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08 Aug 11
Tisha B'Av: Mourning Destruction but Hoping for Redemption
Its name literally means "the ninth day of [the Jewish month of] Av," the date of some of the gravest tragedies to have befallen the Jewish People. Tisha B'Av is a day of lamentations that first and foremost marks the anniversaries of the destruction of the First and Second Temples by the armies of Babylon and Rome, respectively.AntiSec Hackers Steal, Post Police Data
Hackers with ties to Anonymous' AntiSec movement continued their assault on law enforcement by releasing 10 gigs of sensitive information from 56 law enforcement entities across the country.Syria unrest: Saudi Arabia calls on 'killing machine' to stop
More than 250 Syrian tanks and armoured vehicles laid waste to the country's biggest eastern city, as the regime began a fresh offensive to crush dissent that left scores of people dead and raised fresh fears of civil war. Impervious to international condemnation, even as the Arab League spoke out for the first time, Mr Assad's regime widened its Ramadan offensive against the increasingly emboldened protest movement seeking to overthrow him.Iranian delegation visits Egypt in sign of improving relations
An Iranian delegation, led by a prominent parliamentarian, arrived in Cairo Monday, in a sign of improving relations between the two countries which do not maintain formal diplomatic relations. The visit is the first by an Iranian official since former president Hosni Mubarak was toppled in February.No Chance of Default, US Can Print Money: Greenspan
"The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default" said Greenspan on NBC's Meet the Press "What I think the S&P thing did was to hit a nerve that there's something basically bad going on, and it's hit the self-esteem of the United States, the psyche" said Greenspan.Gas prices up despite use of reserves
More than a month after the Obama administration said it would tap the country’s emergency oil reserve to try to combat supply disruptions in the Middle East, gas prices at the pump actually have risen 10 cents. President Obama had hoped the move, coming at the onset of the summer driving season, would temper the loss of supplies due to the ongoing civil war in Libya.EU speeds up anti-crisis measures after US downgrade
The European Central Bank (ECB) has said it will buy Italian and Spanish bonds and eurozone countries aer to hold special parliamentary sessions in order to speed up reforms after the recent escalation in the financial crisis. ...Italy and Spain, whose borrowing costs recently spiked to near-bailout levels have also announced fresh debt-reduction measures.Islamists Set Up 'Sharia Neighborhoods' in London
The Daily Mail reported that some communities have been bombarded with bright yellow posters which read: ‘You are entering a Sharia-controlled zone – Islamic rules enforced.’2,000 Year Old Sword, Menorah 'Sketch' Found
Inside the canal, where Jerusalemites hid from the Romans during the siege of the Second Temple, a 2,000-year-old iron sword was found. The sword was inside a leather scabbard. Parts of the belt that carried the scabbard were also found.Syrian tanks attack Sunni Muslim tribal heartland
President Bashar Assad extended a tank onslaught in Syria's Sunni Muslim tribal heartland on Monday, residents said, in the latest stage of a campaign to crush centers of protest against 41 years of rule by the Assad family and domination by his Alawite minority community.Netanyahu anticipates 'enormous change' in Israel's economy
Meanwhile, he and Finance Minister Yuval Steinitz both think the downgrade of America's credit rating last week and Europe's economic crisis are warnings that Israel must stick to a fiscal policy of curbing spending and paring down debt.Knesset to hold emergency session as Israel's social protest grows
The Knesset has decided to break temporarily from its summer recess and hold a special session to discuss the growing social protests across Israel, at the request of the opposition parties.Investors try to look past panic
Wall Street hit the panic button last week and survived. But the shocks have left investors stranded.The Debt Crisis: Just when you thought it was safe to go back in the water…
The shark returned to the lagoon off Washington's coastline in the form of a credit downgrade from Standard & Poor's. S&P knocked down the U.S.'s credit worthiness from the stellar category of AAA to AA+. In its report, S&P indicated that "difficulties in bridging the gulf between political parties" was a key reason it stripped the feds of a AAA rating for the first time since 1917. In essence, S&P didn't think the deal was enough "to stabilize the government's medium-term debt dynamics."
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