Bloomberg:
- President Bush is standing firm in his backing of Israel’s military assault against Islamic radicals in Lebanon and Gaza in the face of rising calls for a cease-fire and a halt to bombing targets in civilian areas.
- Fed officials saw “significant uncertainty” in June over future interest-rate decisions and expressed concern about higher inflation while expecting it to decline, according to minutes of the session.
- Iran’s top security panel said the country will pursue the production of nuclear fuel, warning against confrontation as the UN Security Council drafts a binding resolution requiring suspension of the work.
USA Today:
- A bill in Congress that would create a nationwide database to track registered sex offenders who haven’t updated their locations has the support of some key legislators.
NY Times:
- US baby boomers are getting creative with their funeral arrangements, by adding personal touches reflecting aspects of their lives, personalities or careers.
- US Congressional negotiators yesterday reached a preliminary oral agreement on a set of legislative amendments that seek to keep more pension plans from failing and being taken over by the federal government, citing Republican Senator Michael Enzi.
- Federated Department Stores(FD) Macy’s will be the subject of a new reality television series on Women’s Entertainment cable network later this year.
LA Times:
- Mattel(MAT) plans to sell a “plug and play” video-game system that’s geared toward pre-teen boys.
Washington Post:
- Switzerland faces an increase in Islamic extremism and Swiss security officials say the neutral nation may become a target for violence.
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