Tag: Economy
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China Economy to Overtake U.S. by 2016
China’s economy expanded last year at 7.8pc – its slowest pace in more than a decade – and recent data has fuelled concerns that any rebound in the country’s growth is losing steam. However, the OECD was upbeat, predicting in a new survey of China’s prospects that the country’s economy could expand by 8.5pc this…
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Jobless Claims Jump
In a separate report, a sharp rise in gasoline costs drove up wholesale prices last month by the most in more than three years. But outside energy and food, price gains were mild. Initial claims for state unemployment benefits rose 15,000 to a seasonally adjusted 382,000, the highest in two months, the Labor Department said…
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Spain – The New Greece (and we’re next)
Spanish trade unions are holding a general strike across the country today to protest new labor reforms, and by all accounts it has been a largely peaceful protest. While for the most part conditions on the ground are relatively normal, photos from Madrid, Barcelona, and Pamplona indicated that some young protestors are escalating the angst,…