Upper Bounds on epsilon'/epsilon Parameters B_6^{(1/2)} and B_8^{(3/2)} from Large N QCD and other News

We demonstrate that in the large N approach developed by the authors in collaboration with Bardeen, the parameters B_6^{(1/2)} and B_8^{(3/2)} parametrizing the K\to\pi\pi matrix elements _0 and _2 of the dominant QCD and electroweak operators receive both negative O(1/N) corrections such that B_6^{(1/2)} _0 implies for the corresponding parameter B_8^{(1/2)}=1.0\pm 0.2 to be compared with large N value B_8^{(1/2)}=1.1\pm 0.1. We discuss briefly the implications of these findings for the ratio epsilon'/epsilon. In fact, with the precise value for B_8^{(3/2)} from RBC-UKQCD collaboration, our upper bound on B_6^{(1/2)} implies epsilon'/epsilon in the SM roughly by a factor of two below its experimental value (16.6\pm 2.3)\times 10^{-4}. We also briefly comment on the parameter \hat B_K and the \Delta I=1/2$ rule.