Continuing jobless claims pop again, S&P fires a warning shot over the U.K.'s bow
In other news, Standard & Poor's cut its outlook on the U.K.'s sovereign debt rating to "negative" from "stable." That means the country's AAA rating is at risk. Britain is drowning in debt due to falling tax revenue and surging spending on bailouts and other measures. Its deficit is on track to hit 12.4% of GDP this fiscal year. Hmm. Can you think of another country that sounds a lot like the U.K.?