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Since 2001, when China was admitted to the World Trade Organization, the growing trade deficit between the U.S. and China has cost America 2.8 million jobs, mostly in manufacturing, according to a study from the Economic Policy Institute released yesterday. More than 40 percent of the $194 billion increase in the trade deficit between the U.S. and China was due to imports of Chinese-manufactured computer and electronic parts.
I can’t help but think this is our own faults. We have been raised to want so many things. We have the tendency to want to pay little to noting for it.

UK Government Discusses Limiting Social Media
British officials met with representatives from Facebook, Twitter and BlackBerry to discuss ways of restricting social media use during periods of civil disruption Thursday. Among the items discussed: requiring users to use their real names on Twitter.
WikiLeaks Cables Show China’s Failure to Measure Air Pollution
China has refrained from measuring the most dangerous types of air pollution in an effort to avoid political consequences, according to U.S. diplomatic cables released by WikiLeaks on Wednesday.
Google Kills Slide in Favor of Google+
Google has allegedly decided to dissolve Slide, a social apps company it acquired last year for $182 million, as it shifts its social networking efforts to Google+.
Apple’s Stock Price Stabilizes
Investors seem to have shrugged off Apple‘s bombshell announcement on Wednesday that Steve Jobs was resigning as CEO. The company’s stock price, which had fallen as much as 7% in after-hours trading, was down less than 1% by mid-afternoon Thursday.
Further News
Our map of economic hell has all of this week’s bad news. Sorry, tumblr.
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