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9:15 AM ET, May 11, 2012

memeorandum

 Top Items: 
Bristol Palin:
Hail to the Chiefs - Malia and Sasha Obama  —  Is anyone really surprised by the fact that President Obama came out of the closet for gay marriage?  What was most surprising is when he explained how his position (supposedly) “evolved,” by talking to his wife and daughters: … Let's pause for just one second.
RELATED:
New York Times:
Biden Said to Apologize to Obama Over Gay Marriage Issue  —  WASHINGTON — A few hours before President Obama offered his historic endorsement of same-sex marriage on Wednesday, Vice President Joseph R. Biden Jr. apologized to the president in the Oval Office for forcing Mr. Obama's hand …
Jeff Mason / Reuters:
Obama talks gay rights at Clooney fundraiser  —  * Guest list includes Salma Hayek, Tobey Maguire, Jack Black  —  * Dave Matthews performs at one of two Seattle fundraisers (adds quotes from Obama)  —  President Barack Obama called his endorsement of same-sex marriage a “logical extension” …
Discussion: Hit & Run, TheBlaze.com and msnbc.com
Aliyah Shahid / NY Daily News:
Bristol Palin rips President Obama for listening to daughters Malia, Sasha on supporting gay marriage
Olivier Knox / ABCNEWS:
Biden apologizes to Obama over shotgun comments on gay marriage
Discussion: Yahoo! News
Ariel Edwards-Levy / The Huffington Post:   Franklin Graham: Barack Obama Has ‘Shaken His Fist’ At God With Support For Same-Sex Marriage
Mike Dorning / Bloomberg:
Biden Said to Apologize to Obama for Gay Marriage Remarks
RELATED:
ABCNEWS:
Sister of Alleged Romney Target Has ‘No Knowledge’ of Any Bullying Incident  —  The older sister of Mitt Romney's former high school classmate said she has no knowledge of any bullying incident involving her brother and the GOP presidential candidate.  —  Christine Lauber of South Bend …
Emily Friedman / ABCNEWS:
Romney Camp on Defense Over ‘Pranks’  —  ABC News' Emily Friedman, Emily Stanitz and Steven Portnoy report:  —  One of Mitt Romney's closest friends and a high school classmate has been asked by the Romney campaign to come out and offer “supporting remarks” in defense of the candidate following …
Felix Salmon:
JP Morgan: When basis trades blow up  —  I'm not sure if it was the biggest quarterly loss of all time, but Merrill Lynch's $16 billion loss in the fourth quarter of 2008 certainly ranks very high up there in the annals of investment-bank blowups.  It happened after the bank had already …
RELATED:
Wall Street Journal:
J.P. Morgan's $2 Billion Blunder  —  Bank Admits Losses on Massive Trading Bet Gone Wrong; Dimon's Mea Culpa  —  A massive trading bet boomeranged on J.P. Morgan Chase & Co., leaving the bank with at least $2 billion in trading losses and its chief executive, James Dimon …
Discussion: Deal Journal
David Benoit / Deal Journal:
J.P. Morgan Reveals 'London Whale'-Size Losses
Discussion: naked capitalism and Hullabaloo
DealBook:
JPMorgan Discloses $2 Billion in Trading Losses
Carl Campanile / New York Post:
Bill blockbuster: O's an ‘amateur’  —  Bill Clinton thought so little of President Obama — mocking him as an “amateur” — that he pressed his wife last summer to quit her job as secretary of state and challenge him in the primaries, a new book claims,  —  “The country needs you!” …
Noah Bierman / Boston Globe:
Records shed more light on Elizabeth Warren's minority status  —  A second law school, the University of Pennsylvania, has touted Elizabeth Warren as a minority faculty member in an official school publication, according to an online document obtained by the Globe.
Ian Swanson / The Hill:
House votes to replace Pentagon cuts mandated by debt deal  —  The House voted Thursday to override steep cuts to the Pentagon's budget mandated by last summer's debt deal and replace them with spending reductions to food stamps and other mandatory social programs.
RELATED:
Steve Benen / msnbc.com:
House GOP pits Pentagon vs. poor
Ian Millhiser / ThinkProgress:
Ten Most Disturbing Anti-Latino Practices Described By DOJ's Lawsuit Against Sheriff Joe Arpaio  —  Earlier today, the Department of Justice filed a formal legal complaint against Sheriff Joe Arpaio and the Maricopa County Sheriff's Office (MCSO) alleging widespread constitutional violations and lawless mistreatment of Latinos.
Sarah Kliff / Ezra Klein:
Exclusive: NARAL President Nancy Keenan to step down  —  At the end of this year, Nancy Keenan will step down from her post as president of NARAL Pro-Choice America, the country's oldest abortion-rights advocacy group.  —  The 60-year-old Keenan said she is leaving out of concern for the future …
RELATED:
NARAL Pro-Choice America:
NARAL PRO-CHOICE AMERICA PRESIDENT NANCY KEENAN TO DEPART IN JANUARY 2013
Discussion: Politico and The Caucus
Jeff Bercovici / Mixed Media:
Will Time's Breastfeeding Cover Be Bad For Business?  —  Time's new cover.  Click to expand.  —  It's safe to say the folks at Time magazine weren't caught unawares by the controversy already boiling up around their latest cover, which features an attractive 26-year-old mother breastfeeding her almost-four-year-old son.
Alex Pareene / Salon:
Jonah Goldberg's desperation  —  The National Review hack is a unique figure: Striving for seriousness, but too lazy to achieve it … Jonah Goldberg is a syndicated columnist, author of books and National Review Online editor because his mother nearly took down Bill Clinton.
Discussion: TBogg and Balloon Juice
Josh Gerstein / Politico:
John Edwards prosecution plays tape of lies, rests  —  GREENSBORO, N.C. —Federal prosecutors closed their case against former Sen. John Edwards Thursday afternoon with a direct play for the jury: showing the August 2008 national television interview in which he publicly acknowledged having …
Discussion: ABCNEWS
RELATED:
Tara Palmeri / New York Post:
Policy adviser testifies Edwards wanted Supreme Court seat
Discussion: Instapundit
Kyung M. Song / Seattle Times:
All 6 Wash. congressional Democrats favor repeal of gay-marriage ban  —  Updated at 4:20 p.m. with response from Norm Dicks's office:  —  WASHINGTON — President Obama's belated if unequivocal support for gay marriges puts him on the same side as all six congressional Democrats from Washington state.
Discussion: Outside the Beltway and Mediaite
Tina Daunt / Hollywood Reporter:
Clooney, Entertainment Industry VIPs Fête Obama at Record-Breaking Fundraiser  —  The president cracked Hope poster jokes on the actor's Studio City basketball court as guests ranging from Barbra Streisand to Robert Downey Jr. dined at $40k a seat.  —  Whether your notion of celebrity runs …
Colleen Curry / ABCNEWS:
Missing Tennessee Girls Found Alive; Fate of Adam Mayes, Suspected Abductor, Not Immediately Clear  —  Investigators have obtained video from April 30, 2012, where Adam Mayes is seen wearing a white t-shirt in the County Line One Market on Highway 348 in Guntown, Miss. (Tennessee Bureau of Investigation/AP Photo)
BuzzFeed:
Prominent Ron Paul Supporter Muses About Assassinating Mitt Romney  —  Adam Kokesh, a co-founder of Veterans for Ron Paul who received Paul's endorsement for his 2010 congressional run, contemplates a Romney assassination on his talk show.  The Secret Service promises a “follow-up.”
 
 
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 More Items: 
Associated Press:
Poll shows Americans' pessimism on economy growing
Discussion: Politico, Reuters and Pirate's Cove
Paul Krugman / New York Times:
Easy Useless Economics
Discussion: Daily Kos and FT Alphaville
Mike Dorning / Bloomberg:
Obama Winning Investors by 49%-38% Against Romney in Poll
Reuters:
Syria suicide bombers kill 55, ceasefire in tatters
Discussion: TheBlaze.com and Weasel Zippers
Dylan Byers / Politico:
Obama courts new foreign policy crowd
 Earlier Items: 
Rod Dreher:
Pro-Gay Fox News?
BuzzFeed:
Obama: “Sometimes I Forget” The Magnitude Of The Recession
Ed Kilgore / Washington Monthly:
Abraham Mourdock Confronts the Lucky Duckies
Andrew Sullivan / The Daily Dish:
The Tide Turns