Frontpage: Monday, July 23rd
- Iraq Bombings Kill 93: Monday marked Iraq’s bloodiest day so far this year, as 93 people died from bombings and shootings. Just a few days prior, the leader of the country’s al Qaeda faction declared a new offensive in an attempt to take advantage of the disorganized Baghdad government U.S. troops are leaving behind. Monday’s violence suggests al Qaeda is much more powerful than U.S. and Iraqi officials admit.
- Holmes Dazed in Court: James Holmes, the sole suspect in the Colorado movie-theater shooting, sat silent and seemingly dazed in his first court appearance Monday. Investigators say Holmes is not cooperating with them, and when they searched his apartment Sunday, they found several Batman-related items, including a poster for the movie and a Batman mask.
- Penn State Fined $60M: Penn State will be fined $60 million—one year’s worth of revenue from the football team—which will go towards foundations to help victims and the prevention of sexual abuse, the NCAA announced today. Its football team will also be banned from bowl games and any other postseason games for the next four years and the number of scholarships provided for Penn State athletes will be reduced from 25 to 15 for the next four years.
- Arab League Offers Assad ‘Safe Exit’: In an effort to end the violence that has raged across Syria for over a year, the Arab League’s secretary-general offered Bashar al-Assad, the country’s president, a “safe exit” if he steps down. The organization also offered $100 million for Syrian refugees who’ve had to flee to other countries. This isn’t the first such offer the despotic president has received.
- Euro Drops to 11-Year Low: The euro reached its lowest level since 2000 Monday, making it 1 percent against the yen. The slip seems motivated by fear of an impending bailout for Spain.
Photo via picturedept:
Photo of the Day: July 22, 2012
Penn State employees covered the Joe Paterno statue outside Beaver Stadium before removing it on Sunday.
Photo: Christopher Weddle, Centre Daily Times / Getty Images



![Frontpage: Tuesday, July 10th
Annan: Iran Part of Syrian Solution: Following talks with the Iranian foreign minister, U.N. envoy to Syria Kofi Annan argued, in a press conference Tuesday, that Iran should be “part of the solution” to Syrian turmoil. “My presence here [in Tehran] proves that I believe Iran can play a positive role,” he said.
Not All Dems Stand With Obama: Yesterday President Obama called on Congress to renew Bush-era tax cuts for just one year for Americans making under $250,000. He was expecting trouble from Republicans eager to keep the tax cuts for wealthiest Americans around forever, but he’s also getting some push-back from his own party. Embattled members of both the House and Senate, such as Sen. Claire McCaskill from Missouri, Senate hopeful Heidi Heitkamp of North Dakota, and Rep. Shelley Berkley of Nevada, say they’d either prefer to raise taxes on people making over $1 million per year, or permanently extend the Bush-era cuts for anyone making less than that.
Diamond Gives Up $31M in Bonuses: Former-CEO Robert Diamond is giving up $31 million in deferred bonuses. New insight into the Barclays Libor scandal reveals that the Federal Reserve Bank of New York may have known that the British bank was manipulating global interest rates as early as August of 2007. In 2008 the Fed even offered up some suggestions to British authorities on how to fix the system.
Ex-Israeli P.M. Cleared of Corruption: After three years as prime minister of Israel, Ehud Olmert resigned in 2008 amid a high-profile corruption scandal. Now Olmert has been cleared on two charges of corruption. He was convicted on a third, less drastic charge—of breach of trust—which he’s expected to appeal.
Egyptian Parliament Meets in Cairo: Legislators gathered in Cairo Tuesday for a meeting of Egypt’s now-dissolved Parliament, despite opposition from the senior military generals and high-court judges. During the short meeting, lawmakers approved a proposal by the speaker—a member of the Muslim Brotherhood—to appeal an earlier ruling that reviving the defunct Parliament went outside the law.
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Photo via picturedept:
Photo of the Day: July 9, 2012
Potocari, Bosnia and Herzegovina. A Bosnian Muslim man prays near coffins prepared for a mass burial at the Memorial Centeron July 9, 2012. The bodies of 520 recently identified victims of the Srebrenica massacre will be buried on July 11, the anniversary of the massacre when Bosnian Serb forces commanded by Ratko Mladic slaughtered 8,000 Muslim men and boys and buried them in mass graves, in Europe’s worst massacre since World War Two.
photo: Dada Ruvic, Reuters / Landov
PHOTO OF THE DAY ARCHIVE](http://25.media.tumblr.com/tumblr_m6wxawzNJY1rubv0yo1_500.jpg)









