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Currency Manipulation

Is a Flat Tariff the Answer to America's Trade Mess?

Ian Fletcher | Posted 05.25.2011 | Politics
Ian Fletcher

Whether a flat tariff is ultimately the best trade policy for America is an open question, but it is worth considering the possibility simply because it sets a baseline, the "least we can do," for a solution.

Tide Turning on China Currency: Opponents Recycling Tired Arguments

Robert E. Scott | Posted 05.25.2011 | Business
Robert E. Scott

The real beneficiaries of cheap goods from China are workers with college degrees, and especially professionals, managers, executives and stockholders: those in the top 1 percent of all wage earners.

China's Currency Manipulation: Flipping off America

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

Earlier this year, the Obama administration asked China nicely to allow its currency value to float up naturally on international markets. China said it would. And then it didn't.

Appeasing China on Currency Will Doom Our Economy

Scott Paul | Posted 05.25.2011 | Politics
Scott Paul

Passing the Schumer-Graham bill in the Senate and Ryan-Murphy bill in the House would be two small steps in a larger effort to stop China's mercantilism and balance America's current account.

China Needs to Stop Playing Dirty on Clean Energy

James P. Hoffa | Posted 05.25.2011 | Green
James P. Hoffa

Millions of traditional American jobs have moved to China, and now China is thwarting our efforts to create new, renewable energy jobs to replace them.

Summers brings back bubkes from Beijng

Robert E. Scott | Posted 05.25.2011 | Business
Robert E. Scott

Larry Summers, Director of the National Economic Council, returned empty handed from meetings this week with Chinese President Hu Jintao and other sen...

When Government Fails: Grade F for Exchange Rates and Manufacturing

George T. Haley | Posted 05.25.2011 | Politics
George T. Haley

The social contract requires that the government provide the environment necessary for its citizens to achieve reasonable levels of Life, Liberty and Happiness. Right now, the American government is in breach of contract.

Note to Summers and Donilon: Dig into China's Mooncake Vouchers

Steve Clemons | Posted 05.25.2011 | World
Steve Clemons

Like the U.S. dollar -- which, despite the global frustration with American economic policy, overconsumption and underinvestment -- Chinese mooncakes, or the idea of them, are in huge demand.

Trade Enforcement Works. Thank You, Mr. President

Scott Paul | Posted 05.25.2011 | Business
Scott Paul

The skeptics were all wrong about trade enforcement The sky hasn't fallen. A trade war never materialized. Instead, America's tire workers are recording gains in jobs, production, and market share.

The Onshoring Trend Is Phony

Scott Paul | Posted 05.25.2011 | Business
Scott Paul

There's an explanation for why this "onshoring" myth has been perpetuated: it's what multinational companies want you to think.

We're Number 2, We're Number 2!

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

Allowing China to devalue its currency devalues American workers and businesses. Chinese currency manipulation is driving American manufacturers out of business and America workers into unemployment.

U.S. Politicians Deny the Obvious Injury; U.S. Manufacturing Bleeds

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

In the trade clash between China and America, the Asian giant has gravely wounded the US. China knows it. U.S. voters of all political stripes know it. But too many American politicians are in denial.

Chinese Cheating

Diane Francis | Posted 05.25.2011 | World
Diane Francis

It just seems to me that, like soccer, there has to be some way to level the playing field. But until victims organize, the Chinese and others will be able to move the goal posts.

Obama Games China

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

It will be interesting to see if all this face-saving, indirect pressure will work. With Brazil and others joining the fray, it's likely the yuan will start its quiet climb in May or June.

What Happened to the Middle Class?

Nathan Lewis | Posted 05.25.2011 | Business
Nathan Lewis

The U.S. middle class's path of success ended precisely when the gold standard currency system was replaced by the floating-currency system in 1971. Prosperity is built on the foundation of a stable currency.

Getting America's Trade Policy Back on Track

Andrew Romanoff | Posted 05.25.2011 | Denver
Andrew Romanoff

Thirty-five years ago, the United States exported more goods and services than we imported. That was the last time our nation ran a trade surplus.

Chinese Currency Manipulation is Real, But it's America's Fault

Ian Fletcher | Posted 05.25.2011 | Home
Ian Fletcher

Despite the Obama administration's desperate efforts to keep the issue off the boil, Chinese currency manipulation is back in the news again. Treasury...

The Coming Keynesian Catastrophe

Nathan Lewis | Posted 05.25.2011 | Business
Nathan Lewis

"Stimulus" is a great cover story for old-fashioned patronage and graft.

Are Fixed Exchange Rates Coming Back?

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

Fixed exchange rates are quite likely America's best bet to avoid being victimized by exchange-rate manipulation on the part of other nations.

Is China Trading Fair? CAF v. CATO On CNBC

Dave Johnson | Posted 05.25.2011 | Business
Dave Johnson

America's huge trade imbalance with China is the result of rulebreaking that has created a bubble that is expanding beyond all safe margins. It could lead to another worldwide economic disaster.

Obama's Biggest Giveaway to Wall Street -- Chinese Currency

Mike Elk | Posted 05.25.2011 | Politics
Mike Elk

Jim O'Neil, the chief economist of Goldman Sachs penned an op-ed in the Financial Times last week claiming that China wasn't manipulating their currency. How can this be possible?

The Mythical Concept of Trade War

Ian Fletcher | Posted 05.25.2011 | World
Ian Fletcher

Supposedly, no matter how bad our problems with our trading partners get, they are less bad than the catastrophe that would ensue if we walked away from our current policy of unilateral free trade.

Never Short the United States

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

Official figures point to optimism and job creation. The most critical job creation policy depends on the U.S. Treasurer's report on China's heavily subsidized currency.

End the Denial: Label China a Currency Manipulator

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

America and China share a terrible delusion. They are in denial about currency manipulation. Both officially state that China is not devaluing its currency. This is too costly to America.

Microsoft's Actions Show America's True Colors in China

Ann Pettifor | Posted 05.25.2011 | World
Ann Pettifor

American consumers and corporations like Microsoft have helped create China's massive surplus by investing in China, or by spending their incomes buying Chinese and other Asian goods.