France Bombs Islamic State, Too Big to Fail at End: Sunday Wrap

  • Clinton looks to bounce back from Wall Street comments
  • Las Vegas takes it on the chin from Ronda Rousey's loss

France’s bombing of Islamic State’s nerve center in Raqqa, Syria, was the biggest development of the day following Friday night’s terror attacks in Paris, as officials continued to probe a plot that now appears to have been hatched in Belgium. Panic set in Paris’s Republique square at the sound of fireworks. German Chancellor Angela Merkel warned about retribution against innocent refugees while a top aide to President Barack Obama said the U.S. plan to take 10,000 Syrians remains in place, even as some Republicans call for banning them or taking only Christians.

Early markets action reflected a flight to safety, with the yen rising and Dubai stocks sustaining their biggest losses since August.

World leaders at the G-20 summit in Turkey are set to end the era of too-big-to-fail banks, forcing them to raise as much as $1.2 trillion, and backed proposals to wrap up sweeping reforms of rules for the global banking system. Vladimir Putin’s new-found power was evident when he met Obama for more than 30 minutes.

The Paris terror attacks hung over Saturday night’s U.S. presidential debate among Democrats -- yet, afterward, perhaps not as much as Hillary Clinton’s assertion that her ongoing financial ties with Wall Street stem from her efforts to get it back on its feet after 9/11.

Facebook at first won praise for its “Safety Check” feature that let people in Paris notify their friends know they were okay. Then some users turned: where was it after other suicide bombings and attacks?, they asked. You’re right, Chief Executive Officer Mark Zuckerberg said.

First Ronda Rousey, the supposedly unbeatable ultimate fighter, took it on the chin. Then, so did Las Vegas.

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