On Sunday French voters, angry over austerity measures, replaced President Nicolas Sarkozy with Socialist Francois Hollande.

The "Euro Zone" is faltering, as  Markit’s Eurozone Manufacturers Purchasing Managers’ Index or PMI dropped to 45.9 points in April, which was lower than the preliminary estimate and a decline from 47.7 points in March. 

In anticipation of the NATO Summit, which is to be held from May 20 to May 21, the city of Chicago is preparing a practical police state. Federal officials are implementing security plans that are so broad they encompass all of Cook County, Illinois.

Last Thursday's two-notch downgrade of Spain's sovereign debt by Standard and Poor's credit rating agency is triggering pushback at the ballot box. 

"NATO will be holding its 25th summit in President Obama's hometown of Chicago, United States, on 20-21 May 2012," the North Atlantic Treaty Organization has announced.

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