![_The Preservation, The Dalles and SuperLiteBike at Beauty Ballroom [Show Preview]](http://austinist.com/assets_c/2012/05/the preservation-thumb-250x250-716401.jpg)
Quotable News Bits
- "A nasty recession is possible, but the bailout will not cure that." - economist James K. Galbraith
- Bailout plan stalled by Republican leaders in Congress.
- WaMu FAIL.
- "As Putin rears his head and comes into the air space of the United States of America, where do they go?" - erudite statement made by GOP VP candidate Sarah Palin during her interview by Katie Couric
- "It makes you realize how addicted you are to convenience." - Liz Clasen-Kelly from North Carolina on the gas shortage in the Southeast
- More Chinese food products found to have used tainted milk in production.
- Swiss man becomes the first one to cross the English Channel with a jet-propelled wing.
Contact the author of this article or email tips@austinist.com with further questions, comments or tips.
