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The emerging markets hub News and comment from more than 40 emerging economies, headed by Brazil, Russia, India and China. 'Like' our beyondbrics Facebook page, where we showcase a top story of the day After more than three years of fully open access, readers now need to register on FT.com to read beyondbrics articles for free. If you not yet registered, it's a simple process which only takes a few moments. What China now outsources to the US: fruit-picking | beyondbrics | News and views on emerging markets from the Financial Times
Why The President Doesn't Present A Bold Plan To Create Jobs And Jumpstart The Economy
August 1 is Army Day in China. Recent improvements in Sino-US military ties are welcome, but conflicting interests mean tensions might still be inevitable. Are China and US Destined to Clash?
How the deficit got so big The US continues to rack up more and more debt, with a deficit in the trillions. But how did we get here? Teresa Tritch for The New York Times examines: In 2001, President George W. Bush inherited a surplus, with projections by the Congressional Budget Office for ever-increasing surpluses, assuming continuation of the good economy and President Bill Clinton’s policies. But every year starting in 2002, the budget fell into deficit.
Editor’s note: Guest contributor Jon Bischke is a founder of RG Labs and an advisor to Altius Education, Fatminds and Udemy. You can follow him @jonbischke. It was the best of times. It was the worst of times. -Charles Dickens from A Tale of Two Cities For people who spend most of their days within a few blocks of tech start-up epicenters such as South Park in San Francisco, University Avenue in Palo Alto or the Flatiron district in New York, last week’s jobs report must have created some cognitive dissonance. A Tale Of Two Countries: The Growing Divide Between Silicon Valley And Unemployed America