U.S. And China To Hold Talks On Controlling Internet

By: Monday June 3, 2013 6:02 am

In response to a reported wave of cybertattacks, the United States and China will be holding talks on how the two countries can create new rules for regulating the internet. The talks will be ongoing and are set to start in July. The United States and China have agreed to hold regular, high-level talks on [...]

Sheldon Adelson Admits To Bribing Foreign Officials

By: Monday March 4, 2013 5:58 am

Las Vegas Sands Corporation, run by billionaire Sheldon Adelson, has admitted in an SEC filing that it likely broke the law by violating the Foreign Corrupt Practices Act. In its annual regulatory report published by the commission on Friday, the Sands reported that its audit committee and independent accountants had determined that “there were likely [...]

North Korea Tells China More Nuclear Weapons Tests Coming

By: Friday February 15, 2013 5:53 am

Only a few days after North Korea conducted its third nuclear weapons test the rogue state has told its closest ally it plans one or two more nuclear tests this year in hopes of driving American foreign policy. North Korea has told its key ally, China, that it is prepared to stage one or even [...]

Foxconn Workers Organize In Communist China

By: Monday February 4, 2013 9:05 am

When Chinese Communist Party leader Deng Xiaoping formally embraced Neoliberalism in the late 70s it was the final victory for the right-wing within the party. What followed was an opening up of China to Western business for the presumed benefit of all. In reality, China would invert the Maoist principles of the cultural revolution to [...]

Treasury Declines to Label China a Currency Manipulator

By: Wednesday November 28, 2012 7:45 am

The Treasury Department once again declined to label China a currency manipulator, despite arguing that the yuan “remains significantly undervalued” and should rise further. They basically patted themselves on the back and tried to show that their policy of engagement with China has worked to this point. China “has substantially reduced the level of official [...]

Yes, Overvalued Currency Remains a Huge Economic Problem for the US

By: Tuesday October 30, 2012 11:41 am

After Mitt Romney put the issue of Chinese currency manipulation into the Presidential race, economists and analysts rushed to explain that such manipulation isn’t happening, and anyway Romney is dishonest, and his policies, if carried out, would start a trade war. I responded that, even if you accept that China has stopped manipulating their currency, [...]

The Surging Coal Export Industry

By: Tuesday October 23, 2012 12:27 pm

Matt Stoller has an interesting set of charts showing the recent run up in investment in resource extraction, particularly from the oil and gas industry. Matt explains this mostly through the run-up of shale oil and natural gas extraction, which have both advanced significantly in the US. Renewables are increasing as well, but from an [...]

Five Other Facts You Need to Know About Currency Manipulation

By: Monday October 22, 2012 1:28 pm

One of the sections in tonight’s foreign policy debate concerns China, which means that the issue of Chinese trade will come up. In a very real sense, this will trigger a fake debate about the manipulation of Chinese currency. I say fake because, while Mitt Romney will demand such a designation, he has no interest [...]

The Dichotomy in Economic Sentiment Between Consumers and Businesses

By: Thursday October 18, 2012 12:27 pm

Economic analysts are giddy about a recent spate of positive consumer-based indicators, on not only housing starts but consumer confidence, retail sales, auto sales and even unemployment. At the same time, in the same economy, the numbers run completely the other way when it comes to the corporate sector. Joe Weisenthal runs down the numbers. [...]

Romney Profited From Auto Bailout

By: Thursday October 18, 2012 8:30 am

Greg Palast has a new story out about Mitt Romney’s profit from Delphi Automotive, an auto parts subsidiary of GM, during the auto rescue. No bailout of GM—or Chrysler, for that matter—could have been successful without saving Delphi. So, in addition to making massive loans to automakers in 2009, the federal government sent, directly or [...]

Commerce Department Puts Tariffs on Chinese Solar Panels, But Loophole May Render That Irrelevant

By: Thursday October 11, 2012 10:45 am

The Commerce Department imposed slightly lower but still robust tariffs on Chinese solar panels, alleging that subsidies undercut US prices and violate international trade laws. The Commerce Department issued its final ruling Wednesday in a long-simmering trade dispute with China, imposing tariffs ranging from about 24 to nearly 36 percent on most solar panels imported [...]

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