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The Two-Way
9:36 am
Mon July 2, 2012

Manufacturing Sector Shrank In June, Report Signals

For the first time since July 2009 a gauge of how U.S. manufacturers are doing is signalling shrinkage in the factory sector.

The Institute for Supply Management says its June "PMI" index stood at 49.7, down from 53.5 and the first time in nearly three years that it wasn't above 50 — the line between growth in manufacturing (an above 50 reading) and contraction (below 50).

A subcategory of ISM's report — its measure of new orders — also fell below 50, to 47.8.

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Asia
9:09 am
Mon July 2, 2012

'Political Crisis' Faces Hong Kong's New Leader

Hong Kong Chief Executive Leung Chun-ying and his wife, Regina, shake hands with supporters Sunday during a flag-raising ceremony to mark the 15th anniversary of Hong Kong's handover to China. Leung was sworn in as Hong Kong's third leader amid growing discontent with China's rule over the Asian financial center.
Kin Cheung AP

Originally published on Mon July 2, 2012 11:36 am

It's a pretty bad first day at work when hundreds of thousands of people march through the streets calling for your resignation. That's what happened Sunday to Hong Kong's new leader, Leung Chun-ying, who was appointed by Beijing. The huge turnout presents new problems for China amid its own difficult power transition.

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The Two-Way
8:34 am
Mon July 2, 2012

Word Of The Day: 'Derecho'

Where you're most likely to be in the path of a derecho, and how often.
National Oceanic and Atmospheric Administration

Originally published on Mon July 2, 2012 5:35 pm

We learned a new word on Saturday, thanks to Korva's post about the devastating storm that has left millions without power from Ohio east through the mid-Atlantic states:

Derecho.

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The Two-Way
7:34 am
Mon July 2, 2012

Mexico's PRI Rises From 'Death Bed' With Return To Power

Enrique Pena Nieto and his family celebrated Sunday in Mexico City after he claimed victory in the presidential election.
Yuri Cortez AFP/Getty Images

"Mexico's old guard sailed back into power after a 12-year hiatus Sunday," The Associated Press writes, "as the official preliminary vote count handed a victory to Enrique Pena Nieto, whose party was long accused of ruling the country through corruption and patronage."

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