Obama Fast and Furious To Keep Secrets, Fed Seeks Prosperity With a Twist, Lessons in Loyalty: P.M. Links

• Unwilling to surrender documents related to the Fast and Furious fiasco, and leery of submitting Attorney General Eric Holder to contempt proceedings, the White House says the info is all secret stuff protected by executive privilege. Contempt hearings continue uninterrupted.

• The Federal Reserve plans to extend "Operation Twist," selling hundreds of billions of dollars in short-term securities and buying more hundreds of billions of dollars in long-term securities in order to keep interest rates low. It's all intended to bankroll this promising stage production …
• Pizza companies accustomed to uber-customizing their offerings band together to oppose government plans to require detailed menu labeling.
• Antonis Samaras of Greece's conservative New Democracy is leading an unlikely bedfellows coalition including the socialist PASOK and the more-socialist Democratic Left. You might want to put that Aegean vacation on hold.
• Despite a complaint from a parent, government schools in Morganville, N.J., will continue an "optional" pledge of allegiance to the district and its teachers. "I don't know about you guys, but I've never heard of a pledge of allegiance to the school, to the school district and to the teachers," a complaining parent said. Such disloyalty.
• The makers of "Atlas Shrugged: Part II" plan a more aggressive marketing campaign than was dedicated to the first film, in hopes of reaching a wider audience.
• The Texas Democratic party has endorsed the decriminalization of marijuana. Meanwhile, Oaksterdam University and the Oaksterdam Cannabis and Hemp Museum seek new digs in the wake of a federal raid in April.

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