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Friday, May 7, 2010

Morning Newsdome: The UK election was, like, so much fun!

click to enlarge Scene from the current UK parliament
  • Scene from the current UK parliament

>> In a 61-33 vote, the Senate voted against breaking up major Wall Street banks so that the six largest banks' liabilities would not be more than 2 percent of the GDP. So to clarify: banks still "too big to fail." (Huffington Post)

>> CNBC reports that yesterday's massive stock-market plunge could be traced back to a Citigroup trader who entered a "b" for billion instead of a "m" for million on a trade. God, is there anything Citigroup doesn't screw up? (CNBC)

>> On the job market front, 290,000 new jobs were added last month, but unemployment still grew from 9.7 to 9.9 percent. That' kind of logic only makes sense to an American economist. (USA Today)

>> Across the pond, the results for the UK's election are in, and it's the first hung parliament since 1974 with the Conservatives gaining the most seats but not enough for a majority government. They should just go back to having an all-powerful, sophisticated Queen. (BBC News)

>> And finally: Co-founder of the right-wing, homophobic Family Research Council George Alan Rekers was caught on a ten-day European vacation with a 20-year-old male rent boy. I'm sure they were talking about the Bible while touching each other, naked in a European steamroom. (Miami New Times)

(Photo Courtesy Wikimedia)

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