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12:05 PM ET, May 7, 2010


 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.
Jeannine Aversa / Associated Press:
Jobs up 290,000; jobless rate rises to 9.9 pct.  —  WASHINGTON — More confident employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years.  The jobless rate rose to 9.9 percent as people streamed back into the market looking for work.
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 …
Christina Romer / White Blog Feed:
The Employment Situation in April  —  Today's employment report shows the strongest signs yet of healing in the labor market, as private nonfarm payrolls expanded substantially.  At the same time, the rise in the unemployment rate reminds us of how far we still have to go before the economy is fully recovered.
Discussion: The Hill and
Wall Street Journal:
U.S. Economy Added 290,000 Jobs in April
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.
UK ‘wakes up to hung Parliament’
General Election 2010: Nick Clegg says Conservatives have the right to govern
Discussion: Guardian and Hot Air
Times of London:   Nick Clegg offers coalition talks to David Cameron
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 …
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.
Katharine Q. Seelye / New York Times:
Potential Court Pick Faced Dilemma at Harvard
Discussion: RedState and Main Justice
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 …
Tim Fernholz / American Prospect:
Financial Reform Update: Kaufman-Brown Defeated.
The Politico:
Wall St. plan clears two hurdles
Discussion: Cato @ Liberty and The Hill
Brian Beutler / TPMDC:
Vote On Fed Audit Delayed To Accommodate Bennett
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 …
Tom Lauricella / Wall Street Journal:
Market Plunge Baffles Wall Street
Scott Patterson / Wall Street Journal:
Did Shutdowns Make Plunge Worse?
Discussion: Clusterstock and Money & Company
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.
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 …
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.
Bill Halter Nearly Doubles Blanche Lincoln In Fundraising
Wall Street Journal:
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 …
New York Times:
A.I.G. Is Said to Replace Goldman as Top Adviser
Discussion: The Big Picture
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.”
Washington Post:
Oil riggers on ship that exploded in Gulf of Mexico describe fateful night  —  BELLE CHASSE, LA. — Before the explosion, the oil spill, the declarations of “environmental crisis” or the emergency visit by President Obama, 126 oil riggers were passing another quiet night on the Gulf of Mexico.
Discussion: Balloon Juice
KCCI POLL RESULTS - MAY 2010  —  DES MOINES, Iowa — The Research 2000 Iowa Poll was conducted from May 3 through May 5, 2010.  A total of 600 likely voters who vote regularly in state elections were interviewed statewide by telephone.  —  Those interviewed were selected by the random variation …
Capitol Ideas with John L. Micek:
New MC/Muhl Poll: Specter, Sestak Tied!  —  Looks Like Those Bush Ads Worked.  —  Snarlen and Joe Sestak are in a statistical dead heat in this morning's Morning Call/Muhlenberg College tracking poll.  —  The two Democrats are at 43 percent each in the poll of 410 likely primary voters, with 13 percent undecided.
Ben Geman / The Hill:
Lieberman: Offshore drilling in climate bill getting a ‘second look’  —  Sen. Joe Lieberman (I-Conn.), a chief architect of the upcoming Senate climate and energy bill, said Thursday that offshore oil-and-gas drilling provisions in the measure are getting a “second look.”
Discussion: The Politico, The Hill and Bloomberg
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 More Items: 
Yves Smith / naked capitalism:
On the Fat Fingered Trade and Market Freakout
Ronald Brownstein / National Journal Online:
The Conservative Tide  —  A PARTY TOO NARROW FOR SPECTER …
Discussion: The Note and Hit & Run
Jeff Sessions / Washington Post:
Americans look for Supreme Court to restrain federal power, not expand it
Discussion: New York Times, Law Blog and Hit & Run
The Smoking Gun:
For Airport Security, Size Matters
Colum Lynch / Washington Post:
In unusual move, Iran's foreign minister invites U.N. Security Council to dinner
Discussion: Commentary and Laura Rozen's Blog
Chris Amico / Online NewsHour:
How Much Oil Has Leaked Into the Gulf of Mexico?
 Earlier Items: 
Reid Wilson / Hotline On Call:
Confidence Improves, But Trust Hurts Obama
Discussion: and Weasel Zippers
Daniel Friedman / Hotline On Call:
Coburn Holds Ex-Bush Spokeswoman
Discussion: Balloon Juice
Brent Baker /
Actress Scarlett Johansson Gushes She's Drunk the ‘Kool-Aid’ of ‘Amazing’ Obama
Andy McCarthy / The Corner on National Review Online:
Disgraceful Leaking — By: Andy McCarthy
Stock Selloff May Have Been Triggered by a Trader Error

From Mediagazer:

Rick Porter / The Hollywood Reporter:
Nielsen: the Republican National Convention's final night averaged 25.38M US viewers over 14 outlets, up 7% from 2020; people 55+ were about 72% of the audience

A Russian court convicts Evan Gershkovich of espionage and sentences him to 16 years in prison; Wall Street Journal calls the trial a “sham”

Alexandra Canal / Yahoo Finance:
Netflix said India brought in the second-highest net subscriber additions in Q2 and was the third highest-country in revenue growth

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