China Prepares Vast Stimulus as Slump Threatens Asia – Telegraph  “China has ditched its reform strategy and prepared a vast stimulus package as the country’s soft-landing turns uncomfortably hard, with recession warnings flashing across East Asia. China’s policy shift is bitter-sweet for the West. While new stimulus will help lift the whole world, the mercantilist measures slipped into the mix will add to global woes. Analysts are watching very closely to see which of the two is bigger.”

Greece on Brink of Bankruptcy as Cash Reserves ‘Near Zero’ – Financial Post  “Near-bankrupt Greece is fast running out of cash while it waits for its next installment of aid from international lenders, a deputy finance minister said this week, sounding the alarm on the country’s precarious financial position. Greece’s European partners have repeatedly promised the country will be funded through August, when it must repay a 3.2 billion euro bond, but the details of the funding have yet to be disclosed. In the absence of that money, Greece would run out of funds to pay everyday public expenses ranging from police and other public service wages to pensions and social benefits.”

To Heal Our Sick Economy, First Do No Harm – Investor’s Business Daily  “President Obama’s policies have not healed America’s sick economy. Why? Many of us think it’s because, in the words of the Economist magazine, he ‘has regulated to death a private sector he neither likes nor understands.’ … As America approaches its 42nd consecutive month of unemployment over 8%, we need Washington to change direction. It needs to lower taxes, not raise them; reduce red tape, not increase it; control our spending, not pile up more debt; free Americans’ entrepreneurial spirit, not stifle it.”

Ann Romney Slammed for $990 Shirt, Michelle Obama Praised for $6,800 Jacket – Fox News  “’The media’s overabundant love affair with the Obamas has become increasingly blatant as this election draws nearer. Scrutinizing Mrs. Romney for a fashion choice that cost considerably less than that of the First Lady is yet another example of the media being purely sanctimonious,’ former political publicist Angie Meyer told FoxNews.com. ‘The media continues to relish their roles as liberal bullies, and have relentlessly bullied the Romneys from the beginning. It is pure hypocrisy at its finest.”’

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