July 13, 2011 Headlines: China's Economy Grows at 9.5%, US Manufacturing Layoffs Up, and More
BI: Is China’s leading export to the US unemployment?
NYT: The case for a national infrastructure bank.
China’s economy grew 9.5% in the 2nd quarter. (The US estimate is 1.8%, by contrast.) (Bloomberg) Chinese industrial output was up over 15% (Reuters).
Shop Floor: US manufacturing layoffs exceeded new hires in May.
WSJ: The wider US trade deficit lowers growth forecasts for the 2nd quarter.
Reuters: Some of the world’s most recognizable brands source products from polluting factories in China.
USAT: US clean technology jobs pay 20% better than the national average.
USAT: The Fed is worried about the economy, but will it act?
FT: China gets a key IMF post. Does this mean the IMF will mute criticism of China’s currency manipulation?
NYT: There are nearly 5 workers available for every job in the US.
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