NHK, the Japanese BBC, has a weekly program for kids that explains current news events in an easy to understand manners – appropriate for my mental capacity. The above visual was used when describing our current credit crisis – yes that is Bush at the helm.
Pursuing Wabi 
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Australia’s ABC also has a great condensed weekly news bulletin for kids called Behind the News. It aims at about 8-13 year olds: just right for me!