Morning Media Summary

Tech:

How Tweet it is: Twitter and the bin Laden Story:
““Last night saw the highest sustained rate of Tweets ever. From 10:45 – 2:20am ET, there was an average of 3,000 Tweets per second.””

Court approves Google’s bid for Nortel patents:
“Nortel Networks Corp. (OTCBB:NRTLQ) said Monday it has received court approval for a $900-million “stalking horse” bid by Google for the company’s remaining patents and patent applications.”

Google Sued For Tracking Users’ Locations:
“Two Android phone users are suing Google for $50 million in the wake of revelations that their phones might be tracking their locations.”

Global Warming / Environment / Energy
:

Gas prices set record in Chicago:
“U.S. gasoline prices surged ever closer to the $4-a-gallon threshold in the latest week, placing more pressure on lawmakers to show voters they are working to provide relief at the pump.”

Insurance / Gambling:

Online gaming legalization a hot topic. Where does Nevada fit in?:
“It’s time to retire the phrase “if Internet gambling is legalized.” By now, it’s clear that the approval of online wagering, particularly Internet poker, is not a matter of if but when.”

Health / Safety:

On the Call: Humana COO on health care use:
“Some health insurers have been benefiting from a slowing growth rate in health care use, contributing to a stronger performance for the companies as they have reported improved earnings recently. Industry analysts are looking for any signs that the use rate is accelerating, which would result in a greater percentage of premiums going to pay medical claims.”

Economics:

US Debt Rating Should Be ‘C’: Independent Agency:
“There have been increasing concerns about the fate of United States’ prized triple-A sovereign debt rating. While Standard and Poor’s recently downgraded its U.S. debt outlook to negative from stable, implying that a ratings cut could happen in two years, one independent ratings agency has given the U.S. sovereign rating a “C”.”

Legal:

Court approves Google’s bid for Nortel patents:
“Nortel Networks Corp. (OTCBB:NRTLQ) said Monday it has received court approval for a $900-million “stalking horse” bid by Google for the company’s remaining patents and patent applications.”

Google Sued For Tracking Users’ Locations
:
“Two Android phone users are suing Google for $50 million in the wake of revelations that their phones might be tracking their locations.”

Labor:

NY chief of garment workers’ union resigns
:
“The high-profile president of a major garment workers’ union with headquarters in New York has resigned amid an investigation into his handling of an expense account.”

Transportation/ Land Use:

Mayor Suggests Using High-Speed Rail Funds to Electrify Caltrain:
“High-Speed Rail has remained a controversial issue since voters narrowly passed Proposition 1A back in 2008. Mayor Jeff Ira discusses the California High-Speed Rail Authority’s relationship with Peninsula cities and how the authority can improve communications.”