S.'s credit rating last week in addition to ongoing uncertainty over the euro zone crisis.
Josh Marshall / Talking Points Memo:
Disconnect  —  This piece on CNN Money says that “market observers tried to say the downgrade by itself shouldn't matter — that it was expected and that the United States still has a strong credit rating ... But the market wasn't buying it.”  And then it goes on to note that investors are rushing to buy up US Treasuries.
Discussion: CNNMoney.com
New York Times:
Dow Plunges More Than 600 in Sell-Off
Ryan Lizza / New Yorker:
LEAP OF FAITH … - POLITICS - PROFILES - THE TALK OF THE TOWN - COMMENT - THIS WEEK'S ISSUE - THE FINANCIAL PAGE - NEWS DESK - THE POLITICAL SCENE
RELATED:
First Read / msnbc.com:
Bachmann attends church service denouncing homosexuality  —  WAUKEE, IA — Republican presidential candidate Michele Bachmann yesterday attended a church here in Iowa, where the pastor called homosexuality “immoral” and “unnatural,” and later showed a testimonial video from a man who claimed …
Economics of Contempt:
On S&P, Downgrades, and Idiots  —  This is not going to be one of those posts that laments S&P's decision to downgrade the US, but then says that S&P was probably right about our oh-so-dysfunctional political system.  —  No, S&P was flat-out wrong — no caveats.
RELATED:
Alicia M. Cohn / The Hill:
DNC chairwoman blames Tea Party ‘tyrants’ for US credit-rating downgrade
The Daily Beast:
Hillary Told You So  —  As Democratic disgust with Obama's debt fumbling spreads, Clinton supporters recall her ‘3 a.m. phone call’ warnings—and angry, frustrated liberals are muttering that she should mount a 2012 challenge.  —  At a New York political event last week …
RELATED:
Steve Benen / Washington Monthly:
The Westen piece  —  It's not exactly a secret that there is widespread liberal consternation with the Obama presidency.  Though the frustrations aren't always apparent in the polls, the evidence to bolster the trend isn't exactly elusive.  As regular readers know, I don't generally share those attitudes …
Ross Douthat / New York Times:
Waiting For A Landslide  —  In 1955, a political scientist named V. O. Key published an essay entitled “A Theory of Critical Elections.”  He argued that realignments in American politics are usually punctuated by transformative elections, in which the old order suddenly gives way and a new majority emerges in its place.
Michelle Malkin:
The Conservative Crazy Eyes Cliche & Other Stupid MSM Photo Tricks  —  Sigh.  Seriously, Tina Brown?  —  Yes, I'm talking about you, Oxford University-educated Newsweek/Daily Beast editor Tina Brown.  —  You've resorted to recycling bottom-of-the-barrel moonbat photo cliches …
RELATED:
Tommy Christopher / Mediaite:
Does The Michele Bachmann Newsweek Cover Make Her ‘Look Crazy’?
Discussion: Gawker and Runnin' Scared
Jeffrey M. Jones / Gallup:
Obama Job Approval 50% or Higher in 16 States and D.C.  —  Idaho residents least approving, at 27%  —  PRINCETON, NJ — Residents of 16 states and the District of Columbia gave President Obama approval ratings of 50% or higher during the first half of 2011, led by the District of Columbia, Connecticut, Maryland, and Delaware.
Jennifer Rubin / Washington Post:
Obama's horrifyingly bad speech  —  He was a half hour late.  His head turned from side to side as if he were attending a tennis match.  He practically never looked in the camera, as if he were averting our gaze.  And those were the strong parts of President Obama's disastrous speech.
A.Killough / CNN:
CNN Poll: Economic pessimism skyrockets  —  Washington (CNN) - Americans have a bad case of the economic jitters, as recent drops in the stock market have been accompanied by a sharp rise in the public's economic pessimism, according to a new national poll.  —  And a CNN/ORC International …
RELATED:
A.Killough / CNN:
CNN Poll: Obama approval rating remains steady in mid 40s
Discussion: The Politico and National Review
Molly K. Hooper / The Hill:
House leaders end page program  —  House Speaker John Boehner (R-Ohio) and Minority Leader Nancy Pelosi (D-Calif.) announced they were ending the House page program.  —  As of Aug. 31, the program — which employs nearly 70 high school students to serve as messengers and couriers …
Discussion: CNN, The Politico and New York Magazine
Shira Ovide / Deal Journal:
Berkshire, Other Insurers Get ‘Negative’ Tag from S&P … Cue the music from “Jaws.”  —  After Standard & Poor's bit an appendage from the U.S.'s credit rating, the credit-rating firm is smelling blood in the water at Warren Buffett's Berkshire Hathaway.  —  S&P today is marking down ratings …
RELATED:
New York Times:
A.I.G. Sues Bank of America Over Mortgage Bonds  —  The American International Group sued Bank of America on Monday over hundreds of mortgage-backed securities, adding to the surge of investors seeking compensation for the troubled mortgages that led to the financial crisis.
RELATED:
Reuters:
AIG sues BofA for $10 billion alleging “massive fraud”
Discussion: The Atlantic Online and Guardian
Rasmussen Reports:
29% Say Tea Party Members Are Terrorists, 55% Disagree  —  Several prominent Democrats and their media friends have charged the Tea Party with being economic terrorists during the congressional budget debates, but most voters don't see it that way.  —  Fifty-five percent (55%) …
RELATED:
Rasmussen Reports:
Iowa Caucus: Bachmann, Romney and Paul on Top
Paul Krugman:
It's a Growth Scare  —  FTalphaville has been saying this all day, and it's right.  The action in the markets looks nothing like worries about US solvency; it looks exactly like what you expect to see when markets suddenly realize that the economy's growth prospects look terrible.
Discussion: Grasping Reality …
Matthew Yglesias / ThinkProgress:
Poor People Own Appliances Because They're Cheap  —  My colleagues Melissa Boteach and Donna Cooper have a great piece on the Heritage Foundation's “poor people aren't actually poor because they own cheap electronics” theory of poverty.  This infographic nicely highlights the silliness …
Discussion: Eschaton
David Axe / Danger Room:
Did a New Taliban Weapon Kill a Chopper Full of Navy SEALs?  —  Updated 8:36 a.m. EDT.  —  The passengers and crew of the twin-rotor CH-47 Chinook helicopter probably never saw the rocket hurtling towards them.  The explosion and fiery crash in Wardak province in eastern Afghanistan early …
John R. Bolton / Human Events:
On Deck: Why I May Run for President  —  Adam Smith wrote in The Wealth of Nations that “the first duty of the sovereign, that of protecting the society from the violence and invasion of other independent societies, can be performed only by means of a military force.”
William Glaberson / New York Times:
Dog Helps Young Rape Victim Testify  —  POUGHKEEPSIE, N.Y. — Rosie, the first judicially approved courtroom dog in New York, was in the witness box here nuzzling a 15-year-old girl who was testifying that her father had raped and impregnated her.  Rosie sat by the teenager's feet.
Discussion: Shakesville and New York Magazine
 
 
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 More Items: 
Jeff Mapes / Oregonian:
Mark O. Hatfield, Oregon's first statesman, dies Sunday at 89
Discussion: The Huffington Post and The Hill
J. Bradford DeLong / Grasping Reality with Both Hands:
How Should Obama Answer the Stock Market's Wake-Up Call? We-Need-Different-Cossacks Department
Discussion: TalkLeft
The Note:
Donald Trump May Run for President After All
Discussion: Indecision Forever
Daily Kos:
Jennifer Shilling (D): 54 (56) Dan Kapanke (R-inc): 43 (42)
Molly O'Toole / Reuters:
Obama administration to offer No Child Left Behind waivers
Jennifer Rubin / Washington Post:
Job participation  —  The White House and much of the chattering …
Discussion: Hit & Run
 Earlier Items: 
Justin Elliott / Salon:
The abortion that Mitt doesn't talk about anymore
Discussion: TBogg
Kevin Drum / Mother Jones:
The Price of Rural Life
Discussion: Washington Post and ThinkProgress
CNN:
Racially motivated attack on video
Emily Schultheis / Ben Smith's Blog:
Bachmann disavows labor bill, cites ‘bad information’
Discussion: Daily Kos
Matthew Yglesias / ThinkProgress:
The Unappeasable Financial Markets
Discussion: Firedoglake and Modeled Behavior
Walter Russell Mead / Via Meadia:
American Tinderbox  —  For some time now, residents of some US cities …
Discussion: alicublog
 

 
From Techmeme:

Javier Espinoza / Financial Times:
The EU Commission fines Apple €1.8B for stifling competition from rival music streaming services, the EU's third-largest antitrust fine; Apple plans to appeal

Benjamin Mayo / 9to5Mac:
Apple announces a new 13- and 15-inch MacBook Air with M3, offering an 8-core CPU and up to a 10-core GPU, starting at $1,099 or $1,299 and shipping on March 8

Rachel Metz / Bloomberg:
Anthropic announces Claude 3 Opus, Sonnet, and Haiku, aiming to reduce AI model hallucinations; Opus and Sonnet are available now, and Haiku in the coming weeks

 
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