Arts & Culture

Britain is a nation in shock, following Wednesday's announcement that its economy has slipped back into recession. It's the second time since the 2008 financial crisis, and it's raising new questions about the government's unpopular austerity measures.

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For the president, next week is being billed as the official launch of his re-election campaign. Mr. Obama will be holding rallies in the swing states of Ohio and Virginia. But it would be hard to tell a difference from this week, when Mr. Obama made a tour of college campuses in three other battleground states.

Earlier this month, a judge approved a settlement between five major banks and nearly all of the state attorneys general. The banks admitted to taking shortcuts — or "robo-signing" documents — as they pushed through some foreclosures.

Most of the $25 billion settlement is supposed to go toward reducing mortgage payments for some troubled homeowners. But lots of other programs have promised to help struggling homeowners in the past, and results have been disappointing.

Security professionals in both the U.S. government and in private industry have long feared the prospect of a cyberwar with China or Russia, two states capable of launching destructive attacks on the computer networks that control critical assets such as the power grid or the financial system.

Now they face a new cyberthreat: Iran.

"[The Iranians] have all the resources and the capabilities necessary to be a major player in terms of cyberwarfare," says Jeffrey Carr, an expert on cyberconflict who has consulted for the U.S. Department of Defense.