S&P Downgrades U.S. Debt: How Canada Survived Similar Fate
Consider the case of Canada, which lost its top-notch rating in April 1993 ? it took the country nine long, hard years to regain the coveted rating after enacting serious debt and deficit reductions.
S&P Downgrade of U.S. ?Vindicates? UK Budget Cuts
The U.K. maintains a pristine AAA credit rating (which allows it to borrow money on international money markets pretty cheaply),
S&P Downgrade Not ?Complete Disaster?: Economist
Perhaps the downgrade was not too much of a surprise.
Thursday?s Market Plunge Was Historic, After All
The 4.78 percent plunge suffered by the S&P 500 index was its worst one-day drop since February 2009 and one of the worst losses (on a percentage basis) of the past 80 years.
Pakistani Man Murders Six Daughters in Honor Killing
Reportedly, Mubashir?s wife, Musarrat, who witnessed the murders, had called the police.
Were Hiroshima and Nagasaki Racist Acts?
The attacks ? the only time nuclear weapons have ever been used in world history to date ? killed tens of thousands of people and shocked the planet with the scale of their destruction.
Stocks Resume Plunge, Despite Good Jobs Report
Traders appear to be focusing on the European debt crisis, which is reaching emergency levels.
Severe Typhoon Approaching China?s Eastern Coast
Parts of China?s eastern coast have been placed on alert as severe typhoon Muifa approaches the Zhejiang and Jiangsu provinces, close to Shanghai.
Joblessness Among Young Americans Remains Staggeringly High
16.6 percent of Americans between the ages of 18 to 24 are unemployed
RBS to Cut 2,000 Jobs After Posting Huge First-Half Loss
The company?s shares fell by as much as 14 percent in London trading at one point
Asian, European Stocks Sell-Off Following U.S. Rout Thursday
Overseas stocks are plunging following the devastating sell-off in the U.S. Thursday, ahead of a crucial July jobs report out of Washington.
Stocks Hammered Ahead of Friday?s Jobs Report
?The damage this week is more than last week ? translation, more damage from economic fears than debt fears.?
Dow Plunges More Than 500 Points as Fear Escalates
U.S. stocks plummeted Thursday, following a similarly huge sell-off in Europe, on growing fears that the global economy is sinking into a recession, ahead of worries about tomorrow?s July jobs report.
NASA Finds Possible Signs of Water on Mars
The latest findings suggest signs of water in lower latitudes of Mars. Previously, it was known that water (in the form of ice) existed at the poles of the planet.
NASA Discovers Possible Signs of Water on Mars
At one Martian crater, McEwen said, about a thousand ?water flows? were identified.
Stocks Plunge As Fear Ensnares Investors
The U.S. sell-off follows even greater declines in Europe.
Bubba Smith Always Alleged ?69 Super Bowl Was Fixed
After a spectacular MVP season in 1968, Morall performed poorly in the Super Bowl ? among other things, he threw three interceptions.
Dozens die, thousands flee Syrian tank assault in Hama
Thousands of civilians were fleeing the city, a bastion of protest surrounded by a ring of steel of troops with tanks and heavy weapons
Bangladesh Outraged by Economist Article Alleging Indian Financial Help Put Awami League in Power
Minister Dipu Moni accused The Economist of waging a ?smear campaign? against the Dhaka government.
Sonia Gandhi to Have Surgery Abroad for Undisclosed Condition
It is not known where she has gone for surgery
Haiti Braces for Tropical Storm Emily
According to reports, more than 600,000 homeless Haitians ? driven out of their residences by last year?s devastating earthquake -- are in makeshift camps ahead of Emily?s arrival.
French Court to Probe IMF Chief Lagarde on Abuse of Authority
The development comes only one month after she took over as IMF boss, succeeding Dominique Strauss-Kahn, who was forced to resign in wake of his sexual assault trial in New York City.
Japanese Soccer Star Naoki Matsuda Dies at 34
Fans and teammates flocked to the hospital in Matsumoto, a town about 110 miles northwest of Tokyo, to pay tribute to the fallen star.
Why is Violent Crime in the U.S. on a Long-Term Decline? (Part 2)
Experts are baffled by the declines in violent crimes in the U.S.
Why is Violent Crime in the U.S. on a Long-Term Decline? (Part 1)
Violent crime in the United States has been falling across the board for at least the past five or six years.
HSBC to Hire 15,000 People in Emerging Markets Over Next 3 Years
The move is a part of the bank?s comprehensive plan to refocus its operations in profitable areas and away from stagnating business lines in the developed world.
At 50, Obama Still 20 Years Older Than World?s Youngest Leader
Jigme Khesar Namgyel Wangchuck, aged 31, is the king of Bhutan, a tiny kingdom in the Himalayas. He was born February 21, 1980 (when Obama was already in college).
Gay Irish Presidential Candidate Quits Over Ex-Lover?s Rape Scandal
Norris, who as recently as last week was leading popularity polls, came under enormous pressure to extinguish his bid for the presidency.
U.S. Layoffs Reach 16-Month High in July
Corporations unveiled 66,414 planned job cuts last month, up a sharp 60.3 percent from 41,432 in June.
U.S. Debt Crisis: America Far too Similar to Ancient Rome?
The financial problems in Rome in the early part of the third century AD stemmed from a military that was getting too large and expensive (one of the pitfalls of carving a huge empire that became too unwieldy.