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UK riots

UK Riots 2011: The View from a British Scholar

"The riots in Britain have not been caused by any sort of political or racial tension. That may exist, but that is not at the heart of these riots. These riots are the result of lawless thugs who have seen an opportunity." -- Victoria Honeyman

S.Africa hit by global turmoil, bond yields driven down

A South African child holds a 50 rand note in a file photo.
Gloomy comments from South Africa's central bank on the impact of global financial turmoil on the country's capital formation, key to growth, were the backdrop to a fall in bond yields and a volatile day for the rand, which ended down against the dollar.
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TBS Axes ?Lopez Tonight? ? Not Enough Viewers

TBS axed the third season of "Lopez Tonight" because it struggled to gain viewers in the competitive field of talk shows, according to the Hollywood Reporter. In November, Lopez was bumped back an hour to a midnight slot to accommodate Conan O'Brien's "Conan" after the comedian's exit from NBC.
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Facebook Agrees to Remove Prison Inmate Accounts

In an effort to protect crime victims and discourage further criminal activity, Facebook has teamed up with the California Department of Corrections and Rehabilitation to remove illegal inmate accounts from the social networking Web site.
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Most Americans believe U.S. on wrong track: poll

Economic fears are weighing heavily on Americans, with a large majority saying the United States is on the wrong track and nearly half believing the worst is yet to come, a Reuters/Ipsos poll said Wednesday.
French President Nicholas Sarkozy

Memo to France: Don't Do as America Did -- Slash the Deficit

French President Nicholas Sarkozy ended his vacation early to deal with France's debt problem. He's challenged government leaders to come up with new measures to reduce France's deficit. They would be wise to listen, taking a lesson from the mistake the U.S. made, resulting in a credit downgrade from S&P.
 Haiti

U.S. Updates Haiti Travel Warning

The U.S. issued a softer travel warning for citizens traveling to or visiting Haiti, but still urges Americans to 'carefully consider' traveling to the country.
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White House seeks ideas to shrink foreclosure glut

The Obama administration is looking for new ideas to shrink a glut of foreclosed properties held by mortgage finance giants Fannie Mae and Freddie Mac that are weighing down the housing market and hurting home prices.
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Spot Gold Price Hits Record High

Gold hit fresh record highs on Wednesday as U.S. stock markets resumed their decline on concerns over the U.S. and euro zone economies, and after the Federal Reserve said U.S. interest rates would stay near zero for at least two years.
An employee of the Tokyo Stock Exchange is seen at the centre where it monitors stock trading, at its headquarters in Tokyo

U.S. Stocks Fall, Enabled by Weak Economy

World shares regained some ground Wednesday after investors were comforted by the Fed's pledge to keep interest rates near zero for two more years. Despite this, losses on Wall Street ran rampant.

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