Thursday, July 01, 2010

It's the economy (Thursday July 1, 2010)

BC's lagging minimum wage, Adapting to depressionary times and a triple whammy for the middle class, some of the financial items of interest for Thursday.

Globe and Mail-- Immelt hits out at China, Obama
Globe and Mail-- Weak U.S. numbers cast doubt on recovery
Globe and Mail-- BP spill becomes Gulf's biggest
National Post-- U.S. markets continue slide
National Post-- Has Wall Street got better at managing risk
National Post-- Low rates may be creating 'zombie banks'
Vancouver Sun-- B.C. minimum wage lags too far behind
New York Times-- Debate Heats Up Over Oil Sands
New York Times-- On Edge, Awaiting Jobs Data
New York Times-- The State Budget Disaster
USA Today-- If a depression is on your mind, here's what to do
USA Today-- June auto sales post worrisome drop from May
Guardian UK online-- Budget office's forecasts of 2m jobs questioned
Guardian UK online-- European banks calm fears of funding crisis
Guardian UK online-- BP aims to raise $9bn from sale of South American assets to China
The Independent-- Lloyds to shed 1,850 jobs
The Independent-- Ireland out of recession as exports jump
Telegraph UK online-- Spectre of an economic relapse stalks markets as China wobbles
Telegraph UK online-- China seeks $9bn of BP assets in Argentina
Telegraph UK online-- Middle class families face a triple whammy
Melbourne Herald Sun-- New year starts in reverse gear
Melbourne Herald /sun-- $3bill blow as Chinese put off mine
Sydney Daily Telegraph-- Julia Gillard strikes deal on super profits tax
People's Daily-- China to build two new railways in underdeveloped western regions
People's Daily-- Emerging economies should have more say in setting global accounting standards, Chinese finance official
China Daily-- Chinese provinces to raise minimum wages
China Daily-- India may lift curbs on cotton exports to China
Times of India-- Food inflation falls to 12.92%
Times of India-- Sumitomo buys into Kotak Bank

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