More than 100 Palestinians were killed Wednesday in the bomb-scarred Gaza Strip, among them victims of Israeli fire on a crowded market and a United Nations school. The United States and United Nations condemned the school shelling and Hamas said it fired a salvo of rockets into Israel in retaliation for both attacks. At least 17 people were killed in the strike on the market in Shejaiya, near Gaza City, as Israel observed a four-hour humanitarian lull in other parts of the crowded coastal strip.
Last-ditch talks between Argentina and the US hedge funds it has branded "vultures" failed to reach agreement Wednesday, effectively pushing the country into default. Ratings agency Standard and Poor's had already placed Argentina in "selective default" when Economy Minister Axel Kicillof emerged from the New York talks to confirm that no deal had been reached. "They were trying to impose on us something illegal," he declared, confirming that he was heading back to Buenos Aires without a deal. Kicillof slammed S&P's downgrade, arguing that Argentina could not be regarded as being in default since the money for the repayment was in a US bank account ready to be paid but frozen by court order.