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7:35 AM ET, August 8, 2011

memeorandum

 Top Items: 
Patrick Allen / CNBC:
No Chance of Default, US Can Print Money: Greenspan  —  Former Federal Reserve Chairman Alan Greenspan on Sunday ruled out the chance of a US default following S&P's decision to downgrade America's credit rating.  —  “The United States can pay any debt it has because we can always print money to do that.
RELATED:
Robert Pear / New York Times:
S.&P. Downgrade Is Seen as Adding Urgency to Debt-Cutting Panel  —  WASHINGTON — The downgrade of the United States government's credit rating by Standard & Poor's is almost sure to increase pressure on a new Congressional “supercommittee” to mute ideological disagreements and recommend …
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:
Doug Powers / Michelle Malkin:
John Kerry and the ‘Tea Party Downgrade’  —  The “Tea Party downgrade” memo has been successfully circulated.  —  First up today is John Kerry.  It's some kind of hilarious to watch a big spending, pro bloated government liberal try to come across like a life-long hawk on cutting deficits …
Katrina Trinko / National Review:
McCain: Tea Party Members Had ‘Mandate’ to Oppose Tax and Spending Hikes
Lucy Madison / CBS News:
Axelrod: This is a “Tea Party downgrade”
The Daily Beast:
Tea Party's Next Targets
Discussion: MyDD and Alan Colmes' Liberaland
Daily Mail:
Explosive Jackie O tapes ‘reveal how she believed Johnson killed JFK and had affair with movie star’  —  Jackie Onassis believed that Lyndon B Johnson and a cabal of Texas tycoons were involved in the assassination of her husband John F Kennedy, ‘explosive’ recordings are set to reveal.
Wall Street Journal:
ECB Moves to Prop Up Italy, Spain  —  FRANKFURT—The European Central Bank signaled it would purchase government bonds of Italy and Spain on a large scale, in the most dramatic and controversial escalation of its nearly two-year effort to stem Europe's unfolding debt crisis.
RELATED:
Jack Ewing / New York Times:
Global Finance Leaders Pledge Bold Action to Calm Markets  —  FRANKFURT — The European Central Bank signaled on Sunday that it would intervene more aggressively in bond markets to protect Spain and Italy, and leading finance ministers conferred about the mounting threats to the world's economies …
Discussion: VentureBeat and The Page
Catherine Rampell / New York Times:
Second Recession in U.S. Could Be Worse Than First  —  If the economy falls back into recession, as many economists are now warning, the bloodletting could be a lot more painful than the last time around.  —  Given the tumult of the Great Recession, this may be hard to believe.
Discussion: The Raw Story
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 …
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.
RELATED:
Marie Colvin / TheAustralian:
Sharia execution urged for Mubarak  —  THE spokesman for Egypt's Muslim Brotherhood, which portrays itself as a moderate Islamic movement, has called for execution and hand amputations if the Mubaraks are found guilty of murder and corruption.  —  “If a man has stolen millions of the state's money …
Adam Clymer / New York Times:
Mark O. Hatfield, Republican Champion of Liberal Causes, Dies at 89  —  Mark O. Hatfield, a liberal Republican who challenged his party's positions on the Vietnam War and on a balanced-budget amendment to the Constitution during his 30 years as a Senator from Oregon, died on Sunday.  He was 89.
Discussion: The Page
Zachary A. Goldfarb / Washington Post:
Geithner tells Obama he will remain as Treasury secretary  —  Treasury Secretary Timothy F. Geithner has told President Obama he plans to remain in his job through the fall of 2012, keeping in place Obama's longest-serving economic adviser after the first-ever U.S. credit downgrade and renewed fears of a second recession.
RELATED:
Dave Hill / Guardian:
Tottenham riots: This could happen in a dozen boroughs |  Dave Hill  —  I don't know what could have been done to avoid last night's explosion of resentment and criminality.  But I'm grimly confident of its potential elsewhere  —  The fires have been put out but the embers still burn hot …
RELATED:
Thomas L. Friedman / New York Times:
Win Together or Lose Together  —  IN the wake of the hugely disappointing budget deal and the S.& P.'s debt downgrade, maybe we need to hang a new sign in the immigration arrival halls at all U.S. ports and airports.  It could simply read: “Welcome.  You are entering the United States of America.
 
 
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 More Items: 
Jason Linkins / The Huffington Post:
TV SoundOff: Sunday Talking Heads
Discussion: Crooks and Liars
Blue Texan / Firedoglake:
Rick Perry: In Less Than Three Years, America Has Forgotten God, Needs to Repent
Discussion: NationalJournal.com
Alexander Bolton / The Hill:
S&P executive says it could take over a decade to restore US credit rating
 Earlier Items: 
Alex Seitz-Wald / ThinkProgress:
Paul Ryan Signals Willingness To Raise Revenues, Shifting Positions Following Downgrade
Discussion: Suburban Guerrilla
Steve Benen / Washington Monthly:
The worst thing the GOP has ever done?
Discussion: The Other McCain and Balloon Juice
Julie Creswell / New York Times:
Pressing All the Buttons for a Panic Attack
 

 
From Mediagazer:

Ruth La Ferla / New York Times:
Graydon Carter opens a physical store called Air Mail Newsstand in NYC, as an extension of his digital newsletter Air Mail, selling books, magazines, and more

Michael Msika / Bloomberg:
PE firm Blackstone offers ~$1.5B to purchase Hipgnosis, about 7% higher than the bid made earlier this week by Concord to which Hipgnosis' board had agreed

Clara Aberneithie / Press Gazette:
A look at The Cool Down, a climate-focused news outlet that makes $5M in programmatic advertising per year and aims to increase it to $12M per year in 2025

 
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