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11:45 AM ET, May 11, 2012

memeorandum

 Top Items: 
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 …
RELATED:
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” …
Ben Shapiro / BREITBART.COM:
WASHINGTON POST ROMNEY HIT PIECE IMPLODES  —  Today's unconscionable Washington Post story, which implied without evidence that Mitt Romney was a homophobic bully to one John Lauber back in his high school days five decades ago, has totally imploded.  —  Timed to drop the day after President …
Emily Friedman / ABCNEWS:
Romney Camp on Defense Over ‘Pranks’
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:
New York Times:
Biden Said to Apologize to Obama Over Gay Marriage Issue
Emily Schultheis / Politico:
Mitt Romney's opposition to gay marriage unites base
Ariel Edwards-Levy / The Huffington Post:   Franklin Graham: Barack Obama Has ‘Shaken His Fist’ At God With Support For Same-Sex Marriage
Washington Post:   For Obama, gay marriage stance born of a long evolution
Mike Dorning / Bloomberg:
Biden Said to Apologize to Obama for Gay Marriage Remarks
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!” …
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:
Heidi N. Moore / Latest Stories on Marketplace.org:
JP Morgan's Loss: The Explainer  —  A JP Morgan trader, Bruno Iksil, has been accumulating a giant bet on U.S. corporate bonds.  He used derivatives to do it, and he messed up the bet and lost $2 billion for the bank.  He could end up losing $1 billion more if the market doesn't cooperate.
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 …
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 …
RELATED:
Jason Stein / JSOnline:
In film, Walker talks of ‘divide and conquer’ union strategy  —  By Jason Stein and Patrick Marley of the Journal Sentinel  —  Madison - A filmmaker released a video Thursday that shows Gov. Scott Walker saying he would use “divide and conquer” as a strategy against unions.
Elizabeth Mendes / Gallup:
Voters Give Romney Slight Edge Over Obama on Economy  —  Republicans more negative about Obama than Democrats are about Romney  —  WASHINGTON, D.C. — Registered voters are more likely to say Mitt Romney, if elected president, would do a very good or good job of handling the economy …
Discussion: GOP 12
RELATED:
Associated Press:
Poll shows Americans' pessimism on economy growing
Paul Babeu / Paul Babeu for Sheriff Committee:
Seeking re-election as Pinal County Sheriff  —  First, let me say how much your friendship and support means to me.  When I announced my candidacy for Congress, I promised the citizens of Pinal County that I would ensure continuity of leadership in the Sheriff's Office.
Manu Raju / Reuters:
Frustrated Harry Reid: Reform the filibuster  —  An angry Harry Reid took to the floor Thursday and demanded changes to the Senate's hallowed filibuster rules, siding with junior Democrats who have sought to substantially weaken the powerful delaying tactic.
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: FT Alphaville and Daily Kos
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.
Tim Graham / NewsBusters.org:
Did The WashPost Report a 5,000-Word Expose on Obama's Cocaine Use In the Last Cycle?  Of Course Not  —  Conservatives who were a little amazed at The Washington Post's 5,400-word opus on Mitt Romney's high-school pranks wondered: Is this how the Post covered Barack Obama's admission in his memoir …
Rheana Murray / NY Daily News:
Group pays drug addicts to get sterilized or receive long-term birth control, sparks criticism  —  Founder launched group after adopting four children from a crack addict  —  An ad Project Prevention has used to encourage addicts to obtain long-term birth control.
Discussion: Althouse
Herndon Graddick / The Huffington Post:
CNN Obama Statement Coverage Fails With Tony Perkins  —  CNN , Gay Marriage , Obama Gay Rights , Obama Gay Marriage , Tony Perkins , Wolf Blitzer , Same-Sex Marriage , Gay Voices News  —  Judging by its coverage of President Obama's announcement that he now supports marriage equality …
Discussion: ThinkProgress
Frank Newport / Gallup:
Americans Like Having a Rich Class, as They Did 22 Years Ago  —  Most Americans would also like to be rich  —  PRINCETON, NJ — Despite the recent political emphasis on wealth inequality and the call for higher taxes on the rich, more than six in 10 Americans think the United States benefits …
Discussion: Politico
 
 
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 More Items: 
Michael McAuliff / The Huffington Post:
House Votes To Cut Census Survey Done Since Thomas Jefferson
Kyung M. Song / Seattle Times:
All 6 Wash. congressional Democrats favor repeal of gay-marriage ban
Mike Dorning / Bloomberg:
Obama Winning Investors by 49%-38% Against Romney in Poll
Discussion: ABCNEWS and Washington Wire
James Taranto / Wall Street Journal:
Why Obama Flipped  —  Victory has a thousand fathers, but defeat has two mommies.
Discussion: Hotline On Call and alicublog
 Earlier Items: 
BuzzFeed:
Prominent Ron Paul Supporter Muses About Assassinating Mitt Romney
Alex Pareene / Salon:
Jonah Goldberg's desperation
Discussion: Gawker and TBogg