Welcome, Guest Login | Signup | Portfolio | Bookmark | Contact
Markets

Symbol Name
Click for Symbol Help




Qaddafi's Grip Weakens With Loss of Territory and Insiders

San Francisco Chronicle - Feb 25, 2011

Libyan leader Muammar Qaddafi's world was shrinking yesterday as a close adviser abandoned him, opponents consolidated their control of the country's oil-rich east, and Switzerland froze some of his assets.

The leader responded by reinforcing his defenses in and around the capital, Tripoli, with tanks and mercenaries. "It's a massacre in there," Egyptian Mohamed Yehia said, describing recent violence after fleeing his home in the eastern coastal city of al-Bayda. Forces still loyal to the Libyan dictator moved against cities near Tripoli, and more than 100 people were killed in Az-Zawiyah, a town west of the capital, Al Jazeera reported.

Qaddafi, speaking by telephone on state television yesterday, blamed the uprising against his 41-year rule on "drugged kids" and al-Qaeda. The evidence that he was losing ground included the defection to Egypt of a confidante, his cousin Ahmed Qaddaf al-Dam, which follows resignations in recent days by government ministers and diplomats. Army units, particularly in the eastern part of the country, have defected to the opposition, which may presage a civil war, a prospect raised by Qaddafi when last seen on state television Feb. 22.

Read Full Article from San Francisco Chronicle

- Posted: 2011-02-24 23:41:21


 More Stock Investor Place Top Stories  
Anglo platinum arm sheds 14,000 jobs, risking unrest
Apple falls below $500
US retail sales rose 0.5 percent in December, led by autos, furniture and clothing sales
Recovery in U.S. Saving 8 Million Underwater Homeowners
Facebook shares rise in buildup to mystery event, earnings

 Stock Investor Place Top Stories Archive
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008















Featured Companies | My Place | News | Markets | Big Board | Blogs | Products & Services

Copyright 2024 Stock Investor Place Inc. All Rights Reserved.
Disclaimer - Terms of Use - Privacy Policy - Advertise