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World Markets Soar in Reaction to Eurozone Debt Plan

Posted October 27th, 2011 at 5:00 pm (UTC-5)
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World financial markets soared Thursday after the European Union approved a plan to cut Greece’s debt in half and significantly increase a bailout fund designed to contain the eurozone debt crisis. The Paris stock exchange jumped more than 6 percent, with the Frankfurt market advancing more than 5 percent. The London exchange closed up nearly […]

Tags: , , , Posted in Economy

World Stocks Advance Sharply

Posted October 27th, 2011 at 4:25 pm (UTC-5)
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News that European leaders completed a debt-relief deal for Greece and expand the continent’s bailout fund encouraged investors, and stocks soared around the world on Thursday. U.S. stocks made strong gains. The Dow Jones Industrial Average rose 2.9 percent to close at 12,209. The S&P 500 moved up 3.4 percent to end at 1,285 while […]

Tags: , , , Posted in Economy

Polish Authorities Reopen Auschwitz Investigations

Posted October 27th, 2011 at 4:15 pm (UTC-5)
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Polish authorities have reopened investigations into crimes committed at Auschwitz and other concentration camps in the country during World War Two, in a final attempt to track down any remaining Nazi perpetrators. The announcement was made Thursday by the Institute of National Remembrance, the state body charged with investigating wartime crimes. If new perpetrators are […]

Tags: , Posted in Europe

Oil Price Increases

Posted October 27th, 2011 at 4:05 pm (UTC-5)
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Here are the prices of some key commodities traded in New York on Thursday: Crude oil prices jumped $3.76 to close at $93.96 a barrel. Coffee prices increased less than a penny to end at $2.35 per pound. Copper prices rose 20 cents to finish at $3.69 a pound. Cocoa futures advanced $63 to end […]

Tags: Posted in Economy

Study: Fukushima Fallout May be Much Higher Than Thought

Posted October 27th, 2011 at 3:55 pm (UTC-5)
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Researchers from the United States and Europe say Japan’s crippled Fukushima nuclear plant may have released twice as much radioactive material as first thought. A study posted Thursday on the website for the journal Atmospheric Chemistry and Physics says the plant likely spewed twice as much cesium-137 into the atmosphere than initially reported. The conclusion […]

Tags: , Posted in East Asia Pacific

For Greek Masses, Little Applause for Debt Deal

Posted October 27th, 2011 at 3:55 pm (UTC-5)
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Greece’s debt may have been halved, but on the streets of Athens there is little applause for Thursday’s middle-of-the-night resolution of the European debt crisis. Greek leaders, including Prime Minister George Papandreou, praised the agreement that cut the government’s debt by $140 billion. But many Greeks view the deal as leading to outside control of […]

Tags: , Posted in Economy, Europe

Massachussetts Man Goes on Trial on Charges of Supporting Al-Qaida

Posted October 27th, 2011 at 3:40 pm (UTC-5)
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An American man is on trial in the northeastern state of Massachusetts on charges helping al-Qaida to promote holy war on the Internet. Prosecutors opened their case in a Boston court Thursday, accusing 29-year-old Tarek Mehanna of answering a call for violent jihad from former al-Qaida leader Osama bin Laden. They say Mehanna, a Muslim, […]

Tags: , , , Posted in US

Bombings in Baghdad Kill 18

Posted October 27th, 2011 at 2:35 pm (UTC-5)
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Iraqi police say twin bombings in Baghdad have killed 18 people and wounded at least 36. Police say the explosions Thursday took place a few minutes apart in a Shi’ite neighborhood of the Iraqi capital. The second bomb exploded when rescue workers were on the scene to treat victims of the first blast. There was […]

Tags: , Posted in Middle East

Gay U.S. Service Members Sue for Marriage Recognition

Posted October 27th, 2011 at 2:15 pm (UTC-5)
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A group of U.S. service members who are legally married to same-sex partners has filed to sue the U.S. federal government to attain the same benefits and support awarded to their heterosexual co-workers. The Servicemembers Legal Defense Network filed the lawsuit Thursday in the northeastern U.S. state of Massachusetts, one of six U.S. states that […]

Tags: , , , Posted in US

Egypt Frees Israeli-American Held as ‘Spy’

Posted October 27th, 2011 at 2:10 pm (UTC-5)
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Egypt and Israel have completed the release of 25 Egyptians for an Israeli-American man held in Egypt on allegations of spying. Freed Israeli-American Ilan Grapel was flown from Cairo to Tel Aviv on Thursday shortly after Israel transferred the 25 Egyptians at the Taba border crossing to the Sinai. The Egyptians had been imprisoned in […]

Tags: , , , , Posted in Middle East