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Today the US Trade Representative (USTR) Ron Kirk filed two complaints with the World Trade Organization (WTO). The first alleges that China is keeping American credit and debit card companies out of their electronic payment market. The second is a "dumping" (selling...

China’s Currency Manipulation Flipping Off America

China is disrespecting America. The Asian giant is an international trade outlaw, and U.S. manufacturers and workers are its crime victims. China illegally subsidizes its export industries and unlawfully manipulates its currency. That kills U.S. industry and destroys...

Is Elizabeth Warrens New Job a Blessing or a Curse

Reports are conflicting, details are uncertain, the White House isn't talking on-the-record, and after a confusing evening, it's still unclear exactly what is going on with Elizabeth Warren's next job. In one sense, it looks like President Barack Obama is pulling out...

Is Obama Selling Out Elizabeth Warren

ABC News is reporting that President Barack Obama will appoint Elizabeth Warren to a "special advisory" position to set up the Consumer Financial Protection Bureau. We don't know the details, but so far, this seems very suspicious. As I wrote yesterday, Obama has...

Boehner and McConnell Flunk Math

The Republican leaders in both houses of Congress are getting clearer what their alternative economic strategy is: Giant tax cuts for multimillionaires minus slashed public services for the middle-class minus letting our infrastructure rot equals even bigger budget...

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