Chaos rages in Libya as Kadafi refuses to step down, uses war tactics against anti-government protesters and the country's diplomats resign [LATimes]
Somali pirates kill the four Americans held hostage on their hijacked boat in the Indian Ocean [KTLA]
Powerful 6.3 earthquake rocks [...]
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@gerihirsch wme is so white
2 minutes ago via UberTwitter
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@sofifii I will never get enough of this Jeremy London scandal…
18 minutes ago via web
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@bazecraze Hard to believe it's been six months since Michael Jackson's funeral ended.
about 2 hours ago via Echofon
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@donetodeath You cannot look hard blasting Sean Kingston out of your Chrysler 300. #sorry #youlose
about 1 hour ago via UberTwitter
@HarMarSuperstar I was gonna go on tour this summer, but then I decided it would be way more fun not to.
17 minutes ago via web
@JenKirkman When strangers write their hardships & dreams in ALL CAPS on my Facebook wall I pray they also have a shrink whose wall they can write on
about 2 hours ago via web
@GaryJBusey Revised: Thanks to @Sn00ki and those Jersey Shore tans, Crayola has introduced a new color of crayon: Whorange.
about 2 hours ago via web
Article courtesy of Los Angeles | Guest of a Guest – Los Angeles People, Places, Parties & Nightlife
Go HERE for more photos from LA BOUM at Bardot and tag yourself and your friends!
Wednesday night, Bardot's weekly LA BOUM party had a very special guest performance by HANSON. Yes, that Hanson! They are so hot right now, didn't you know? The night was an epic rager and the band of brothers had the crowd of scenesters, indies and trendwhores dancing and singing along like giddy, carefree 12-year-old girls.
Little Zac all growed up!
They brought the house down with old classics like “Where's The Love,” “Weird” and of course “Mmmbop” as well as some new stuff, and proved they still have it and can electrify an audience just like when they were little weenagers with long blond hair.
Someone kept her Hanson fan club membership card from 10+ years ago. That's OG status.
BJ Panda Bear, Peaches Geldof
Sure, for a while most of partiers probably denied ever liking the band or owning Middle Of Nowhere, but you know they all made their mom's take them to buy the album so they could go home and play it incessantly on their discmans. Not anymore; this crowd proudly acknowledged their excitement and fully embraced the blast from the past after LA BOUM's host, Ana Calderon, introduced them on stage.
BJ Panda Bear, Ana Calderon, Har Mar Superstar
After the performance the party continued as everyone hit the dancefloor for a rage-a-thon to Michael Jackson's “PYT” and The Beatles' “Obladi Oblada” courtesy of DJ Myles Hendrik.
Article courtesy of Los Angeles | Guest of a Guest – Los Angeles People, Places, Parties & Nightlife
The self-proclaimed “coolest magician on earth” Rudy Coby wrapped up a week long residency at Hollywood's most famous members-only magic venue, The Magic Castle. His week-long stint, “Magic vs. Science,” ran from April 26-May 2 and consisted of performances and installations with a mad scientist experiment theme. The show included human-machine hybrids of science fiction, a teeny tiny Michael Jackson, a guy who covered himself in shaving cream.
Between the haunted-looking venue and the bizarre theme, Rudy's show didn't seem like it could be kookier, until special guest (and former roommate!) Marilyn Manson hopped up on stage as to help the magician with his tricks. Thanks to Curious Josh, we can see the strangeness unfold…
[All photos by Curious Josh via]
Article courtesy of Los Angeles | Guest of a Guest – Los Angeles People, Places, Parties & Nightlife
Article courtesy of Los Angeles | Guest of a Guest – Los Angeles People, Places, Parties & Nightlife
Article courtesy of Los Angeles | Guest of a Guest – Los Angeles People, Places, Parties & Nightlife
Lehman Whistle-Blower’s Fate: Fired (WSJ)
Matthew Lee, a 14-year Lehman veteran, was let go in late June 2008 amid steep losses at the firm as it tried to maneuver through the global financial crisis. Earlier that month, he had raised concerns with Lehman’s auditor, Ernst & Young, that the securities firm was temporarily moving $50 billion in assets off its balance sheet.
Citigroup Bolsters Proprietary Trading Arm as Volcker Rule Spurs Defectors (Bloomberg)
Kevin Russell, head of Americas stock trading, told employees and securities firms supporting the unit last week that Citigroup may increase the group’s trading limits and capital, according to the people. The New York-based bank will replace some or all of the six portfolio managers and analysts who left since their leader, Matt Carpenter, quit in February, according to two of the people, who declined to be identified because the unit’s operations are confidential.
Roubini Worried by ‘Runaway Fiscal Deficits’ (CNBC)
Exit policies [from stimulus strategies] pose a “damned if you do, damned if you don’t” dilemma, as withdrawing stimulus too soon could push economies back into recession, while leaving it too long would push already high fiscal deficits even higher, Roubini, who predicted the 2007 financial crisis, explained.
Barclays Targeted UBS Ahead of Lehman Buy (Reuters)
Senior executives at Barclays Capital had presented UBS as a favored takeover target at a July 2008 board meeting.
Ex – AIG Employees Might Sue Over Lower Payouts (Reuters)
The insurer is asking former employees who are eligible for the payout what they earned after leaving AIG so it can reduce the retention bonus payments by that amount, said Gary Phelan, a partner at law firm Outten & Golden, which represents eight current and former employees. “They’ve had several months to determine whether or not any payment should be offset,” Phelan said. “Unless there’s a very quick payment made of the balance 25 percent, I think (a lawsuit) is inevitable.”
Michael Jackson’s estate strikes richest deal in history for 10 albums with Sony Corp. (NYDN)
The Gloved One’s estate has struck a deal with the Sony Corp. for 10 Jackson albums through 2017 worth as much as $250 million.
EU Finance Ministers Fail to Reach Deal on Hedge-Fund Rules (WSJ)
“We have a need to do yet more work on this over the next few weeks,” Spanish Finance Minister Elena Salgado told a news conference after the ministers’ regular monthly meeting.
‘Wall Street’ sequel is an omen of U.S. collapse (MarketWatch)
Really: “He says he can’t predict the future. Don’t believe him: Even if he’s unaware of his ’source,’ it’s stirring again, rising from deep in what Carl Jung would call the ‘collective unconscious’ of the ‘American Soul,’ warning us again of a collapse, using Stone as a stock trader’s ‘alert.’”
Article courtesy of Dealbreaker