President Obama's Ohio speech yesterday was designed to draw a contrast between his economic vision and Mitt Romney's. It was also meant to argue that the state of the economy doesn't hand his rival the keys to the White House.
NPR's Scott Horsley reports.
SCOTT HORSLEY, BYLINE: As initial unemployment claims ticked up again this week, President Obama said he's reminded every day just how tough things still are for many Americans. But he also expressed confidence that by working together, those challenges can be overcome.
This is MORNING EDITION, from NPR News. Good morning. I'm Renee Montagne.
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Here is a sneak preview of what we can expect a lot more of in the next few months: President Obama and his Republican rival Mitt Romney carrying on a long-distance debate over the economy. In this case, the distance was just 250 miles. Both men were in Ohio. Mr. Obama was in the Democratic stronghold of Cleveland, up along the Great Lakes. Romney was down in Cincinnati, near the Kentucky border.
A Chinese worker operates a machine at a factory in Binzhou in northeast China's Shandong province. China's exports and imports shot up in May year-on-year, the customs agency said on June 10, defying expectations amid a slowdown in the world's second largest economy.
In recent months, economic growth in China has not only slowed — it's slowed faster than most people expected. Last week, for the first time since the depths of the global financial crisis, the government actually cut lending rates to try to spur growth. All of this has people wondering: Where is the world's star economy headed?