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Schwarzenegger legacy entwined with fiscal crisis (AP)

California voters gave Arnold Schwarzenegger a single, blockbuster-sized mission when they sent him to Sacramento six years ago in an unprecedented election: Fix California’s chaotic budget system, once and for all.

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ALL BUSINESS: Cash is king for investors (AP)

That old saying “cash is king” certainly rings true these days. Investors can’t seem to get enough of it, which ultimately could be bad news for the stock market and the economy.

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GOOD MORNING — July 04, 2009 (PR Newswire)

transmitting news releases, advisories and other information to the news media around the United States since 1954.

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Malaysia makes bold changes in race-based policies (AP)

The economic downturn is allowing Malaysia’s leader to chip away at an affirmative action program for Malay Muslims that has been considered virtually untouchable in the past.

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Forex Trading Weekly Forecast - 07.06.09 (Daily FX)

US Dollar Still Range Bound, But Risk Aversion Creates Bullish Potential Euro Volatility Likely as Central Bank Delivers Interest Rate Decision Japanese Yen To Strengthen As Risk Appetite Wanes British Pound May Remain Under Pressure Ahead of BoE Rate Decision Swiss Franc May Fall If Bulls Give Up Fight Against Intervention Canadian Dollar To Weaken Further As Labor Market Falters Australian Dollar At Risk as Investors Weigh Outlook For Future Policy New Zealand Dollar Selling Ahead If Stock Markets Turn Lower

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