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G20 Measures 'Necessary, But 'No Guarantees': Obama

(Newser) - President Obama touted the resolutions of the G20 summit today in London, saying swift and muscular action was needed to reverse the global economic downturn, the AP reports. Steps like the injection of funds into the IMF and the creation of a global regulatory body “were necessary,” he...

Activist Dies at G20 Protest
 Activist Dies at G20 Protest 
Apr 2, 2009 2:21 AM CDT

Activist Dies at G20 Protest

Cops say protesters pelted them with missiles as they tried to help man

(Newser) - A demonstrator died after collapsing inside a police barricade at the G20 protests in London last night, the Guardian reports. Medics and cops were pelted with missiles as they tried to move and resuscitate the man, who was pronounced dead in a local hospital, said officials. The man had been...

G20 Protest Proves More Lark Than Bite
G20 Protest Proves More Lark Than Bite
analysis
Apr 1, 2009 3:51 PM CDT

G20 Protest Proves More Lark Than Bite

Some London violence, but festive, 'street party' atmosphere prevails

(Newser) - Several broken windows aside, the G20 protests are shaping up to be more street party than angry mob, Time reports. Unlike traditional, oft-violent British protests, this one is intended to be “a peaceful and fun street party,” organizers say. Indeed, while some anarchists chucked beer cans at cops,...

Michelle Visits Cancer Patients
 Michelle Visits Cancer Patients 
Apr 1, 2009 11:07 AM CDT

Michelle Visits Cancer Patients

First Lady will sit with JK Rowling at dinner tonight

(Newser) - Michelle Obama spent the morning visiting a cancer center in London with Sarah Brown, the Guardian reports. The trip is the first in a number of engagements the first ladies will share—including a dinner for spouses of leaders tonight at 10 Downing Street, where Michelle will be seated next...

Obama Meets With Hu, Plans Visit to China

(Newser) - President Obama and Hu Jintao of China met today at the G20 summit in London and agreed to close cooperation on issues ranging from the economic crisis to global security, Time reports. Obama will travel to China later this year. Meanwhile, high-level representatives will meet in Washington during the summer...

G20 Protesters Vandalize Bank
 G20 Protesters Vandalize Bank 
Apr 1, 2009 9:27 AM CDT

G20 Protesters Vandalize Bank

Already fighting police, crowd turns to looting RBS

(Newser) - The violent crowd protesting the G20 summit in London has broken into a branch of the Royal Bank of Scotland, smashing windows and carrying computers and furniture out into the streets. Riot police attempted to keep the protesters away from the building and in containment pens in the City, but...

G20 Protest Turns Violent
 G20 Protest Turns Violent 
Apr 1, 2009 7:30 AM CDT

G20 Protest Turns Violent

Demonstrators scuffle with police outside Bank of England

(Newser) - Skirmishes have broken out in front of the Bank of England in London's financial district, and police officers have been pelted with paint and bottles, the Guardian reports. Several thousand people have gathered in the City, and protesters have been shoving against the pens erected to contain them. The diverse...

Obama, Brown Push for Urgent G20 Action

President and PM want tougher bank rules to end recession

(Newser) - Barack Obama and British PM Gordon Brown today urged G20 members to “do whatever is necessary” to fix the global economic crisis, the Guardian reports. The two world leaders held a joint press conference on the eve of the G20 summit, at which Obama declared “the separation between...

Massive Security Steels for G20 Protests

London's financial district braces for worst

(Newser) - London's financial district is on lockdown ahead of a day of protests by activists and opponents of the G20, reports the Financial Times. The government will deploy up to 5,000 officers in the largest police operation in British history, and banks such as UBS have also hired private security...

Obamas Arrive in Britain
 Obamas Arrive in Britain 
Mar 31, 2009 2:28 PM CDT

Obamas Arrive in Britain

President readies for G20 summit tomorrow

(Newser) - President Obama has arrived in Europe, with a hefty economic and political agenda for his first journey across the Atlantic since taking office two months ago. The first stop for the president and first lady was London, with the focus on the G20 meeting of the world's major economic powers...

Thatcher's 'Big Bang' Free-for-All Led to Bust
Thatcher's 'Big Bang'
Free-for-All Led to Bust
ANALYSIS
Mar 31, 2009 6:55 AM CDT

Thatcher's 'Big Bang' Free-for-All Led to Bust

Pioneers of British '80s deregulation dismayed at unforeseen 'side effects'

(Newser) - The British regulatory reforms that changed the face of the financial industry in the '80s allowed banks to become bloated giants, two architects of the so-called "Big Bang" changes tell the Wall Street Journal. The deregulation let London's financial sector flourish, the men say, but also allowed banks to...

G20 Protest Draws 35K to London Streets

(Newser) - Security patrols for next week's G20 summit, take note: A protest in London today drew an estimated 35,000 people, about three times as many as expected, the Guardian reports. Organizers of the march—a coalition of unions, church groups, and charities—are pushing for movement on “jobs, justice,...

Madoff 'Used London Office as Piggy Bank'

Brits considering charges against Madoff's UK employees

(Newser) - British investigators believe Bernard Madoff's London operation played a central role in his Ponzi scheme, the Times of London reports. Authorities suspect the business was either "a cog in the giant washing machine" laundering Madoff's billions, his personal piggy bank, or both. Ruth Madoff received $2 million from Madoff's...

AIG Bonus Recipients in Europe Cry Blackmail

(Newser) - Some AIG executives in Europe think the demands that they return their bonuses are tantamount to "blackmail," Reuters reports. In fact, a compliance officer for Banque AIG unit in London asked UK authorities to determine whether the demands for repayment constitute extortion. He encouraged others in an email...

Jacko Adds Elephant to Concert Cast

Plus, auction moves forward, glove on display

(Newser) - Yesterday it was a riverboat, today it’s an elephant. Michael Jackson wants to take the stage at his London concerts atop a magnificent jungle beast, the Daily Mirror reports. And that’s not all: Jacko also wants “panthers led on gold chains," said an insider. "...

Jacko Invites Harry Potter Kids Backstage

Also, singer will arrive at shows via boat

(Newser) - In what might not be the best PR move, Michael Jackson invited the young stars of the Harry Potter films backstage for the opener of his London summer concerts, the Sun reports. “He was utterly enchanted by the magic of JK Rowling’s novels,” a source says. “...

Monaco Overtakes London On Priciest Homes List

(Newser) - London has tumbled off its perch atop the list of priciest places to buy residential property, the Financial Times reports, allowing Monaco to swoop in and take the crown. Monaco’s top properties now fetch $68,000 per square meter, compared to $38,000 for London and $22,500 for...

Street View Catches Britons in Compromising Positions

Google removes several pictures at resident's request

(Newser) - Google has scrubbed several embarrassing photos from its Street View map feature following the rollout of the service in the UK yesterday, the Telegraph reports. Google received numerous complaints about certain snapshots, including one of a man leaving a sex shop. Google noted that Street View has tools for the...

Winehouse Pleads Not Guilty to Assault

Plus, wants to talk with Blake, and more

(Newser) - In a London court today, Amy Winehouse pleaded not guilty to assaulting a fan at a charity ball last year. She was released on bail and will stand trial in July, the AP reports. But that’s not all from her crazy life:
  • Her legal troubles aren’t stopping Winehouse
...

William Opens Up on Loss of 'Mummy'

He becomes patron of child bereavement charity

(Newser) - Prince William makes his first public acknowledgment about the grief he felt after losing his mother in a Daily Mirror essay. "Never being able to say the word 'Mummy' again in your life sounds like a small thing," he writes. "However, for many, including me, it's now...

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