Six Killed In Jersey Knife Attack - Telegraph.co.uk

Latest updated hot news about Six Killed In Jersey Knife Attack from Telegraph.co.uk

The scene in Jersey where five people are dead and one is fighting for his life Photo: SKY

7:26PM BST 14 Aug 2011

Police were called to a flat at Victoria Crescent, Upper Midvale Road, St
Helier, just after 3pm amid reports of a multiple stabbing.

States of Jersey Police confirmed that six people had died.

The victims are two women, two men and two young children who are believed to
be Jersey residents but whose identities have not been disclosed.

A 30-year-old man is under arrest at the same hospital where he is also
recovering from surgery, police said in a statement tonight.

A major incident room has been set up at police headquarters in St Helier.

A number of witnesses have come forward and police are working to identify the
victims.



Forensic officers were at the scene, with uniformed officers and detectives.



Head of crime services Stewart Gull, who is leading the inquiry, said: "Clearly
this complex investigation is in its very early stages as we try to
establish exactly what happened.



"We are appealing to anyone who may have any information to contact us.



"We are mindful, too, of the impact of any such serious and tragic
incident on the local community, and we have police officers in the area to
support the investigation and local people."



Eyewitness Andre Thorpe said he arrived in Victoria Crescent in St Helier at
about 3pm this afternoon.



He said: "For Jersey it was a major incident. Two ambulances turned up
first because it was within a quarter of mile of the ambulance station.



"Then four or five police vehicles came, all blues and twos.



"They were trying to access a private house in the crescent. It was an
old Victorian terrace, a lot of them are split into flats.



"I saw police come running out with a child, it was a small child, I just
saw the legs. They went off in an ambulance.



"When the paramedic came back her shirt was covered in blood.



"We have quick response ambulance cars and two pulled up grabbed a kit
and ran inside."



Mr Thorpe also said he saw police taking a dog round various driveways.



He added that the area where the incident happened was quite secluded and not
on a main road.



He said: "You have to drive up a dead end to get in, you would not happen
to be passing. I was in the area collecting a friend's car.



"I was first aware something was happening when I saw people looking out
for the ambulances as I walked up the road."



Mr Thorpe said he believed all the victims were members of the same family.



A neighbour said she believed the family were Polish.



Jersey Hospital said that its emergency department remains open following the
incident. A further statement is expected later.

Once A Fringe Candidate, Paul Shaping 2012 Race - NPR

Latest updated news about Once A Fringe Candidate, Paul Shaping 2012 Race from NPR
DES MOINES, Iowa August 14, 2011, 05:47 pm ET

Ron Paul, once seen as a fringe candidate and a nuisance to the establishment, is shaping the 2012 Republican primary by giving voice to the party's libertarian wing and reflecting frustration with the United States' international entanglements.

The Texas congressman placed second in a key early test vote Saturday in Ames, coming within 152 votes of winning the first significant balloting of the Republican nominating contest. Rep. Michele Bachmann of Minnesota won the nonbinding Iowa straw poll, but Paul's organizational strength and a retooled focus on social issues set him up to be a serious player in the campaign.

"I believe in a very limited role for government. But the prime reason that government exists in a free society is to protect liberty, but also to protect life. And I mean all life," he told a raucous crowd on Saturday.

"You cannot have relative value for life and deal with that. We cannot play God and make those decisions. All life is precious," he said, opening his remarks with an anti-abortion appeal to the social conservatives who have great sway here in Iowa's leadoff caucuses.

Later Saturday, Paul won 4,671 votes, or roughly 28 percent of the votes from party activists who flocked to a college campus for the daylong political carnival

Paul's narrow second-place finish pushed former Minnesota Gov. Tim Pawlenty down to third, leading Pawlenty on Sunday to abandon his effort to challenge President Barack Obama next November.

Four years ago, Paul sought the GOP nomination while talking about economic policy, liberty and the Federal Reserve. Since then, the tea party has risen and seized on those issues, and some regard Paul as one of the movement's godfathers.

"The country's bankrupt, and nobody wanted to admit it. And when you're bankrupt, you can't keep spending," Paul said Thursday during a Fox News Channel debate.

He may lack the broad appeal that former Massachusetts Gov. Mitt Romney or Texas Gov. Rick Perry are claiming, but Paul's finish Saturday indicated he could compete.

Paul typically does well in such straw polls, which rely on supporters' intensity and organization. His base helped him win straw polls at June's Republican Leadership Conference in New Orleans and February's Conservative Political Action Conference in Washington, and his followers organize online to ensure strong finishes at any contest they can find.

It is part of their effort to get rid of the notion that Paul is a fringe candidate.

Paul's 2008 campaign came up far short of better organized rivals. This time, his advisers are putting together a more serious effort that taps into voters' frustrations with Washington and the fears about the economy.

His aides are working within the system instead of against it. For instance, Paul's base camp for the Iowa straw poll was at the same location Romney used in 2007. Romney won that straw poll after investing heavily from his deep pockets for the prime real estate.

Paul's campaign notes that it won more votes this year than Romney won four years ago during his first bid for the GOP nomination. This year, Romney didn't actively campaign during the straw poll; instead, he is looking at a campaign launch in New Hampshire, which hosts the first primary after Iowa's leadoff caucuses.

Still, Paul finds himself outside the bounds of traditional Republicans. His opposition to the wars in Iraq and Afghanistan defines him as a dove. His skepticism toward the Federal Reserve has spooked Wall Street. And his libertarian views on gay rights draw the ire of social conservatives.

He also tweaks Republicans on foreign policy, arguing it isn't the United States' role to police Iran's nuclear program or to enforce an embargo with Cuba.

"Iran is not Iceland, Ron," former Sen. Rick Santorum told Paul during Thursday's debate.

Paul also proves a reliable foil for Democrats.

"In previous presidential campaigns, we might have chalked extreme fringe-type candidates like Michele Bachmann and Ron Paul as an anomaly, (and) the Ames straw poll didn't mean as much," said Rep. Debbie Wasserman Schultz of Florida, chairwoman of the Democratic National Committee.

"But we're looking at the core of the Republican Party now. The heart of the Republican Party is the extreme right wing," she told CNN.

Paul, a 75-year-old doctor by training, is not backing down.

"These straw poll results, our growing poll numbers and our strong fundraising show that our message is resonating with Iowans and Americans everywhere," campaign chairman Jesse Benton said. "Our message was the same in 2007 as it is now in 2011, but this time we have quadrupled our support. That means our message is spreading, our support is surging and people are taking notice."

Susan Tompor: Dow Drops 500 Points: When Will Wild Ride End? - DetroitFree Press

Latest hot economic news about Susan Tompor: Dow Drops 500 Points: When Will Wild Ride End? from DetroitFree Press
Is the Dow telling us we're set for a second dip of the Great Recession?

The Dow Jones Industrial Average tumbled by 512.76 points, down 4.31%, to close at 11,383.68 Thursday. Market averages saw the biggest one-day drop in more than a year.

The kind of decline we're seeing is dramatic because it's not often investors watch what's roughly a 10% drop in 10 trading days.

The Dow actually has fallen about 1,340 points, or 10.53%, since July 21, when the Dow closed at 12,724.41. We've lost any gains for all of 2011.

"Right now, it's just panic. It's a freakin' free fall," said Jeffrey Saut, chief investment strategist at Raymond James in St. Petersburg, Fla.

Not all individual investors are bailing, obviously. Some are waiting it out and hoping we're near the bottom.

Everyone is wondering what happens next. The July jobs report rolls out today. Wall Street experts offer varying views as to whether we're near the bottom -- or could see another 5% drop or more from here.

Pam Stone, 52, of Plymouth said she has been watching the stock market this last week or so, like everybody else she knows. She's not selling or making big moves with her 401(k), though.

"The economy has got to turn around sooner or later," said Stone, who is a UAW lead inspector at Chrysler's Warren Stamping Plant. "You've got to have faith in something."

Some Wall Street watchers hold out the hope that over the long term, some of today's troubling issues, such as U.S. fiscal challenges and European debt troubles, will show signs of improvement as we move closer to the 2012 elections. Most say we're not heading into another Wall Street collapse like that of 2008-09, noting that automakers and others are on a stronger footing now.

"Our belief is that this looks more like the 'blow-off' at the end of a decline than the start of a new leg down," said William C. Roney III, senior vice president, division director for the Great Lakes for Raymond James in Birmingham.

"The talk of European contagion and growth fears in the U.S. are masking what has been a pretty good second-quarter earnings season," Roney said. "Equities look cheap based on forward-looking earnings."

Why has the market fallen so significantly?

"It started out with fears of a double-dip because of softening economic numbers," Saut said.

So is another U.S. recession around the corner?

Saut simply answered: "Nope."

Others agree.

"We think we're still in a soft patch, not a double-dip," said Christopher Ruth, chief market strategist for Comerica Asset Management in Birmingham.

"I don't know if we're headed for a double-dip. I would think we're heading for a period of flattish growth," said Bob Bilkie, president of Sigma Investment Counselors in Southfield. Longer term, he is optimistic about stocks.

But experts detect an overall flat feeling about where things are headed, perhaps a hangover from watching the U.S. debt-ceiling talks go down to the wire.

Ruth said some investors doubt that the federal government has much more room to stimulate the economy, given the deficit issues.

"They're kind of boxed into a corner," he said.

David Sowerby, portfolio manager for Loomis, Sayles in Bloomfield Hills, noted that the Institute for Supply Management manufacturing index has fallen so much that it indicates potential for further delay to a more meaningful rebound in jobs.

But Sowerby said the potential for improvement remains, based on stronger corporate profits and improved cash flow.

"Ultimately, that leads to stronger employment growth," Sowerby said.

How long it might take to see that stronger jobs growth, of course, is what has Wall Street -- and the country -- still on edge.

Contact Susan Tompor: 313-222-8876 or stompor@freepress.com

NYSE Merger Deal Under EU Review - Boston Globe

Hot economic news about NYSE Merger Deal Under EU Review from Boston Globe
European Union antitrust regulators opened an in-depth review yesterday of the $9 billion merger between Deutsche Boerse of Germany and NYSE Euronext, following complaints from customers and rivals that the stock exchange combination could harm competition.

The approval of the European Commission is the biggest hurdle for the deal, which would create the largest operator of equities and derivatives markets.

The regulators’ main concern is the hold that Deutsche Boerse and NYSE Euronext would have on exchange-based futures trading in Europe. In part, they are worried about the overlap between the Eurex derivatives platform, operated by Deutsche Boerse, and Liffe, a similar platform operated by NYSE Euronext.

“The proposed merger would remove a strong competitor from the market and would give the merged company by far the leading position in derivatives trading in Europe,’’ Joaquin Almunia, the European Union’s commissioner for competition policy, said in a statement. “The commission needs to make sure that markets which are at the heart of the financial sector remain competitive and efficiently deliver to users.’’

The commission said it had 90 working days, or until Dec. 13, to make a decision on whether to clear the deal. It could extend the deadline if the exchanges offer concessions that ease the regulators’ concerns.

Antitrust experts said the exchanges were probably considering appeasements that would not force them to sell parts of their combined derivatives and clearing businesses, which provide a significant source of the deal’s value.

The decision in Europe to give the merger a longer review was widely expected after Almunia described the merger as a complex case in March. Since then, some groups representing the financial services sector have warned that the combination risked being too powerful in some areas.

The tie-up “will create an exchange with a near monopoly in European exchange-traded derivatives,’’ the FIA European Principal Traders Association said in a policy paper in July. The association has Citadel Securities Europe and Knight Capital Europe among its members.

Officials from NYSE Euronext made clear that they expected a longer review in Europe.

© Copyright 2011 Globe Newspaper Company.

Grease Actress Annette Cha Cha Charles Dies, Aged 63 - Daily Mail

Hot news about Grease Actress Annette Cha Cha Charles Dies, Aged 63 from Daily Mail
By
Daily Mail Reporter

Last updated at 8:43 AM on 5th August 2011

RIP: Annette Charles passed away on Wednesday in Los Angeles

Just over two months after the death of Grease star Jeff Conaway, another cast member has passed away.

Annette Charles, who played racy dancer Cha Cha DiGregorio, died on Wednesday at her home in Los Angeles.

The brunette beauty was 63-years-old and had been suffering from cancer after being diagnosed a few months ago.
A representative for the actress confirmed to TMZ that she died from complications relating to the disease.

Cha Cha was the girl who stole Danny Zucco (John Travolta) from Sandy (Olivia Newton John) on the dancefloor during the school dance and was the on/off girlfriend of villain Craterface (Dennis Stewart).

Her 'hand jive' was one of the film's most memorable dance moves.
In the iconic film ,she was referred to as 'the best dancer at St Bernadette's... with the worst reputation'.

Before her role in Grease, Annette had a highly successful television career appearing in several long running series in the 1970s including Emergency! Barnaby Jones and The Bionic Woman.

After retiring from acting in 1978, she became a speech professor and taught at the California State University in Northridge.


Her co-star Jeff Conaway, who played Kenickie, also died tragically, aged 60, earlier this year.
He
was found unconscious in his Encino, California home on May 11 by his
girlfriend Vicki who called an ambulance and had him rushed to hospital.

'The best dancer at St Bernadettes': The actress is most famous for her role alongside John Travolta in the movie Grease

He had fallen into a coma and died on May 27 after his family chose to turn off his life support.
Conaway had been treating himself with pain pills and cold medicine while in a weakened condition, his manager Phil Brock said.

Oil Slips To Near $86 In Europe On Weak US Economy, Crude DemandOutlook - Washington Post

latest economic news about Oil slips to near $86 in Europe on weak US economy, crude demand outlook from Washington Post

By Associated Press,

Oil prices extended losses to near $86 a barrel on Friday amid fears that a slowing global economy will weaken demand for crude, but recovered from earlier lows on reports of an explosion at a pipeline in Iran.

By early afternoon in Europe, benchmark oil for September delivery was down 28 cents to $86.35 a barrel in electronic trading on the New York Mercantile Exchange. Earlier in the session, it fell as low as $82.87. On Thursday, crude tumbled $5.30 to settle at $86.63.

In London, Brent crude gained $1.20 at $108.45 per barrel on the ICE Futures exchange.

“There is high volatility and nervous trading in the oil market at the moment,” according to an energy report from Sucden Financial in London.

Oil and other commodities were dragged down by a plunge in global stock markets as traders lost confidence in U.S. economic growth. The Dow Jones industrial average sank 4.3 percent Thursday and stock markets in Asia and Europe were also sharply lower Friday.

Investors fled to lower-risk assets, such as the U.S. dollar, which exacerbated oil’s decline. Crude usually falls when the dollar gains since a stronger U.S. currency makes commodities more expensive for investors with other currencies.

Analysts, however, said reports of an explosion at an oil pipeline in Iran, the second-largest OPEC producer behind Saudi Arabia, helped prices pare losses, with the Brent contract even reversing its slide and posting gains.

“The general market sentiment has been seriously hurt following heavy losses in the global equity markets,” Sucden Financial said. “However, the explosion in the Iran’s oil pipeline today provided some support and pushed oil prices higher.”

All eyes will be on Friday’s July jobs report for evidence about the strength of the U.S. economy. Economists expect that 90,000 jobs were created in the U.S. last month, which is not enough to lower the unemployment rate, currently at 9.2 percent.

“Economic worries in the U.S. led to fears that oil demand will soften dramatically,” energy consultant Cameron Hanover said in a report. “If Friday’s jobs number is surprisingly robust or bullish, we could see assets of every stripe rally.”

Some analysts point to growing crude consumption and robust economic growth in emerging markets to suggest supply and demand fundamentals don’t justify the drop in oil prices from $100 two weeks ago.

“Commodity market participants are running the risk of being fooled by the gloomy macroeconomic environment and overlooking the bigger picture of a market that remains fundamentally well supported,” Barclays Capital said in a report.

The drop in crude — oil is down from near $115 in May — should also lower costs for products such as gasoline and help free up some consumer purchasing power.

In other Nymex trading in September contracts, heating oil gained 2.89 cents to $2.9228 a gallon while gasoline added 3.68 cents to $2.7740 a gallon. Natural gas futures slid 1.2 cents to $3.929 per 1,000 cubic feet.

___

Alex Kennedy in Singapore contributed to this report.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Of Course The Stock Market Tanked - Technorati

Latest hot news about Of Course The Stock Market Tanked from Technorati.
Yes, the unemployment numbers are bleak and yes the overseas markets are in a state of turmoil. Both of these facts have surely had a negative effect on the New York Stock Exchange.

I fear this is not the only factor. The brutal ugliness of the entire debt ceiling negotiations was nothing short of a fiasco. Investors have seemingly come to the conclusion that our leaders in Washington are worried about something entirely different than what truly matters in today's economy.

I will let you in on a little secret. Investors and big business absolutely love Democratic economic policy. Almost as much as they love Republican tax policy.

They realize that there is no historical data whatsoever to suggest that trickle down economics will create jobs. They also know there is plenty of data to suggest that Keynesian economics does work.

With the signing of the debt deal it is now apparent that we have abandoned Keynesian policy and are now taking serious austerity measures.

We are looking at trillions of dollars in spending cuts over the next two years. When you cut government spending you necessarily have to deal with job losses. Job losses further reduces demand.

Due to the constraints imposed on the administration by the debt ceiling deal, it is now seemingly impossible for government to play a role in stimulating the economy. Now we are faced with waiting and hoping that market forces will come into play.

With the lack of demand which is now further worsened by austerity measures there is virtually no incentive for corporations to invest any additional funds in the US economy. We are broke. We can not buy what they are selling.

Instability caused by the debt ceiling deal, high gas prices, fear of future hostage tactics, and many more government workers filing for unemployment are definitely on the minds of investors.

Continued on the next page