It's the economy (Friday, May 28, 2010)

Gordon Campbell's Waterloo, Dowgrading Spain and the blight of useless, unemployed men. Some of the highlights of the Friday financials.

Globe and Mail-- Spain’s troubled savings banks may spur new financial crisis
Globe and Mail-- HST backlash could prove to be B.C. Liberals’ Waterloo
Globe and Mail-- Greece could set off bigger debt bomb
National Post-- Spain's downgrade fresh blow for world markets
National Post-- Canada won't fall victim to foreclosure wave: Report
National Post-- Carney's big call
Vancouver Sun-- iPad launches in Canada: Vancouver lineups start early this morning
Vancouver Sun-- BC government hit with lawsuit after rejecting independent power project
New York Times-- Strike in China Highlights Gap in Workers’ Pay
New York Times-- BP Engineers Making Little Headway on Leaking Well
New York Times-- U.S. Bank Failure Total Is 77 as 4 More Institutions Are Shut
USA Today-- Cameron: Britain can't move forward till deficit is reduced
USA Today-- Reynolds cuts cigarette production, increases smokeless
Guardian UK online-- Euro falls as Spain suffers rating downgrade
Guardian UK online-- iPad goes on sale as Apple faithful flock to Britain's stores
Guardian UK online-- BP shares drop as clean-up cost approaches $1bn
Times online UK-- Euro plunges as Spain’s debt downgraded
Times online UK-- Useless, jobless men – the social blight of our age
Telegraph UK online-- BP will remain stuck in muddy waters whether Hayward stays or goes
Telegraph UK online-- Fitch downgrades Spain's credit rating
Telegraph UK online-- David Cameron hints at interest rate rise to combat 'worrying' inflation
Melbourne Herald Sun-- Virgin shares dive on poor profit
Melbourne Herald Sun-- Santos wins approval for Gladstone LNG
Sydney Daily Telegraph-- James Packer quiz - test your knowledge
People's Daily-- Resource tax to be levied in Xinjiang
People's Daily-- China to continue proactive fiscal policy on domestic, international uncertainties: finance minister
China Daily-- China orders review of local govt finances (Agencies)
China Daily-- Banks lend less in May as stimulus winds down
Times of India-- Food inflation eases, but still above 16%
Times of India-- India can turn euro crisis into opportunity