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8:20 PM ET, August 8, 2011

memeorandum

 Top Items: 
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.
Christine Hauser / New York Times:
Stocks Plunge in Worst Day in Two Years
Josh Marshall / Talking Points Memo:
Disconnect  —  This piece on CNN Money says that “market …
Discussion: CNNMoney.com
Peter Schroeder / The Hill:
Senate Banking looking into S&P downgrade
Discussion: Hot Air and Pajamas Media
Reuters:
Senate panel reviewing S&P downgrade
Discussion: The Daily Caller
Danny Yadron / Washington Wire:
Romney on S&P Move: 'I Don't Think It's Simply the President's Fault'
Economics of Contempt:
On S&P, Downgrades, and Idiots
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 …
Caroline May / The Daily Caller:
The National Organization for Women defends Bachmann against Newsweek  —  One of presidential candidate Michele Bachmann's major political opponents is defending her against what it says is blatant sexism on the part of Newsweek magazine.  —  Monday, the National Organization for Women …
Discussion: Washington Post and Weasel Zippers
Tommy Christopher / Mediaite:
Does The Michele Bachmann Newsweek Cover Make Her ‘Look Crazy’?  —  Conservative media watchdog Newsbusters is helpfully defending GOP presidential hopeful Rep. Michele Bachmann's (R-MN) honor against those serial cover photo offenders at Newsweek, excoriating the magazine for using …
Discussion: Gawker and Runnin' Scared
Michelle Malkin:
The Conservative Crazy Eyes Cliche & Other Stupid MSM Photo Tricks
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:
unionleader.com:
Rick Perry to attend NH house party this Saturday
Discussion: The Note, The Page and msnbc.com
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 …
Mark Duell / Daily Mail:
Who ‘made $10bn on 10/1 bet that U.S. credit rating would be downgraded’?  —  A mystery investor or hedge fund reportedly made a bet of almost $1billion at odds of 10/1 last month that the U.S. would lose its AAA credit rating.  —  Now questions are being asked of whether the trader …
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 …
RELATED:
Jennifer Steinhauer / The Caucus:
House Leaders to End Page Program
Discussion: Politics and AmSpecBlog
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.
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.
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.
Discussion: Hot Air
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
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 …
CNN:
Racially motivated attack on video  —  Editor's note: The following story contains language some readers may consider offensive.  —  Jackson, Mississippi (CNN) — On a recent Sunday morning just before dawn, two carloads of white teenagers drove to Jackson, Mississippi …
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 …
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: 
Cornelia Dean / New York Times:
Groups Call for Scientists to Engage the Body Politic
New York Times:
Hotel Housekeeper Sues Strauss-Kahn
Discussion: The Atlantic Online and Mogulite
Andrew C. McCarthy / National Review:
Those Colossal, Recklessly Irresponsible $2 Trillion Errors
Discussion: ZeroHedge and Pajamas Media
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
Adam Gabbatt / Guardian:
London riots: the third night - live coverage
Discussion: Ben Smith's Blog and Colorlines
The Note:
Donald Trump May Run for President After All
Discussion: Indecision Forever
 Earlier Items: 
Jennifer Rubin / Washington Post:
Job participation  —  The White House and much of the chattering …
Discussion: Hit & Run
Scott Keyes / ThinkProgress:
PHOTOS: Anti-LGBT Literature Widely Distributed At Right-Wing ALEC Conference
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
Matthew Yglesias / ThinkProgress:
Poor People Own Appliances Because They're Cheap
Discussion: Eschaton