Social Media continues to exert its influence in the political world. The number of MPs with a major Twitter habit, sometimes Tweeting from inside the chamber, was evident last night as the results of the House of Commons Speaker elections were delivered live throughout the evening in 140-character news breaks.

Staying close to home, there is more recession doom and gloom as MySpace announced this morning it plans to lay off 300 of its 450 non-U.S. employees. Offices in London, Berlin and Sydney remain, but Spain, Italy, Canada, Russia, Sweden (to name a few) are being shut down, TechCrunch adds.

…and, finally, those of you interested in the Facebook v. Google debate could do worse than read Fred Vogelstein’s in-depth feature in Wired magazine.