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Amid China tensions, Southeast Asia looks to India

The dozens of vehicles that roared into northeast India this week on a rally from Indonesia symbolize deeper ties between the South Asian giant and Southeast Asia, but the dreadful roads along several parts of the 8,000 km (5,000 mile) journey also show how much remains to be done.

 

Black jobless rate is twice that of whites

Black Jobless Rate

In the quarter-century that Armentha Cruise has run her Silver Spring staffing firm, the nation has made strides toward racial equality. Voters have twice elected a black president, African Americans shine among Hollywood’s brightest stars, and the number of blacks who graduate from college has tripled.

 

U.S. December factory activity at eight-month high: Markit

U.S. manufacturing grew at its swiftest pace in eight months in December, buoyed by increases in domestic and overseas demand, an industry survey showed on Friday.

 

U.S. consumer prices post first drop in six months

U.S. consumer prices fell in November for the first time in six months, pointing to muted inflation pressures that should allow the Federal Reserve to stay on its ultra-easy monetary policy path as it nurses the economy back to health.

 

U.S. states inch closer to pre-recession prosperity

Economy

U.S. states are coming close to the end of a three-year trek back to the financial prosperity they enjoyed before the recession, according to a survey released on Friday that found the recovery is slow and uneven.

 

US retail sales rose 0.3 percent in November

Americans spent more online in November to start the holiday season and began to replace cars and rebuild in the Northeast after Superstorm Sandy.

 

Weekly US jobless aid applications drop to 343K

The number of Americans seeking unemployment benefits fell sharply for a fourth straight week, a sign that the job market may be improving.

 

Fed to Hold Rates Down Until Jobless Rate Is Below 6.5%

The central bank said Wednesday that it would maintain short-term interest rates near zero, even after it stops buying bonds, for as long as the unemployment rate stayed above 6.5 percent.

 

Weak exports, imports signal tepid economic growth

The trade deficit widened in October as exports suffered the biggest drop in nearly four years, indicating slowing global demand was spilling over into the already struggling U.S. economy.

 

China's money changes the landscape in Australia

Australian Landscape

Tony Clift's family has plowed the rich black soil of Australia's Liverpool Plains for six generations. The thought of selling never crossed his mind — until a Chinese company came to town. Shenhua Watermark Coal offered to buy farms at unheard-of prices. The decision wasn't easy, Clift says. His pioneer ancestors settled the land in 1832. But farming is a business nowadays, and selling his 6,500 acres (2,600 hectares) made business sense.

 

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