UNITED STATES

Senator McCain visits Myanmar

U.S. Senator John McCain has begun a short trip to Myanmar in order to look after the country's situation after a new civilian government, promising reform took over from a military junta several months ago, a local media reported.
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Sprint files to block AT&T purchase of T-Mobile USA

Sprint Nextel has formally asked U.S. regulators to block AT&T Inc's proposed $39 billion purchase of T-Mobile USA, saying the deal has no public interest benefit and would harm competition even if it comes with conditions.
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Price hikes, fewer cars likely hurt auto sales

Higher car prices and a shortage of fuel-efficient vehicles likely threw a roadblock in the U.S. auto industry's recovery path in May, when the Japan crisis had its biggest impact on U.S. sales so far.

Can Gold Really Replace the US Dollar?

Public faith in Western currencies has hit an extreme low. Faith in the US dollar is especially weak because the US government keeps on spending money it doesn’t have by borrowing from the generous printing presses of the Federal Reserve.
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U.S. wealthy exit Swiss bank accounts: study

Wealthy U.S. individuals have already pulled most of their money from Swiss private banks and could exit altogether as a global clampdown on tax evasion and banking secrecy benefits onshore rivals, a report showed.
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Mischief From Cheap Money - Shocking Charts

Three trillion dollars is a lot of cash to hoard up in barely 10 years. It's a lot of cash to unleash on the world's commodity markets, too. And peak oil or not, we monetary maniacs might just have a point. Real returns to cash do matter.
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Lower jobless rate reflects benefits end: Fed

As much of a quarter of the recent decline in the U.S. jobless rate is due to long-term unemployment benefits running out, according to research from the Chicago Federal Reserve Bank published on Tuesday.
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Gas prices likely dampened May retail sales

U.S. retailers are expected to show a moderate increase in May sales, as high gas prices likely tempered consumer demand for summer clothing and other discretionary items.
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Boeing cites increased interest in Super Hornet

Boeing Co has seen increased interest in its Super Hornet fighter jet from potential international customers as Lockheed Martin's F-35 Joint Strike Fighter has faced development and cost challenges, a Boeing executive said on Tuesday.

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