London Riots Rage On For Third Day
Violence and looting spread across some of London's most impoverished neighborhoods on Monday, with youths setting fire to shops and vehicles, during a third day of rioting in the city that will host next summer's Olympic Games.
Skirmishes broke out between police and groups of youths across Britain's capital, and also spread to the nation's central city of Birmingham – where police said dozens of people were involved in damaging shops across the city center.
In the Hackney area of east London and districts in the city's south, vehicles and buildings were set ablaze as authorities struggled to halt groups of rampaging young people.
Hundreds of youths attacked shops and set fire to cars in Hackney, while police in riot gear were pelted with fireworks, bottles and lumps of wood.
Thick smoke billowed from a high street in the Peckham district of south London, where a building was set ablaze along with a bus – which was not carrying passengers. In nearby Lewisham, lines of cars were torched.
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Dow Jones Industrial Average Closes Down More Than 630 Points, Sixth-Worst Point Loss Ever
Stocks plunged Monday as anxiety overtook investors on the first trading day since Standard & Poor's downgraded American debt.
The Dow Jones industrials fell 634.76 points. It was the sixth worst point decline for the Dow in the last 112 years and the worst one-day drop since December 2008. Every stock in the Standard & Poor's 500 index declined Monday.
Investors worried about the slowing U.S. economy, escalating debt problems threatening Europe and the prospect that fear in the markets would reinforce itself, as it did during the financial crisis in the fall of 2008.
"'What's rocking the market is a growth scare," said Kathleen Gaffney, co-manager of the $20 billion Loomis Sayles bond fund. "The market is under a lot of stress that really has little to do with the downgrade." Instead, Gaffney said, investors are focused on "how Europe and the U.S. are going to work their way out of a high debt burden" if economic growth remains slow.
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Ohio Shooting: 8 Killed In Rampage, Gunman Among Dead
A northeast Ohio man ran through his small town neighborhood Sunday shooting eight people, including his girlfriend and her brother, before he was shot and killed in an exchange of gunfire with police, authorities said.
Eight people, including the gunman, were killed. Witnesses told reporters at least one of the victims was a child.
Police did not have a motive and did not release the names or ages of the gunman or the victims but provided a chronology of the shootings that began around 11 a.m. in a middle-class neighborhood of Copley, a town of about 14,000 west of Akron.
"A person running through the neighborhood and firing a gun" prompted calls to police, Copley Police Department said in a news release late Sunday. At a home, the gunman shot his girlfriend, ran to a home next door and shot her brother and four others, then chased two people through some yards and shot one of them, police said.
He went into a third home and shot another person before leaving and exchanging gunfire with a police officer and a former police officer.
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