What you need to know to navigate today’s economic debates.
Forget Aloof, Bernanke Goes Barnstorming (NYT)
Bernanke is on a publicity campaign with a message: the central bank is here to help, and it is not as mysterious or menacing as people might think.
A New Strategic and Economic Dialogue with China (WSJ)
Hillary Clinton and Timothy Geithner call for a renewed relationship with China, citing that neither country can solve the global problems alone.
The SE&Ds of Change (NewRepublic)
Previewing China’s first extended sit-down with the Obama administration.
China’s Hidden Debt Problem (CNN)
Despite robust growth, the world’s third largest economy is potentially deeper in debt than originally thought.
U.S. May Push Bailed-Out Firms to Rework Pay: Report (Reuters)
A U.S. Treasury official overseeing compensation at firms that got big federal bailouts may renegotiate pay packages that he thinks are too generous.
High-Frequency Trading Faces Challenge as Schumer Presses SEC (BLM)
The third-ranking Senate Democrat, urges SEC to ban flash orders in some equity exchanges.
Past, Present And Future: All In the Numbers (WP)
This week, several important economic reports will be released shedding light on the economy’s recent past, its present and its future.
Loans Shrink as Fear Lingers (WSJ)
The total amount of loans held by 15 large U.S. banks shrank by 2.8% in the second quarter as bankers and borrowers refrain from taking risks.
Citi ‘Milestone’ as Washington Takes 34% Stake (FT)
The US government is poised to take a 34 per cent stake in Citigroup, increasing both its exposure to and influence over, the troubled financial group.