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carlos a's List: Events
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U.K. inflation reached the highest since at least 1997 in May, and Bank of England Governor Mervyn King predicted it will exceed 4 percent later this year, adding to speculation that the economy will fall into a recession.
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It's a stock-market conundrum: The economy is barely growing, oil prices keep climbing, housing remains in a funk -- and yet stocks are rebounding.
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Wall Street often goes in a different direction from Main Street, of course, largely because stock prices are bets on the future value of companies, as opposed to a report card on their operations and profits today.
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The food crisis continues to hit communities hard around the globe.
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