Monday, June 18, 2012

Daily Update for June 18th

1. Pro-Bailout Party Emerges Victorious In Greece
The conservative New Democracy party won a narrow parliamentary election in Greece on Sunday as international markets breathed a momentary sigh of relief. The party has been supportive of a accepting a bailout and remaining within the euro zone, avoiding the economic chaos and calamity that abandoning the euro currency would surely cause.
Read more on nytimes.com

2. Military Makes Power Grab In Egypt
The Supreme Council of Armed Forces in Egypt has issued a new ruling prohibiting general elections until a permanent constitution is approved, giving itself legislative control over the country. Meanwhile, the Muslim Brotherhood appears to have won Sunday's presidential election with its candidate, Mohammed Mursi, holding a 52%-48% lead over former prime minister Ahmed Shafiq. The military's declaration essentially nullifies the election, and is being portrayed by many in the media as an outright coup.
Read more on bbc.co.uk

3. Rodney King, Symbol Of American Race Relations, Dies
Rodney King was found dead at the bottom of his swimming pool early on Sunday morning. He was 47 years old. King became a lightning rod in the discussion of American race relations and police brutality when he was beaten by four Los Angeles police officers in full view of a nearby camera in 1991. The city of Los Angeles rioted for several days after the officers were acquitted, prompting King to emerge and famously ask, "Can we all get along?"
Read more on hosted.ap.org

Photo of the Day: Thousands marched down 5th Avenue in silent protest on Sunday drawing attention to stop and frisk tactics utilized by the police as a means to find and remove fire arms from NYC streets. The program overwhelmingly targets minorities and leads to thousands of arrests for minor violations. Mayor Bloomberg and Police Commissioner Kelly have defended the program.
Credit: Rick Maiman/Polaris/Newscom

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