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4:11pm

Tue August 9, 2011
It's All Politics

Report: Reid Picks Kerry, Murray And Baucus For Deficit Super Panel

Originally published on Tue August 9, 2011 3:45 pm

Sen. Harry Reid has made his picks for the deficit super committee whose task it is to recommend with $1.5 trillion in federal spending cuts over 10 years — Senators John Kerry of Massachusetts, Patty Murray of Washington State and Max Baucus of Montana.

Several news outlets reported Tuesday afternoon that they learned the names from Democratic sources. The committee will have 12 members, three more named by Sen. Mitch McConnell, the Senate minority leader, and six named by House Republicans and Democrats.

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4:03pm

Tue August 9, 2011
Europe

In Turkey, Proposed Internet Filters Stir Protests

U.S. Secretary of State Hillary Clinton answers on CNN-Turk, July 16, 2011. Clinton said that the United States was "concerned" about media freedom and free speech in Turkey amid the arrest of dozens of journalists and restrictions on the Internet.
Saul Loeb AFP/Getty Images

Faced with criticism at home and abroad, Turkey has decided to delay new Internet restrictions that were due to take effect this month. The government also has reduced the number of filters, which it says will target adult content.

Critics call the filters another blow to freedom of expression. Scores of Turkish journalists are already in jail, and thousands more are under investigation. The issue is clouding Turkey's reputation as a model for the region.

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3:53pm

Tue August 9, 2011
The Two-Way

In U.S. Stock Market Rally, Apple Briefly Supplanted Exxon Mobil

A trader at the New York Stock Exchange watches a monitor moments before the Federal Reserve announced it would keep interest rates low through at least 2013. The news reassured investors and helped sustain a rally.
Mario Tama Getty Images

For evidence of the volatile swings of Tuesday's stock market, consider that for a bit, Apple became the most valuable American company, surpassing Exxon Mobil. The day's trading spanned 600 points, as investors rallied from two days of steep declines and digested new guidance from the Federal Reserve.

The S&P 500 index of large-cap U.S. companies saw its largest gain in two years, rising by nearly 5 percent. Just the day before, it had fallen by 6.7 percent.

For Newscast, Yuki Noguchi filed this report:

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3:29pm

Tue August 9, 2011
Europe

Britain Braces For More Violence As Unrest Spreads

Originally published on Wed May 23, 2012 9:34 am

Firemen hosed down an area of Clapham, South London, on Tuesday after another night of violence left trails of looted stores, wrecked cars and burned buildings across London and several other cities.
Elizabeth Dalziel AP

Thousands more police officers flooded London streets Tuesday in a bid to end Britain's worst rioting in a generation as nervous shopkeepers closed early and some residents stood guard to protect their neighborhoods. An eerie calm prevailed in the city, but unrest spread across central and northern England on a fourth night of violence driven by poor, diverse and brazen crowds of young people.

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3:20pm

Tue August 9, 2011
Europe

Italians Bristle At The Price Of Financial Help

Italian Premier Silvio Berlusconi, right, and Finance minister Giulio Tremonti at a new conference in Rome on Aug. 5. The European Central Bank has agreed to help Italy with its debt crisis, but is demanding tough austerity measures.
Andrew Medichini AP

This week, Italy became the front-line in the battle to save the euro.

But it isn't the Italians taking the lead. With indecision in Rome, the European Central Bank took the unprecedented move of dictating budget-cutting policies to the third largest economy in the euro-zone.

Prime Minister Silvio Berlusconi will now have to accelerate tough austerity measures in exchange for help to solve the country's debt crisis.

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