U.S. exports to China soar
American exports to China have increased 468 percent since 2001, and are up nearly 50 percent since 2008. The rise is attributed to the growing Chinese middle class, with the biggest U.S. export to the country being food, particularly soybeans, snack foods, pork, and dairy products.
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Libyan stock exchange to reopen
The Libyan stock exchange is expected to reopen this week, more than a year after the conflict that ousted former leader Muammar al-Qaddafi shut it down.
Reuters.com
Extreme poverty continues downward trend
Contrary to economists’ expectations, the global recession has not increased extreme poverty. The proportion of people living on less than $1.25 a day fell in every developing region between 2005 and 2008, according to the World Bank, and data from 2010 show the declining trend continuing.
The New York Times
Spanx founder makes World’s Billionaires list
Sara Blakely, the 41-year-old founder of Spanx, is the youngest female on this year’s Forbes annual World’s Billionaires list without an inheritance or help from a husband. She is estimated to be worth $1 billion thanks to the huge popularity of her company’s slimming undergarments for men and women.
Forbes
Airlines to increase overhead bin size
There might soon be more room for your carry-on luggage on airplanes. American Airlines, United, and Delta are outfitting some planes with bigger overhead bins to placate customers. Checked-bag fees have become a major source of airline revenue, but surveys have shown that customers who struggle to find bin space tend to have negative feelings about the entire flight experience.
Los Angeles Times
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Al fresco art: the UK's best sculpture parksThe Week Recommends Soak up the scenery with a stroll through these open-air galleries
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The bottom line
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The bottom line
feature Building bigger houses; And tuition at OSU is?; Christmas at McDonald's; Self-gifting at Christmas; Lloyd’s prepares for Hurricane Sandy claims; Google's billions
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The bottom line
feature Good results for the third quarter; Compensation at financial firms hits a high; Three cities with recovering economies; Good year for car sales; Broadway's best performance ever; Tax bite is less in 2010 than in 1980
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The bottom line
feature Airlines cut domestic flights; Income up in small cities and rural areas; Bond and Lincoln lift box office earnings; Don't be fooled by Black Friday; The high toll of identity theft
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The bottom line
feature The gender pay gap; U.S. economic growth; Parents who argue about money; Online subscriptions rise
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The bottom line
feature Can the U.S. keep up?; Airlines spend billions on runway taxiing; Americans exaggerate their working hours; The Dow Jones's 67.9 percent gain; Success and summer babies
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The bottom line
feature Consumer confidence jumps; Wall Street cuts jobs, raises pay; Goldman Sachs's muppet hunt; Desktop web searches decline; Pizza Hut scraps debate freebie