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Britain, other eurozone countries face ratings cut: Jim Rogers

Britain and several euro zone countries are likely to have their credit ratings cut in coming months as debt problems worsen, and Western policymakers are bound to embark on more quantitative easing to get their economies moving, American investor Jim Rogers said on Monday.

London Riots: Only the Rioters to Blame?

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London witnessed one of its most appalling riots in years after police fatally shot a black resident. Violence engulfed an economically deprived neighborhood in North London when a small anti-police demonstration snowballed into looting and violence that left 26 police officers injured and led to 55 arrests.

UK police arrest 100 after riots in British capital

Tottenham Riot: North London Ablaze with Violence and Protests.
British police arrested more than 100 people overnight in London after shops were looted and officers attacked in a second night of violence that followed some of the worst disorder seen in the capital for years.
Silvio Berlusconi

ECB backs Italy, Spain as policymakers pledge action

The European Central Bank stepped into bond markets on Monday, backing up a pledge to support Spain and Italy with the aim of averting financial meltdown in the euro zone, while the G7 and G20 offered soothing words to investors shaken by a historic downgrade of the U.S. debt rating.
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Standard & Poor's

Standard & Poor's Downgrades the U.S.: FULL TEXT

Standard & Poor's took the unprecedented step of downgrading the U.S. government's "AAA" sovereign credit rating Friday in a move that could send shock waves through global. The following is a press release from Standard & Poor's:
A cyclist passes firemen dowsing down buildings set alight during riots in Tottenham, north London

London Wakes Up to Aftermath of Worst Riots for Years

London picked itself up on Sunday from some of the worst violence seen in the British capital for years which politicians and police blamed on criminal thugs but residents attributed to local tensions and anger over rising financial hardship.
Australia's Adam Scott tees off on the 18th hole during the third round of the WGC Bridgestone Invitational PGA golf tournament at Firestone Country Club in Akron

Australian Scott Takes One-Shot Lead at Firestone

Australian Adam Scott edged one stroke clear of a congested third-round leaderboard at the WGC-Bridgestone Invitational on Saturday after a thrilling day of dazzling shot-making and low scoring.
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Q+A: S&P's downgrade of the United States

The United States lost its top-tier AAA credit rating from Standard & Poor's on Friday, a move that will affect the country's borrowing costs and investor opinion of U.S. assets. Here is a Q+A on what the downgrade means for investors, consumers and to the country.
President Barack Obama speaks in a prime-time address to the nation from the East Room of the White House in Washington

S&P Justifies US Downgrade, Says More Action Could Follow

Rating agency standard & Poor's has staunchly defended the decision to downgrade the creditworthiness of the U.S. government and warned that further action was possible. "The debacle over the debt ceiling continued until almost the midnight hour," S&P's Sovereign Ratings Committee Chairman John Chambers said.
Anonymous Hackers Target BART

AntiSec Hackers Get Revenge on Police by Releasing Law Enforcement Data

AntiSec, a group of online hackers, said it breached 10 gigabytes of sensitive data after gaining access to more than 70 U.S. law enforcement Web sites. The hackers who claimed to have gotten emails, credit card information among other sensitive information, is said to be retaliating against the arrests of alleged members accused of hacking into the CIA, Britain's Serious Organized Crimes Agency, or SOCA, and Sony.
Tiger Woods of the U.S. tees off on the 12th hole during the second round of the WGC Bridgestone Invitational PGA golf tournament at Firestone Country Club in Akron

Fowler shares Firestone lead, Tiger seven adrift

While a faltering Tiger Woods failed to build on his solid start to the WGC-Bridgestone Invitational in Friday's second round, fellow American Rickie Fowler rocketed into a four-way tie for the lead.

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