A labourer works at Changning Steel and Iron Factory in Changzhi, Shanxi province September 15, 2008. Weakening steel demand in China, the world's biggest maker, has raised doubts about when -- or if -- Beijing will scrap export rebates to hold down domestic prices, a move that could support falling global spot prices.
Generous rebates are offered at a Chrysler-Jeep-Dodge dealership in Torrance, Calif., Tuesday, Aug. 19, 2008. Wholesale inflation surged in July, leaving U.S. prices for the past year rising at the fastest pace in 27 years, according to government data released Tuesday. The Labor Department reported that wholesale prices shot up 1.2 percent in July, pushed higher by rising costs for energy, motor vehicles and other products.
Spain's Prime Minister Jose Luis Rodriguez Zapatero addresses the media during a news conference at Moncloa Palace August 14, 2008. The Spanish government on Friday approved the elimination of inheritance taxes and rebates on value added taxes to inject 7.8 billion euros into the ailing economy it is battling to save from contraction.
Spain's Prime Minister Jose Luis Rodriguez Zapatero addresses the media during a news conference at Moncloa Palace August 14, 2008. The Spanish government on Friday approved the elimination of inheritance taxes and rebates on value added taxes to inject 7.8 billion euros into the ailing economy it is battling to save from contraction.
Spain's Prime Minister Jose Luis Rodriguez Zapatero arrives for a news conference at Moncloa Palace August 14, 2008. The Spanish government on Friday approved the elimination of inheritance taxes and rebates on value added taxes to inject 7.8 billion euros into the ailing economy it is battling to save from contraction.
Spain's Prime Minister Jose Luis Rodriguez Zapatero addresses the media during a news conference at Moncloa Palace August 14, 2008. The Spanish government on Friday approved the elimination of inheritance taxes and rebates on value added taxes to inject 7.8 billion euros into the ailing economy it is battling to save from contraction.
Spain's Prime Minister Jose Luis Rodriguez Zapatero addresses the media during a news conference at Moncloa Palace August 14, 2008. The Spanish government on Friday approved the elimination of inheritance taxes and rebates on value added taxes to inject 7.8 billion euros into the ailing economy it is battling to save from contraction.
Spain's Prime Minister Jose Luis Rodriguez Zapatero addresses the media during a news conference at Moncloa Palace August 14, 2008. The Spanish government on Friday approved the elimination of inheritance taxes and rebates on value added taxes to inject 7.8 billion euros into the ailing economy it is battling to save from contraction.
Spain's Prime Minister Jose Luis Rodriguez Zapatero addresses the media during a news conference at Moncloa Palace August 14, 2008. The Spanish government on Friday approved the elimination of inheritance taxes and rebates on value added taxes to inject 7.8 billion euros into the ailing economy it is battling to save from contraction.
Spain's Prime Minister Jose Luis Rodriguez Zapatero addresses the media during a news conference at Moncloa Palace August 14, 2008. The Spanish government on Friday approved the elimination of inheritance taxes and rebates on value added taxes to inject 7.8 billion euros into the ailing economy it is battling to save from contraction.
Spain's Prime Minister Jose Luis Rodriguez Zapatero addresses the media during a news conference at Moncloa Palace August 14, 2008. The Spanish government on Friday approved the elimination of inheritance taxes and rebates on value added taxes to inject 7.8 billion euros into the ailing economy it is battling to save from contraction.
People walk down Chicago's Michigan Avenue with bags after shopping on the Magnificent Mile Thursday, July 31, 2008. The country got a pickup in the second quarter but didn't get the energetic rebound in economic growth hoped for from the government's tax rebates. Economists were forecasting growth at a 2.4 percent pace. The pickup, while welcome, isn't likely to be seen as a signal that the fragile economy is growing healthier.
A woman carries her bag after shopping on State Street in downtown Chicago on Thursday, July 31, 2008. The country got a pickup in the second quarter but didn't get the energetic rebound in economic growth hoped for from the government's tax rebates. Economists were forecasting growth at a 2.4 percent pace. The pickup, while welcome, isn't likely to be seen as a signal that the fragile economy is growing healthier.
Shoppers walk in front of shoe store at a shopping mall in San Francisco, Thursday, July 31, 2008. The country got a pickup in the second quarter but didn't get the energetic rebound in economic growth hoped for from the government's tax rebates. Economists were forecasting growth at a 2.4 percent pace. The pickup, while welcome, isn't likely to be seen as a signal that the fragile economy is growing healthier.
Shoppers leave a Bloomingdale's store at a shopping mall in San Francisco, Thursday, July 31, 2008. The country got a pickup in the second quarter but didn't get the energetic rebound in economic growth hoped for from the government's tax rebates. Economists were forecasting growth at a 2.4 percent pace. The pickup, while welcome, isn't likely to be seen as a signal that the fragile economy is growing healthier.