Sir. a reminder on our political coverage. new ads or breaking news for the campaign trail. you can check out our web site 24/7. foxnews.com/politics for all the latest. check it out. major developments on the economic front after weeks of watching the financial crisis flaij the country of greece, new worries about debt troubles gripping italy, as that country sees its borrowing rates soar to the highest level. it could affect our economy on your bottom line. peter barnes is live in washington. italy s debt is more than $2 trillion, five times that of greece. and italy s cost to borrow from investors hit 6.7% for its 10-year bond compared to 2% for u.s.10-year bond. all of this is triggering a lot of talk that italy will need a
Gary schultz. both maintained their innocence but agreed to resign. legendary penn state football coach, joe paterno issued this statement. he called the charges shocking. saying he grieves for the victims and their families. we ll get a live report from harris berg on this developing story harrisburg a little later in the hour. good morning to you on this monday. some major developments on the economic front. hello, i m jon scott. a lot of news to get to today. great to be with you john. i m jenna lee. fallout over the financial crisis overseas amidst fears of the new debt troubles. but you can see the markets are keeping a close eye on the action. down about 47 points. 45 points on the dow, jon. jon: in the meantime greece is still the scene of violent protests crippling strikes and now political turmoil. as that country works to pick the head of a new
areas in the west. a general strike on wednesday forced many local businesses to close their doors. u.s. republicanal presidential candidate herman cain is facing more allegations of sexual harassment. the associated press is reporting a third woman has come forward saying cain made sexually suggestive remarks to her back in the 1990s. his campaign says the allegations are baseless. the arab league says syria agreed to end its crackdown on protesters, that s part of a wider initiative which calls for talks with the opposition. the announcement comes as more than two dozen people were reportedly killed in syria on wednesday. those are the top stories from cnn, the world s business leader. i m zain verjee, world business today starts right now. good morning from cnn london, i m nina dos santos, this is world business today. these are the top stories. smiles for the cameras at the group of 20 summit in cannes. behind the scenes the grim threat of a greek euro exit loom
he will let you pay a flat 20% or stick with the current tax system. the centers for disease control is recommending boys ages 11 and 12 get vaccinated for the human pap loma virus or hpv. currently girls are vaccinated to cut the risk of their cervical cancer. the cdc says vaccinating boys will help slow hpv, which is spread by sexual contact. libya s new rulers say moammar gadhafi was buried in an unmarked grave today in the desert. his body was on display in a cold storage unit for several days. the national transitional council says he was captured during his crossfire, but there are strong indications the long-time dig tear or the was shot at point-blank range while in custody. hurricane rina could get a whole lot meaner. it is already pushing 100-mile-an-hour winds and forecasters say it could be a major category 3 hurricane when it swipes the mexican yucatan, probably thursday. the hurricane is then expected to loop around towards cuba. rescuers pulled several
while hiking. texas governor rick perry failed to live up to his front-runner s status this weekend. mitt romney won michigan straw poll by a 3-1 margin over perry. now, romney s father served as michigan governor in the 60s making the son somewhat of a home state favorite. in florida, herman cain took top billing. he drew twice as many votes as perry, with romney in third place. cain says he won because voters are beginning to notice his 999 tax plan. here s how he explains it. my plan is bold because it throws out the tax code and imposes a business flat tax of 9%, personal flat tax of 9%, national sales tax of 9%. it replaces all of the taxes that people are now having to grapple with and it provides search engine to the business community which is what they re looking for in order to grow this economy. governor perry jumped into the race for the gop nomination. that was just six weeks ago. instantly topped the polls but critics say that perry s debate performances