The Weekend Read: Blue Collar Blues

For much of 2010, the slumping economy was affecting white-collar, highly educated workers almost as much as it was affecting less educated and blue-collar workers. That’s no longer the case. In recent months, the economy has once again been easier on college graduates than it has on everyone else, much as it was during nearly all of 2008 and 2009.

The overall result is that the recession and its long aftermath have widened the portion of inequality that stems from education.

Last month, the share of four-year college graduates with jobs jumped to 74 percent, from 73.5 percent in April and 73.2 percent in January, according to Friday’s jobs report. That is the only educational group whose employment percentage is higher than it was in January.
– David Leonhardt,  NY Times

China
As China’s Workers Get a Raise, Companies Fret – NY Times
China’s rise vs. Asian rise – Korea Times
China’s Water Shortage:  Where the River Ends – FP
Chinese Slowdown May Lead to 75% Plunge in Commodities, S&P Says – Bloomberg
Fate of China property is global concern – FT
How China is Driving Demand for Gold – Market Watch
Li Na Dethrones Schiavone at French Open – NY Times

Commodities
Gold signaling hyperinflation? – MarketWatch
OPEC considers increase in oil output – FT

Companies
Could Apple still surprise at its conference? – MarketWatch
Ford announces 1.0-liter EcoBoost, its smallest engine ever – CNET
Goldman’s ‘Big Short’ Could Be a Big Problem – Atlantic
Sino Forest share fall hits Paulson fund – FT
The Apple Decade – CNBC
8 Important Facts From Groupon’s Unusual IPO Filing – Atlantic

Economics
A litany of special factors exposes the recovery’s fragility – Economist
Apologies – we need a toxic rethink on the economy – FT
Dealing with the evils of stagflation – FT
ISM service-sector index offers a bright spot – Barron’s
Macro policy and the recovery – Economist
Nonfarm payroll employment changed little (+54,000) in May – BLS
The great iPhone trade-off – FT
The Return of the Blue-Collar Downturn – NY Times
US home price double dip erases post-crisis gains – FT

Emerging Markets
Brazilian growth shows signs of softening – FT
Investors Pour More Money Into Emerging-Market Funds – WSJ

Europe
Anger mounts in Greece to bailout deal – Guardian
Euro in Crisis: Can it Survive? – Megan Mcardle
Greece: Ireland’s partner in crisis – Irish Times
Greece: Europe’s Lehman Brothers? – Elliot Wave
Intolerable choices for the eurozone, Martin Wolf – FT
The ECB’s stealth bailout – VOX
The EU’s Rules to Default By,  Daniel Gros – Project Syndicate
The Euro’s PIG-Headed Masters – Ken Rogoff
Trichet seeks single EU finance ministry – FT
What Will a Nuclear-Free Germany Cost? – TR

General
How To Choose the IMF’s Next Leader – Joseph Stiglitz
Why Agustín Carstens should not be next head of the IMF – Guardian

Geopolitical
Are We Prepared for a Multipolar World Economy? – Project Syndicate
Egypt’s demographic pressure – Where and how to create jobs? – VOX
US warns Beijing over South China Sea – FT
Yemen’s president injured in attack on palace – Wash Post

Markets
Don’t buy into Wall Street’s ‘summer rally’ promos – Wash Post
Martin Sass: Not a Flashy Investor, Just Successful – NY Times
No matter how you slice it, stocks not undervalued – Mark Hulbert
The World After QE2 – Barron’s
What the End of QE2 Means for the Stock Market – Forbes
Wall Street’s Random Walk Doesn’t Exist – Real Clear Markets

Monetary/Fiscal Policy
Bill Gross on Fed Policy, Investment Strategy – Bloomberg
Is There A Difference Between QE And Printing Money? – Forbes
Moody’s warns of US default – FT
Fed Considers Raising Capital Requirements for Banks – NY Times
US CREDIT-Debt worry draws speculators to US CDS – IFR
War of Ideas on U.S. Budget Overshadows Job Struggle – NY Times
Will the Fed do QE3? – Wash Post

Technology
How Friends Influence Gadget Adoption – TR
The digital wallet soon to be in every pocket – Reuters
Nvidia CEO, Qualcomm VP differ on ‘quad’ future – CNET
Peter Thiel Tells Why He Will Pay You to Drop Out of School – NY Times
Protein from Bones of 600K -Year-Old Mammoth Extracted Successfully – ScienceDaily
Tapping Quantum Effects for Software that Learns – TR
The Limits of Tornado Predictions – TR

Video:  China’s Li Na Wins French Open Championship

(click here if video is not observable)

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One Response to The Weekend Read: Blue Collar Blues

  1. Pingback: The Weekend Read: Blue Collar Blues | Wordwide News Exposed

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