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Noteworthy News – May 9, 2011


Made in the USA, Again: Manufacturing Is Expected to Return to America as China’s Rising Labor Costs Erase Most Savings from Offshoring – Boston Consulting Group

Employment: A dirty little secret and more graphs – Calculated Risk

U.S. employers add 244,000 jobs in April hiring spree: But the unemployment rate rises to 9% as more people look for work – LA Times

Portugal Says Economy to Shrink Twice as Much as Forecast Under Added Cuts – Bloomberg


Silver Plummets 27% in Week, Most Since 1975; Gold Futures Gain – Bloomberg

Class of 2011, Most Indebted Ever - Wall Street Journal

Bitcoin virtual currency challenges world’s centralized monetary systems –

Commodity prices remain volatile after sharp fall – BBC News

Fed’s Hoenig says easy money policy risks inflation – Reuters


GOP’s Debt Focus Seen Limiting Obama On Economy - NPR

U.S. Will Urge China to Boost Interest Rates in Washington Talks – Bloomberg


Goldman lobbying hard to weaken Volcker rule – Reuters

When will the Fed start caring about bank regulation? - Reuters

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