The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
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Second-quarter U.S. productivity rises 1.6%

WASHINGTON (MarketWatch)
U.S. productivity rose at a modest 1.6% clip in the second quarter, the government reported Wednesday, as output of goods and services rose much faster than the amount of time employees worked
Economists surveyed by MarketWatch expected productivity to climb by 1.3%
The Labor Department said output rose 2.0% in the April-to-June period, while hours worked increased at a slower 0.4% rate
That was down sharply from a 3.2% gain in hours worked during the first quarter
Unit-labor costs, meanwhile, slowed to a 1.7% increase from 5.6% in the first quarter
Hourly wages, after factoring out inflation, rose 2.6% to match the first-quarter gain
In the manufacturing sector, productivity slowed to a 0.2% increase from 5.5% in the first three months of 2012

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