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11:15 AM ET, June 12, 2012


 Top Items: 
Jeff Kearns / Bloomberg:
Fed Says U.S. Wealth Fell 38.8% In 2007-2010 On Housing  —  The financial crisis wiped out 18 years of gains for the median U.S. household net worth, with a 38.8 percent plunge from 2007 to 2010 that was led by the collapse in home prices, a Federal Reserve study showed.
Ylan Q. Mui / Washington Post:
Fed: Americans' wealth dropped 40 percent  —  View Photo Gallery — Is the U.S. economic recovery stalling?:   The Labor Department reported June 1 that the nation's economy added only 69,000 jobs in May, bringing the unemployment rate to 8.2 percent.
Martin Crutsinger / Business Week:
Fed reports how much recession shrank US wealth  —  WASHINGTON  —  The Great Recession shrank Americans' wealth so much that in 2010 median family net worth was no more than it had been in 1992 after adjusting for inflation, the Federal Reserve reported Monday.
Binyamin Appelbaum / New York Times:
Family Net Worth Drops to Level of Early '90s, Fed Says
Dana Milbank / Washington Post:
Pileup at the White House  —  It has been a Junius Horribilis for President Obama.  —  Job growth has stalled, the Democrats have been humiliated in Wisconsin, the attorney general is facing a contempt-of-Congress citation, talks with Pakistan have broken down, Bill Clinton is contradicting Obama …
Jesse Helfrich / The Hill:
Commerce secretary's hit-and-run keeps Obama off message  —  A hit-and-run accident involving Commerce Secretary John Bryson threw the White House off message Monday just as President Obama sought to regain his footing after a series of political missteps.  —  After hitting a car …
Discussion: Jammie Wearing Fools
Reid J. Epstein / Politico:
John Bryson's leave of absence adds to Obama's bad news
Discussion: Hot Air and Moe Lane
Jonathan Allen / Politico:
Does Mitt Romney need ‘Obamacare’?  —  Republicans are cheerleading for the Supreme Court to strike down President Barack Obama's health care law.  —  But there's one Republican who might be sorry: Mitt Romney.  —  There's fear in some GOP circles that if the court wipes the Affordable Care Act off …
Discussion: CNN
First Read /
Loss of wealth highlights economic anxiety  —  *** Here's your economic anxiety: The U.S. economy actually is growing (compared with some European countries); it's adding jobs (though at a much slower pace than earlier this year); and the Dow Jones is up considerably from three years ago (but it's recently gone down).
Wall Street Journal:
Obama to Revisit Economic Debate
Alicia M. Cohn / Ballot Box:
Obama campaign hits Romney over Mass. state debt in new TV ad
Discussion: CNN, GOP 12 and Guardian
The White House:
President Obama Nominates Two to Serve on the U.S. Court of Appeals for the District of Columbia Circuit  —  WASHINGTON, DC - Today, President Obama will nominate Caitlin Halligan and Srikanth Srinivasan to serve on the United States Court of Appeals for the District of Columbia Circuit.
Jonathan Easley / The Hill:
Florida to sue DHS in voter registration battle  —  Florida Gov. Rick Scott (R) said he will sue the Department of Homeland Security (DHS) to move forward with his controversial attempt to purge the voter rolls in his state of ineligible voters.  —  “I have a job to do to defend the right …
David Brooks / New York Times:
The Follower Problem  —  If you go to the Lincoln or Jefferson memorials in Washington, you are invited to look up in admiration.  Lincoln and Jefferson are presented as the embodiments of just authority.  They are strong and powerful but also humanized.  Jefferson is a graceful aristocratic democrat.
Discussion: First Draft and Balloon Juice
Robert Stacy McCain / The Other McCain:
HUGE!  Neal Rauhauser's Vicious Lies Exposed by Yet Another Leaked E-Mail  —  Last night, I published an e-mail showing that Democrat political operative Neal Rauhauser, representing himself as an agent of Brett Kimberlin's Velvet Revolution, had used his connections to the “Anonymous” …
Jack Maddox / CNN:
Sheriff: Father kills man sexually abusing his daughter  —  (CNN) — A Texas father caught a man sexually assaulting his 4-year-old daughter and punched him in the head repeatedly, killing him, authorities said.  —  The father was casually acquainted with the alleged abuser, said Lavaca County Sheriff Micah Harmon.
IU News Room:
IU community mourns passing of Distinguished Professor and Nobel Laureate Elinor Ostrom  —  FOR IMMEDIATE RELEASE  —  BLOOMINGTON, Ind. — The entire Indiana University community mourns the passing today of Distinguished Professor Elinor Ostrom, who received the 2009 Nobel Prize …
Discussion: Real Time Economics
Michael Patrick Leahy / BREITBART.COM:
THE ACADEMIC SCANDAL ELIZABETH WARREN AND HARVARD DON'T WANT YOU TO KNOW ABOUT  —  In 1990, Rutgers Professor Philip Shuchman charged Elizabeth Warren, along with Teresa A. Sullivan (above), the President of University of Virginia who resigned unexpectedly yesterday, and Jay Westbrook …
Boston Globe:
No mention of ‘bisexual,’ ‘transgender’ under Romney  —  Words brought halt to antibullying guide  —  Republican presidential candidate, former Massachusetts Gov. Mitt Romney, talks during a campaign stop in St. Louis, Mo. (Evan Vucci/AP Photo)  —  Former governor Mitt Romney's administration …
Matt Negrin / ABCNEWS:
Would Romney Cut Firefighters?  —  Image credit: Whitney Curtis/Getty Images  —  Mitt Romney appears to be denying that he would cut firefighters and teachers as president, though comments by his campaign and supporters haven't fully resolved a statement the candidate made last week about public workers.
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 More Items: 
Thomas Lohnes / Nextgov:
State considers $16.5 million contract for Amazon Kindles
Trip Gabriel / New York Times:
In Romney's Voucher Education Policy, a Return to G.O.P. Roots
Discussion: The Caucus
Eline Gordts / The Huffington Post:
Gay Pride Month: Israel Defense Forces Facebook Photo Stirs Controversy
Discussion: Towleroad News #gay
Allahpundit / Hot Air:
Obama: I couldn't go to Wisconsin to campaign against Scott Walker because I was busy with stuff
Tomas Dinges / New Jersey Online:
Boat explosion reported off coast of Sandy Hook
Discussion: New York Magazine
Rachel Leven / The Hill:
GOP chairmen failing to cut checks from campaigns to NRCC
Discussion: Prairie Weather
 Earlier Items: 
Noah Smith /
Economics, geekiness, and distraction from productive activity.
Discussion: EconLog
Dave Levinthal / Reuters:
FEC: OK to fundraise via text
Clarence Page / Chicago Tribune:
What's with Wisconsin?  —  (Chris Walker, Chicago Tribune / June 5, 2012)
Discussion: First Draft
Anne Tergesen / Wall Street Journal:
Counting on an Inheritance? Count Again.
Discussion: Power Line and Hot Air