Good morning, and welcome back from the holiday weekend.
The United States falls to second place in the World Economic Forum's new Global Competitiveness report. The WEF says Switzerland moved into first place as the U.S. markets have been looking weaker over the past year. Singapore comes in third.
A troy ounce of gold crossed the $1,000 mark today, thanks to a relatively weak dollar and some skittish investors.
China is taking steps toward making its yuan an international currency. First up: Offering investors in neighboring countries a chance to buy Chinese government bonds.
The global financial crisis has reached the Mongolian grasslands, NPR's Louisa Lim reports, with rural households piling on debt to get through.
A week ahead of the first anniversary of the Lehman Brothers collapse, economists are wondering what the heck happened. Paul Krugman took his gargantuan pass at it over the weekend. Krugman argues that the profession mistook the beauty of mathematical formulas for ground-level truth. Nancy Folbre goes a step further, arguing that economists mistook the market for the economy.
On the ground now: new signs that businesses are feeling mighty enough and confident enough about the future to pursue mergers (even hostile ones).
Comments
Discussions for this story are now closed. Please see the Community FAQ for more information.