Indian PM Urges Steps to Boost Economy

India’s national security is at risk if urgent steps are not taken to boost economic growth, attract new investment in infrastructure and legislate against corruption, Prime Minister Manmohan Singh said Wednesday.

China Is Running Out Of Money

Last week’s release of disappointing economic and trade data for July has, predictably, renewed calls for additional stimulus.  In May, Beijing ramped up its support for the economy, and observers had expected activity to pick up by last month.

Why has the economy so far failed to respond?  There are various reasons, but perhaps the most important is that the country is running out of money for stimulus.