July 15, 2011 Headlines: China Currency Update, Ford Jobs in KY, China and Rare Earths, and More
USAT: Nearly 17,000 apply for jobs at Ford’s Louisville, KY, assembly plant.
WSJ: China is bungling its efforts to make the Yuan more international. (Is anyone really surprised by this?)
Bloomberg: A look at Elkhart, Indiana, where unemployment was over 20% in March 2009: its mayor estimates the jobless rate won’t return to low levels for 12 more years.
MW: Manufacturing activity contracted in the NY region for the 2nd straight month.
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