Unemployment Rises to 10.2%, Stoking the Economic Debate

After Wall Street stabilized last spring, it didn’t take long for the economy to become a political afterthought to the major battle of the year in Washington: health-care reform. But last Tuesday’s off-year election broke D.C.’s political trance like a brick through plate glass

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Top China banker warns on asset bubbles

China needs an “urgent” tightening of monetary policy to prevent the huge stimulus measures introduced this year from inflating stock and property bubbles, one of the country’s leading bankers has warned. Qin Xiao — chairman of China Merchants Bank, the country’s sixth-biggest — says in Thursday’s Financial Times that the government should not be afraid of a “moderate slowdown” in the economy.

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