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2:50 PM ET, August 26, 2011

memeorandum

 Top Items: 
Board of Governors of the Federal Reserve System:
The Near- and Longer-Term Prospects for the U.S. Economy  —  Good morning.  As always, thanks are due to the Federal Reserve Bank of Kansas City for organizing this conference.  This year's topic, long-term economic growth, is indeed pertinent—as has so often been the case at this symposium in past years.
RELATED:
Paul Krugman / New York Times:
Bernanke's Perry Problem  —  As I write this, investors around the world are anxiously awaiting Ben Bernanke's speech at the annual Fed gathering at Jackson Hole, Wyo. They want to know whether Mr. Bernanke, the chairman of the Federal Reserve, will unveil new policies that might lift …
Matthew Yglesias / ThinkProgress:
At Jackson Hole, Bernanke Tells The Nation He'll Deliver High Unemployment For Years  —  As I urged below, I think the most important part of Ben Bernanke's speech today is what it does to shape expectations.  The news isn't good.  Ben Bernanke is telling people not only that the Fed …
Binyamin Appelbaum / New York Times:
Bernanke Blames Politics for Financial Upheaval  —  JACKSON HOLE, Wyo._ — The Federal Reserve chairman, Ben S. Bernanke, said Friday that the political battle this summer over the federal government's borrowing and spending had disrupted financial markets “and probably the economy as well.”
Derek Thompson / The Atlantic Online:
Bernanke: The Debt Ceiling Debate Nearly Broke the Recovery
Alexander Bolton / The Hill:
GOP lawmakers warn Bernanke against QE 3
James Hohmann / The Politico:
Pataki not running-Perry talking with Trump-Romney, Bachmann staying the course-Huntsman's purple tie-Kimball: Never Quit-GOP turning on Palin  —  SCORE EXCLUSIVE - TRUMP TALKING WITH PERRY: Rick Perry has been speaking with Donald Trump by phone since wading into the presidential race, a Trump representative told Morning Score.
RELATED:
Simonhernandezarthur / CNN:
Source: Pataki decides against White House run  —  WASHINGTON (CNN) - Former New York Gov. George Pataki will not run for the Republican presidential nomination, a source close to him told CNN.  —  Pataki, who had been flirting with a White House bid for months, was scheduled to appear …
CNN:
Bachmann's warning to South Carolina voters
Discussion: Healthwatch and The Politico
David Brooks / New York Times:
President Rick Perry?  —  A few weeks ago it was possible to believe that Mitt Romney would win the New Hampshire primary and cruise easily to the Republican nomination.  It's harder to see that now.  —  There have been a slew of polls showing Gov. Rick Perry of Texas surging to double-digit national leads.
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Jonah Goldberg / National Review:
My Rick Perry Problem — and Ours  —  Texas governor Rick Perry is the front-runner for the Republican presidential nomination now, at least in the national polls.  Undoubtedly that's the main reason so many East Coast pundits and Beltway wags are making fun of him.  He likes guns!  He's from Texas!
Discussion: Riehl World View and GOP 12
Nate Silver / FiveThirtyEight:
A New York Hurricane Could Be a Multibillion-Dollar Catastrophe  —  Time to think about the unthinkable.  What if a major hurricane were to pass close to New York City, as several forecasting models now suggest that Hurricane Irene might?  —  Apart from the inevitable loss of life …
Chris Cassidy / Boston Herald:
President Obama's posse stays put as tourists flee  —  MARTHA'S VINEYARD — A sun-soaked relaxer-in-chief spent close to five hours at a private Edgartown beach with the first family yesterday — still with no plans to cut the presidential vacation short while other islanders heeding the threat …
RELATED:
Justin Sink / The Hill:
Obama cuts vacation short, saying ‘prepare for the worst’ from Irene
Discussion: The Politico
Steve Benen / Washington Monthly:
When bad governors try bad ideas  —  Florida Gov. Rick Scott (R) came up with an idea he considered pretty clever.  First, he told Floridians that people on welfare were more likely to be drug addicts.  What did Scott base this on?  Nothing in particular — he seemed to just make it up — but Scott was quite fond of the argument.
Discussion: Eschaton
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NY Daily News:
Giant rat killed by pitchfork in Marcy Houses is believed to be Gambian pouched rat  —  It sounds like an urban legend: giant mutant-looking rats roaming a city housing project.  —  Only there's a picture.  —  A photo making the rounds shows Housing Authority worker Jose Rivera minutes …
Eric Felten / Wall Street Journal:
Guitar Frets: Environmental Enforcement Leaves Musicians in Fear  —  Federal agents swooped in on Gibson Guitar Wednesday, raiding factories and offices in Memphis and Nashville, seizing several pallets of wood, electronic files and guitars.  The Feds are keeping mum, but in a statement …
RELATED:
Ben Howe / RedState:
DOJ Raids Gibson Guitars looking for Illegal Wood
Ian Deitch / Associated Press:
Palestinian: US warns of aid cut for statehood bid  —  JERUSALEM (AP) — The Palestinians' chief negotiator said Friday that a U.S. diplomat had warned of a cut in aid to the Palestinians if they proceed with a unilateral bid for statehood at the U.N in September.
Discussion: Weasel Zippers
RELATED:
Mackenzie Weinger / Reuters:   Report: U.S. warns Palestinians it will halt aid
Jennifer Epstein / The Politico:
Ariz. sues feds over Voting Rights Act  —  The state of Arizona filed a lawsuit Thursday challenging the federal government's authority to enforce part of the Voting Rights Act of 1965, becoming the first state to challenge the constitutionality of sections of the federal law that bars states …
RELATED:
Center for American Progress:
Fear, Inc.  —  The Roots of the Islamophobia Network in America  —  Anti-Muslim graffiti defaces a Shi'ite mosque at the Islamic Center of America in Dearborn, Michigan.  —  SOURCE: Getty Images/Bill Pugliano  —  Download individual chapters of the report (pdf):
Ben Geman / The Hill:
Boehner asks Obama for billion-dollar list  —  Speaker John Boehner (R-Ohio) is pressing the Obama administration to provide Congress with a list of upcoming regulations that will have an economic effect greater than $1 billion.  —  Boehner's letter to President Obama Friday comes ahead …
Discussion: Speaker, The Raw Story and Daily Kos
Andrew Orlowski / The Register:
CERN: ‘Climate models will need to be substantially revised’  —  New atomsmasher research into cloud formation  —  CERN's 8,000 scientists may not be able to find the hypothetical Higgs boson, but they have made an important contribution to climate physics, prompting climate models to be revised.
CNN:
New CNN Poll: Support for Libya jumps but no bounce for president  —  Washington (CNN) - Support for U.S. military action in Libya has skyrocketed nearly 20 points in the wake of this week's events in Tripoli, but most Americans don't see the rebel advances in Libya as a victory for the United States, according to a new national survey.
Discussion: The Politico and Washington Wire
Mary Fitzgerald / The Irish Times:
Gadafy daughter who ‘died’ in 1986 alive  —  The adopted daughter of Muammar Gadafy, whom he claimed died as an infant in the 1986 US bombing of his Tripoli compound, appears to be alive and worked as a doctor in the Libyan capital, documents discovered by The Irish Times indicate.
 
 
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 More Items: 
Jonathan Alter / Bloomberg:
About Jonathan Alter  —  You Think Obama's Been a Bad President?
Discussion: Don Surber and msnbc.com
Brian Beutler / TPMDC:
Why Far-Off Canadian Tar Sands Have Become A Make-Or-Break Issue For Obama With Enviros
Michael O'Brien / The Hill:
Heritage Action ranks Bachmann ninth-most conservative in Congress
Discussion: CNN and GOP 12
Wall Street Journal:
At Least 53 Killed in Mexico Casino
Jay Rosen / Pressthink:
Why Political Coverage is Broken
Discussion: The Atlantic Online and Poynter
Michelle Malkin:
Joey Vento: Assimilation warrior
Douglas Burns / Iowa Independent:
Santorum Q&A: Marriage for gays threatens religious freedom
 Earlier Items: 
Ashley Parker / New York Times:
On Trail, Casual Friday Versus Boardroom Cool
Discussion: CNN
Wall Street Journal:
Health Law Puts Governors in Pickle
Discussion: Washington Post
Jerry Hirsch / Los Angeles Times:
Carmakers' rebound is driving jobs in U.S.
Yves Smith / naked capitalism:
What is Debt? - An Interview with Economic Anthropologist David Graeber
Discussion: Unqualified Offerings
Larry Derfner / Israel Reconsidered:
Apology
ProPublica:
Billions Meant for Struggling Homeowners May Pay Down Deficit Instead