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Our pick of the Sunday papers!

Jim Riley

10th February 2008

There are some excellent articles on the economics front in today’s Sunday papers.The Observer has some thought provoking articles to get your teeth stuck into.

There is a s superb double page spread on the US economy. With the threat of significant economic slowdown during the all important election year voters are concerned:

In 2004, when George W Bush retained the White House, the economy barely figured in the election campaign. But since the credit crunch began to bite in earnest last summer, and with repossessions proliferating, it has shot up voters’ radar. According to a poll by the Washington Post last week, the economy recently overtook the war in Iraq as by far the most salient issue, as Democrats and Republicans choose their presidential candidates.

These growing levels of worry among the public help to explain the White House’s determination to implement an emergency economic stimulus package, worth $150bn (£77bn), representing 1 per cent of GDP. The measures were agreed with Democrats in Congress, and Bush was so keen to clinch a deal that he abandoned his long-held ambition of making his tax cuts permanent. But the sheer scale of the package - $100bn of tax rebate and $50bn in tax cuts for businesses - suggests it is a desperate attempt to prevent the economy sliding into a painful downturn, handing Clinton or Obama an easy target.

There is also a neat summary of the key economic policies put forward by the front runners in the presidential elections- Obama, Clinton and McCain.

Also well worth a read:

Last Orders Please Landlord- an article examing the implications for publicans of the credit crunch, smoking ban and changing lifestyles of UK consumers.

China buys its future from Africa- the ever increasing demand from China of Africa’s raw materials.

No more rate cuts: there’ll be no UK recession (Liam Halligan in the Sunday Telegraph)

Setting course for a neutral interest rate (David Smith in the Sunday Times)

Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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