NEW YORK - June 15, 2010 - The risk of a double-dip Depression is growing, especially in the euro zone, where restructuring Greece's debt is inevitable, famous economist Nouriel Roubini told CNBC Tuesday.

Moody's became the second major agency to cut Greece's debt ratings to "junk" late on Monday, as it admitted that the country does not face immediate liquidity problems due to a joint IMF/EU aid package, but that the austerity program will probably weigh on its economic growth prospects.

DETROIT, Michigan - June 14, 2010 - Born out of the strife in the U.S. auto industry during the 1930s, the United Auto Workers union has long had a reputation for delivering fat contracts. Today UAW is staring at its own fading political power.

As the union prepares for its quadrennial convention Monday to select its next leaders, the UAW is confronted with questions over the steady erosion of its public image, a loosened grip on bargaining power, and the once-mighty union's very future.

GULF SHORES, Alabama - June 14, 2010 - Real estate agent Mike Reynolds had two desirable beachfront condos in escrow when the tide of crude from the Deepwater Horizon gusher washed over his business and left it looking about as appetizing as an oiled crab.

"I lost $20,000 in commission," Reynolds said. "The guy called and said he'd never be able to make any money off of them. He walked away from a $10,000 earnest-money check."

NEW YORK (PNN) - June 13, 2010 - The cost of fixing Fannie Mae and Freddie Mac, the mortgage companies that last year bought or guaranteed three-quarters of all U.S. home loans, will be at least $160 billion and could grow to as much as $1 trillion after the biggest bailout (i.e. theft of the Amerikan taxpayer) in Amerikan history.

LONDON, England - June 11, 2010 - The number of antidepressants prescribed by the NHS has almost doubled in the last decade, and rose sharply last year as the Depression bit, figures reveal.

MIAMI, Florida - June 10, 2010 - Florida held onto to its ranking in May as the third worst state in the nation when it comes to foreclosures, according to a RealtyTrac report.

One in every 174 Florida properties received a foreclosure notice last month. Only Nevada and Arizona were worse.

But May’s foreclosure rate in Florida is higher than April’s when 1 in every 182 homes saw a foreclosure action.

LONDON, England - June 8, 2010 - The price of gold rose to an all-time high point above $1,250 an ounce on Tuesday, as investors nervous about the weak state of the global economy sought safety in the precious metal.

At about 09.25 GMT on the London Bullion Market, gold hit a record $1,251.85 an ounce.

"Gold rallied to a new all-time high this morning as worried investors continue to pile in to the precious metal," said Rajesh Patel, head trader at financial betting firm Spread Co.

"We are seeing continued signs of stress in the financial markets and investors, novice to expert, are looking at gold now as a hedge against further turmoil." Gold is viewed as a safe-haven investment in times of economic trouble.