Posts Tagged
‘NBC’

An egregious mistake creates huge losses for JPMorgan; Russia’s Foreign Minister says outside countries are responsible for yesterday’s blasts in Damascus; a shoe-thrower interrupts Anders Breivik’s trial; more details are revealed about the double-agent who foiled the Yemeni bomb plot; Mitt Romney tries to side-step gay rights and shift the nation’s focus back to the economy; and President Obama raises $15 million at George Clooney’s fundraiser. Meanwhile, NBC makes some big changes to its line-up; Russell Brand will host the MTV Movie Awards; and Serena Williams has a new rap song.

Caitlin

CRUCIAL:

JP Morgan sends Wall Street lower, http://reut.rs/Kf9DF6
Stock index futures are down today after JPMorgan called an emergency conference call with investors to reveal a trading loss of $2 billion due to “egregious mistakes” on a hedging strategy. As a result, the biggest U.S. bank by assets will most likely post a loss of $800 million this quarter; before this error, it was due to post a $200 million profit. The mistake was from a trader called the “London Whale,” who amassed a outsized position that hedge funds bet against.

Opposition: Syrian regime orchestrated bombings, http://bit.ly/JIB32d
Russian Foreign Minister Sergei Lavrov said in Beijing on Friday that “outside forces” executed the twin blasts that killed at least 40 in Damascus yesterday. “Some countries are inciting outside forces to interfere into the Syrian situation, which is unacceptable,” Lavrov said, although he would not specify the countries he believed responsible. The Syrian government has blamed “terrorists” for the attacks, while the opposition says the government is responsible.

(via USA Today) Shoe-thrower interrupts Norway killing trial, http://usat.ly/KMIGJS
The trial of Anders Behring Breivik was interrupted briefly Friday when the brother of one of his 77 victims hurled a shoe at the confessed mass killer and yelled, “Go to hell,” before being escorted from the court room, police and witnesses said. It was the first outburst from the normally subdued crowd watching the terror trial in Oslo’s district court since the proceedings began in mid-April. Breivik — a self-styled, anti-Muslim militant — has been charged with terrorism, admitting he carried out a bomb-and-shooting rampage that stunned Norway on July 22

Saudi agent in bomb plot held UK passport, source says, http://bit.ly/Jj705T
More details have been revealed about the CIA double-agent who foiled the Yemeni underwear bomb plot. The agent is Arabic with a British passport and has lived in the UK for many years. He was recruited by Saudi antiterrorist agencies after he had become involved with a group of jihadists and had the ability to pass for a terrorist.

(via The Seattle Times) NAACP launches voter registration push in Georgia, http://bit.ly/JjajXZ 
Saying it won’t let recently enacted voter ID laws suppress turnout, the NAACP on Wednesday launched a nationwide drive to register thousands of mostly minority, student and elderly voters before the Nov. 6 elections. The National Association for the Advancement of Colored People says these groups could be the ones most affected by laws requiring them to show identification before they can exercise their right to vote.

Los Angeles event brings $15 million to Obama campaign, http://lat.ms/K6igR4
In what may be the largest campaign haul to come from one night, George Clooney’s soiree at his Hollywood home garnered the Obama campaign $15 million. For $40,000 a plate, the likes of Diane Von Furstenberg, Robert Downey Jr, and James Brolin were able to rub shoulders with the president and listen to him speak.  ”Obviously yesterday we made some news,” Obama told the crowd.  ”But the truth is it was a logical extension of what America is supposed to be.”

Romney to shift focus from gay rights to economy, http://apne.ws/INV8CV 
Mitt Romney is trying to shift the nation’s focus back to the economy after President Obama historically endorsed same-sex marriage. Romney has his work cut out for him as his next campaign stop is in North Carolina, where voters recently decided to ban gay marriage in their state’s constitution. He also will be delivering the commencement address at Liberty University, which was founded by Rev. Jerry Falwell, a strong opposer of gay rights.

CULTURAL:

NBC Announces Renewal of Parenthood, 30 Rock, http://bit.ly/JpeT6r

“Milk” screenwriter warms to Obama after gay marriage announcement, http://trib.in/J5hdMY

Russell Brand To Host 2012 MTV Movie Awards, http://on.mtv.com/K6wMrR

Reese Witherspoon’s mom sues her father for bigamy, http://on.msnbc.com/IQMusj

Serena Williams Make Her Rap Debut With New Song, http://on.mtv.com/KQpQMr