Today’s edition of quick hits:
* Optimism: “Consumer sentiment rose to its highest level in more than four years in May as Americans stayed optimistic about the job market, while higher income households expected to see bigger wage increases.”
* Egypt: “The runoff to become Egypt’s first freely elected president is likely to be a contest between two of the most powerful and polarizing forces in Egyptian society representing different visions for the future character of the nation: the Muslim Brotherhood and the military.”
* Eurozone: “Spain’s banking crisis worsened Friday as the board of Bankia, the country’s biggest mortgage lender, warned that a bailout would cost 23.5 billion euros, far beyond what the government estimated when it seized the bank and its portfolio of delinquent real estate loans.”
* Politics in Washington can get ugly, but as Ukranians helped remind us today, at least it’s not violent.