It’s a Violent four days in Tottenham in North London as people rioted over the shooting of a man by Metropolitan (London) Police. From the A.P.via My Way News:
New unrest erupted on north London’s streets late Sunday, a day after rioting and looting in a deprived area amid community anger over a fatal police shooting.
Police deployed extra officers on London’s streets to prevent a repeat of Saturday’s violence in north London’s Tottenham area, which appeared to be quiet Sunday night.
But disturbances broke out in Enfield, about 5 miles (8 kilometers) north of Tottenham. TV footage showed riot and mounted police patrolling the streets, and there were also images of smashed shop windows, and police with dogs detaining at least one man.
A peaceful protest against the killing of a 29-year-old man in Tottenham degenerated into a Saturday night rampage, with rioters torching a double-decker bus, destroying patrol cars and trashing a shopping mall in the nearby Wood Green district.
The death Black British man identified as Mark Duggan 29, father of four in Tottenham by Police:
The protest against the death of Mark Duggan, a father of four who was gunned down in disputed circumstances Thursday, was initially peaceful. But it got ugly as between 300 and 500 people gathered around Tottenham’s police station. Some protesters filled bottles with gasoline to throw at police lines, others confronted officers with makeshift weapons – including baseball bats and bars – and attempted to storm the station.
Breaking News: Standard and Poor one of the major credit rating Agencies announced late Friday the US lost it prestigious AAA rating and placed in negative outlook for other downgrade within the next two years. The reason the debt reduction plan for the US was insufficient. S&P stated that the US need to cut 4 Trillion Dollars from debt. The plan that passed on Tuesday only cuts 2.5 Trillion Dollars from the debt. It ‘s seen that the US was not serious about debt reduction. From Washington Post:
Standard & Poor’s announced Friday night that it has downgraded the United States credit rating for the first time, dealing a huge symbolic blow to the world’s economic superpower in what was a sharply worded critique of the American political system.
Lowering the nation’s rating one-notch below AAA, the credit rating company said “political brinkmanship” in the debate over the debt had made the U.S. government’s ability to manage its finances “less stable, less effective and less predictable.” It said the bi-partisan agreement reached this week to find at least $2.1 trillion in budget savings “fell short” of what was necessary to tame the nation’s debt over time and predicted that leaders would not be likely to achieve more savings later on.
The decision came after a day of furious back-and-forth between the Obama administration and S&P. Government officials fought back hard, arguing that S&P made a flawed analysis of the potential for political agreement and had mathematical errors in its initial report, which was submitted to the Treasury earlier in the day. The company had overstated the U.S. deficit over 10 years by $2 trillion, officials said.
“A judgment flawed by a $2 trillion error speaks for itself,” a Treasury spokesperson said Friday.
Reaction from the markets is unknown. Monday(actually Sunday afternoon when Japan, Hong Kong and Sydney exchanges open first) we will see the markets express their concerns.
Reaction from the politicians will be strong to say the least. The Tea Party will feel vindicated. Look out folks we can wonder will interest rates will climb.
The other major credit rating agencies Fitch Ratings and Moody’s Investment Services did not downgrade the US credit ratings although Moody’s placed the US on negative outlook.
Oh boy its the only August 5th and the month just begun.
Tuesday, The Wisconsin Supreme rules 4 to 3 in favor of Governor Scott Walker’s Union and Budget Reform Law. From Milwaukee Journal- Sentinel:
Acting with unusual speed, the state Supreme Court on Tuesday ordered the reinstatement of Gov. Scott Walker’s controversial plan to end most collective bargaining for tens of thousands of public workers.
The court found that a committee of lawmakers was not subject to the state’s open meetings law, and so did not violate that law when it hastily approved the collective bargaining measure in March and made it possible for the Senate to take it up. In doing so, the Supreme Court overruled a Dane County judge who had halted the legislation, ending one challenge to the law even as new challenges are likely to emerge.
On Wednesday The White House announced the photo of a dead Osama bin Laden will not released to the public for fear causing Protests and the picture used to recruit for Al Qeda. From CBS News:
In an interview with Steve Kroft for this Sunday’s “60 Minutes” conducted today, President Obama said he won’t release post-mortem images of Osama bin Laden taken to prove his death.
“It is important to make sure that very graphic photos of somebody who was shot in the head are not floating around as an incitement to additional violence or as a propaganda tool,” said the president.
“We don’t trot out this stuff as trophies,” Mr. Obama added. “The fact of the matter is, this is somebody who was deserving of the justice that he received.”
CBS NEWS has the video
On Tuesday Muammar Gaddafi President of Libya reappear after his compound was bombed on Sunday by British Forces jets. From The Independent:
Just as the world had started to wonder why the Libyan leader had not been seen in a week, Muammar Gaddafi appeared on the balcony of his encampment near Tripoli and made a defiant speech to his supporters, saying that Western intervention in his country was “unjust” and would be defeated in the end.
Appearing on Libyan state television and displaying the same fiery temperament that has become a signature trademark of his recent addresses, the Libyan leader denounced the coalition’s bombing attacks, saying that the country would “never surrender” and that they would be beaten whether in the “long or short term”.
The three-minute broadcast – brief by Colonel Gaddafi’s usual standards – beamed onto Libyan television screens and filtered out across the world as a fourth night of anti-aircraft fire lit up the night skies in Tripoli.
Read it all!
After a month of attacks on the rebels by Supreme Leader Colonel Muammar Gaddafi NATO forces launched missile attacks in Libya while creating a No Fly Zone. Led by France, The United Kingdom and the Obama Administration Began on Friday lobbing cruise missile into Tripoli. From Reuters:
The U.N. Security Council passed a resolution endorsing a no-fly zone to halt government troops now around 100 km (60 miles) from Benghazi. It also authorised “all necessary measures” — code for military action — to protect civilians against Gaddafi’s forces.
But time was clearly running short for the city that has been the heart of Libya’s revolution.
Residents said the Libyan air force unleashed three air raids on the city of 670,000 on Thursday and there has been fierce fighting along the Mediterranean coastal road as Gaddafi moves to crush the month-old insurrection.
Libyan Leader Col. Muammar Gaddafi is regaining control in Libya and now seeking weapons to quash the rebellion. From The London Daily Telegraph :
(British Prime Minister David Cameron wants a No-fly-zone over Libya and frustrated a the US and NATO allies won’t carry out the zone and rebel are begging for help:)
For the first time, Mr Cameron hinted that Britain was sympathetic to calls for the West, or Arab neighbours, to give military aid to rebels despite a blanket UN embargo on arms exports to Libya.
“On arming the rebels, we should not exclude any possibility,” he said.
However, he added: “Clearly when you’ve got an arms embargo put in place by the UN, you have a legal difficulty.”
Mr Cameron also called on the international community to do more to police the existing arms embargo on Libya to prevent Gaddafi acquiring new weapons.
“There are signs he is seeking additional armaments right now,” he said.
The absence of a no-fly zone has allowed Col. Gaddafi’s private jet, a French-built Dassault Falcon, registration 5A-DCN, to fly in and out of Belarus on suspected sanctions busting missions to shift assets or buy weapons.
Hugh Griffiths, of the Stockholm International Peace Research Institute (SIPRI), suggested that the plane had carried hard assets, such as diamonds, to buy weaponry.