Sovereign-debt problems may have reached a point beyond remedy — short of default or high rates of inflation.
The Israeli air strike targeted smuggling tunnels in the Gaza Strip early Wednesday, the army said. On Tuesday, several mortars were launched into Israel from the coastal enclave.
On Tuesday, the Dow average saw another in a long line of one-day V-shaped recoveries.
There is no volcanic ash cloud over Europe today, and forecasts from Britain's Meteorological Office show clear skies all week. The Iceland volcano, Eyjafjallajökull, is shrinking and now appears dormant.
In this critical phase of the Afghanistan war, Gen. Stanley McCrystal says NATO and Afghan efforts to secure Marjah are moving too slowly. 'By day there is government. By night it's the Taliban,' says one Afghan tribal leader.
A new study shows that child mortality rates have plummeted over the past two decades. While the US has also seen improvements, 123 other countries improved more.
With some 1,200 offshore oil rigs operating today, oil spills are still relatively rare. But experts warn that safety procedures and cleanup methods have not kept pace with drilling at ever-deeper depths.
European stock markets fell again and the American stock market opened lower over European worries on Monday.