Rating the Raters: Standard & Poor's, whose unprecedented downgrade of U.S. debt triggered a worldwide stocks sell-off, is pushing back against a U.S. Securities and Exchange Commission proposal that would require credit raters to disclose "significant errors" in how they calculate their ratings, Reuters reports.
Anarchy in the UK: Prime Minister David Cameron on Wednesday said “nothing is off the table” to regain control of British streets--telling the nation that rubber bullets had been authorized and water cannons were on standby after violence and looting hit Manchester, Birmingham and other British cities, the Washington Post reports.
Wisconsin Recall: Two Republican state senators lost their seats in recall elections around Wisconsin on Tuesday, but Republicans maintained their control of the State Senate, ultimately handing a defeat to union groups and Democrats who had spent months and millions of dollars trying to wrestle away at least some of the state’s political power, The New York Times reports.
iSuit: Apple Inc. in connection with last year’s introduction of the iPad, colluded with News Corp’s HarperCollins Publishers unit and four other publishers to fix prices of electronic books, according to a lawsuit filed yesterday in federal court in Oakland, Calif., Bloomberg reports.
Rambling Man: Barry Bonds’ lawyers are urging a federal judge to overturn his obstruction of justice conviction, on the grounds that truthful rambling is not an offense, The Wall Street Journal reports.
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