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Planet Money
2:43 am
Fri October 5, 2012

No One Trusts China's Unemployment Rate

Mark Ralston AFP/GettyImages

Originally published on Fri October 5, 2012 3:09 pm

Ask an economist like Eswar Prasad, who used to work at the International Monetary Fund, "So, do you know, what the unemployment rate in China is?"

And he'll answer, "We don't."

The official unemployment rate, put out by the government, Prasad says, is 6.5 percent, but according to him, "that number has no credibility at all."

He's not the only dubious one.

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Solve This
2:21 am
Fri October 5, 2012

Romney, Obama Far Apart On Closing Budget Gap

President Obama and Republican presidential candidate Mitt Romney finish their debate at the University of Denver on Wednesday.
Saul Loeb AFP/Getty Images

Originally published on Fri October 5, 2012 4:33 am

Here's one thing President Obama and Republican presidential candidate Mitt Romney could agree on during their first debate this week: Something has to be done about the enormous gap between what the federal government collects in taxes and what it spends.

But the two men fundamentally disagree on what to do about that budget deficit.

The Problem

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Europe
2:18 am
Fri October 5, 2012

Not Everyone In Spain Eager To Wager On EuroVegas

Spaniards protest the construction of the EuroVegas gambling complex at Puerta del Sol in Madrid last month.
Gustavo Cuevas EPA/Landov

Originally published on Fri October 5, 2012 3:03 pm

American billionaire, casino mogul and Republican donor Sheldon Adelson has a new project: a $35 billion gambling megacity in Europe. He has chosen debt-ridden Spain as the location for "EuroVegas," which is expected to bring up to 250,000 much-needed jobs.

But many Spaniards are divided over whether they want casinos in their backyard.

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The Salt
2:16 am
Fri October 5, 2012

Shake It Up, Baby: Are Martinis Made The Bond Way Better?

One martini; shaken, not stirred.
Karen Castillo Farfan NPR

Originally published on Fri October 5, 2012 7:12 am

In the movie Goldfinger, a minion of bad guy Auric Goldfinger asks 007: "Can I do something for you, Mr. Bond?"

"Just a drink," Sean Connery's Bond replies, deadpan. "A martini. Shaken, not stirred," he intones.

From Connery to Pierce Brosnan and Daniel Craig, this preference is repeated again and again in 007 flicks. (Check out this video montage for the full Bond effect.)

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Author Interviews
2:15 am
Fri October 5, 2012

Preventing Silicon Valley's 'Immigrant Exodus'

Wharton Digital Press

Originally published on Fri October 5, 2012 3:02 pm

A new study from the Kauffman Foundation shows that the number of immigrant entrepreneurs in the United States has fallen slightly. But according to Vivek Wadhwa, an author of the study, the drop is especially steep in Silicon Valley, long a magnet for the brightest and most ambitious minds from around the world.

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