Buffett declares U.S. economic emergency over (NYT)
In op-ed, says country is on slow path to recovery.
GM adds workers, overtime hours to meet increased demand (NYT)
“Cash for clunkers” spikes in sales bring 1350 idle union workers back to the floor.
Construction on single-family homes rises in July (Reuters)
Analysts say this shows recovery, though multifamily homes still down.
Backdating conviction overturned (Reuters)
Court of appeals says prosecutor lied to jury in closing statements.
German producer prices drop most since WWII (FT)
The 7.8 percent drop fuels deflationary fears across Europe.
Obama gets backlash over liberal Dems for health care move (FT)
Lawmakers vow to vote against any bill without a public option.
Economic downturn slows movement of foreign workers (FT)
Study finds legal immigrants from Mexico down 40 percent.
Cash for clunkers comes with everything but the cash (WaPo)
Dealers report extended wait times for promised monies.