Saturday, August 6, 2011

August 5, 2011

ECONOMY: U.S. Loses AAA Rating from S&P For the first time in U.S. history, one of the two major rating agencies, Standard & Poor (S&P) has downgraded the U.S. credit rating from AAA to AA+. Read More: S&P (Full Report) | The Washington Post | The Wall Street Journal

FOREIGN RELATIONS: Americans Urged to Leave Syria The State Department is urging Americans to leave Syria while commercial transport is still available.  As protests in the country continue, the Syrian government has limited travel of diplomats which limits their ability to assist Americans located in the nation.  Read More: The Washington Post


FINANCE: U.S. Bank Will Charge for Large Deposits The Bank of New York Mellon has announced that it will begin charging customers 0.13% for deposits in excess of $50 million.  This is the first time a bank has announced such a plan.  As a possible response to this, the stock price has fallen by 3.92% today.  Read More: The Wall Street Journal | The Street

WORLD: Former Ukrainian Prime Minister Arrested Yulia Tymoshenko was arrested under a judge's orders.  The judge has ruled that she was "systematically" disrupting courtroom proceedings.  Supporters have showed at the courthouse in protest. Read More: The Boston Globe | Kyiv Post

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