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Noteworthy News – 9/12/2010


U.S. poverty rates reach 1960’s crisis levels: 45 million Americans, or 1 in 7, are considered “poor” – Yahoo News

Inflation in China Is Rising at a Fast Pace – New York Times

The Myth of Chinese Competitiveness – Are low wages China’s strength or weakness? - Research Institute of Economy, Trade & Industry

Doomsday warnings of US apocalypse gain ground – The Raw Story


Investors, prepare for volatility – Reuters

Oil Rises For Second Day Amid Optimism About Economic Recovery in the U.S. – Bloomberg

Australian Dollar Climbs to Four-Month High on China Outlook; Kiwi Gains – Bloomberg

Treasury 10-Year Note Yields Climb to One-Month High on Economy – Bloomberg


Top Earners Lose Cost of BMW If Bush Tax Cuts Expire – Bloomberg

Would raising taxes on the rich help or hurt the U.S. economy? – Miami Herald


Global regulators agree on tougher Basel III bank rules – Reuters

Banks told to double their cash reserves – Telegraph

SEC chief pledges better bank oversight – Salt Lake Tribune

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