It's the economy (Wednesday, July 28, 2010)

Getting ready for the next economic power, warnings of a second recession for the UK and China is warned on bad loans, some of the items of interest from the Wednesday financials.

Globe and Mail-- RIM aims to take bite out of Apple
Globe and Mail-- Enbridge spill yields fresh ammo for oil sands critics
Globe and Mail-- Shipping goods from Asia more costly
National Post-- Meet the world's next growth engine
National Post-- Did Washington avert a depression?
National Post-- Michigan spill fuels opposition to Enbridge pipeline
Vancouver Sun-- UBC study: Trade missions abroad don't work
Vancouver Sun-- B.C. to unveil new greenhouse gas emissions rules
New York Times-- Job Subsidies Also Provide Help to Private Sector
New York Times-- Asian Shares Down on New Signs US Economy Slowing
New York Times-- Obama Trumpets Democrats’ Small-Business Bona Fides
USA Today-- Homes will sell if priced right; foreclosures have impact
USA Today-- NYC cabs give up their crown
Guardian UK online-- No rush to raise interest rates, says Bank of England governor
Guardian UK online-- British Gas warns of rising energy bills as profits double
Guardian UK online-- EasyJet puts volcano costs at £65m
The Independent-- Stark warning of second recession in UK next year
The Independent-- Hayward: 'Sometimes you step off the kerb, and get knocked down by a bus'
Telegraph UK online-- BP chairman Svanberg must prove he was right to dump Hayward
Telegraph UK online-- China at risk of bad loans, warns IMF
Telegraph UK online-- Bank of England's Mervyn King warns over inflation
Melbourne Herald Sun-- A drink of Fosters - if the price is right
Melbourne Herald Sun-- More jobs will go, warns Thodey
Sydney Daily Telegraph-- Aussie sites difficult to find - Costco
People's Daily-- Economist: US to blame for financial crisis, global imbalances
People's Daily-- Proactive fiscal policy to continue
China Daily-- China gets top ranking in survey of world's emerging economies
China Daily-- PBOC says chances of double-dip slim
Times of India-- India to sign $775 million jet deal with British defence group BAE Systems
Times of India-- Now, get ready to pay fatter EMIs