China's fiscal stimulus is losing its effectiveness, S&P says
by CNBC
CNBC— China's fiscal stimulus is losing its effectiveness and is more of a strategy to buy time for industrial and consumption policies, S&P Global Ratings said.
CNBC—China may have to brace for a new wave of bond defaults, S&P says. China might see a new wave of bond defaults as soon as next year — the third round in about a decade, according to an S&P Global Ratings report released Tuesday.
Fortune—A U.S. manufacturing renaissance won’t create many good jobs—just look at Germany, S. Korea, China and decades of data, Harvard economist says. "Whether we like it or not, services such as retail, care work, and other personal services will remain the primary engine of job creation."
Reading Eagle—President Joe Biden says he’s ‘happy to debate’ Donald Trump. Trump says he’s ready to go. By AAMER MADHANI (The Associated Press) NEW YORK (AP) — President Joe Biden said Friday that he is willing to debate his presumptive Republican opponent, Donald Trump, later this fall – his most definitive comment yet on the issue. The comment came during an interview with the Sirius XM radio host Howard Stern, who asked […]