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BY JOANTHAN KETZ

 

You're watching multisource headline news  analysis from Newsy.


This is Newsy Now, and here are your latest headlines.

France and Germany are calling for harsher penalties for Eurozone countries that---don’t pay off their debt. If countries can’t make their payments, they won’t get their transfer funds. CNBC’s Andrew Sorkin’s not exactly with the plan.

It would force the financial sector to make a contribution to public accounts. I can’t tell you how many people I heard from literally in the latter part of yesterday, after they came out, not only with their announcement of better coordination which I think everybody just sort of blah, blah, blah, but this idea of a financial tax which would go into effect in September. The Euro loves this. People said where’s the money supposed to come from?”

In other world news-- Libyan rebels make their surge toward Tripoli. Rebels and Colonel Moammar Gaddafi’s men are---fighting for an oil refinery in Zawiya. Al Jazeera explains why the town’s so important.

“Zawiya is a key gain for the rebels as it sits on a main highway from the west to Tripoli. Rebel forces are closing in on the capital from the west and the south, cutting off its road links to the outside in the process.”

Five tobacco companies are suing the U.S. Food and Drug Administration. They say the new warning labels on cigarette packs---are unconstitutional. Fox News takes an in-depth look at one of the labels.

“They’re suing the FDA over some extremely graphic warning labels that they want to put smack over the package of cigarettes. The company is going to be forced to use by 2012. They say the federal government is violating their free speech rights in these cases. It’s hard to see in this picture but it’s basically like the dots before an incision that would go down the torso of this man.”

And in more U.S. news-- a new study shows that 1 in 5 Americans---live below poverty the poverty line. The Annie Casey Foundation found poverty increased in 38 states from 2000 to 2009. CNN gives us the details.

“In Louisiana, Mississippi, and Alabama, those were ranked as the worst states for a child’s well-being. 25% in Alabama, 31%--- the worst in Mississippi. The flip side, New Hampshire was the best state for kids, only 11% of children there live below the poverty line in 2009.

And does Abercrombie & Fitch have a situation--with “The Situation?” The company will reportedly pay Mike Sorentino NOT to wear its clothes. The company released a statement to explain -- MSNBC has it.

“We are deeply concerned that Mr Sorrentino's association with our brand could cause significant damage to our image. We understand that the show is for entertainment purposes, but believe this association is contrary to the inspirational nature of our brand, and may be distressing to many of our fans."

For Newsy Now, I’m Jonathan Ketz hilighting your top headlines, making you smarter---faster.

 

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Transcript by Newsy

Tech News: Breaking Headline News

Newsy Now: August 17th (GMT 2100)

August 17, 2011
(2:46)
France and Germany asking for penalties; 1 in 5 Americans in poverty; Tobacco giants sue FDA; Rebels advance on Tripoli.
   
TRANSCRIPT

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