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 September 5, 2011 Afternoon Update |
 TOP NEWSReluctantly, Europe Inches Closer to a Fiscal UnionBy LOUISE STORY AND MATTHEW SALTMARSHWhile many of the ideas have yet to hit official agendas, officials say there has been a substantial step-up in planning for a closer European fiscal relationship. Global Stocks Post Steep DeclinesBy DAVID JOLLY AND BETTINA WASSENERInvestors continue to fret about Europe's ability to respond to its debt crisis and the health of the U.S. economy. Libyans Turn Wrath on Dark-Skinned MigrantsBy DAVID D. KIRKPATRICKLibyan rebels have imprisoned hundreds of migrants from sub-Saharan Africa, accusing them of being mercenaries for Col. Muammar el-Qaddafi.
As Police Clash With Families, Mubarak Returns to CourtBy DAVID D. KIRKPATRICK and HEBA AFIFYAs crowds and police clashed outside a makeshift courtroom, prosecutors trying former President Hosni Mubarak began Monday to lay out their case against him. Obama Challenges Congress in Labor Day SpeechBy THE ASSOCIATED PRESS"We're going to see if congressional Republicans will put country before party," President Obama said in a boisterous A.F.L.-C.I.O. rally in Detroit on Monday. |
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BUSINESSEuro Zone Leaders Get Warning From Central BankersBy LIZ ALDERMAN AND JAMES KANTERThe heads of the European Central Bank warned that politicians are not moving quickly enough to keep the debt crisis from worsening. A Debate Arises on Job Creation and EnvironmentBy MOTOKO RICH and JOHN BRODEREconomists say regulations must be judged by economic and social factors as well as environmental priorities. Postal Service Is Nearing Default as Losses MountBy STEVEN GREENHOUSEThe agency is so low on cash that it will not be able to make a $5.5 billion payment due this month and may have to shut down entirely this winter unless Congress acts to stabilize its finances. China Aims to Rein In Car SalesBy KEITH BRADSHERGovernment officials called for the country's automakers to shift away from making more cars and toward producing more fuel-efficient and technologically advanced ones. In California, Amazon Pushes Hard to Kill a TaxBy DAVID STREITFELDTo avoid paying tens of millions of dollars, Amazon.com is seeking a voter referendum on whether online retailers should pay sales taxes. |
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