Pakistani court confrontation deepens crisis with weak government
The Supreme Court moved to contempt proceedings against Prime Minister Yousuf Raza Gilani for defying an order to reopen a corruption case against President Asif Ali Zardari. If convicted, Gilani faces up to six months in prison and disqualification from office as Pakistan grapples with economic strain and Islamist violence. The clash involves the army, the court, and political opposition, raising fears of a potential civilian collapse amid U.S. war efforts in Afghanistan.
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Islamabad
Pakistan
Supreme Court
Yousuf Raza Gilani
Asif Ali Zardari
Gilani
U.S
Afghanistan
Washington
Cyril Almeida
Dawn
Nigeria ends fuel strike as soldiers patrol streets
Nigeria ends a six day nationwide fuel strike after President Goodluck Jonathan partially restores subsidies. Soldiers were deployed in major cities to curb protests as unions claim victory while prices rise to about 2.27 per gallon.
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Goodluck Jonathan
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Sarkozy shrugs off France credit downgrade amid eurozone concerns
French President Nicolas Sarkozy dismissed S&P's downgrade as changing nothing, noting solid investor demand for France's debt and Moody's reaffirmation of AAA status. He spoke in Madrid with Mariano Rajoy, while analysts warned of risk of further downgrades. France sold 10.9 billion in short term debt as yields fell.
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Madrid
Nicolas Sarkozy
Standard & Poor
France
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Moody’s
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Peoria Hogs and Cattle Prices Reported by AP
Livestock prices in Peoria show hogs trading moderately with barrows and gilts steady. sow prices up about two dollars across weights. boars priced at 21.00 and 27.00. cattle traded 109.50 to 126.00 with slaughter steers and heifers at various weight-based ranges. cows 40.00 to 60.00, high yield up to 65.00, thin cows 23.00 to 28.00. bulls 62.00 to 70.00.
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Associated Press
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