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9:45 AM ET, May 11, 2012

memeorandum

 Top Items: 
ABCNEWS:
Former Romney Classmate Describes ‘Bullying Supreme’ - A ‘Pack of Dogs’ Who Targeted ‘Different’ Boy  —  A high school classmate of presidential candidate Mitt Romney told ABC News today that he considers a particular prank the two pulled at Michigan's Cranbrook School to be “assault and battery” …
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’
Allahpundit / Hot Air:
Source for WaPo's Romney hit piece: Actually, I wasn't present during the prank
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 …
Aliyah Shahid / NY Daily News:
Bristol Palin rips President Obama for listening to daughters Malia, Sasha on supporting gay marriage
Mike Dorning / Bloomberg:
Biden Said to Apologize to Obama for Gay Marriage Remarks
Olivier Knox / ABCNEWS:
Biden apologizes to Obama over shotgun comments on gay marriage
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: DealBook and Deal Journal
David Benoit / Deal Journal:
J.P. Morgan Reveals 'London Whale'-Size Losses
Discussion: naked capitalism and Hullabaloo
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” …
RELATED:
Dan Eggen / Washington Post:
Obama's gay marriage announcement followed by flood of campaign donations
Ariel Edwards-Levy / The Huffington Post:   Franklin Graham: Barack Obama Has ‘Shaken His Fist’ At God With Support For Same-Sex Marriage
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!” …
Paul Krugman / New York Times:
Easy Useless Economics  —  A few days ago, I read an authoritative-sounding paper in The American Economic Review, one of the leading journals in the field, arguing at length that the nation's high unemployment rate had deep structural roots and wasn't amenable to any quick solution.
Discussion: Daily Kos and FT Alphaville
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 …
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.
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
James Taranto / Wall Street Journal:
Why Obama Flipped  —  Victory has a thousand fathers, but defeat has two mommies.  —  Last night brought an email from Barack Obama with the subject line “Marriage.”  It began: “James—Today, I was asked a direct question and gave a direct answer.”  What drove Obama to do something so wildly out of character?
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.
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
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
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.
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)
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
 
 
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 More Items: 
Herndon Graddick / The Huffington Post:
CNN Obama Statement Coverage Fails With Tony Perkins
Discussion: ThinkProgress
Associated Press:
Poll shows Americans' pessimism on economy growing
Discussion: Politico, Reuters and Pirate's Cove
Kyung M. Song / Seattle Times:
All 6 Wash. congressional Democrats favor repeal of gay-marriage ban
Discussion: Mediaite and Outside the Beltway
Mike Dorning / Bloomberg:
Obama Winning Investors by 49%-38% Against Romney in Poll
Discussion: ABCNEWS and Washington Wire
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: 
BuzzFeed:
Prominent Ron Paul Supporter Muses About Assassinating Mitt Romney
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