Tag Archives: Wall Street

Dow Jones Sees 53 Percent Gain This Year

The Dow Jones Industrial Average closed at 10015.86 today, reaching 10,000 for the first time since October of 2008. The boost was thanks to a better-than-expected profit from bank JP Morgan Chase. That marks a 53 percent gain in only seven months, Wall Street Journal.

Confusion has erupted over whether an agreement has been reached in Honduras between the ousted government and coup leaders. Negotiators for ousted President Manuel Zelaya have said an “unified text” has been agree upon, but representatives of interim leader Roberto Micheletti deny this. Talks are likely to resume again tomorrow, BBC News.

The Iraqi government has estimated that 85,000 citizens were violently killed during the 2004 to 2008 American occupation. The estimate does not include foreigners or insurgents. Past reports have placed the number anywhere between 100,000 to over half a million, BBC News.

European officials have criticized Turkey over threats to freedom of expression in the country. This comes after controversy about a $3.9 billion fine against Dogan Yayin, Turkey’s largest media conglomerate, who have been critical of the current government, New York Times.

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Karzai Leading in Afghan Election So Far

The independent election commission in charge of last month’s elections in Afghanistan has annulled votes from 447 polling stations because of fraud. Current President Hamid Karzai is leading with about 3/4 of votes counted but he does not yet have the 50% majority he needs to avoid a run-off election, Al Jazeera.

Canada’s Globe and Mail has a series of reports from North Korea by reporter Mark MacKinnon and photographer Susan Gallagher, Day 1, Day 2, and what North Koreans think about the rest of the world.

New scheme from Wall Street: “Wall Street bankers plan to buy life insurance policies that ill and elderly people sell for cash and package hundreds or thousands of them together into bonds,” New York Times. “The earlier the policyholder dies, the bigger the return — though if people live longer than expected, investors could get poor returns or even lose money.”

White House environmental advisor Van Jones has resigned after controversy stemming from statements he made during the George W. Bush administration, Washington Post.

Today is the start of dolphin hunting season in Japan, but hunters may be staying at home thanks, in part, to The Cove, an undercover documentary about the dolphin industry, NPR.

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