August 2, 2011 Headlines: Congress Moves to Jobs (After Recess), Manufacturing Recession, China Currency Update, and More
WaPo: Time for Congress to pivot to jobs.
Credit Writedowns: Manufacturing may soon be in another recession.
NYT: There are 9.7 million more American out of work than jobs available right now.
As economy falters, Congress opts for austerity (Bloomberg). The weak economy may make the supercommittee’s job more difficult (USAT).
Can the Fed help the economy again (NYT)? The Fed will meet August 9 (Bloomberg).
WSJ: A new steel plant (yes, you read it right) rises in Youngstown, Ohio.
Reuters: China tightens its Yuan policy.
USAT: Is there another dot-com bubble?
HuffPo: Revaluing the Yuan will help lower our trade deficit with China.
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