US unemployment rate may rise to 10%: Moody's

Are the stimulus effects coming to an end ???

Krugman is speaking about the risk of a double dipp recession ...Should the Us follow Europe's path in imposing austerity in order to boost the economy ? ...Gus Faucher, director of macroeconomics at Moody's Economy.com, says the reason for the dip in US unemployment rate in June was because a lot of people have left the labour force. "But I think it is going to head towards 10 per cent by the end of 2010," he says.

Marijuana Charges Dropped Against Paris Hilton

AssociatedPress | July 02, 2010 Paris Hilton briefly appeared in a South African courtroom where charges of possession of marijuana were dropped. She was arrested at the World Cup game between Brazil and the Netherlands. (July 2)

Alleged spy hearings delayed 

Detention hearings have been delayed until tomorrow for three of the eleven alleged Russian spies who resided in Virginia. Patricia Mills' and Michael Zottoli's lawyers said that they had just received additional government information and wanted to postpone the hearings, while Mikhail Semenko had to wait until tomorrow to be assigned a public defender. The prosecution agreed and said they would seek an indictment in New York late next week.

When Pot Is Legally Sold for Profit

Going to Pot: How will government tax legal marijuana?

What Could You Get for $13 Trillion?

FBN's Gerri Willis breaks down what you can buy for the equivalent of the nation's debt.

Toronto G20 protests: Police State Resistance or Vandalism?

Around 10 thousand people took part in the protests against those summits - more than six hundred of them were arrested after rallies turned violent. The demonstrators accuse the leaders of the world's largest economies of turning a blind eye to the problems of those who are in need. And many of the protesters say the local security crackdown was a violation of their rights.

Israel US prepare to attack Iran

Reports are circulating that the U.S is amassing a greater military presence in the Middle East. The alleged build up is also rumored to involve the Israeli use of Saudi Arabian air space. It's thought by some to be in preparation for an attack on Iran.