August 4, 2011 Headlines: Paltry Jobs Agenda, China Chides US on Debt Debate, Another Recession? and More

Posted by smorgante on 08/04/2011

WaPo: Obama’s jobs agenda? Really small stuff.

Politico: A preview of tomorrow’s jobs report.

USAT: Nancy Pelosi: Democrats want jobs, and want to pass China currency manipulation legislation.

China chides (WSJ) the US for debt ceiling debate (USAT).

Reuters: President Obama will head out on a bus August 15-17 to listen to Americans on jobs.

WSJ: Looks like low-wage call center jobs are coming back to the U.S.

Reuters: Stunning: New data shows US incomes down 15 percent 2007-2009.

Japan devalues (WSJ) the Yen. (This is not good for US manufacturing.) (Reuters)

NYT: Virtually every economic indicator is STILL below pre-recession levels.

Yahoo Finance: Unemployment rose in virtually every US city in June.

Bloomberg: Wal-Mart sales are dropping. Maybe it should add more American products?

CNN: China still favors its state-owned companies over the private sector.

HuffPo: America’s ten “sickest” housing markets include many areas with manufacturing job loss.

CT: Tavis Smiley takes a “poverty” tour to Chicago, home of President Obama.

IW: Julie Reiser: American wind power, made for the world.

Economist: Apple’s assembler Foxconn turns to robots since its Chinese workers are committing suicide, dying on the job and otherwise complaining about abysmal conditions.

Pro Publica: A great primer on the depth of our economic challenges, by the numbers.

538: Nate Silver: US is at least 17 percent behind long term GDP growth trend.

BI: Will the Fed do QE3?

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