Chattanooga Daughter Asks Mom to Take the Knife Out of Her Back

By Brett Fromhold

Brett-Fromhold@mocs.utc.edu

CHATTANOOGA, Tenn. (UTC/Loop) — Police said a Chattanooga woman has been arrested for stabbing her 15-year-old daughter in the back, just above a kidney.

A police statement said Donna Alicia Ray was charged with aggravated child abuse Sunday night following the stabbing in an argument between the two.

Police reports show Ray came home, smelled smoke inside, saw children outside and assumed her daughter had been doing something wrong.

In the argument that followed, Ray allegedly picked up an iron and her daughter picked up a knife. At some point, the daughter tried to walk away but Ray retrieved a larger knife and stabbed her daughter.

The teen underwent surgery and is in stable condition. Ray was taken to the Hamilton County Jail. Police did not have any record of a lawyer.

 

Copyright 2011 The Associated Press.

Print Friendly
Share

First African woman to win Nobel Peace Prize dies

By Ross McClellon

hlj687@mocs.utc.edu

NAIROBI, Kenya (UTC/Loop) — Kenya’s former president called her a mad woman. Seen as a threat to the rich and powerful, Wangari Maathai was beaten, arrested and vilified for the simple act of planting a tree, a natural wonder Maathai believed could reduce poverty and conflict.

Former elementary students who planted saplings alongside her, world leaders charmed by her message and African visionaries on Monday remembered a woman some called the Tree Mother of Africa. Maathai, Africa’s first female winner of the Nobel Peace Prize, died late Sunday in a Nairobi hospital following a battle with cancer. She was 71.

Maathai believed that a healthy environment helped improve lives by providing clean water and firewood for cooking, thereby decreasing conflict. The Kenyan organization she founded planted 30 million trees in hopes of improving the chances for peace, a triumph for nature that inspired the U.N. to launch a worldwide campaign that resulted in 11 billion trees planted.

Maathai, a university professor with a warm smile and college degrees from the United States, staged popular protests that bedeviled former President Daniel arap Moi, a repressive and autocratic ruler who called her “a mad woman” who was a threat to the security of Kenya.

In the summer of 1998, the Kenyan government was giving land to political allies in a protected forest on Nairobi’s outskirts. Maathai began a campaign to reclaim the land, culminating in a confrontation with 200 hired thugs armed with machetes and bows and arrows. When Maathai tried to plant a tree, she and her cohorts were attacked with whips, clubs and stones. Maathai received a bloody gash on her head.

“Many said, ‘She is just planting trees.’ But that was important, not only from an environmental perspective, to stop the desert from spreading, but also as a way to activate women and fight the Daniel arap Moi regime,” said Geir Lundestad, director of the Nobel Institute, which awarded Maathai the peace prize in 2004.

“Wangari Maathai combined the protection of the environment, with the struggle for women’s rights and fight for democracy,” he said.

Maathai said during her 2004 Peace Prize acceptance speech that the inspiration for her life’s work came from her childhood experiences in rural Kenya. There she witnessed forests being cleared and replaced by commercial plantations, which destroyed biodiversity and the capacity of forests to conserve water.

After arap Moi left government, Maathai served as an assistant minister for the environment and natural resources ministry.

Although the tree-planting campaign launched by her group, the Green Belt Movement, did not initially address the issues of peace and democracy, Maathai said it became clear over time that responsible governance of the environment was not possible without democracy.

“Therefore, the tree became a symbol for the democratic struggle in Kenya. Citizens were mobilized to challenge widespread abuses of power, corruption and environmental mismanagement,” Maathai said.

Maathai’s work was quickly recognized by groups and governments the world over, winning awards, accolades and partnerships with powerful organizations. Meanwhile, her dedication to nature remained, as could be seen in her role in a movie called “Dirt! The Movie,” where Maathai narrated the story of a hummingbird carrying one drop of water at a time to fight a forest fire, even as animals like the elephant asked why the hummingbird was wasting his energy.

“It turns to them and tells them, ‘I’m doing the best I can.’ And that to me is what all of us should do. We should always feel like a hummingbird,” she said. “I certainly don’t want to be like the animals watching as the planet goes down the drain. I will be a hummingbird. I will do the best I can.”

Recognizing that never-say-die attitude, Kenyan Prime Minister Raila Odinga said Maathai’s death “strikes at the core of our nation’s heart.” Odinga said Maathai died just as the causes she fought for were getting the attention they deserve.

The United Nations Environment Program called Maathai one of Africa’s foremost environmental campaigners and recalled that Maathai was the inspiration behind UNEP’s 2006 Billion Tree Campaign. More than 11 billion trees have been planted so far.

“Wangari Maathai was a force of nature. While others deployed their power and life force to damage, degrade and extract short term profit from the environment, she used hers to stand in their way, mobilize communities and to argue for conservation and sustainable development over destruction,” said Achim Steiner, the executive director of UNEP.

Tributes poured out for Maathai online, including from Kenyans who remember planting trees alongside her as schoolchildren. One popular Twitter posting noted that Maathai’s knees always seemed to be dirty from showing VIPs how to plant trees. Another poster, noting Nairobi’s cloudy skies Monday, said: “No wonder the sun is not shining today.”

Her quest to see fewer trees felled and more planted saw her face off against Kenya’s powerful elite. At least three times during her activist years she was physically attacked, including being clubbed unconscious by police during a hunger strike in 1992.

Archbishop Desmond Tutu on Monday called Maathai a “true African heroine.” The Nelson Mandela Foundation also expressed sadness. The foundation hosted Maathai in 2005, when she headlined the foundation’s annual lecture.

“We need people who love Africa so much that they want to protect her from destructive processes,” she said in her address. “There are simple actions we can take. Start by planting 10 trees we each need to absorb the carbon dioxide we exhale.”

The spokesman for U.N. Secretary-General Ban Ki-moon said Maathai was a “pioneer in articulating the links between human rights, poverty, environmental protection and security.”

A long time friend and fellow professor at the University of Nairobi, Vertistine Mbaya said that Maathai showed the world how important it is to have and demonstrate courage.

“The values she had for justice and civil liberties and what she believed were the obligations of civil society and government,” Mbaya said. “She also demonstrated the importance of recognizing the contributions that women can make and allowing them the open space to do so.”

Njeri Gatonyo, a member of the Green Belt Movement board, said Maathai’s organization will continue with the work that Maathai began in 1977. Mbaya said work would continue to establish a Wangari Maathai Institute for Environmental Studies and Peace at the University of Nairobi.

Maathai was the first woman to earn a doctorate in East Africa — in 1971 from the University of Nairobi, where she later was an associate professor in the department of veterinary anatomy. She previously earned degrees from Mount St. Scholastica College — now Benedictine College — in Atchison, Kansas and the University of Pittsburgh.

The Green Belt Movement said on its website that Maathai’s death was a great loss to those who “admired her determination to make the world a more peaceful, healthier and better place.” Edward Wageni, the group’s deputy executive director, said Maathai died in a Nairobi hospital late Sunday. Maathai had been in and out of the hospital since the beginning of the year, he said.

Maathai is survived by three children. Funeral arrangements were to be announced soon, the Green Belt Movement said.

___

Associated Press writer Malin Rising in Stockholm, Sweden contributed to this report.

___

Online:

http://greenbeltmovement.org

 

Copyright 2011 The Associated Press.

 

Print Friendly
Share

World’s worst air

by: Rachel Koch

Rachel-Koch@mocs.utc.edu

CHATTANOOGA, Tenn (AP/The Loop) —  Cities in Iran, India, Pakistan and the capital of Mongolia rank among the worst on the planet for air pollution, while those in the U.S. and Canada are among the best, according to the first global survey, released Monday by the World Health Organization.

The southwest Iranian city of Ahvaz walked away with the unfortunate distinction of having the highest measured level of airborne particles smaller than 10 micrometers.

WHO released the list to highlight the need to reduce outdoor air pollution, which is estimated to cause 1.34 million premature deaths each year. The global body said investments to lower pollution levels quickly pay off due to lower disease rates and, therefore, lower healthcare costs.

The list, which relies on country-reported data over the past several years, measures the levels of airborne particles smaller than 10 micrometers — so-called PM10s — for almost 1,100 cities.

WHO recommends an upper limit of 20 micrograms for PM10s, which can cause serious respiratory problems in humans. They are mostly sulfur dioxide and nitrogen dioxide from power plants, auto exhausts and industry.

Ahvaz’s annual average of PM10s was 372 micrograms per cubic meter.

The study found that the Mongolian capital Ulan Bator had an annual average PM10s density of 279 micrograms per cubic meter, followed by another west Iranian city, Sanandaj, with 254 micrograms.

Cities in Pakistan and India, such as Quetta and Kanpur, as well as Botswana’s capital Gaborone, also ranked high on the pollution scale.

WHO said the reasons for the high pollution levels varied, but that often rapid industrialization and the use of poor quality fuels for transportation and electricity generation are to blame.

At the other end of the list are cities in Canada and the United States, which benefit from lower population density, favorable climates and stricter air pollution regulation.

Yukon territory’s capital Whitehorse had a yearly average of just 3 micrograms of PM10s per cubic meter, while Santa Fe, New Mexico, measured 6 micrograms.

Washington, D.C., had a level of 18 micrograms, Tokyo measured 23 micrograms, and Paris had 38 micrograms of PM10s per cubic meter.

WHO also released a shorter table comparing levels of even finer dust particles, known as PM2.5s. The level considered harmful there is 10 micrograms per cubic meter.

This list contained no measurements from Asia apart from Ulan Bator, which again ranked worst with 63.0 micrograms.

Print Friendly
Share

Stocks Wobble

By Hannah Abu-Asaba

hannah-abuasaba@utc.edu

NEW YORK (UTC/TheLoop) — Stocks moved between slight gains and losses Monday after new home sales fell to a six-month low in the U.S. and investors remained concerned about Europe’s debt crisis.

The government reported that new home sales fell for the fourth straight month in August, even though the summer is traditionally a peak time for home-buying. The decline suggests that the weak housing market is still a major drag on the U.S. economy.

Europe’s debt problems also pushed stocks lower. European leaders met in Washington this weekend and pledged to take bolder steps to fight the debt problems, which threaten to slow the global economy. But they offered few specifics.

Officials have talked about increasing the $595 billion European rescue fund by allowing it to take loans from the European Central Bank. Economists have also suggested that the central bank cut interest rates. But both proposals face opposition.

The Dow Jones industrial average rose 51 points, or 0.5 percent, to 10,823 shortly after 10:30 a.m. It had been up as many as 127 points earlier in the day.

The Standard & Poor’s 500 fell less than a point, or 0.1 percent, to 1,134. The Nasdaq composite index fell 25, or 1 percent, to 2,458.

Investors have been on edge about Europe’s debt problems for months. Last week, the Dow Jones industrial average fell 6.4 percent. That was the biggest drop since the week ended Oct. 10, 2008, when it fell 18 percent at the height of the financial crisis.

Greece is at risk of defaulting on its debt next month if it does not receive the next installment of a bailout package. If that happens, banks that hold Greek bonds would lose money. Analysts also worry that the economies in Europe and the U.S. could slip into another recession.

Boeing Co. rose 1.8 percent after the company delivered its first 787 aircraft to Japan’s All Nippon Airways. An analyst said the company’s earnings should rise for the next few years if the company is able to maintain steady production.

Berkshire Hathaway’s Class B shares rose 5.6 percent to $70.06, the most of any S&P 500 stock, after the company announcing a plan to repurchase stock for the first since 1965.

Clorox Co. fell 6 percent to $65.68 after Carl Icahn withdrew his slate of directors. That suggested the activist investor was unable to find a buyer for the consumer products company.

 

Copyright 2011 The Associated Press.

Print Friendly
Share

Bolivia Protesters Challenge Amazon Highway Project

By Laura Richmond

Laura-Richmond@mocs.utc.edu/

RURRENABAQUE, Bolivia (UTC/TheLoop) — Bolivia’s defense minister has resigned in protest over a crackdown in Indians protesting an Amazon highway they say will cause damage to their lands.

Celicia Chacon says she did not agree with the government decision to break up a march against the highway project and detain hundreds of protesters.

About 100 protesters seized the landing strip in the town of Rurrenabaque on Monday to prevent police from using it to fly detainees out of the area.

The protest poses a dilemma for President Evo Morales. While he sympathizes with Indian causes, he says the 190-mile (300-kilometer) highway is essential for Bolivia’s economy. It is to connect Brazil with Pacific ports in Chile and Peru.

 

Copyright 2011 The Associated Press.

 

Print Friendly
Share

Students Feel Pressure from Cyber Bullying

By: Laura Mish

nwp429@mocs.utc.edu

WASHINGTON (UTC/The Loop) — Young people immersed in the online world are encountering racist and sexist slurs and other name-calling that probably would appall their parents and teachers. And most consider it no big deal, a new poll says.

Teens and twentysomethings say in an Associated Press-MTV poll that people feel freer to use hurtful language when texting on their cellphones or posting to sites like Facebook than they would face to face. Half the young people regularly see discriminatory slang — including racial taunts and words like “slut,” ”fag” and “retard” — and the majority say they aren’t very offended by it.

Those surveyed are twice as likely to say biased slurs are used to be funny as they are to think that the user is expressing hateful feelings toward a group of people. Another popular reason: to sound cool.

“They might be really serious, but you take it as a joke,” said Kervin Browner II, 20, a junior at Oakland University in Rochester, Mich. He’s black but says the ugly words he sees are generally aimed at women, not minorities. And although Browner doesn’t like it, he doesn’t protest when his friends use those words on Twitter. “That’s just how it is,” he said. “People in their own minds, they think it’s cool.”

When the question is asked broadly, half of young people say using discriminatory words is wrong. But 54 percent think it’s OK to use them within their own circle of friends, because “I know we don’t mean it.” And they don’t worry much about whether the things they tap into their cellphones and laptops could reach a wider audience and get them into trouble.

Those who use slurs are probably offending more people than they realize, even within their own age range. The poll of 14- to 24-year-olds shows a significant minority are upset by some pejoratives they encounter online, especially when they identify with the group being targeted.

“It’s so derogatory to women and demeaning, it just makes you feel gross,” Lori Pletka, 22, says about “slut” and more vulgar words aimed at women. The Southeast Missouri State University senior said she regularly sees other offensive terms, too — for black people, Hispanics and gays.

But even the most inflammatory racist slur in the AP-MTV poll — the “N-word” — didn’t rouse a majority of young people. Only 44 percent said they’d be very or extremely offended if they saw someone using it online or in a text message. Thirty-five percent said it wouldn’t bother them much, including fully 26 percent who wouldn’t be offended at all.

Among African-American youth, however, 60 percent said they would be offended by seeing the N-word used against someone.

Four in 10 young people overall said they encounter that word being used against other people, with half of those seeing it often.

Other derogatory expressions are more common and accepted. Majorities see “slut” and “fag” used against others, and only about a third consider them seriously offensive.

But 41 percent of women deem “slut” deeply offensive (jumping to 65 percent if it’s used against them specifically), compared with only 28 percent of men. And 39 percent of those who are gay or know someone who is gay are seriously offended by the use of “fag,” compared with 23 percent of all others.

Demeaning something with “that’s so gay” is so common that two-thirds of young people see it used, and the majority aren’t offended at all, despite a public-service ad campaign that tried to stamp out the anti-gay slang.

A similar effort by the Special Olympics and others to persuade kids not to use “retard” hasn’t hit home with half of those surveyed, who don’t find the word even moderately bothersome. Twenty-seven percent are seriously offended, however.

Some teens just text the way they talk. Calling each other “gay” and “retarded” is routine in high school, says Robert Leader, 17, a senior in Voorhees, N.J. So teens text it, too.

But constantly seeing ugly words on their electronic screens may have a coarsening effect. “It’s caused people to loosen their boundaries on what’s not acceptable,” Leader said.

What group gets picked on the most? Those who are overweight. And slurs against the overweight are more likely to be considered intentionally hurtful than slights against others; 47 percent say these comments are meant to sting.

Muslims and gays also are seen as targets of mean-spiritedness.

In contrast, only a third say discriminatory words about blacks are most often intended as hurtful, while two-thirds think they are mostly jokes. And 75 percent think slurs against women are generally meant to be funny.

That blasé attitude could lead them in trouble.

Four out of 10 young people have given little or no thought to the ease with which their electronic messages could be passed to people they didn’t expect to see them; less than a quarter have thought about it a lot. Two-thirds haven’t considered that what they type could get them in trouble with their parents or their school. But it happens.

A 13-year-old Concord, N.H., girl was suspended from school for posting on Facebook that she wished Osama bin Laden had killed her math teacher. The University of Texas Longhorns dismissed a sophomore football player for his racial slam against Barack Obama on Facebook after the 2008 presidential election. And a Harvard law student’s email to friends, suggesting that blacks might be intellectually inferior, was forwarded across the Internet, prompting the law school dean to publicly denounce it.

“People have that false sense of security that they can say whatever they want online,” said Pletka of Cape Girardeau, Mo. “Anything that you put into print can be used.”

The AP-MTV poll was conducted Aug. 18-31 and involved online interviews with 1,355 people ages 14-24 nationwide. The margin of sampling error is plus or minus 3.8 percentage points.

The poll is part of an MTV campaign, “A Thin Line,” aiming to stop the spread of digital abuse.

The survey was conducted by Knowledge Networks, which used traditional telephone and mail sampling methods to randomly recruit respondents. People selected who had no Internet access were given it for free.

___

Associated Press writer Stacy A. Anderson, AP Global Director of Polling Trevor Tompson and AP News Survey Specialist Dennis Junius contributed to this report.

 

Print Friendly
Share

Five Deaths in Indiana

By Madeline Chambliss

Madeline-Chambliss@utc.edu

CHATTANOOGA, Tenn (UTC/The Loop) – LAUREL, Ind. (AP) — Some of the five people found dead at two homes in rural southeast Indiana had been shot, and autopsies to confirm the cause of death are planned for Monday, state police said.

Police said it was not clear if any suspects remained on the loose or were among the dead, and warned residents of the sparsely populated, wooded area near the town of Laurel to be careful.

“We have five dead people and we’re trying to find out how they died,” said Sgt. Jerry Goodin, spokesman for the Indiana State Police. “Some of the victims had gunshot wounds, or what appear to be gunshot wounds.”

The Marion County coroner’s office in Indianapolis was scheduled to perform autopsies Monday.

Police did not immediately release the identities of the victims, pending notification of family members. Goodwin said Sunday he did not know “if the shooter or shooters could be among the deceased.”

A multi-agency investigation into the killings began after the Franklin County Sheriff’s Department responded to a call Sunday afternoon about a child wandering along a road near Laurel, about 50 miles southeast of Indianapolis, according to a state police statement.

A deputy spoke with the child and neighbors, then called for backup to search the two homes. Police found a dead male inside a recreational vehicle and the bodies of two males and two females at the other home across the street. The statement didn’t say if the dead were adults.

Goodin told The Associated Press that it was too early in the investigation to rule out the possibility that one or more suspects were on the loose and cautioned neighbors until that could be clarified.

“They should be vigilant,” Goodin said. “They need to make sure they keep the doors locked. If they see any suspicious people, absolutely they should dial 911.

Copyright 2011 The Associated Press.

Print Friendly
Share

5 People Found Dead in Rural Indiana

By Sarah Lord

sarah-lord@utc.edu

LAUREL, Ind. (UTC/The Loop) — Some of the five people found dead at two homes in rural southeast Indiana had been shot, and autopsies to confirm the cause of death are planned for Monday, state police said.

Police said it was not clear if any suspects remained on the loose or were among the dead, and warned residents of the sparsely populated, wooded area near the town of Laurel to be careful.

“We have five dead people and we’re trying to find out how they died,” said Sgt. Jerry Goodin, spokesman for the Indiana State Police. “Some of the victims had gunshot wounds, or what appear to be gunshot wounds.”

The Marion County coroner’s office in Indianapolis was scheduled to perform autopsies Monday.

Police did not immediately release the identities of the victims, pending notification of family members. Goodwin said Sunday he did not know “if the shooter or shooters could be among the deceased.”

A multi-agency investigation into the killings began after the Franklin County Sheriff’s Department responded to a call Sunday afternoon about a child wandering along a road near Laurel, about 50 miles southeast of Indianapolis, according to a state police statement.

A deputy spoke with the child and neighbors, then called for backup to search the two homes. Police found a dead male inside a recreational vehicle and the bodies of two males and two females at the other home across the street. The statement didn’t say if the dead were adults.

Goodin told The Associated Press that it was too early in the investigation to rule out the possibility that one or more suspects were on the loose and cautioned neighbors until that could be clarified.

“They should be vigilant,” Goodin said. “They need to make sure they keep the doors locked. If they see any suspicious people, absolutely they should dial 911.

 

Print Friendly
Share

GOP Candidates look to Donald Trump for advice

By: Sarah Beagan

Sarah-Beagan@mocs.utc.edu

NEW YORK (UTC/The Loop) — Donald Trump has become a must-stop for GOP candidates looking for advice or hoping to bask in the celebrity real estate mogul’s star power.

All the major Republican presidential hopefuls have sought an audience with Trump, just months after President Barack Obama dismissed the TV reality show personality as a “carnival barker” for raising debunked questions about Obama’s citizenship.

Trump’s money and fame as host of “Celebrity Apprentice” are part of the draw for GOP candidates. But Republican strategists say candidates could also learn a lot politically from Trump, whose aggressive criticism of Obama and blunt portrait of the U.S. as a nation in decline have resonated with conservative voters looking for an in-your-face challenge to the president.

“Trump created a position of playing offense and took it right to President Obama and his policies,” said John McLaughlin, a GOP pollster who has worked with Trump, who flirted briefly with a presidential bid. “He speaks in plain language about jobs lost at home, and our loss of prestige overseas. He’s been forthright and willing to put in a sentence what the average person feels.”

Former Massachusetts Gov. Mitt Romney is the next presidential hopeful scheduled to meet with Trump, on Monday in New York. Texas Gov. Rick Perry dined with Trump earlier this month at a fancy Manhattan restaurant. Sarah Palin, still toying with a potential presidential bid, shared pizza with Trump and his wife, Melania, in Times Square last spring. Minnesota Rep. Michele Bachmann visited Trump’s penthouse atop the Trump Tower in July.

Thump even sent a videotaped message to the Faith and Freedom Coalition forum in Florida where all the major GOP contenders spoke Thursday.

“It’s very important that we pick the right person. If we pick the wrong person we’re going to have four more years of this nonsense in Washington. Obama must be defeated,” Trump told the gathering.

Aligning themselves with Trump could help Republicans in a GOP primary because conservatives who make up the base of the party generally cheer him. But candidates risk losing moderates, independents and other general election voters turned off by Trump’s crusade against Obama’s birth certificate.

The candidates haven’t fully embraced the issues Trump champions, like bashing the OPEC oil cartel and demanding that countries like Libya and Iraq repay the U.S. for military assistance. But they’ve also adopted some of Trump’s other themes as well as his blunt tone.

Releasing his 59-point jobs plan earlier this month, Romney echoed Trump’s tough talk against China, which Trump has accused of “stealing” U.S. manufacturing jobs through currency manipulation.

“I’ll clamp down on the cheaters, and China is the worst example of that,” Romney said, vowing as president to order the Treasury Department to designate China a “currency manipulator.” Such a designation could trigger trade sanctions against China, a major U.S. trading partner and its biggest foreign lender.

Nearly all the candidates repeated a warning that America’s stature is declining in the eyes of the world after Trump cast the U.S. under Obama as a global “laughingstock” and “whipping boy” in a well-received speech to the Conservative Political Action Committee conference last winter.

Perry, in a new campaign video, describes the U.S. as “the least great hope of mankind” and states, “We don’t need a president who apologizes for America. I love America.”

Pizza magnate Herman Cain has called the U.S. “a nation of crises.” Former Utah Gov. Jon Huntsman says “What we’re seeing playing out in America is a human tragedy.”

To be sure, not all the rhetoric can be traced to Trump, who is largely echoing the sense of America under siege that has animated many conservatives. But Trump spokesman Michael Cohen, noting the candidates’ tone and themes, said “I just wish they would give Mr. Trump the credit now that they’re emulating his views.”

Trump’s reputation was in danger of taking a hit last spring, when he almost single-handedly revived questions about Obama’s birthplace and demanded to see the so-called “long form” birth certificate showing the president was born in Hawaii in 1961. Until that point, the so-called “birther’ controversy, suggesting Obama had been born outside the U.S. and not eligible to be president, had been promoted by fringe elements of the Republican Party.

Trump’s efforts to stoke the issue succeeded in part — Obama did release his long-form birth certificate after years of refusing to do so, putting the issue to rest for good.

“We’re not going to be able to solve our problems if we get distracted by side shows and carnival barkers,” Obama said announcing the release of the birth certificate, a clear shot at Trump.

Obama went even further days later, using his appearance at the White House Correspondents Dinner to mock Trump, who was sitting in the audience.

“No one is prouder to put this birth certificate to rest than The Donald. Now he can get to focusing on the issues that matter. Like, did we fake the moon landing? What really happened at Roswell?” Obama said. The audience laughed and cheered while Trump glowered.

 

Copyright 2011 The Associated Press.

 

 

Print Friendly
Share

Stock market uncertainty forces action

CHATTANOOGA, Tenn (UTC/The Loop) – U.S. stock futures rose Monday following a painful week in the financial markets on hopes that European leaders will come up with a new strategy to resolve the region’s debt crisis.

Finance officials met in Washington this past weekend and pledged to take bolder steps to fight the debt problems, which threaten to slow the global economy. They offered few specifics.

German leaders want banks and private institutions that hold Greek bonds to take a bigger loss on those holdings to slash Athens’ debt. European officials have also talked about increasing the $595 billion European rescue fund by perhaps allowing it to take loans from the European Central Bank.

Investors have been on edge about Europe’s debt problems for months. Last week, the Dow Jones industrial average fell by 6.4 percent. That was its biggest drop since the week ended Oct. 10, 2008, when it fell 18 percent during the height of the financial crisis.

About 40 minutes ahead of the bell on Monday, Dow Jones industrial average futures rose 103 points, or 1 percent, to 10,800 ahead of the opening bell.

Standard & Poor’s 500 index futures rose 14, or 1.2 percent, to 1,144. Nasdaq 100 futures rose 17, or 0.8 percent, to 2,219.

The U.S. Commerce Department is expected to report at 10 a.m. Eastern that new home sales fell for the fourth consecutive month in August, typically a peak time for home-buying. Economists forecast that new homes sales fell to a seasonally adjusted annual rate of 295,000 last month. In a healthy market, typically 700,000 new homes are sold.

In corporate news, Boeing Co. rose 2.5 percent ahead of the opening bell after an analyst said the company should be able to deliver strong earnings growth over the next several years if it can begin steady production of its 787 aircraft.

Occidental Petroleum Corp. rose 2.2 percent in premarket trading. A Citi analyst upgraded the company and predicted production growth at the oil and natural gas producer.

 

Copyright 2011 The Associated Press.

 

Print Friendly
Share