...Real GDP in Japan fell 2.4% in the second quarter this year, after rising 3.2% in the first quarter. Japan's Cabinet Office revised real GDP for 2008 down to 1%, after growing at a healthy 2.1% in 2007. Business confidence is at its worst level since 2003...
On August 8, Georgia's military tried to retake South Ossetia, a semi-autonomous state along Georgia's border with Russia. In response, Russian extended its armored invasion inside Georgia to capture the city of Gori, and is moving on Abkhazia....
...Real GDP in Japan fell 2.4% in the second quarter this year, after rising 3.2% in the first quarter. Japan's Cabinet Office revised real GDP for 2008 down to 1%, after growing at a healthy 2.1% in 2007. Business confidence is at its worst level since 2003... 
