StupidiNews!

• Continued testing will determine if the new cap on the oil geyser in the Gulf will hold, possibly stopping the flow.
• The Obama administration is issuing a new offshore drilling moratorium on all offshore activities regardless of depth.
• Israel's internal investigation of the May 31 flotilla raid found that "mistakes we made" but that Israeli commandos acted appropriately.
• Alcoa's good earnings numbers led off the 2nd quarter earnings season which may be good news for stocks.
• A bill that would prevent any North Carolina city from developing municipal broadband was defeated in the state legislature.