Speed Round
AUDIO: MCCAIN ON GAS PRICES
Don’t worry, the high gas prices are baffling GOP presidential candidate John McCain, as well. In fact, he’s so confused, he doesn’t have a solution for them.
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[Wonk Room]
THREE FOURTHS OF A POINT
The size of the cut to a key interest rate the Fed makes to fight back inflation and recession. [NYT]
LOVIN’ IT
The DOW soars “as shares of financial firms surged in the hopes that the Federal Reserve has finally taken hold of the credit crisis. The Dow Jones industrial average gained 420 points.” [NYT]
UP CLOSE AND PERSONAL
Fresh out of the oven New York Gov. David Paterson avoids pulling a Spitzer and airs out his dirty (and sexy) laundry ahead of time.[RAW STORY]
QUOTE OF THE DAY
“Basically, it was a room full of 50 people with nothing to do but daydream of plane crashes and sex scandals.” – New NY Gov. David Paterson, last summer, after attending the Lieutenant Governors’ Convention in Washington, DC. [Page Six]
CRUMBLING INFRASTRUCTURE
Three miles of Philadelphia’s I-95 will close after workers discover a 6-foot crack in one of the main concrete pillars supporting the road. [NY Times]
TODAY IN WINGNUT
Far-right conservatives in Colorado are collecting signatures for a petition to establish “Personhood” for eggs the moment they are fertilized in a woman’s body. Similar petitions have already failed in Georgia, Mississippi and Michigan. [The Denver Channel]
ECONOMY
The value of the dollar is so low that smaller currency vendors in Amsterdam are refusing to accept American cash to convert to local money. [Reuters]
POLLUTION
A week after the world’s top marathon runner dropped out of the Summer Games due to poor air quality, the International Olympic Committee acknowledged yesterday that “air pollution could affect the health and performance of athletes at this summer’s Olympics in Beijing.” [MSNBC]
WAR
Inmates have taken control of parts of Afghanistan’s main high-security prison just outside of Kabul. They’ve taken Afghan soldiers hostage and are threatening to assassinate them unless mediators are sent in to resolve the situation. [BBC]
1 IN 5
The International Organization for Migration (IOM) said yesterday that “nearly one in five of Iraq’s population before the U.S.-led invasion” are either “internally displaced people or refugees in other countries.” [IOM]
PINK SLIPS
Troubled airline giant Delta hands out voluntary severances to 30,000 employees — more than half its workforce. [AP]
HOLD YOUR BREATH
“The first of more than 130 million economic stimulus payments from Washington are scheduled to be sent to Americans’ mailboxes or bank accounts starting May 2, the IRS said.” [USA Today]
HIGHLY UNPOPULAR
The U.S. isn’t winning any popularity contests with the Iraqis on the fifth anniversary of the invasion. More than two-thirds of Iraqis believe US-led coalition forces should leave. [RAW STORY]
TYPICAL FLORIDA DEMOCRACY
The Florida Democratic Party announces it will not hold a second primary after being stripped of its delegates for moving up its primary against Democratic National Committee rules. [CNN]
THE GOOD NEWS
In the wake of yesterday’s bad news: the stock market rallied yesterday. [NY Times]
TRAGEDY
Floods kill 2 people in Missouri. [USA Today]
US, ABROAD
Officials have concluded that three mortar blasts in Yemen were targeted at the U.S. embassy in the country. [AP]