Global markets reel as U S downgrade spurs debt fear
Stocks slide in 2011 amid fears of slower growth and debt crises. U S equities fall, oil hits yearly low, while Europe struggles with Italy and Spain debt and bond yields rise. Analysts warn further steps could slow growth as policymakers face deficits.
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Europe
Downgrade of U S credit rating tied to Washington gridlock
The downgrade cited political stalemate between President Obama and Congress as a key factor. John Chambers of S P said the debt ceiling dispute illustrated rising U S debt burdens. Obama countered that the nation remains triple A, while markets moved lower and lawmakers questioned rating agencies' political judgments.
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Vega Update in Trial Indicates Evidence Gaps
State witnesses for ballistic and DNA evidence were available at the trial. The judge noted charges of shooting at or from an occupied dwelling had been dropped. Cosby reported limited contact with Dr. Clinton Rhyne. The judge urged timely witness access and warned eight days remain before trial. He requested two jury panels for selection.
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Cosby
Clinton Rhyne
District Court
PRC commissioner named suspect in stolen car case
Santa Fe police identify Public Regulation Commissioner Jerome Block Jr. as a suspect in a stolen vehicle case tied to a test drive of a used Honda from Capitol City Auto. The car disappeared for three weeks, was found undamaged on the Plaza in downtown Santa Fe, and ties to prior campaign money and gas card concerns are under review by state officials.
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