Midweek headlines

European Finance Heads Meet
European leaders meet again on Wednesday as fears grow that the European Central Bankmay not take action assertive enough to lower Spanish and Italian borrowing costs, reports the New York Times.

China Manufacturing Shows Further Decline
On Wednesday government data showed that the Purchasing Managers’ Index in China unexpectedly fell to 50.1 in July – its weakest in eight months.

Pressure Growing on Federal Reserve to Take Action
Will they or won’t they is the question as the Federal Reserve wraps up its two-day meeting and pressure from elected officials – who have failed to make progress on policies to spur the economy and tackle the debt – who are feeling their own pressure – from voters.

Few, however, see the Fed moving assertively any time soon.

Dan Senor – Mitt Romney’s Foreign Policy Brain
Canada’s Globe & Mail profiles Dan Senor, a former Bush administration official who is serving as the Republican candidates’s chief adviser on foreign policy issues.



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