1. Taliban Takes Hostages At Afghan Resort
At least 16 people were killed when seven Taliban militants overtook a popular lakeside resort in Afghanistan and held guests hostage for 11 hours on Friday. All seven hostage takers were killed after Afghan security forces fought their way into the compound. The Taliban was quick to claim responsibility for the attack, saying that the resort allowed alcohol consumption, dancing, and prostitution. "These acts are illegal and strictly prohibited in Islam," a Taliban spokesman told the press.
Read more on nytimes.com
2. Moody's Downgrades 15 Major Banks
In a long expected move, Moody's Investors Service downgraded the debt ratings of 15 major banks on Thursday afternoon, including Bank of America, Citigroup, Goldman Sachs, JP Morgan and Morgan Stanley. The downgrades reflect the skepticism the global markets have about the ability of the banks to withstand an economic downturn and will make it more difficult for them to raise capital.
Read more on cnbc.com
3. Sandusky's Son Says He Is Also A Victim
Matt Sandusky, one of six adopted children of former Penn State assistant football coach Jerry Sandusky, came forward on Thursday to claim that he was sexually abused by his father. The shocking revelation came just one day after a jury began deliberating the fate of his father, who already stands accused of sexually abusing ten other victims. The new accusations could lead to additional charges being filed against Sandusky.
Read more on cnn.com
At least 16 people were killed when seven Taliban militants overtook a popular lakeside resort in Afghanistan and held guests hostage for 11 hours on Friday. All seven hostage takers were killed after Afghan security forces fought their way into the compound. The Taliban was quick to claim responsibility for the attack, saying that the resort allowed alcohol consumption, dancing, and prostitution. "These acts are illegal and strictly prohibited in Islam," a Taliban spokesman told the press.
Read more on nytimes.com
2. Moody's Downgrades 15 Major Banks
In a long expected move, Moody's Investors Service downgraded the debt ratings of 15 major banks on Thursday afternoon, including Bank of America, Citigroup, Goldman Sachs, JP Morgan and Morgan Stanley. The downgrades reflect the skepticism the global markets have about the ability of the banks to withstand an economic downturn and will make it more difficult for them to raise capital.
Read more on cnbc.com
3. Sandusky's Son Says He Is Also A Victim
Matt Sandusky, one of six adopted children of former Penn State assistant football coach Jerry Sandusky, came forward on Thursday to claim that he was sexually abused by his father. The shocking revelation came just one day after a jury began deliberating the fate of his father, who already stands accused of sexually abusing ten other victims. The new accusations could lead to additional charges being filed against Sandusky.
Read more on cnn.com
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| Photo of the Day: Local farmers herding a flock of 5,000 ducks in Taizhou, China earlier this week. Credit: China Daily/Reuters/Newscom |
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