7:58am

Thu June 2, 2011
The Two-Way

After Sharp Drop Wednesday, Futures Hint At Better Day On Wall Street

Good morning.

There's a new study, as we just reported, that concludes the "global war on drugs has failed." It comes from the Global Commission on Drug Policy. The commission's members include former Secretary of State George Shultz, former U.N. Secretary General Kofi Annan and others who have held top policy posts around the world.

Other stories making headlines this hour include:

-- Better Day Ahead On Wall Street? "U.S. stock futures edged slightly higher Thursday after weak data sent shares tumbling in the previous session, with figures on jobless claims and sales updates from a slew of retailers likely to set the tone for the day." (The Wall Street Journal)

-- New Strain Blamed In Europe's E. Coli Outbreak: "The World Health Organization said Thursday that the E. coli bacteria responsible for a deadly outbreak that has left 18 dead and sickened hundreds in Europe is a new strain that has never been seen before." (The Associated Press)

From a related story by The Guardian: "World Health Organisation says fatal E coli is a mutant blend of two different varieties."

From a related story by the BBC: "Russia Bans Imports Of EU Vegetables."

-- Tornadoes Strike Massachusetts; At Least Four Dead: "Tornadoes roared through Massachusetts on Wednesday, as violent winds caused damage in at least 19 communities, ripping off roofs, uprooting trees, scattering debris and leaving at least four dead throughout the state." (WBUR)

From a related story by the Boston Globe: The twisters killed at least four people, injured many more and reduced "schools, churches, and homes to splinters along its destructive path."

-- Japan's Prime Minister Survives No Confidence Vote, But Says He Will Resign: "The Lower House of Japan's Diet has voted down a no-confidence motion against the Cabinet of Prime Minister Naoto Kan. ... Just before the Diet session on Thursday, Kan said at a meeting of his party's Lower House members that he intends to resign. He said he wants the party's younger generation to take over various responsibilities once he fulfills his role in handling issues related to the March 11th disaster and the crisis at the Fukushima nuclear power plant." (NHK English)

-- Romney To Enter Race For White House: Former Massachusetts Gov. Mitt Romney today will officially get into the race for the 2012 Republican presidential nomination. (Morning Edition)

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