World slowdown fears hit shares and commodities
LONDON - The uncertain worldwide growth outlook flushed investors out of riskier assets, sending shares and commodities lower, despite signs that a drive by Europe's leaders to tackle the region's debt crisis was gathering momentum. Full Article
Indonesia's Java island hit by 6.1 magnitude quake
JAKARTA - An earthquake of magnitude 6.1 struck off the Sukabumi district in West Java in the western part of Indonesia, 24 km (15 miles) below the surface of the sea, the state meteorology agency said on Monday.
Debt risks curb China stimulus firepower
BEIJING - Investors counting on China to repeat its huge 2008-09 stimulus to backstop global economic growth are failing to recognize Beijing's limited scope to deliver another major spending surge. Full Article
From Alabama, a challenge to voting rights
CALERA, Alabama - Shelby County is challenging a redistricting ruling by the Justice Department in a case that could come before the Supreme Court and pose the biggest challenge in years to the Voting Rights Act of 1965. Full Article
Turkey tries out soft power in Somalia
MOGADISHU - Across the Somali capital, a bombed-out shell after two decades of fighting, residents say Turkey has done more in eight months to shatter the perception that Mogadishu is a no-go zone than the international community has achieved in twenty years. Full Article
IAEA, Iran to hold nuclear talks on June 8
VIENNA - The U.N. atomic watchdog and Iran will hold a new round of talks this week to try to reach an agreement to resume a long-stalled investigation into suspected nuclear weapons research in the Islamic Republic, IAEA chief Yukiya Amano said on Monday. Full Article
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SEC investigator previously pushed to carry gun
WASHINGTON - The lead internal investigator at the Securities and Exchange Commission, who is on leave after employees complained he wanted to carry a gun at work, was previously denied a gun permit when he worked for another government agency. Full Article
Americans with health woes eye court ruling
WASHINGTON - As the Supreme Court prepares to rule on whether to overturn the Obama administration's signature healthcare law, Americans with pre-existing medical conditions worry that they may lose access to insurance coverage. Full Article | Factbox
Reuters Breakingviews
June 4 - Agenda-setting financial insight from Reuters global commentary unit Breakingviews.
Latest Headlines
Breaking the negative feedback loop
With the past week’s dismal U.S. jobs data, signs of increasing financial strain in Europe, and discouraging news from China, the proposition that the global economy is returning to a path of healthy growth looks highly implausible. But there is a path out of the vicious cycle. Commentary
An Afghan town, an American dream and the folly of for-profit war
When I arrived in Lashkar Gah, I was instantly gripped by "Little America" and a sweeping but failed U.S. Cold War effort to ease the destitution there. I desperately hoped America could do better. But over the next eight years, an epic tragedy unfolded. Commentary
How corporate socialism destroys
Nationwide state and local subsidies for corporations totaled more than $70 billion in 2010. In a country of 311 million, that's $900 taken on average from each family of four in 2010. A mall project in upstate New York shows just how foolish this system is. Commentary
Why cell phones are ripe for spam texts in 2012
Special interest groups are planning to text your phone to influence your vote in the 2012 election. According to various laws, this should be illegal. But as always, there are loopholes. Commentary
Drug panics, bath salts, and face-eating zombies
To assist the press in its coverage I offer this brief bath-salts primer. I don't want to overstate its worth—any skeptical journalist with access to the scientific literature could produce such a primer in an afternoon. That the press hasn't bothered to produce such a primer speaks volumes about how serious they are in covering the drug beat. Full Article
Should government lead, follow - or reinvent?
Instead of arguing over whether to shrink the state or expand it, or whether money is better spent by the private sector or by the state, maybe we should be focusing more on reinventing the state for the 21st century. Commentary
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Big wager: Will Greece exit the Euro?
Felix Salmon and Business Insider’s Joe Weisenthal debate – and place a bet on – whether Greece will leave the euro zone by the end of 2012, an outcome that could send shock waves through the global economy. Video
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