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Sept. 29 (Bloomberg) — Japan, the world’s largest pork importer, will purchase about 70,000 swine carcasses from local herds to boost prices after an economic slump cut consumption and sent stockpiles to a 20-year high.
The government will allocate 292.9 million yen ($3.3 million) for a support program including assisting farmer groups [...]
Greg Mankiw offers this as President Obama’s next speech:
“There has been a lot of talk lately about taxing Cadillac health plans. Well, I have thought about this idea, and I have talked with my economic advisers, and we have decided that it indeed makes a lot of sense.
“Now some of you may wonder whether endorsing [...]
The Chicago PMI dropped below 50 again last month (via Briefing.com):
The expansion in the manufacturing sector hit a major speed bump as the Chicago PMI declined 3.9 points to 46.1 in September, well below the consensus expectation of 52.0. The drop below 50 signals a contraction in manufacturing.
The drop in PMI was mostly due to [...]
2nd quarter GDP was revised to a slightly better -0.7% from the original estimate of -1.0%:
Real gross domestic product — the output of goods and services produced by labor and property located in the United States — decreased at an annual rate of 0.7 percent in the second quarter of 2009, (that is, from the [...]
