It's the economy (Weekend Edition, June 19 and 20, 2010)

California on the brink, Canada in the big leagues and Gold shines amid gloomy financial skies, some of the weekend findings on the financial front.

Globe and Mail-- China to allow more exchange rate flexibility
Globe and Mail-- California on 'verge of system failure’
Globe and Mail-- Harper, Obama differ on best path to same goal
National Post-- RBC to fund programs helping Canadians avoid credit problems
National Post-- Conrad Black: G20 summit puts Toronto in a new league
National Post-- The most expensive golf clubs? You've probably never heard of them
New York Times-- Currency Revaluation to Be Gradual, China Says
New York Times-- In Budget Crisis, States Take Aim at Pension Costs
New York Times-- Cost of Seizing Fannie and Freddie Surges for Taxpayers
USA Today-- For proud BP employees, an awkward new reality
USA Today-- Bank failure is 83rd in '10; pace more than double last year's
Guardian UK online-- Budget will offer NI tax break for new firms in deprived areas
Guardian UK online-- BP 'to divest all North Sea assets' in dramatic attempt to reduce its costs
Guardian UK online-- Anger grows across the world at the real price of 'frontier oil'
The Independent-- Tuesday will be savage – but we'll be back on the road to normality
The Independent-- BP's troubles have only just begun
Telegraph UK online-- Britain will be on 'road to ruin' without spending cuts
Telegraph UK online-- Gold reclaims its currency status as the global system unravels
Telegraph UK online-- Budget 2010: Courage and conviction needed to tackle the worst crisis since 1976
Melbourne Herald Sun-- David Jones boss Mark McInnes quits over inappropriate behaviour
Melbourne Herald Sun-- It's business as usual as property eases back from fever pitch
Sydney Daily Telegraph-- Dollar could hit 90c again, say strategists
People's Daily-- China decides to further reform RMB exchange rate regime
People's Daily-- China's move on yuan reform widely welcomed
China Daily-- China's move on yuan reform widely welcomed
China Daily-- China to keep cost advantage: Minister
Times of India-- Govt ends regulators' turf war; IRDA to administer ULIPs
Times of India-- Will supply gas to Anil: Mukesh