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China Steps up Fight Against Property Speculation – ABC News Apparently, China (unlike the U.S. and many other countries) has a working definition of a bubble and is trying to be proactive in preventing its real estate market from overheating (and imploding) [my editorial] (tags: China mortgage real_estate bubbles)

Greek bailout plan signals new world disorder – The Globe and Mail The world's borrowing woes are shifting from developing economies to their advanced counterparts, many of which are exiting the crisis shouldering heavy debt burdens. Tackling those burdens is a war that a host of governments will fight for years to come, with or … Read more

The Future of American Jobs – Robert Reich …even if we enjoy a vigorous recovery that produces, say, 300,000 net new jobs a month, we could be looking at five to eight years before catching up to where we were before the recession began. (tags: unemployment economy recession)

MasterCard Set to Open An Online Shopping Mall – NYTimes.com Through a new partnership with an Internet company that specializes in personalized shopping, MasterCard is set to introduce a Web shopping mall on Monday that it says can pinpoint with considerable accuracy what its cardholders are likely to purchase. The site, called MasterCard Marketplace, relies … Read more

Greece Wins EU45 Billion Aid Pledge to Blunt Crisis (Update3) – Bloomberg.com European governments offered debt- burdened Greece a rescue package worth as much as 45 billion euros ($61 billion) at below-market interest rates as they try to end its fiscal crisis and restore confidence in the euro. (tags: Greece debt euro IMF)