Noontime News is a snapshot of the news from the past 24 hours.


China’s secret? It owes Americans nearly $1 trillion

China has a secret: It owes American investors hundreds of billions of dollars.

The Chinese government doesn’t like to talk about it and the U.S. government doesn’t want to raise it. But decades ago, Beijing defaulted on debt owed to Americans, as well as investors and governments around the world. In one case, it was paid. In the rest it was not. More than 20,000 American investors own this debt. The U.S. government may also own Chinese war debt, unpaid since World War II.

Evidence released in Trayvon Martin death

A trove of evidence collected for George Zimmerman’s second-degree murder trial was made public Thursday, including the report that shows the lead detective originally wanted to file manslaughter charges because he said the whole encounter could have been avoided with better judgment and a little dialogue.

As NATO prepares to meet, Taliban attack reminder of volatility in Afghanistan

KABUL, Afghanistan — Three days ahead of a summit meeting in Chicago of NATO leaders to plot their countries’ departure from Afghanistan, the Taliban on Thursday provided a stark reminder of the challenges that lie ahead.

G-8 meeting at presidential retreat at Camp David, Md.

WASHINGTON _ U.S. presidents have long sought relief from battles inside the Beltway and have entertained visiting heads of state at Camp David, the presidential retreat nestled in a mountain range in nearby Maryland.

Pennsylvania Doctors Worry Over Fracking ‘Gag Rule’

A new law in Pennsylvania has doctors nervous.

The law grants physicians access to information about trade-secret chemicals used in natural gas drilling. Doctors say they need to know what’s in those formulas in order to treat patients who may have been exposed to the chemicals.

But the new law also says that doctors can’t tell anyone else — not even other doctors — what’s in those formulas. It’s being called the “doctor gag rule.”

U.S. Serves Up New Food Security Effort In Africa

The Obama administration is announcing a major new initiative to boost investments in rural Africa in hopes of lifting millions out of poverty. Several African leaders are in Washington, D.C., for the announcement, which comes as President Obama hosts leaders of the Group of Eight in Maryland. Food security is a key agenda item.

The Long, Long, Long Road To New Rules For Banks

Would that big, bad JPMorgan Chase trade have violated the Volcker Rule?

It’s too soon to say, despite the fact that the rule is part of a two-year-old law.

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