Ratings agency Moody’s said its outlook on Japan would move into the negative category if the world’s No.2 economy by GDP does not get more control over its debt. Moody’s had upped Japan’s domestic debt rating to Aa2 last May. Now, it may move the other way.

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Investment guru Marc Faber says there's a 30% chance that China's “soft landing” will turn into a crash-and-burn, taking most commodities with it.

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Toyota is in trouble with the US Federal authorities. But not because of anything it did or didn't do. Politicians know they can get a lot of free press by stoking the popular perception that Toyota somehow knew the gas pedals were “dangerous,” but installed them anyway. And US automakers are doing everything to encourage this hysteria.

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