Global Markets Reeling; China Flexes Its Muscle; Apologies
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The jobs report is mixed, the stock market's reeling and the global economy is in a tumble over Greek debts -- but it's not Arianna's fault, really! Tony says the budget Obama released is terrible; Bob agrees with him, saying the fundamentals are awry. Matt says you measure debt year over year, so ten-year projections are unreliable. But no one thinks the economy or the markets are doing anyone any good right now. Meanwhile China has begun to flex its muscle, complaining about Obama's decision to meet the Dalai Lama and provide military support to Taiwan. And finally, all those apologies! What's up with that? (Arianna Huffington is away.)
Links:
- Washington Post on economic woes, jobs report
- Wall Street Journal on worsening debt crisis
- Krugman on 'fiscal scare tactics'
- Dodd on need for financial reform
- Senate GOPs' reaction to Dodd's banking bill (WSJ)
- Credit Suisse experts' Economist article on bank resolution
- Andy Borowitz's column on Toyota
- Financial Times on China warning if Obama meets Dalai Lama
- George Wills' column on a 'growth lesson from China'
- LA Times article about Anthem-Blue Cross raising rates on individual health insurance policies
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