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Currency Manipulation

Putting U.S.-China Trade in its Proper Perspective

Robert E. Scott | Posted 06.11.2011 | Business
Robert E. Scott

U.S. export growth to China looks impressive in isolation. But this is a biased and one-sided view -- exports have been overwhelmed by the growth of U.S. imports from China and the bilateral trade deficit, as shown in the graph below.

Libya Ceasefire, Yen Stabilization Help Stock Market Rally On Friday

Reuters | Al Yoon | Posted 05.25.2011 | Business

NEW YORK (Reuters) - Global stocks rose on Friday as traders took on riskier investments following a Libya ceasefire that reduced tension in the regio...

Why "Fair" Trade Is Not The (Whole) Answer

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

The idea of "fair" trade is very appealing, whether confronting the plight of autoworkers in Michigan or farmers in the Third World. Unfortunately, it will be only a small part of any trade solution for the U.S. and the world as a whole.

If Gary Locke Goes To China...

Scott Paul | Posted 05.25.2011 | Politics
Scott Paul

Secretary Locke -- our next ambassador to China if confirmed by the Senate -- will need to clean up a mess decades in the making.

Currency Revaluation Won't Fix America's Trade Mess

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

It is sometimes suggested that our trade problems (job losses, international indebtedness) will go away on their own once currency values adjust. Bott...

Exports and Jobs: Less Than Half the Story

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

It's time to end unfair trade practices, and to do that the President needs a new crop of advisors who care more about American job creation than outsourcing and MNC profits.

China's President Is Here: Can There Be a Breakthrough in US-China Relations?

Danny Schechter | Posted 05.25.2011 | World
Danny Schechter

On the eve of the Chinese President's visit to the United States, and in the midst of intense speculation about his intentions--and ours--I found myse...

The Chinese Yuan vs. the Power of the Dollar

Daniel Wagner | Posted 05.25.2011 | Business
Daniel Wagner

In the absence of any realistic alternative to replace the supremacy of the dollar, it is likely to remain the dominant global currency for many years to come. No other currency is more widely accepted or used.

The State of the Union Is Uneasy

Scott Paul | Posted 05.25.2011 | Politics
Scott Paul

President Obama delivered just the right speech in Tucson. Can he replicate that performance for his State of the Union address on Jan. 25? For the ...

Stiglitz To Obama: The Fed's Latest Move Will Hurt Other Nations

WSJ | Alex Frangos | Posted 05.25.2011 | Business

Nobel Prize-winning economist Joseph Stiglitz, dismissing the Federal Reserve's quantitative easing as a "beggar-thy-neighbor" strategy of currency de...

How the Fed Started an Economic World War: Let the Currency Wars Begin

Bob Samuels | Posted 05.25.2011 | Business
Bob Samuels

If we follow current global economic trends to the logical conclusion, most of the money in the world will soon be held by a small group of investors who will hold no allegiance to any nation or ideology.

Put on Your Workboots, America

Gilbert B. Kaplan | Posted 05.25.2011 | Business
Gilbert B. Kaplan

America has sent a strong message: we will not sit idly by while the folks in Washington ignore the jobs situation. And yet by not acting, that is exactly what the Senate will be doing.

China's Hypocrisy

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The world's biggest exporters, led by China, are ganging up on the United States in advance of the G20 meeting against quantitative easing. Free trade and globalization are grand ideas when the playing field is level, but it isn't.

The Voters' Message: Manufacturing a Solution

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

Voters know that punishing currency manipulators, dealing boldly with violations of international trade rules, and ending tax incentives to outsource jobs would help reverse the decline of American manufacturing.

China's Cheating Outed by Other Poor Countries

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The artificially low Yuan is forcing emerging economies to competitively devalue their currencies and impose damaging protectionist measures. World Bank chief Zoellick knows where this leads -- to a Great Depression.

China Roiled by Washington's October Surprise

Eric Ehrmann | Posted 05.25.2011 | World
Eric Ehrmann

Robert Gates agreed to hold talks with China next year. Cybersecurity, oil politics, and China's expanding role in Latin America will all be on the agenda. And if Liu Xiaobo doesn't have his 'get out of jail' card by then, he might be too.

To Counter Currency Manipulation: Rally Some Allies

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

Japan, no economic small fry, challenged China last month. The conclusion of the dispute is a cautionary tale for countries confronting China about currency manipulation.

Why Linda McMahon and Richard Blumenthal Are Not Qualified to Create Jobs

Warren Mosler | Posted 05.25.2011 | Politics
Warren Mosler

We are in an economic emergency, and both Linda McMahon and Richard Blumenthal have put forth proposals that would unknowingly destroy millions of jobs in a terrible depression.

Can Anyone Talk to China Anymore? Probably Not

Eric J. Weiner | Posted 05.25.2011 | Business
Eric J. Weiner

Why would China so brazenly challenge the world's economic powers? Because the country's leaders know what our leaders are only beginning to understand -- that China would probably win a global trade war.

Don't Fear a Trade War With China

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

The House Ways and Means Committee recently approved a bill that would attempt, albeit modestly, to crack down on Chinese currency manipulation, a key cause of America's trade deficit.

Currency Just Tip of China Iceberg

Surya Yalamanchili | Posted 05.25.2011 | Business
Surya Yalamanchili

Today, China is both our largest supplier and creditor. We buy goods that we used to make from them with money borrowed from them.

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.