Top Items:
Christine Hauser / New York Times:
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.
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Steve Benen / Washington Monthly:
AT LONG LAST, U.S. JOB MARKET STARTS TO LOOK PRETTY GOOD.... It seemed all but certain that the economy added jobs in April; the question was how many, and the extent to which the larger trend would be encouraging or discouraging. — With that in mind, the new from the Bureau of Labor Statistics offered …
Discussion:
The Atlantic Online, A plain blog about politics, Think Progress, Free exchange, The Hill and MyDD
Phil Izzo / Real Time Economics:
Broader U-6 Unemployment Rate Increases to 17.1% in April — The U.S. jobless rate rose to 9.9% in April, the first increase in three months, but the government's broader measure of unemployment ticked up for the third month in a row, rising 0.2 percentage point to 17.1%.
Jeannine Aversa / Associated Press:
Jobs up 290,000; jobless rate rises to 9.9 pct.
Jobs up 290,000; jobless rate rises to 9.9 pct.
Discussion:
JammieWearingFool, WOWT-TV, Real Time Economics, Scared Monkeys, Think Progress, Townhall.com, Politics Daily and DaTechguy's Blog
Mike Allen / The Politico:
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 …
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Jackie Calmes / New York Times:
Obama to Seek More Power to Cut Spending From Bills — WASHINGTON — President Obama, in his latest effort to signal fiscal responsibility against the rising debt, plans this month to ask Congress to give him and future presidents greater power to try to delete individual items from spending bills.
BBC:
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.
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Joe / Joe. My. God.:
My Interview With Jo-Vanni Roman — Around 1am this morning I got tipped by one of the guys at Unzipped that Jo-Vanni Roman was finally ready to speak with me. Five minutes later I had him on the phone from Fort Lauderdale, but not before I alerted Father Tony to be ready to rush over to him immediately for a video interview.
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Miami New / Riptide 2.0:
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 …
Myglesias / Matthew Yglesias:
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:
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Floyd Norris / New York Times:
Market Drop Fueled by a Crisis, Anxiety and an Error
Market Drop Fueled by a Crisis, Anxiety and an Error
Discussion:
Washington Post, Left Coast Rebel, Ezra Klein, Washington Monthly, Gawker, TPM LiveWire, CNBC and Wall Street Journal
Catherine Rampell / Economix:
Comparing This Recession to Previous Ones: Job Changes — Horizontal axis shows months. Vertical axis shows the ratio of that month's nonfarm payrolls to the nonfarm payrolls at the start of recession. Note: Because employment is a lagging indicator, the dates for these employment trends …
Discussion:
Eschaton
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Andrew Malcolm / Top of the Ticket:
Al Franken takes over the U.S. Senate floor to explain a newspaper cartoon to the waiting nation — All we can say is thank goodness Minnesota's newest Democratic U.S. senator, Al Franken, was on duty Thursday. — We were poring through one of America's most glorious man-caused treasures …
Discussion:
Hot Air
The Smoking Gun:
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.
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New York Times:
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 …
Discussion:
Mother Jones, Democracy in America, Felix Salmon, New York Magazine, Clusterstock, DealBook, Gothamist and Opinions You Should Have
The Huffington Post:
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 …
Discussion:
Ezra Klein, American Prospect, Bloomberg, Real Time Economics, Crooks and Liars, Taylor Marsh, Politics Daily, Move Your Money, DownWithTyranny!, The Huffington Post, Clusterstock, TPMDC, Open Left, New York Magazine, The Nation, ourfuture.org/blogs_chrono/*, Corrente and Washington Post
Yves Smith / naked capitalism:
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.
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New York Times:
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.
Caroline Glick:
Time to plan for war — So much for US President Barack Obama's famed powers of persuasion. At the UN's Nuclear Non-Poliferation Treaty review conference which opened this week, the Obama administration managed to lose control over the agenda before the conference even started.
Ezra Klein:
Secret holds are not the problem (but the Democrats would like to make them the problem) — I've never been able to get a straight answer on why, exactly, senators should be able to place anonymous holds on nominees. I can see the arguments for holds themselves: They allow senators …
Nicholas Wade / New York Times:
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 …
Discussion:
JustOneMinute, Jules Crittenden, Fausta's Blog, The Confluence, Prairie Weather, Guardian and Neptunus Lex
New York Times:
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.
Discussion:
Firedoglake, Green, Wall Street Journal, ProPublica, New Orleans Times-Picayune, Balloon Juice and Prairie Weather
John Lyon / Arkansas News:
Poll: Lincoln leads Halter; Boozman leads both Democrats — LITTLE ROCK — A new poll commissioned by the Arkansas News Bureau/Stephens Media shows U.S. Sen. Blanche Lincoln, D-Ark., with a 12-point lead over Lt. Gov. Bill Halter, the chief Democratic challenger to Lincoln's re-election bid.
Amanda Terkel / Think Progress:
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.”