Mindful Money’s news round-up: Thursday 14th July 2011

14th July 2011

Story of the day:

Growth, public investments and jobs are what Italy needs – not the cuts proposed by Berlusconi's dogma-driven government – The Guardian

Italian debt: Austerity economics? That's dead wrong for us

 

And the best of the rest

Sharply divided by partisan bickering, President Barack Obama and top Republicans face growing doubts on Thursday about the prospects for reaching a deal to avoid a potentially disastrous debt default. – Reuters

Obama and lawmakers face fresh doubts on debt deal

 

Mumbai shares dip in early trading after a series of bomb blasts hit the city on Wednesday evening. – BBC

Mumbai stock markets slide on open after deadly blasts

 

It would be no surprise if governments and central bankers sometimes get nostalgic about the terrifying final months of 2008. – Telegraph

 Why Washington must be feeling nostalgic about the recession

 

In a dramatic turnaround, News Corp. has dropped its bid to own BSkyB, following a phone-hacking scandal in Britain, Wall Street Journal's Russell Adams reports

News Corp. Caves as Support Fades

 

Singapore's economic growth stalled in the second quarter as manufacturing activity in the country plunged. – BBC

Singapore's economy stalls as manufacturing slumps

 

New Zealand's economic growth has accelerated in the first three months of the year despite a devastating earthquake. – BBC

NZ's economy accelerates in first quarter despite quake

 

As gold hits a new record high, precious metals are still shining brightly among investors. – This Is Money

Silver and gold are 2011's best investment, as world economy worries still linger

 

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