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Despite hefty bailouts and infinitesimal interest rates, Citi, Ally Financial, MetLife and SunTrust were not able to pass the latest round of stress tests designed and measured by the Federal Reserve.

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British Prime Minister Tony Blair has announced that he'll be moving out of 10 Downing Street to make way for his successor on June 27. Blair revealed when he would step down and looked back on the highs and lows of his time in office in a speech to a group of Labour Party supporters in Sedgefield on Thursday.

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The spinmeister in chief gave the Arab country advice on how to allay concerns about its pending takeover of major U.S. ports. (Clinton did this at the same time his wife was railing against the deal--just in case anyone mistakenly assumes that the N.Y. senator takes all her cues from the ex-prez.)

Venezuela

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Update: Hugo Chavez and the Latin American left picked up an important new ally when, a few weeks ago, peasant leader Evo Morales (shown at right here) was elected as president of Bolivia. What's all the fuss over Hugo Chavez? Marc Cooper examines the mercurial leader and his contentious relations with the Bush administration.

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