TVNZ

British fundraiser wins "best job in the world"
Reuters - Belinda Goldsmith
By Belinda Goldsmith CANBERRA, May 6 (Reuters) – British charity fundraiser Ben Southall won the "best job in the world" on Wednesday — caretaker of an Australia tropical island — after an innovative marketing campaign that highlighted the power of …
UK man lands 'world's best job' BBC News
Brit wins 'best job in the world' competition CNN International
Brisbane Times - Straits Times - TVNZ - NZ Herald Hamilton Metro
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ABC News

Bank of America to need $34 billion in capital: source
Reuters - Karey Wutkowski, Jonathan Stempel
By Karey Wutkowski and Jonathan Stempel WASHINGTON/NEW YORK (Reuters) – Bank of America Corp has been deemed to need as much as $34 billion in additional capital, according to the results of a government stress test, a source familiar with the results …
Public scrutiny blunted bank stress tests The Associated Press
Report: BofA capital gap hits $35 billion Bizjournals.com
Forbes - CharlotteObserver.com - Los Angeles Times - AFP
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TVNZ

Plan to Sell Chrysler to Fiat Clears Bar
New York Times - Michael J. de la Merced, Jonathan D. Glater
By MICHAEL J. de la MERCED and JONATHAN D. GLATER The judge overseeing the bankruptcy of Chrysler on Tuesday took a significant step toward allowing the sale of most of the automaker to Fiat, approving the bidding procedures advocated by the company …
Judge OKs Chrysler's steps toward sale to Fiat The Associated Press
Judge Approves Chrysler's Plan For Selling Assets Washington Post
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United Press International

Pakistani Army Poised for New Push into Swat
New York Times - Carlotta Gall, Mark Landler
Residents fled from Mingora, in the Swat Valley, on Tuesday. Many of those fleeing will now stay in camps or with relatives in cities like Mardan or Peshawar.
Analysis: Obama faces test on Afghanistan, Pakistan CNN
Obama Aims to Close 'Trust Deficit' With Allies on Taliban Plan Bloomberg
Reuters - Washington Post - AHN - Boston Globe
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Aljazeera.net

Justice Likely to Urge No Prosecutions
Wall Street Journal - Evan Perez
By EVAN PEREZ The Justice Department said it is nearing completion of an internal probe that is expected to recommend professional sanctions but no criminal prosecution for former department lawyers who authorized harsh Central Intelligence Agency …
Torture: The Smoking Gun? Atlantic Online
Early report doesn't recommend charges for torture memos CNN International
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New York Times

Michelle Obama captivates glittery crowd in NYC
The Associated Press
NEW YORK (AP) – She's already conquered Britain, France and Germany. On Tuesday, it was time for Michelle Obama to conquer New York.
Video: First Lady's Footwear CBS
Michelle Obama takes center stage at Time Warner Center Dan Janison Newsday
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Los Angeles Times

Bernanke's Outlook a Bit Brighter
Washington Post - Neil Irwin
By Neil Irwin The US economy seems to be contracting at a slower rate than it was a few months ago, Federal Reserve Chairman Ben S. Bernanke told lawmakers yesterday, delivering a message of optimism that was tempered by his forecast that the economy …
Video: Ex Fed Chair talks economy in Indy WISH TV
Ben Bernanke on Recovery and Stress Tests BusinessWeek
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FOXNews

Cornyn: Ridge weighs bid for Sen. Specter's seat
The Associated Press
HARRISBURG, Pa. (AP) – Tom Ridge, the former governor who became the nation's first homeland security chief, may challenge Sen. Arlen Specter in the state next year, Republican Party leaders confirmed Tuesday.
How Republicans can right themselves Macon Telegraph
GOP leaders say Ridge considering Senate run The Patriot-News – PennLive.com
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Reuters

Hamas warns Abbas not to form new government alone
Jerusalem Post - Khaled Abu Toameh
By KHALED ABU TOAMEH After failing to reach agreement with Hamas over the formation of a Palestinian unity government, Palestinian Authority President Mahmoud Abbas is planning to form a new government that would not include representatives of the …
UN envoy expresses alarm at Gaza humanitarian situation AFP
Falk tells why Israel stonewalls Gaza probe PRESS TV
Voice of America - New York Times - BBC News - Reuters
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BBC News

Taliban announce 'countersurge' in Afghanistan
Christian Science Monitor - Anand Gopal, Anand Gopal
The militants have vowed to launch a new offensive against US and its allies, which are preparing to increase troop levels. By Anand Gopal • A daily summary of global reports on security issues.
Afghan Presidential hopeful promises Taliban talks Reuters UK
Taliban threatens wave of attacks against US surge The Associated Press
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