The Wall Street Journal (July 20)
The U.S. unemployment rate stands at 9.5%. Nearly 45.5% of those without jobs, a record 6.7 million, have been out of work for six months or longer. President Obama is calling on Congress to extend unemployment benefits. The Wall Street Journal, however, objects. Extending benefits keeps “people out of the job market” by encouraging them to wait for better jobs.
Tags: Jobs, U.S., Unemployment
The Financial Times (July 19)
What a difference a decade makes! In 2009, China consumed 2,252 million tons of oil equivalent, approximately 4% more than the U.S. In 2000, the U.S. used twice as much energy as China! China has also replaced the U.S. as Saudi Arabia’s biggest oil customer and Japan as the world’s largest importer of coal.
What a difference a decade makes! China passed the U.S., consuming 2,252 million tons of oil equivalent in 2009, approximately 4% more than the U.S. In 2000, the U.S. used twice as much energy as China! China has also become the world’s largest importer of coal and Saudi Arabia’s biggest market for oil exports.
