JAPAN

Analysis: Japan in Ratings Crosshairs as Debt in Focus

An employee of the Tokyo Stock Exchange reacts as he watches a stock index board in Tokyo
In the guessing game of which Asian sovereign credit will be downgraded next, after the United States this weekend, Japan is almost everyone's top pick, and not simply because its debt burden and messy politics are as bad if not worse than America's.

Nikkei slides over 2 pct on US downgrade, Asian markets

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Japan's Nikkei stock average slid more than 2 percent on Monday as weak sentiment following Standard & Poor's downgrade of the United States' credit rating was exacerbated by futures selling after Asian markets tumbled.
Silvio Berlusconi

ECB backs Italy, Spain as policymakers pledge action

The European Central Bank stepped into bond markets on Monday, backing up a pledge to support Spain and Italy with the aim of averting financial meltdown in the euro zone, while the G7 and G20 offered soothing words to investors shaken by a historic downgrade of the U.S. debt rating.
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Dollar Expected to Weaken on S&P Move

The S&P cut in the U.S. long-term credit rating to AA-plus is an unprecedented blow. It called the outlook "negative," signaling another downgrade is possible in the next 12 to 18 months. The U.S. dollar may weaken and Treasury yields rise when Asian markets reopen on Monday.
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China flays US over credit rating downgrade

The United States lost its top-tier AAA credit rating from Standard & Poor's, drawing a blast of criticism on Saturday from its biggest creditor China and deepening investors' alarm over the euro zone's debt crisis.
Hiroaki Nakanishi, president of Japanese electronics company Hitachi, attends a news conference in Tokyo

Analysis: Japan may lose out as Hitachi-Mitsubishi talks stall

The crumbling of mega-merger talks between Japanese industrial behemoths Hitachi (6501.T) and Mitsubishi Heavy Industries (7011.T) threatens a rare opportunity for Japan to improve its global competitiveness by consolidating century-old companies.
Honorable Mention - San Francisco

Nine-year Old Hit-and-run Victim Ryan White Battling For Life

Ryan White, a 9-year-old tourist from Yardley, Philadelphia, who became the victim of a hit-and-run incident in downtown San Francisco after watching a baseball game, was battling for his life on Friday night at San Francisco General Hospital.
Standard & Poor's

S&P Downgrades U.S. Credit Rating; What Lies Ahead?

The U.S. lost its AAA credit rating from Standard and Poor's for the first time in history, dealing a symbolic blow to the world's economic superpower. The impact of this downgrade is a matter of speculation.
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U.S. Credit Downgrade: Is S&P Reliable?

The United States wouldn't enjoy "risk-free" top AAA credit rating any longer. Standard & Poor's decision, being questioned by many including the White House, to downgrade AAA rating to AA+ was based on an analysis which blew up U.S. deficits by $2 trillion.
The aftermath of the bombing of Hiroshima

Were Hiroshima and Nagasaki Racist Acts?

The attacks ? the only time nuclear weapons have ever been used in world history to date ? killed tens of thousands of people and shocked the planet with the scale of their destruction.
U.S. and Global Economies

NYU?s Nouriel ?Dr. Doom? Roubini: Better Than 50% Chance of U.S. Recession

One of the world's leading economists says don't get giddy over the July jobs report, which indicated the U.S. economy created a better-than-expected 117,000 jobs. NYU Professor Nouriel "Dr. Doom" Roubini, who accurately predicted the housing crisis four years ago, says U.S. GDP will be sub-par in 2011 and the risk of a recession is real.

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