Monday, June 29, 2015

SnP ratings agency downgrades Greece to CCC-

Standard & Poor's rating agency has cut Greece's credit grade by one notch as capital controls take effect across the country.

The measures were put in place ahead of a referendum next week to determine whether Greece will accept another bailout and to stop depositors from draining Greek banks.

Our Europe correspondent Sandra Gathmann reports.

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White House says no federal bailout for Puerto Rico

The White House says there will not be any sort of federal bailout program for its territory Puerto Rico, after the island's governor announced it cannot pay some $72 billion in municipal debts.

White House Spokesperson Josh Earnest said, however, that the US Treasury Department is working with Puerto Rican officials to help them manage the looming financial crisis.

He also said the White House is asking Congress to review whether the commonwealth should be allowed to qualify for what's called "Chapter Nine" status- a designation Puerto Rico could use to declare federal bankruptcy, currently only available to official US states.

White House Spokesperson Josh Earnest said Puerto Rico will not receive a federal bailout.

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WH: Iran nuclear talks expected to run past Tuesday deadline


The White House says talks in Vienna over the Iran nuclear deal are likely to extend beyond the Tuesday deadline.

The US, UK, France, Russia, China and Germany - are entering the final stages for a nuclear agreement with Iran in Vienna.

World powers want a deal that will restrict Iran's nuclear activity, while the Islamic Republic is hoping crippling western sanctions will be lifted.

In Washington Kevin McAleese reports...

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Obama and Brazil's Rousseff plan to move past spy scandal in WH talks

U.S. President Barack Obama and Brazilian leader Dilma Rousseff are kicking off two days of talks in Washington.

Relations have thawed recently following two years of tetchiness between the two countries- mainly over revelations Brazil was targeted by American spy programs.

Nina-Maria Potts reports:

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US Supreme Court upholds lethal injection

The U.S. Supreme Court ruled 5-4 in favor of lethal injection as a method of carrying out the death penalty despite the problems American states are having in obtaining certain drugs for the lethal drug cocktail.

Court watchers are noting that the dissent is nearly as important as the majority opinion, with Justice Breyer writing that he thinks it is highly likely that the death penalty violates the the eighth amendement to the U.S. Constitution, banned cruel and unusual punishment.

Danielle Fulfs of the Washington State Campaign to end the Death Penalty say, the biggest problem is that the death penalty is imposed in an arbitrary way in the U.S.

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Controversial execution drug ruled legal by US Supreme Court

The US Supreme Court has ruled that a drug used to execute prisoners is legal under the Constitution.
Three prisoners on death row in Oklahoma argued the drug constituted cruel and unusual punishment, but as John Clarke reports from Washington, the court has narrowly upheld the right of the state to use it.

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UK PM: "We will not cower in the face of terrorism"

The British Prime Minister David Cameron says the UK will not "cower in the face of terrorism" - following the murder of 38 people at a Tunisian beach resort...

18 of those killed have been confirmed as British nationals - although that number is expected to rise to at least 30.

A minutes silence will be held in the UK at noon on Friday, and Mr Cameron also announced a memorial will be established to remember those who died.

Addressing the House of Commons, the Prime Minister says the threat of further attacks remains...

IN:  Here in the UK...
OUT: ...of terrorism (cheers)
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http://www.fsnradionews.com/feeds/0629tunisia-cameron-1.mp3
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Russia pledges fresh support for Syria's Assad

Syria's Foreign Minister Walid al-Muallem says that Russia has promised economic, political and military aid to President Bashar al-Assad's government there.


The announcement came on a visit by Mr al-Muallen to Moscow, which has hosted several Syrian meetings in the past year, but without the presence of the main, exiled, Syrian opposition.


Russian Foreign Minister Sergei Lavrov says that the international community should not impose anything on Syria in the search for an end to the country's four and a half year old civil war.



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Russian Foreign Minister Sergei Lavrov says that Moscow will continue to send aid to President Bashar al-Assad's forces.



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http://www.fsnradionews.com/feeds/0629lav2.mp3

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Russia pledges fresh support for Syria's Assad

Syria's Foreign Minister Walid al-Muallem says that Russia has promised economic, political and military aid to President Bashar al-Assad's government there.


The announcement came on a visit by Mr al-Muallen to Moscow, which has hosted several Syrian meetings in the past year, but without the presence of the main, exiled, Syrian opposition.


Russian Foreign Minister Sergei Lavrov says that the international community should not impose anything on Syria in the search for an end to the country's four and a half year old civil war.



IN: The task of….

OUT: understanding among themselves….

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http://www.fsnradionews.com/feeds/0609lav.mp3



Russian Foreign Minister Sergei Lavrov says that Moscow will continue to send aid to President Bashar al-Assad's forces.



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Top US Senator vows fresh push for gun control

One of America's most powerful Senators is vowing to try and tighten the country's gun control laws.


Senator Charles Schumer, a Democrat from New York, says the mass shooting that claimed 9 lives during a bible study class in South Carolina earlier this month should serve as a "wake-up call" for the country.


He says he'll propose legislation to tighten national standards aimed at preventing guns from falling into the hands of the mentally ill.


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OUT:  "….mental infirmities"

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http://www.fsnradionews.com/feeds/0629guns-schumer.mp3


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US Treasury bonds rally, but hedge funds quake over "Grexit"

Amid growing fears that Greece is destined to leave the Euro zone, there's been strong demand on Wall Street for US Treasury bonds.

But as Simon Marks reports from New York, many American traders are now deeply worried about the prospects of European economic instability.

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US territory Puerto Rico can't pay its debts

The Governor of Puerto Rico, an American territory, says it cannot pay $72 billion in municipal debts.

The admission has many company this looming fiscal crisis to the Greek fiscal crisis.

Our U.S. correspondent Priscilla Huff reports:

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EU Commission President says Greek referendum will be about staying in the Euro

European Commission President Jean Claude Juncker says Sunday's referendum in Greece on whether to accept a eurozone bailout offer, will determine whether Greece stays in the euro. 

In a press address in Brussels, Mr. Juncker had harsh words for Greece saying he was disappointed with the Greek government's decision to call a snap referendum after working hard to organize a deal for Greece but that he would respect the democratic process.

Mr. Juncker said the Greek people have not been well informed about the creditors' proposal, which they vote on next week, but urged them to vote 'yes'.

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Mr. Juncker went on to encourage the Greek public to vote "yes" to the Eurozone's proposal, and denied accusation it was presented as ultimatum.

IN: "There has never been..."
OUT: "...to be done."
DUR: 36 sec

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UK Home Sec lays flowers at Tunisia attack site

The UK government has confirmed 18 British nationals are now known to have died in the Tunisia attack - but say that number will rise...

It's thought around 30 of the 38 killed in the holiday resort of Sousse are from the UK.

A gunman, understood to be acting for Islamic State, opened fire on the beach on Friday.

The Home Secretary Theresa May has laid flowers at the site of the attack - and condemned the act of brutality...

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The Home Secretary Theresa May has laid flowers at the site of the attack - and has paid tribute to those involved...

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The Home Secretary Theresa May has laid flowers at the site of the attack - and has met with her government counterparts in Tunisia...

IN: We have had...
OUT: ...and destruction. 
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The Home Secretary Theresa May has laid flowers at the site of the attack - and says the UK will stand united against terrorism...

IN: We are very...
OUT: ...our values. 
DUR: 13"

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EU Commission says capital controls are legal in Greece situation

The European Commission has denied accusations by the Greece government that an enforcement of capital controls in Greece is illegal.

The Greek government says it's had no choice but to shut Greek banks and the Athens Stock Exchange ahead of a referendum to accept or reject the eurozone's conditions for a financial rescue deal Greece desperately needs.

Taylor Esler reports.

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At least 30 Britons killed in Tunisia terror attack


It's believed 30 British tourists were killed in the Tunisia terror attack, that took place on a beach in the tourist resort of Sousse on Friday.


The British Prime Minister is holding another Cobra emergency committee meeting today, on how best to combat the terrorist threat from the  Islamic State.


Our UK Correspondent Natalie Powell reports…


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UK launch biggest terror investigation over Tunisia since 7/7 bombings

Authorities in Tunisia say the gunman who killed 38 people at a beach resort was likely to have had help in carrying out the attack...

A spokesman from the country's Interior Ministry told Reuters they were "sure" that Seifeddine Rezgui was assisted.

At least 30 of the 38 killed were British, and the UK's MET Police have started a major terror investigation, including the deployment of officers and forensic teams to Tunisia. 

MET Police Assistant Commissioner Mark Rowley explains why there has been a delay in identifying bodies...

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Ukraine could suspend debt payments almost immediately if talks with creditors fail

Ukraine could suspend its debt payments and be forced into a fully fledged default within days if no solution is reached at a meeting with creditors.


Ukraine is facing a $15.3 billion funding gap that worsened after Russia's annexation of Crimea and backing for militants in eastern Ukraine.


Tom Barton reports.



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New York prison escapee caught

The second of two convicted murderers who escaped a maximum security
prison earlier this month has been captured.

David Sweat was apprehended by law enforcement authorities near the
Canadian border Sunday afternoon, three weeks after a sensational
prison break.

His capture comes two days after fellow escapee Richard Matt was shot
and killed.

Liling Tan reports from New York.

http://www.fsnradionews.com/feeds/0628-davidsweat.mp3


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Sunday, June 28, 2015

Capital controls take effect in Greece

Greece is waking up to a closed stock exchange and banking system after a move by the Greek government to curb capital flight - all ahead of a referendum next week on whether to accept another financial bailout.

The European Central Banks says it will continue to provide emergency liquidity to Greek lenders as the standoff between Athens and international creditors deepens.

Our Europe correspondent Sandra Gathmann reports.

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