Gates of Vienna News Feed 8/7/2011

Gates of Vienna News Feed 8/7/2011The uncertainty in American financial markets due to the debt crisis and the downgrade by S&P has re-infected the Eurozone. There is now concern that Spain and Italy will have to be bailed out, and the European Central Bank has begun buying up government bonds. German leaders, however, feel the incipient panic is an overreaction.

In other news, residents living on the highest floors of the world’s tallest tower in Dubai have been told by religious authorities that they must delay the breaking of their Ramadan fast by two minutes compared with those who live at street level. The delay is necessary because the sun is visible for that much longer at those lofty heights.

To see the headlines and the articles, open the full news post.

Thanks to Andy Bostom, C. Cantoni, Fjordman, Gaia, Insubria, McR, Nilk, The Midget Van Grungy, Vlad Tepes, and all the other tipsters who sent these in.

Caveat: Articles in the news feed are posted “as is”. Gates of Vienna cannot vouch for the authenticity or accuracy of the contents of any individual item posted here. We check each entry to make sure it is relatively interesting, not patently offensive, and at least superficially plausible. The link to the original is included with each item’s title. Further research and verification are left to the reader.