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8:05 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 …
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
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:
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 …
Washington Post:
Mitt Romney's prep school classmates recall pranks, but also troubling incidents
Allahpundit / Hot Air:
Source for WaPo's Romney hit piece: Actually, I wasn't present during the prank
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  —  J.P. Morgan Chase & Co., the nation's largest bank, surprised the market today, saying it has taken large losses stemming from derivatives bets gone wrong in the bank's Chief Investment Office.  —  At 4:30, the bank sent out an unusual notice saying …
Discussion: naked capitalism and Hullabaloo
DealBook:
JPMorgan Discloses $2 Billion in Trading Losses
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 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.
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
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.
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
Daniel Halper / Weekly Standard:
Obama Ad Claims to Have Helped Man Get a Job, but Man Claims Employment Since 2006  —  Matt Negrin of ABC reports that “A new ad by Obama tells the story of Brian Slagle, an autoworker in Ohio who says he was laid off and ‘scared to death’ until the president swooped in to save the industry.”
RELATED:
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
Tara Palmeri / New York Post:
Policy adviser testifies Edwards wanted Supreme Court seat  —  GREENSBORO, NC — A delusional, two-timing Sen. John Edwards dreamed of a Supreme Court appointment, even as his political career crumbled under the weight of a seedy sex scandal, according to testimony today.
Discussion: Instapundit
RELATED:
Josh Gerstein / Politico:
John Edwards prosecution plays tape of lies, rests
Discussion: ABCNEWS
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 …
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 at least five all six congressional Democrats from Washington state.
Discussion: Outside the Beltway and Mediaite
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: 
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
Rod Dreher:
Pro-Gay Fox News?
Benjy Sarlin / 2012.talkingpointsmemo.com:
TPM2012  —  Romney Battled LGBT Anti-Bully Commission As Governor
Discussion: Daily Kos and Towleroad News #gay
 Earlier Items: 
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