China's Economy Slowing Down

What is the potential impact to the US economy as China's (and the global) economies begin to slow down?  These articles from Forbes and The Economist give some insight.

China Slowdown?

http://www.economist.com/node/21562221

EPA Standard May Force Closure of Power Plant

Here are two articles from KSL, one from yesterday and the other from December 2011 regarding the potential closing of a coal-fired power plant in Carbon County.

http://www.ksl.com/?nid=960&sid=18588379

http://www.ksl.com/index.php?sid=22384123&nid=481

A Brief Break from Economics

Sometimes it is fun to just go off in a different direction and take a break from traditional economic topics.  Here is an article from Forbes Magazine on job interviewing that I found interesting.  As a follow up to the Career Development Conference, see how this information compares with what you learned on Wednesday.

Top 5 Interview Mistakes

GDP Q2 Growth Revised Downward

Even though corporate profits were revised upward, the Commerce Department revised GDP growth for the second quarter downward from 1.7% to 1.3%.
Read about it here.

GDP growth revised downward

Fed Announces Third Quantitative Easing

In an unprecedented move, the Federal Reserve announced today that it will purchase up to $40 billion per month in mortgage-backed securities in hopes of bolstering economic recovery.  According to USA Today, "the Fed has spent $2.3 trillion since late 2008 buying Treasury and government-backed mortgage bonds in an effort to push down longer-term interest rates that consumers and businesses pay to borrow, and to steer investors from bonds into stocks."  Read the full article here.

http://www.usatoday.com/money/business/story/2012/09/13/federal-reserve-decides-to-trigger-third-easing-to-help-economy/57776656/1

Oil Prices Up Following Attack

Oil Prices rise following attack on US consulate in Libya.  Will more unrest cause prices to spike? Read about it here.

http://www.boston.com/business/news/2012/09/13/oil-price-after-attack-consulate-libya/ymw4YWHgWXAWKnskQBuqyI/story.html

Debt Surpasses $16 Trillion

CNBC interviews Senator Lindsey Graham regarding the debt, debt ceiling and other issues relative to the national debt.  Watch the video here:

http://video.cnbc.com/gallery/?video=3000114406