Frontpage: Monday, May 1st
- Report: Bank of America to Cut 2,000 Jobs: Bank of America is planning on cutting 2,000 jobs—including 400 in its investment banking, corporate banking, and sales and trading units—The Wall Street Journal reported on Tuesday.
- May Day Protests Across the Globe: Happy May Day! Workers across the globe planned strikes and marches to demand better labor conditions on Tuesday, while Occupy Wall Street hopes to launch a spring awakening of its protest movement. Occupy called for “no work, no school, no shopping, no banking” throughout the country, as spokesman Mark Bray said the movement wants to show that the “99 percenters make things run in this country.”
- Bin Laden Planned Obama Assassination: In the months before his death, Osama bin Laden planned assassinations of President Obama, General Petraeus, and other U.S. officials, while also considering changing the name of al Qaeda due to “disaster after disaster.” John Brennan, President Obama’s top counterterrorism official, said the documents found in the raid that killed bin Laden showed that he felt the terrorism network had become a “shadow” of its former self and its core leadership would soon be “no longer relevant.”
- M.P.s: Rupert Murdoch Not ‘Fit’: Members of the British Parliament who are investigating phone hacking called Rupert Murdoch “not a fit person” to lead News Corp. and said he had misled them. Murdoch “turned a blind eye and exhibited willful blindness,” said the report by the 11-member House of Commons Culture, Media and Sport.
- Clinton Heads to China: U.S. Secretary of State Hillary Clinton left for China on Monday, where a blind dissident is reportedly being protected at the U.S. embassy in Beijing. Both governments avoided making any official comments about Chen Guangcheng, who escaped from house arrest last week, but officials said that Chen is expected to demand to stay in China and continue his campaign for reform.