Mindful Money’s news round-up: Friday 9th September 2011

9th September 2011

Story of the day:

From the Telegraph, 9/11: How Osama bin Laden caused our banking meltdown and financial crisis

And the best of the rest:

President Barack Obama called on Congress Thursday to pass a $447 billion package of spending initiatives and tax cuts to boost economic growth, in what might be the White House's last chance to revive its political fortunes before the 2012 campaign kicks into high gear, from the Wall Street Journal.

Obama's Bid to Spur Growth

In China's attempts to cool persistent price increases appear to be taking effect as the pace of inflation slowed in August from a three-year high in July, reported in the Financial Times.

Chinese inflation falls in August to 6.2%

And news from Japan from the BBC, Japan's economy contracted more severely in the second quarter than was initially estimated, revised government data has shown.

Japan economy weaker than estimated in second quarter

From the Independent, the OECD yesterday urged developed nations to be prepared to do more to support the global economy.

OECD slashes growth outlook for developed economies

Also from the Independent, Britain faces a very real chance that the lights could go out in the next five to 10 years, as its ailing energy infrastructure struggles to attract the massive investment needed to ensure a reliable electricity supply, according to a warning by the CBI.

Lack of infrastructure investment could leave Britain in the dark

The chancellor is putting in his 2 cents on the banking reforms, in This is Money, George Osborne has said it would be 'very foolish' not to protect the public from another banking bailout in the strongest hint yet that 'ring-fence' bank reforms will be pushed through by the government.

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