Showing posts with label rallies. Show all posts
Showing posts with label rallies. Show all posts

2011/10/28

Syrian security forces fire on rallies, killing 30 (AP)

By ELIZABETH A. KENNEDY, Associated Press Elizabeth A. Kennedy, Associated Press – 12?mins?ago

BEIRUT – Syrian security forces opened fire Friday on protesters and hunted them down in house-to-house raids, killing about 30 people in the deadliest day in weeks in the country's 7-month-old uprising, activists said.

The popular revolt against Syrian President Bashar Assad's regime has proved remarkably resilient, with protests erupting every week despite the near-certainty the government will respond with bullets and tear gas. The U.N. estimates the regime crackdown on the protests has killed 3,000 people since March.

Much of the bloodshed Friday happened after the protests had ended and security forces armed with machine guns chased protesters and activists, according to opposition groups monitoring the demonstrations. Authorities disrupted telephone and Internet service, they said.

The Syrian opposition's two main activist groups, the British-based Syrian Observatory for Human Rights and the Local Coordinating Committees, gave figures for the protesters killed on Friday ranging from 29 to 37.

The flashpoints were Homs and Hama in central Syria, where opposition to the regime is strong. Hama is the site of a massacre nearly 30 years ago which has come to symbolize the ruthlessness of the Assad dynasty.

Rami Abdul-Rahman, the head of the observatory, said security forces in Homs were firing machine guns as they conducted raids in search of protesters and activists. In Hama, there were heavy clashes between the army and gunmen believed to be army defectors.

Syria has largely sealed off the country from foreign journalists and prevented independent reporting, making it difficult to confirm events on the ground. Key sources of information are amateur videos posted online, witness accounts and details gathered by activist groups.

Communications were spotty Friday in the Damascus suburb of Douma and in Homs. The move appeared to be an attempt to cut off the opposition's ability to organize and report on the protests.

"There was a very fierce reaction to the protests in Homs today," said Syria-based activist Mustafa Osso. Syrian forces opened fire as some 2,000 people gathered for protests, he said.

"There are many injured as well. Hospitals are having a hard time coping with the casualties," Osso told The Associated Press.

Majd Amer, an activist in Homs said sporadic gunfire could be heard as protesters poured out of mosques following Friday prayers.

It is difficult to gauge the strength of the revolt in Syria, a country of 22 million people. The crackdown does not appear to have significantly reduced the number of protests, but neither does the regime appear to be in any imminent danger of collapse.

The regime appears to lack sufficient numbers of loyal troops to garrison all the centers of unrest at the same time, so government forces will often sweep through an area in the wake of protests, breaking up new gatherings and hunting activists, before being deployed elsewhere.

The result has been a monthslong stalemate. Still, the capture and subsequent death of Libya's Moammar Gadhafi, under still-unclear circumstances, has energized the opposition. Last week, thousands of Syrians took to the streets shouting that Assad will be next.

The protests come amid efforts by the Arab League to end the bloodshed, and debates within the opposition on how to bring international pressure to bear on the regime.

On Friday, many protesters said they wanted a no-fly zone established over Syria to protect civilians in case the Syrian regime considers attacking protesters from the sky, the activist groups said.

The protesters also called for international monitors, although most opposition groups reject the idea of foreign military intervention.

The Syrian government insists the unrest is being driven by terrorists and foreign extremists looking to stir up sectarian strife.


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2011/08/09

Wall St rallies after sell-off; Fed statement on tap (Reuters)

NEW YORK (Reuters) – Stocks rebounded sharply on Tuesday after a major sell-off, but markets remained vulnerable to selling if the Federal Reserve fails to ease fears of a double-dip recession.

Volatility remained high after the benchmark S&P 500 dropped nearly 17 percent over the past two weeks on wrangling in Washington over the debt ceiling and soft economic data. Stocks almost immediately lost gains after the open and the Dow briefly turned negative before rebounding.

Equities suffered a massive drop on Monday, the first session since the United States lost it top-tier credit rating, with the S&P posting its worst one-day loss since December 2008 and nearing bear market territory. Volume was the heaviest since the "flash crash" in May 2010.

"You had a cataclysmic sell-off in the marketplace," said Cliff Draughn, president and chief investment officer at Excelsia Investment Advisors in Savannah, Georgia.

"You are technically way oversold and secondly, this whole thing has been political."

The Dow Jones industrial average gained 174.75 points, or 1.61 percent, to 10,984.30. The Standard & Poor's 500 Index rose 25.87 points, or 2.31 percent, to 1,145.33. The Nasdaq Composite Index climbed 74.50 points, or 3.16 percent, to 2,432.21.

Federal Reserve policy-makers began meeting Tuesday morning, and the Fed's statement is due at 2:15 p.m EDT. While the central bank isn't expected to unveil any new program to help lift asset prices, selling could re-emerge if there's no indication that help is on the way.

Analysts were conflicted over what to expect from the statement, as some were unsure what action, if any, the Fed has left at its disposal.

"He's damned if he does and damned if he doesn't -- he's in a no-win situation this afternoon," Draughn said.

The CBOE Volatility index fell 15.2 percent, but was still up nearly 59 percent so far this month.

Standard & Poor's downgraded the U.S. credit rating late Friday, removing the nation's perfect triple-A designation for the first time in history. The rating agency's move sparked the stock market's huge sell-off and underlined fears a recession was inevitable, given increasing signs of slowing growth and more turmoil in the euro zone.

According to a Reuters poll, the United States faces one-in-four odds of slipping back into recession, though the economic outlook is raising the likelihood of new Fed action.

Even though fear remained a dominant emotion in the markets, analysts said stocks could be nearing a bottom. They noted the S&P 500 was now more technically oversold than at any other time in the last 10 years, with its 14-day relative strength index at 16.5 percent. A level below 20 generally attracts buyers.

Bank shares ranked among the best performers, as the S&P financial index gained 4.1 percent. Bank of America Corp, the S&P's biggest decliner on Monday, jumped 7.5 percent to $7.

(Reporting by Chuck Mikolajczak; Editing by Jan Paschal)


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