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Standard & Poor's

S&P Downgrade of U.S. - Was Firm Courageous or Simply Wrong?

The market's stance heading into the new week is one of caution, following S&P's stunning and controversial downgrade of the U.S. Government's credit rating. Essentially, Wall Street has to figure out if S&P was ahead of the curve, or was remarkably off-base in its analysis, and it's too soon to tell which view will prevail.

U.S. Downgrade Damage Done: But Washington Must Still Fix the Problem

The Index Screen at the Warsaw Stock Exchange
The U.S. credit rating downgrade could have easily been avoided, but political power struggles in Washington got in the way. Now, markets are reeling and damage has been done. But it's not too late to fix the problem, so that Moody's and other ratings agencies keep the U.S. with a AAA rating.
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Afghanistan's President Hamid Karzai speaks during a gathering with military personnel at the presidential palace in Kabul

Second NATO helicopter crashes; Afghans protest over killings

A NATO helicopter crashed in Afghanistan's east on Monday but there were no apparent casualties, officials said, another stark reminder of the dangers of the war after 38 people were killed in an air incident, the largest single loss for foreign forces in 10 years.
U.S. Treasury Secretary Timothy Geithner makes opening remarks at the Women in Finance Symposium at the Treasury Department in Washington

Geithner to stay on as Treasury chief

Treasury Secretary Timothy Geithner, who had considered stepping down after the government borrowing limit was raised, confirmed on Sunday that he will remain at his post at President Barack Obama's request.
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.
Tottenham Riot: North London Ablaze with Violence and Protests.

Police Asks for Calm Following Tottenham Riots [VIDEO & PHOTOS]

Authorities in Britain are asking that calmness prevail following a riot in Tottenham on Saturday where police cars were torched, stores looted and multiple fires were set in the north London area. Rioters on Saturday set two patrol cars, a building and a double-decker bus ablaze when they clashed with police in front of the Tottenham Police Station demanding "justice" for the death of a 29-year-old killed in a gunfight.
A cyclist passes firemen dowsing down buildings set alight during riots in Tottenham, north London

Fears of more violence after worst London riots for years

London braced on Sunday for more violence after some of the worst riots in the British capital for years which politicians and police blamed on criminal thugs but residents attributed to local tensions and anger over hardship.
At Issue: The Afghanistan War

SEALs Killed in Afghan Helicopter Crash Were on Rescue Mission

The U.S. Navy SEALs and other troops whose helicopter was shot down by the Taliban in eastern Afghanistan Saturday had rushed to the mountainous area to help a U.S. Army Ranger unit that was under fire from insurgents, two U.S. officials said Sunday.
At Issue: The Afghanistan War

Deaths of Navy SEALs Mourned

Nearly two dozen members of SEAL Team 6 were among 30 American troops killed Saturday when the Taliban shot down their helicopter during an overnight operation in eastern Afghanistan.
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.
A police woman holds flowers as she takes part in a march near Utoeya island to pay their respects for the victims of the killing spree and bomb attack in Norway, in the village of Sundvollen

Westboro Church to Picket Funerals of Norway Massacre Victims

The Kansas-based Westboro Baptist Church has issued a press release saying that they will picket the funerals of the Norway victims who lost their lives when Anders Breivik set off a bomb in Oslo and gunned down 69 at a youth camp in the island of Utoya.
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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.
U.S. dollar bills seen

Dollar to drop on S&P move; safe-haven demand seen

The U.S. dollar may weaken and Treasury yields rise when Asian markets reopen on Monday, though any selling in response to ratings agency S&P's downgrade of the United States is likely to be tempered by the escalating crisis in the euro zone.
israel

Thousands of Israelis Protest High Cost of Living

Hundreds of thousands of Israelis gathered in the streets of Tel Aviv and other major Israeli cities on Saturday night to protest the high cost of living for the middle class, in one of the largest social rallies in Israeli history.
syria protests

UN Asks Assad to End Violence Now

U.N. Secretary General Ban Ki-moon has urged Syrian President Bashar al-Assad to stop the use of force against civilians "immediately".

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