In US news ...
• The taxpayer's shares. Mark Trumbull looks at the prospects for the American public's new investment in the auto industry. The consensus is clear: This is a rescue mission, not a moneymaking proposition. Word on the street is that most of the taxpayer money is gone for good.
• GM's local impact. Mark Guarino in Michigan on GM spreading the pain of further plant closings. Communities in and around Detroit can't help but be woebegone – even though many were already expecting the worst.
• Running California. With the state in financial shambles, who'd want to run for California governor? Dan Wood in Los Angeles looks at the six candidates emerging for the state's gubernatorial race next year, from mayors (Gavin Newsom) to Silicon Valley millionaires (Meg Whitman) to Jerry Brown.
• Rates also rise. Mark Trumbull finds two sides to interest rates starting to rise again – a sign that investors are regaining enough confidence to shift money from bonds back into stocks, but also signal bad news ahead for the deeply indebted and still borrowing federal government.