By Mike Whitney
The only Bernanke policy that's worked so far has been flooding the market with money, which has has sent equities into orbit while the real economy continues to twist in the wind. Continue
UN says world's poor need $5bn: John Holmes, the UN humanitarian chief, said on Tuesday that more than $4.8bn of the agency's $9.5bn target for the year had yet to be raised - the biggest ever shortfall at the mid-year mark.
UK debt reaches $1.3 trillion: Britain's public sector debt has reached $1.3 trillion - the highest amount since records began 35 years ago.
China urges responsible U.S. policy, stable dollar: China will again press the United States at high-level talks next week to protect Beijing's extensive U.S. investments by pursuing sound policies and keeping the dollar stable, a senior official said on Wednesday.
States Where the Unemployed Are Giving Up: In some U.S. states, nearly half of the job seekers who have stopped looking for work have done so because they simply don't believe they'll find anything. Indeed, the number of discouraged workers nationwide has more than doubled in the past year.
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