Heating degree days are a measure of how long and how far the temperature stays below 65 degrees, that being the point at which people reach for their thermostats.

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Currently, China has less than 100 vehicles per 1000 people, far below even relatively undeveloped economies like Mexico, Hungary, Poland and the Czech Republic.

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Just back from China, Setser reports that the Chinese are up in arms about their loss on an investment in the Blackstone Group (nyse: BX - news - people ) buyout firm, which is far below its initial offering price.

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