G20 backs Europe's overhaul to fight crisis
LOS CABOS, Mexico (Reuters) - Europe won support from world leaders on Tuesday for an ambitious but slow-moving overhaul of the euro zone, even as pressure built in financial markets for quicker solutions to its debt crisis that threatens the world economy. Europe told a Group of 20 summit it intends to work on concrete steps to integrate its banking sectors, a major step long pressed by the United States and other nations to break the cycle of debt-laden countries bailing out their troubled banks which only pushes governments ever deeper into debt. U.S. ...Read More ...
Wall Street gets a lift from hopes for more Fed moves
NEW YORK (Reuters) - Stocks rose on Tuesday on hopes that the Federal Reserve will agree to extend stimulus measures as the economy struggles to recover and the euro zone's debt crisis gets worse. The S&P 500 has gained 7.2 percent from a five-month intraday low reached on June 4. On Tuesday, the benchmark index closed above its 50-day moving average of 1,346.90 for the first time in seven weeks. But the sharp gains leave the market vulnerable if the outcome of Wednesday's Fed meeting doesn't meet market expectations. ...Read More ...
Greek conservatives hope to seal coalition deal
ATHENS (Reuters) - Greek conservatives hope to form a coalition government on Wednesday which must persuade mistrustful foreign lenders to allow more leeway in pushing through a deeply unpopular austerity program. Exasperated with Greece's repeated failure to honor its promises on budget cuts and reform, euro zone officials have nevertheless begun to accept the program may be impossible to implement without changes, as the country is already off track and its economy is sliding deeper into recession. ...Read More ...
Egyptians rally for power, Mubarak ailing
CAIRO (Reuters) - Staking its claim to Egypt's presidency, the Muslim Brotherhood rallied in Cairo on Tuesday to demand the ruling generals hand over real power, following moves by the army that its U.S. ally labeled an assault on democracy. Up to 10,000 gathered as darkness fell on Tahrir Square, cradle of last year's Arab Spring revolution, chanting the name of the Islamist who they say won the weekend's presidential election and condemning measures to curb his powers that will leave much legal authority in the hands of the army for months to come. ...Read More ...
Spanish short-term debt costs reach alarm levels
MADRID/ATHENS (Reuters) - Spain lurched closer to becoming the largest euro zone country yet to be shut out of credit markets when it had to pay a euro era record price to sell short-term debt on Tuesday. The soaring borrowing costs showed that a euro zone deal to lend Spain up to 100 billion euros ($126 billion) for its banks had not solved the country's problems or restored investor confidence and suggests more aid may be needed fix its finances. ...Read More ...
"Important" al Qaeda leader captured in Pakistan: officials
ISLAMABAD (Reuters) - Pakistan has captured an "important" al Qaeda leader in an operation near the Pakistan-Iran border, officials said on Wednesday, amid criticism from the United States the country was not doing enough to fight militancy. U.S. Defense Secretary Leon Panetta said during a trip to Kabul that stabilization efforts in Afghanistan would remain difficult as long as militants had safe havens in neighboring Pakistan, and that Washington was "reaching the limits" of its patience with Islamabad. ...
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Obama: China, Russia not signed on for Assad's removal
LOS CABOS, Mexico/BEIRUT (Reuters) - Russia and China have not agreed to any plan for the removal of President Bashar al-Assad from power but do recognize the danger of an all-out civil war in Syria, U.S. President Barack Obama said on Tuesday as Assad's forces bombarded the city of Homs and clashed with rebels. International efforts to halt the violence are deadlocked because Russia and China, which wield vetoes in the U.N. Security Council, have blocked tougher action against Assad. They say the solution must come through political dialogue, an approach most of the Syrian opposition rejects. ...Read More ...
Long-grumbling Alaska volcano has explosive ash burst
ANCHORAGE, Alaska (Reuters) - A remote Aleutian volcano that has been restless for the past year rumbled to life on Tuesday, shooting a thin cloud of ash several miles into the sky, which could pose a slight hazard to aircraft, Alaska scientists said. Cleveland Volcano, a 5,676-foot (1,730 meter) peak on an uninhabited island 940 miles southwest of Anchorage, had an explosive eruption at about 2:05 p.m. local time, the Alaska Volcano Observatory reported. ...Read More ...
U.S.-Russia joint missile defense is only way forward: Putin
LOS CABOS, Mexico (Reuters) - Russian President Vladimir Putin reiterated Moscow's strong opposition to the U.S. missile defense system on Tuesday, saying that President Barack Obama's re-election would not end the dispute and insisting on joint development of the shield. "I think that the missile defense issue will not be solved regardless of whether Obama is elected or not," he told reporters at the end of Group of 20 summit in Mexico. "I think that something can radically change only in the case if the U.S. agrees with our proposal which says that Russia, Europe and U.S. ...Read More ...
Suu Kyi says ready to lead Myanmar to democracy
LONDON/OXFORD, England (Reuters) - Myanmar's opposition leader Aung San Suu Kyi announced in Britain on Tuesday that she was prepared to take the helm as the leader of her people, the strongest signal yet she saw herself as someone who could lead her country one day. Myanmar's then-ruling junta freed the Oxford-educated Nobel Peace Prize laureate from house arrest in 2010, ushering in a period of reform and enabling her to travel abroad for the first time in decades. ...Read More ...
Dad won't face charges in alleged attacker's death
Hearing his 5-year-old daughter crying from behind a barn, a father ran and discovered the unthinkable: A man molesting her. The father pulled the man off his daughter, authorities say, and started pummeling him to death with his fists.Read More ...
Vigil over wounded child continues after shootings
An all-night vigil continued Wednesday over a critically wounded 6-year-old boy, a day after his 21-month-old brother was shot dead in a South Texas hotel room and their mother was found dead hundreds of miles away.Read More ...
Law enforcement restricts media wildfire coverage
Reporters covering northern Colorado's massive wildfire cannot enter areas that have been evacuated — an unusual restriction even for this state, where local officials have extensive powers at fire scenes and journalists are usually kept miles from the flames.Read More ...
Dottie Sandusky breaks silence about husband
She's been a constant, if silent, presence by Jerry Sandusky's side.Read More ...
Experts say science lacking on 9/11 and cancer
Call it compassionate, even political. But ... scientific? Several experts say there's no hard evidence to support the federal government's declaration this month that 50 kinds of cancer could be caused by exposure to World Trade Center dust.Read More ...
NY judge: US can seize dinosaur skeleton
One of the more unusual arrest warrants in U.S. history was issued Tuesday when a federal judge authorized the Department of Homeland Security to seize a dinosaur from an art storage company. There's no need for handcuffs though. It's been dead for 70 million years.Read More ...
911 call details moments after King found in pool
Rodney King's fiancee repeatedly implored authorities to hurry in a frantic 911 call, saying she woke to the sounds of a fall and found him at the bottom of his swimming pool.Read More ...
Fla. teen guilty of battery in flame attack
A Florida teenager accused of orchestrating an attack that left his classmate in flames was convicted Tuesday of aggravated battery after jurors decided against more serious charges.
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Committee poised for contempt vote against Holder
A House committee is poised to vote on whether to hold Attorney General Eric Holder in contempt of Congress for failing to turn over more Justice Department documents on a flawed gun-smuggling probe that resulted in hundreds of guns illicitly purchased in Arizona gunshops winding up in Mexico.Read More ...
America, Pakistan and never having to say sorry
Say you're sorry. That's what the Pakistani government says it wants from the United States in order to jump-start a number of initiatives between the two countries that would help the hunt for al-Qaida in Pakistan and smooth the end of the war in Afghanistan.Read More ...
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