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NPR's Eric Weiner reports that Japan's worst economic downturn since World War II has radically changed expectations of young college graduates. In years past, the country's corporate giants would go to the top schools and actively recruit new employees, who generally were given jobs for life. Now it is the students who are chasing employers. And many of them are not finding jobs. Some have given up on full-time employment and simply bounce from one part-time job to another while living with their parents.

Southern California Edison, one of California's cash-strapped electric utilities, defaulted to some of its creditors today. It failed to repay, at least temporarily, a 596-million-dollar wholesale electricity bill. The move brings the company a step closer to bankruptcy. The utility said the action was necessary to allow it to continue operations while state and federal officials seek a regulatory solution to California's power crisis. The state, meanwhile, declared another top level power emergency today, citing a shortage of natural gas needed to generate electricity. Scott Horsley reports.

Noah Adams talks with reporter Tom Gibb about a massive fire which has crippled an enormous 40-story offshore oil rig located 75-miles off Brazil's Atlantic coast. Officials are trying to prevent a spill of the 400,000 gallons of oil on board. The rig may sink within 48 hours. Three explosions on Thursday damaged a pillar supporting the rig; the explosions killed one worker and left nine others missing and presumed dead. The offshore rig was Brazil's top oil producer in the rich Campos Basin.

Paul Bremer, the new U.S. civilian administrator for Iraq, arrives in Bagdhad as part of a broad shake-up in the U.S. reconstruction team. Moving out of the country are four top U.S. administrators amid charges that the team has been too slow restoring basic services and has failed to ensure security. NPR's Guy Raz reports.

The top military commander in Iraq releases more information on the operation that led to the killing of Saddam Hussein's sons, Uday and Qusay Hussein. Members of the former Iraqi regime identified the bodies, and dental records indicate a near-perfect match on both men. Lt. General Ricardo Sanchez also announces the capture of no. 11 on the U.S. most-wanted list in Iraq. NPR's Guy Raz reports.

You can buy "full destroyed" high top sneakers. The sneakers come shredded and dirty. For a mere $1,850, you too, can look like you don't care how you look.

A top Palestinian official says he's hopeful that a "small window" of opportunity exists for peace with Israel in the wake of this month's cease-fire agreement. But Nabil Shaath, foreign minister for the Palestinian Authority, says Israel is moving too slowly on several issues.

British Prime Minister Tony Blair visits Iraq's new prime minister, Nouri al-Maliki, in Baghdad. British officials say the leaders spoke about the eventual departure of foreign forces from Iraq. Maliki has said his top priority is halting insurgent attacks and stemming sectarian violence that has wracked the country.

This Sunday, two of the world's top solo explorers will attempt to do what no one has ever done: travel 620 miles on an unsupported mission to the North Pole in the total darkness of Arctic winter.

Junior Senior's single "Move Your Feet" has spent nine weeks on Britain's top 10 pop charts and sold more than 200,000 copies. Now the Danish musical duo hopes to take America by storm. Their CD, Don't Stop the Beat, makes its U.S. debut Tuesday. Charles de Ledesma reports.