Three factors to affect China's economy in second half year - 2005-08-15
The uncertainty of a soft landing in the real estate sector, significant slowdown of the export growth and tight money supply are the three problems that will influence China's economy in the second half year, says an article published by the Macro-Economic Institute under the National Development and Reform Commission.
Read the full story at People's Daily Online

Pricey Oil Causes No Pain for Expanding U.S. Economy: David Pauly - 2005-08-15
Still baffled because rising short- term interest rates haven't cooled off the U.S. economy, economic forecasters now have to be wondering why record oil prices haven't done the job either.

Oil has surged almost by half in the past 12 months, reaching levels that history says would have already cut into corporate profits, squeezed consumer budgets and caused a recession -- as it did in the 1970s and early 1980s.
Read the full story at Bloomberg