There were 10,000 more police officers out on the streets of London Tuesday night. They are trying to stop days of rioting. Gangs of youths have attacked police, burnt buildings and looted stores in escalating violence since Saturday night.
Verizon landline workers are on strike. They say their service is the bedrock of the company's booming wireless business. They don't want to give up benefits just because they work on a less profitable side of the business now. Management says to stay competitive, the 45,000 landline workers can't be paid as if the company is a monopoly.
Oil prices are falling, as traders dial back their expectation for the global demand for oil. But drivers are still waiting for the price of gasoline to drop as well.
The price of oil closed on Tuesday at about $79 a barrel — the lowest since last September.
Crude oil prices were on the rise in the beginning of the year. Unrest in the Middle East put pressure on supplies, and traders had a more optimistic outlook about the demand for oil, explains Richard Soultanian, an oil industry analyst with NUS Consulting Group.