Italy’s Credit Rating Cut

Standard & Poor’s have cut yesterday Italy’s credit rating to A/A-1 from A+/A-. They said that the outlook for the country is negative after fears arose that Italy will not be able to cut their debt, which is one of the biggest in the world. This move will fuel fears further that the Euro is […]

Novak Djokovic wins US Open in Epic Final

With the women’s final going to Sam Stosur, everyone turned their attention to the Men’s final of the US Open. Novak Djokovic and Rafael Nadal were battling it out. In an epic final Djokovic won 6-2 6-4 6-7 (3-7) 6-1 in 4 hours 10 minutes. Nadal was hoping to beat Djokovic this time round but […]

Hero gets New Job

A young man who helped survivors during a blaze at a casino in the Mexican city of Monterrey has now been offered a new job as firefighter. The 19 year-old was working as parking attendant when the fire broke out and decided to spontaneously help. During the blaze 53 people died and many were injured. […]

Gaddafi Family flees to Algeria

Apparently Gaddafi’s wife and her daughter as well as other family members have crossed the border into Algeria. Sources think that Gaddafi himself is still in Libya together with two of his sons. Algeria stated that the refugees were received on humanitarian grounds but the rebel forces demand their extradition. Algeria seems for now the […]

Internet Gambling… the next Round

Since 2006 online gambling is illegal in the US. With budget deficits hitting the states and the federal government, online gambling proponents are making another push to legalize online gambling in the US. They are arguing that online casino and online poker sites could raise millions in tax revenues and generate thousands of jobs. Another […]

Financial Markets in Europe down after Talks

What is it about Angela Merkel and Nicolas Sarkozy? Everytime they meet financial markets are in turmoil and most of the times it is because they do not make the right decisions. The last meetings were in response to the stock markets crashing last week. They are proposing to introduce a tax on financial transaction […]