Stock markets were up all over the world today on news that Greece and other European economies won’t be allowed to fail—at least for the moment. Over the weekend, almost a trillion dollars was pledged to protect the Euro. Has a potential global crisis been resolved—or only postponed? Also today, President Obama has named Solicitor General Elena Kagan to replace John Paul Stevens on the US Supreme Court.Liberals say she’s not progressive enough. Conservatives don’t like her record on Don’t Ask, Don’t Tell. Republicans could filibuster if they wanted to. What are the prospects for Senate confirmation
Banner Image: NEW YORK - MAY 10: Traders work on the floor of the New York Stock Exchange during morning trading on May 10, 2010 in New York City. Following an agreement by the European Union to a nearly $1 trillion loan package to Greece in order to help contain a debt crisis that potentially could affect most of Europe, U.S. stocks surged as the market opened Monday morning. The Dow Jones Industrial Average climbed 404 points, or 3.9%, and the Nasdaq was up 4.8% in early trading. (Photo by Spencer Platt/Getty Images)