Chinese economists deem huge holding of US bonds "risky"

On the first day of U.S. treasury secretary Timothy Geithner's visit to China, the Beijing-based Global Times published a survey of 23 famous Chinese economists on Sunday, saying that the majority of them deemed the vast holding of U.S. bonds "risky."

http://news.xinhuanet.com/english/2009-05/31/content_11461910.htm



Leap in U.S. debt hits taxpayers with 12% more red ink

Taxpayers are on the hook for an extra $55,000 a household to cover rising federal commitments made just in the past year for retirement benefits, the national debt and other government promises, a USA TODAY analysis shows.

http://www.usatoday.com/news/washington/2009-05-28-debt_N.htm



Ohio Food Stamp Participation Rates Soaring

Figures show than one in seven people in Cuyahoga County, Ohio's most populous county, received food stamps in February, an 8 percent increase from one year ago.

http://www.newsnet5.com/money/19612177/detail.html



U.S. mortgage rate rise threatens housing recovery

A dizzying rise in U.S. mortgage rates this week has left homeowners worried about the government's ability to revive the housing market as a means to economic recovery.

http://www.reuters.com/article/email/idUSTRE54S60J20090529



Unemployment in U.S. Probably Surpassed 9% in May

Unemployment in the U.S. probably surpassed 9 percent in May for the first time in more than 25 years, underscoring forecasts that the economy will be slow to pull out of the worst recession in half a century, economists said before a report this week.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aSc829RcWzSc&refer=home


From Information Clearing House



http://freepage.twoday.net/search?q=US+bonds
http://freepage.twoday.net/search?q=Treasury
http://freepage.twoday.net/search?q=Geithner
http://freepage.twoday.net/search?q=national+debt
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=retirement
http://freepage.twoday.net/search?q=food+stamp
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=unemployment

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