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Noteworthy News – July 25, 2011

Economy:

A boom in corporate profits, a bust in jobs, wages - Chron.com

Analysis: In debt row, hints of emerging-economy crises – Reuters

U.S. Growth Probably Slowed in Second Quarter - Bloomberg

Markets:

Stock futures, dollar fall on no debt deal – Reuters

Wall Street bracing for possible downgrade of U.S. credit – Washington Post

China’s spectacular real estate bubble is about to go pop – Telegraph

Making a case against unsustainable debt – Boston.com

Politics:

More About the Challenge of Attaining a Sustainable Federal Budget – Congressional Budget Office

$14 Trillion in Debt, But Who Owns All That Money? - The Atlantic

Greece defaults – Reuters

Details of Latest Euro-zone bailout Agreement – Wall Street Journal

Eurozone debt crisis: Greece bail-out is ‘a risk to EU’ – Telegraph


Banks:

Banks Pay Back TARP Funds by. . .Borrowing From Treasury – Contrary Indicator

Audit: Fed gave $16 trillion in emergency loans - Raw Story

Weak economy, housing weigh on US banks – AFP


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