US Stocks Slide Amid Credit Fears

Major US stock markets closed down after confidence in the banking sector was dented further by the resignation of Citigroup's chief executive. Markets in Europe and Asia had also seen falls in reaction to Charles Prince's exit, the second departures of a leading banking boss within days. What's going on? Not only that but stock markets in London, Paris and Frankfurt all declined on Monday, as well. Shares at Citigroup also fell 4.85% to $35.90 in New York trade on Monday. Part of the problem is worries over banks' exposure to US sub-prime related debts which has been causing market instability for several months. I don't know a lot about stocks but I think the Dow is seriously inflated and it wouldn't surprise me for it to take a big fall. Like they say, you better not keep all your eggs in one basket.

New York Marathon Winner

Britain's Paula Radcliffe held off Gete Wami in a thrilling sprint finish to win her second New York Marathon. Isn't that terrific? I couldn't make it a mile in any marathon and this gal ran the New York Marathon and broke the tape in 2 hrs 23 min and9 sec. She said she had years of Gete outprinting her and she wasn't going to let it happen again. Good for her. She tried hard and she won!!

Blog Comments

I have gotten so many wonderful comments on my blogs for their content, up-to-date news around the world, sometimes sports, sometimes family. They seem to enjoy the shorter posts as everyone is in a hurry today to absorb as much as they can in as little time as possible. I really appreciate all my readers. thank you so much.

King Tut's Face Unveiled to the World

The face of Egypt's most famous ancient ruler, King Tutankhamun, has been put on public display for the first time. Archaelogists took the mummy from its stone sarcophagus and placed it in a climate controlled case inside his tomb in Luxor's Valley of the Kings. The event comes 85 years to the day after the pharaoh's tomb was discovered by British explorer Howard Carter. Until now, only 50 living people have seen the face of the boy king, who died more than 3,000 years ago. As experts lifted him from his coffin, they briefly set aside the white linen covering his remains, revealing a shrivelled black face and body.

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This blog post is based on information provided by Blogitive.

Iran Faces New Sanctions Threat

Six world powers have agreed to draft a third resolution for sanctions against Iran over its nuclear program. The UN Security Council will vote on the draft if UN and EU reports say Tehran's program is continuing. Officials from the US, Russia, China, France, Britain and Germany will meet on Nov 19 to assess the reports.

US Secretary of State Subpoenaed

Two pro-Israel lobbyists are accused of passing classified information to government officials and journalists in Israel. A federal judge has ordered US Secretary of State Condoleezza Rice and other senior colleagues to testify at their trial. Her court appearance could shed light on American policy making in the Middle East. The lobbyists say they were regularly asked by the US government to give information to the Israelis. They are accused of passing secrets obtained from a since convicted Pentagon official to government officials and media outlets in Israel.