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NYU’s Nouriel ‘Dr. Doom’ Roubini: Social Unrest Will Spread

At Issue: U.S./Global Financial Crisis
Economist Nouriel Dr. Doom Roubini, the NYU professor who 4 years ago accurately predicted the global financial crisis, said U.S./Europe policy makers must invest in a new, smarter social safety net to restore a balance between the free market and public goods. If it doesn’t occur, a systemic flaw will, at minimum, continue to hinder economic recovery.
Bank of America

BofA cutting 3,500 jobs this quarter

Bank of America Corp plans to cut 3,500 jobs in the next few weeks as CEO Brian Moynihan tries to come to grips with the bank's $1 trillion pile of problem home mortgages.
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The Facebook logo is shown at Facebook headquarters in Palo Alto

Research Shows ?Facebook Fatigue?

New research from Global Web Index shows sharp declines among Facebook users in some of the world's biggest markets including the United States, Canada and the United Kingdom.
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KCET strikes $50 million deal

KCET, the former PBS station serving Southern and Central California, has entered a partnership with Eyetronics Media and Studios to produce and acquire new series, the companies announced Tuesday. Under the agreement, Eyetronics will provide up to $50 million in funding for the new programs, which will start production in the fall.
At Issue: U.S. and Global Economies

Nouriel 'Dr. Doom' Roubini: ?Karl Marx Was Right?

Economist Nouriel "Dr. Doom" Roubini, the NYU professor who four years ago accurately predicted the global financial crisis, says tough medicine is needed to end it: another round of massive fiscal stimulus or a universal debt restructuring. If neither occurs, a systemic flaw will, at minimum, continue to hinder economic recovery.
Smoke billows from the Sony Centre in Enfield, north London

How Riots Stalked London Since World War II

The United Kingdom has a long history of rioting in places surrounding Braford, Notting Hill, Tottenham, Bristol, Birmingham, Liverpool, Bristol and several other places.
Uk riots 2011

Scotland: 'These Are English Riots'

Authorities in Scotland are confident the rioting in a number of English cities will not move north, saying they have "a different society."
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London Riots: Only the Rioters to Blame?

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.
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Logica Upgraded at Jefferies

Jefferies & Co. upgraded its rating on shares of Logica Plc (London: LOG) to "hold" from "underperform", while lowering its price target to 90 pence from 105 pence.
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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.

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