U.S. Adds 290,000 Jobs in April; Rate Rises to 9.9%  —  The American economy added an unexpectedly strong 290,000 jobs in April, while the unemployment rate rose to 9.9 percent, the government said Friday.  —  Analysts had expected a gain of about 190,000 in the month.

Brown ‘respects’ Clegg-Tory talks  —  Gordon Brown has said he “respects” the right of the Lib Dems to talk to the Tories about forming a government.  —  But he said he was still PM and, if talks failed, would open negotiations with the Lib Dems, after the election resulted in a hung parliament.

Obama's Court pick is imminent — POTUS to seek line-item veto — Britain sorting out ‘hung parliament’ — Did Dow tank on ‘fat finger error’?  — Palin + Facebook = Yahtzee  —  DRIVING NEXT WEEK — Look for President Obama to name his Supreme Court pick Monday, and look …

Senate Votes For Wall Street; Megabanks To Remain Behemoths  —  What's Your Reaction: … A move to break up major Wall Street banks failed Thursday night by a vote of 61 to 33.  —  Three Republicans, Richard Shelby of Alabama, Tom Coburn of Oklahoma and John Ensign of Nevada …

The ECB's Bad Reputation  —  Neal Irwin explains that the European Central Bank could take decisive action to avert disaster in Europe but almost certainly won't for no real reason: … Dean Baker wonders what about the ECB's reputation as a competent central bank, arguing:

Things Rekers Said To Lucien When He Didn't Think We Were Listening  —  Anti-gay activist George Alan Rekers contends in an earlier post on Riptide that he did not hire a young gay escort named Lucien as a prostitute.  But what the minister — who hasn't returned calls seeking comment …

Bill Targets Citizenship of Terrorists' Allies  —  WASHINGTON — Proposed legislation that would allow the government to revoke American citizenship from people suspected of allying themselves with terrorists set off a legal and political debate Thursday that scrambled some of the usual partisan lines on civil-liberties issues.

High-Speed Trading Glitch Costs Investors Billions  —  The glitch that sent markets tumbling Thursday was years in the making, driven by the rise of computers that transformed stock trading more in the last 20 years than in the previous 200.  —  The old system of floor traders matching buyers …

Signs of Neanderthals Mating With Humans  —  Neanderthals mated with some modern humans after all and left their imprint in the human genome, a team of biologists has reported in the first detailed analysis of the Neanderthal genetic sequence.  —  The biologists, led by Svante Paabo …

For Airport Security, Size Matters  —  Cops: New high-tech screener triggered fight over manhood insult  —  A Transportation Security Administration screener is facing an assault rap after he allegedly beat a co-worker who joked about the size of the man's genitalia after he walked through a security scanner.

Michael Moore Says Judge's Ruling Could Have ‘Chilling Effect’ on Documentaries  —  The director Michael Moore says that a federal judge's ruling to allow Chevron to subpoena footage from the documentary “Crude” could have dire consequences on the documentary filmmaking process …

Graham Says He Could Vote for Climate Bill, but Oil Spill Requires a ‘Time-Out’  —  Sen. Lindsey Graham sees himself as a possible 60th vote on the comprehensive energy and climate bill.  —  But the South Carolina Republican doubts the debate will even get that far, at least …

Goldman, SEC Discuss Settlement  —  Sides Remain Far Apart as Criminal Probe, Deal Structure Pose Hurdles; Shareholder Meeting Today  —  Goldman Sachs Group Inc. lawyers met this week with representatives of the Securities and Exchange Commission in a first step toward a potential settlement …

Regulator Deferred to Oil Industry on Offshore Rig Safety  —  WASHINGTON — Federal regulators warned offshore rig operators more than a decade ago that they needed to install backup systems to control the giant undersea valves known as blowout preventers, used to cut off the flow of oil from a well in an emergency.

The ‘Woodstock’ of Tea Parties planned for 9/11 anniversary.  —  Last year, the Tea Party movement gathered in Washington, DC for a widely publicized rally on Sept. 12.  Fox News host Glenn Beck, the brains behind the march, implored people to attend by saying that they “may be the only thing that stands between freedom and slavery.”

On the Fat Fingered Trade and Market Freakout  —  We'll know in due course, now that an investigation is underway, why the equity markets in the US went into complete freefall for about twenty minutes, with the Dow dropping 998 points.  Per Bloomberg: … Yves here.