Click for St. Louis, Missouri Forecast

// a href = ./ // St Louis News, Weather, Sports, The Big 550 AM, St Louis Traffic, Breaking News in St Louis

 
 
 
Susan Smith-Harmon

Susan Smith-Harmon

Relief around world as US avoids debt default

Thursday, 17 October 2013 01:13 Published in National News

   BEIJING (AP) — The International Monetary Fund appealed Thursday to Washington for more stable management of the nation's finances as Asian stock markets rose after U.S. leaders agreed to avoid a default and end a 16-day government shutdown.

   With only hours to spare until the $16.7 trillion debt limit was reached, Congress passed and sent a waiting President Barack Obama legislation late Wednesday night to allow more borrowing and reopen government agencies.

   "World heaves sigh of relief as U.S. barely averts debt default," said the Times of India newspaper in a headline.

   IMF managing director Christine Lagarde welcomed the deal but said the shaky American economy needs more stable long-term finances. The deal only permits the Treasury to borrow normally through Feb. 7 and fund the government through Jan. 15.

   "It will be essential to reduce uncertainty surrounding the conduct of fiscal policy by raising the debt limit in a more durable manner," Lagarde said in a statement.

   The Tokyo stock market, the region's heavyweight, gained as much as 1.1 percent. Markets in China, Hong Kong and South Korea also rebounded from losses.

   China and Japan, which each own more than $1 trillion of Treasury securities, appealed earlier to Washington for a quick settlement. There was no indication whether either government had altered its debt holdings.

   China's official Xinhua News Agency had accused Washington of jeopardizing other countries' dollar-denominated assets. It called for "building a de-Americanized world," though analysts say global financial markets have few alternatives to the dollar and U.S. government debt for trading and holding currency reserves.

   Asian companies and investors had expressed confidence the United States would avoid a default. But had sold Treasurys to avoid possible losses if Washington delayed repayment. Others put off buying stocks that might be exposed to a U.S. downturn.

Forest Park stable again home to mounted patrols, horses

Thursday, 17 October 2013 00:47 Published in Local News

   The St. Louis Police mounted patrol horses are back in Forest Park full time.  

   The horses had moved out of their stables at the park after lead paint contamination became an issue in 2009.  Since then, the horses were kept at a private farm, makeshift stables at other parks and recreation buildings according to a report in the St. Louis Post-Dispatch.  

   But a million-dollars in donations to Forest Park Forever made repairs at the old stables possible.  The stable is now home to the unit's four horses and to two park ranger horses. 

Colorado shooting lawyers tussle over sanity evidence

Wednesday, 16 October 2013 23:51 Published in National News

   CENTENNIAL, Colo. (AP) — Prosecutors and defense attorneys in the Colorado theater shooting case are battling over what evidence can be admitted during James Holmes' murder trial — all in an attempt to build up or tear down the case that he was insane.

   On Thursday, they are scheduled to argue over statements Holmes made to police after he was arrested after the July 2012 shootings and taken to a police station.

   On Wednesday, they sparred over evidence seized from Holmes' car and computers. That included signs that one computer was allegedly used for an Internet search on the words "rational insanity," and photos on his cellphone of himself holding firearms.

   "The issue is, was he sane or insane at the time," said Karen Steinhauser, a former prosecutor now in private practice.

   Holmes pleaded not guilty by reason of insanity to more than 160 counts of murder and attempted murder. His attorneys have acknowledged he was the shooter in the massacre, which killed 12 people and injured 70 at a suburban Denver theater, but they say he was in the midst of a psychotic episode at the time.

   Prosecutors are seeking the death penalty, and to have Holmes executed, Colorado law requires that they first convince the jury that Holmes was legally sane — that he knew the shootings were wrong.

   The defense has been fighting to exclude any evidence that prosecutors might use to make that point, such as researching definitions of insanity or planning the attack.

   On Wednesday, Holmes' lawyers argued the evidence from his car should be thrown out because police didn't get a warrant before searching it. They said evidence from the computers should be tossed because a search warrant was overly broad.

   Prosecutors said police had no time to seek a warrant to search the car because they feared it might contain explosives or hazardous material that threatened officers and the public. They introduced a photo showing the location of Holmes' car outside the Aurora theater and called law-enforcement officers to testify to the potential threat.

   Holmes' trial is scheduled to start in February.

Latest News

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
Prev Next
MO House panel OKs student transfer bill

MO House panel OKs student transfer bill

   JEFFERSON CITY, Mo. (AP) - A Missouri House committee has advanced legislation revising a law requiring unaccredited school districts to pay the costs when students...

Spending bill signed by Nixon includes $2M for Normandy School Dist.

Spending bill signed by Nixon includes $2M for Normandy…

   JEFFERSON CITY, Mo. (AP) - Missouri Governor Jay Nixon has signed a mid-year spending bill with funding for social services, education and a financially troubled St...

UPDATE: Missing So. County teen home safe

UPDATE: Missing So. County teen home safe

   A South County teen who had been the subject of an Endangered Person Advisory is home safe.      St. Louis County Police had issued the advisory ...

Railroad work delays drivers in Kirkwood

Railroad work delays drivers in Kirkwood

   Drivers on Kirkwood Road are used to waiting for the train, but that wait is a little longer today.      Union Pacific crews are making a critica...

GOP lawmakers introduce term limits bill

GOP lawmakers introduce term limits bill

   SPRINGFIELD, Ill. (AP) - Illinois Republican leaders have introduced a proposal that would force statewide officers to serve a two-term limit.    Sena...

Kane leads Blackhawks past Blues, 4-3 in OT

Kane leads Blackhawks past Blues, 4-3 in OT

   CHICAGO (AP) - Patrick Kane scored his second goal of the game at 11:17 of overtime, and the Chicago Blackhawks beat the St. Louis Blues 4-3 on Wednesday night to e...

SLFD battles two-alarm home fire

SLFD battles two-alarm home fire

   Fire fighters are working to keep a two-alarm fire in north St. Louis from spreading to adjacent homes.      The blaze broke out in 5000 block of...

UPDATE: 3 American doctors killed by Afghan hospital guard

UPDATE: 3 American doctors killed by Afghan hospital gu…

   KABUL, Afghanistan (AP) — Police in Afghanistan say a security guard has opened fire in a Kabul hospital, killing three foreigners and wounding one other person. ...

© 2013 KTRS All Rights Reserved