Pope blasts capitalism ahead of G-8 meeting

Pope Benedict XVI, on the eve of a global economic summit, lashed out at modern capitalism for being shortsighted and short on ethics. “Today’s international economic scene, marked by grave deviations and failures, requires a profoundly new way of understanding business enterprise,” the pontiff said in his third encyclical letter, “Charity in Truth,” which was released Tuesday.

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Yes, I Suck: Self-Help Through Negative Thinking

In the last 50 years, people with mental problems have spent untold millions of hours in therapists’ offices, and millions more reading self-help books, trying to turn negative thoughts like “I never do anything right” into positive ones: “I can succeed.” For many people — including well-educated, highly trained therapists, for whom “cognitive restructuring” is a central goal — the very definition of psychotherapy is the process of changing self-defeating attitudes into constructive ones. But was Norman Vincent Peale right Is there power in positive thinking A study just published in the journal Psychological Science says trying to get people to think more positively can actually have the opposite effect: it can simply highlight how unhappy they are

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Ex-Goldman employee out on bail in code theft case

A former Goldman Sachs employee accused of stealing a proprietary computer code to the firm’s trading program is out on bail, according to court documents. The chairman of BP Capital Management announced Tuesday that his plans for the Pampa Wind Project, designed to generate 4,000 megawatts of electricity using thousands of wind turbines, is on hold. “I had hoped that Pampa would be the starting point, but transmission issues and the problem with the capital markets make that unfeasible at this point,” Pickens told CNN’s Ali Velshi

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Analysis: Is Palin the next GOP ‘kingmaker’?

Alaska Gov. Sarah Palin caught the political world by surprise when she announced that she will resign at the end of July. Her decision has not only rankled political pundits and observers in Alaska and across the country, it has, oddly enough, united Democrats and Republicans in confusion.

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Cavendish wins again as Armstrong moves up

Mark Cavendish has won the third stage of the Tour de France to cement his reputation as the fastest man in cycling, following a devastating spell of riding by his Team Columbia colleagues. Cavendish, who is now becoming unbeatable in sprint finishes, once again showed his rivals a clean pair of heels, beating Norwegian Thor Hushovd to the line at the end of a dramatic 196km stage from Marseille to La Grand Motte.

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Iran frees British embassy worker, leaving 1 jailed

Iran has released a British embassy staffer, leaving one of the embassy’s local staff in jail, the Foreign Office in London said Monday. “We are confirming that one of our staff remains in detention,” a Foreign Office representative told CNN, declining to be named, in line with British government policy. “It remains our top priority to get all our staff freed.” A leading Iranian cleric said Friday that the remaining British embassy staffer could be tried for inciting unrest in the wake of Iran’s disputed June 12 presidential election

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Wimbledon champion Venus crushes Safina

Defending champion Venus Williams ensured the Wimbledon final would be another family affair with a devastating performance against Russia’s Dinara Safina in Thursday’s second semifinal. Third seed Venus produced an awesome display on Centre Court, crushing world No.1 Safina 6-1 6-0 in just 51 minutes, after sister Serena had earlier won an epic three-set semifinal against Elena Dementieva. There was no way five-times champion Venus, was being sucked into such a dogfight.

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