China is out for China, period, and that is a stance that the US would be well advised to emulate, rather than being brainwashed (or bribed) into thinking that the interests of large multinational are aligned with national goals.
Yves Smith in her naked capitalist blog, writing about GE CEO Jeff Imelt's comments on China and Obama.
The Undeserving Unemployed New York Times
S.E.C. Tightens Rules on Public Pension Funds New York Times
Why Trash Deal Became a Gem Wall Street Journal
Jobless aid stalls in Senate; home buyers get more time Washington Post
There are actually people in this country who think it's good that our unemployment rate is at 9.7 percent (and that's a lowball figure; it's really higher than 16 percent when you count part-timers and discouraged job seekers). Susie Madrack at Crooks and Liars writes about the people who see a silver-lining in the jobs crisis thundercloud. She includes this lovely quote from an economist: