Italy, Woody Williams, Mario Draghi discussed on WTOP 24 Hour News


Political upheaval in another European country. Italy's premier Mario Draghi is told his cabinet he will offer his resignation tonight following the refusal of a coalition ally to support a bill that would help reduce energy costs. The populist 5 star party is part of druggies governing coalition, but it boycotted the parliament vote on the energy Bill. It will be up to Italy's president to accept or reject the premier's resignation, but if the government crisis can not be resolved quickly, parliament could be dissolved and there could be an election in Italy as early as September. Congress has given its ultimate salute to Herschel, woody Williams, the last remaining Medal of Honor recipient from World War II, Williams died last week at age 98. Williams is lying in honor at the U.S. capitol for another ten minutes. It's a tribute reserve for the nation's most distinguished citizens as a young marine Corporal, he eliminated some Japanese machine gun positions during the Battle of Iwo Jima. He joined 6 other non politicians who have lain in honor in the capitol rotunda, rotunda, that is civil rights icon Rosa Parks, the reverend Billy Graham, and for U.S. capitol police officers. In Poland, there's been a discovery of some mass graves and investigators say they are filled with the remains of thousands of poles killed in World War II. The two mass graves contain the ashes of at least 8000 Polish citizens killed by the Nazis between 1940 and 1944 say the investigators, the victims were mostly prisoners of a German camp, about 100 miles north of Warsaw, most prisoners were the elite of Polish society or military members, resistance fighters or Jews. Special investigators say in 1944, the Nazis tried to hide what they had done, so no one could be held accountable. They incinerated the bodies and planted trees on the burial pits. Poland's institute of national remembrance has the authority to bring charges against any suspects if there's still alive. I'm Rita foley. In a London courtroom, Oscar winning actor Kevin Spacey has pleaded not guilty to charges of sexually assaulting three men a decade or more ago. The judge said a trial Hayden June of next year and continued the actor's unconditional bail, Spacey faces numerous charges in Brittany's also the focus of a separate civil sex assault lawsuit in U.S. federal court in New York. Two 55 money news at 25 and 55, let's get back to Jeff claw. Run in final hour of trading just ahead the Dow is down 192 points. The S&P 500 Index is down. 17, those are half percent losses, the NASDAQ is down, although just 6 points right now, wholesale prices eventually trickle down to us and they are still rising too. Producer prices rose another 1.1% last month and wholesale inflation is now running at more than 11% annually. Rates are rising across the board. That includes credit cards. Credit card rates hit a record high this month. Lending tree says the average rate on a credit card is now almost 21%. Something Super Bowl fans haven't seen for decades

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