• World economy on thin ice - U.N.: The United Nations blames dire situation on the decline of the U.S. housing and financial sectors The world economy is "teetering on the brink" of a severe downturn and is expected to grow only 1.8% in 2008, the United Nations said in its mid-year economic projections Thursday.
That's down from...
• Fed's Direct Loans to Banks Climb to Record Level The Federal Reserve's direct loans of cash to commercial banks climbed to the highest level on record in the past week as money-losing lenders increasingly turn to the central bank for funds. Funds...
• What if gas cost $10 a gallon? Forget pizza delivery. And cheap airfares. And bottled water. In fact, forget a way of life that looks much like today's. But would that be so bad? In four years, U.S. gas prices have doubled to more than $3.70 a gallon, and crude oil has tripled to around $125 a barrel. Allowing for inflation, that's higher than prices were during the...
• US warns China over weapon links in Iran, Iraq, Afghanistan The United States has warned Beijing over reported use of Chinese weapons by insurgents in Iraq and Afghanistan as well as the Asian giant's continued sale of arms to Iran, Deputy Secretary of State...
• Staff braced for thousands of job cuts at Thomson Reuters Several thousand jobs are expected to be cut at Thomson Reuters in the coming weeks, after the £8.7bn merger of the two news organisations to create the world's largest financial information...
• The Peak Oil Crisis: Diesel (Falls Church News Press) -- The evidence is mounting that the U.S. might just encounter the first real crisis of the oil depletion age before the year is out. The crisis at first will be one of...
• Extensive missile site in China revealed by satellite: analyst Washington: Commercial satellite imagery has revealed an extensive nuclear missile site in central China with nearly sixty launch pads for medium-range missiles capable of striking Russia or India, a...
• U.S.-trained forces reportedly helping Mexican cartels As many as 200 U.S.-trained Mexican security personnel have defected to drug cartels to carry out killings on both sides of the border and as far north as Dallas, Rep. Ted Poe, R-Humble, told...
• US marine jailed for abusing 14-year-old Japanese girl A US military court in Japan today sentenced a US marine to four years in prison for sexually abusing a 14-year-old girl in a case that prompted renewed anger at the huge American military presence...
• China Earthquake Photos
• McCain, Obama Now Agree on Iraq! (Kinda, Sorta) Did John McCain just endorse the Obama plan for Iraq? In a speech given earlier today in Columbus, Ohio, McCain laid out what he "would hope to have achieved at the end of my first term as...
• Will Rising Food Costs Make You Fat? Rising food prices aren't just shrinking Americans' wallets -- they might also be expanding their waistlines, prompting at least one nutrition scientist to sound the health alarm. The price of milk,...
• In Pakistan, a dark trade comes to light: Prostitution Prostitution in the Islamic nation of Pakistan, once relegated to dark alleys and small red-light districts, is now seeping into many neighborhoods of country's urban centers. Reports indicate that...
• UK: Government orders data retention by ISPs Phone and internet companies will soon be forced to keep logs of internet usage to be made available to the police under a new law announced by Prime Minister Gordon Brown this week.
The law, the...
