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Japan escalates warning as yen continues to rise

Japanese Finance Minister Yoshihiko Noda warned on Thursday that recent yen strength does not reflect economic fundamentals, escalating a verbal campaign to cool the rising yen although traders saw little immediate chance that authorities would intervene directly in the market.

Overweight Children Should Be In Foster Care: Journal of the American Medical Association

Some experts have said that chronically obese children should be taken away from their parents, read the Journal of the American Medical Association as poor caretaking is only one risk factor for childhood obesity. And a question arises: Should the government step in and take these children from their homes or is this akin to banning circumcision in California?
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Moody's: Pressure on U.S. ratings to stay high

Even if the United States manages to avoid a technical default in August, downward pressure on its AAA credit rating will likely remain high, Moody's analyst Steven Hess said on Wednesday.
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Bernanke prepared to respond if economy worsens

The Federal Reserve is ready to ease monetary policy further if economic growth and inflation slow much more, Chairman Ben Bernanke said on Wednesday, giving a boost to the bruised stock market.
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Moody's: US On Review for Downgrade

Credit-rating service Moody's said that it is putting the U.S. government on review. Our government may see a downgrade from its Aaa bond rating because of the increasing possibility that the debt ceiling will not be raised in time to prevent a missed payment of interest or principal on outstanding bonds and notes.
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GM: VW CEO comments on Opel regrettable

General Motors Co on Wednesday called comments made by Volkswagen AG's chief executive about a possible sale of the U.S. automaker's Opel unit regrettable.
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How to Avoid 'Carmaggedon': Take a $4 Flight

There might be a way to escape the dreaded carmaggedon after all. JetBlue has offered the answer to residents' prayers by offering flights from Burbank to Long Beach for only $4.

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