The End of the Eurozone ?

Eurozone in focus

It started out with Greece having a few debt issues, but has grown into a full-blown currency crisis. On this episode of Counting the Cost we put the eurozone in focus. Plus, internet paywalls and journalism and the World Cup's legacy.

Tensions between Iran and the UAE

The United Arab Emirates says reports it would be willing to back military action against Iran are "inaccurate". Its ambassador in the U.S. said earlier this week that the Emirates would support military action against Iran.

And as Dan Nolan reports, those remarks are heightening tensions over three disputed islands in the Gulf.

Tar Balls Wash Up on Texas Beach

AssociatedPress | July 05, 2010 Tar balls from the Gulf oil spill have been found on a Texas beach, and are the first evidence that gushing crude from the Deepwater Horizon well has now reached all the Mexican Gulf states of the southern United States. (July 5)

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)