It's the economy (Wednesday, August 4, 2010)

The loonie moves past 98 cents, Natural Gas recovers in BC and the tycoons of China, some of our items of note for Wednesday.

Globe and Mail-- Jazz to launch winter hot spot service
Globe and Mail-- Vancouver homes market goes cold
Globe and Mail-- Three-quarters of spilled Gulf oil gone, officials say
National Post-- Loonie closes above 98 cents for first time since May
National Post-- Google pulls the plug on Wave
National Post-- Turns out yuan appreciation not such a big deal after all
Vancouver Sun-- B.C. Lower Mainland real estate sales plummet in July
Vancouver Sun-- B.C. natural gas drillers should see modest recovery in 2010
New York Times-- For Fannie Stock, Even Betting Pennies Is a Risk
New York Times-- Toyota Posts $2.2 Billion Quarterly Profit
New York Times-- How Much Debt Should Households Have?
USA Today-- 40 wealthy families pledge to donate their money to charity
USA Today-- Ford says its UAW deals are bringing back overseas jobs
Guardian UK online-- Double dip recession fears as service sector growth stalls
Guardian UK online-- Profits show Lloyds can float in calm waters
Guardian UK online-- Services PMI: what the economists say
The Independent-- Most of BP oil spill has gone, says US
The Independent-- The ripple effect of well-intended energy policies
Telegraph UK online-- Wheat storm will soon blow itself out
Telegraph UK online-- Food set to get more expensive for British shoppers
Telegraph UK online-- Ecuador's 'Amazon bonds': how to raise $3.6bn for doing nothing
Melbourne Herald Sun-- Struggling tourism warns Gillard, Abbott
Melbourne Herald Sun-- Rio to pour $866m into Pilbara
Sydney Daily Telegraph-- Capital city house prices up 18 per cent from last year - ABS
People's Daily-- Top 10 runaway Chinese tycoons
People's Daily-- Is world's center of gravity "moving eastward"?
China Daily-- Experts urge fairer income distribution
China Daily-- Sino-Russian trade poised to bounce back
Times of India-- Delhi gets new industrial policy
Times of India-- India will need 1,150 aircraft, says Boeing