by Dave Johnson | Jun 22, 2010 | Blog
Over the weekend China announced a change in its currency policy. But is it for real? Or is it designed to head off Congressional action? So far China has pulled away the football. Their Central Bank was buying up dollars as usual to keep the currency from rising....
by Isaiah J. Poole | Jun 21, 2010 | Blog
By Tuesday, it will have been five days since Rep. Joe Barton, R-Texas, got rapped on the knuckles by the House Republican leadership for the sin of repeating a Republican talking point at an inopportune time. That talking point, you'll recall, is that BP is the...
by Bill Scher | Jun 21, 2010 | Blog, The Sequester
In today's W. Post column from Robert Samuelson, at one point he writes, "This is intellectually shallow." If he was referring to his own work, he'd be right. But he was trying to attack the President as dishonest about his energy policy, claiming that Obama is...
by Dave Johnson | Jun 21, 2010 | Blog
America needs an economic/industrial policy like other countries have. THAT is how we will pay off our debt -- by earning money. You may have read about the back-and-forth on Chinese currency this weekend. China said they would let their exchange rate adjust, and then...
by Richard Eskow | Jun 21, 2010 | Blog
"What do I have to do to get you into this car?" How much can you afford to pay every month?" " "My manager's in a good mood." These are the car salesman cliches everybody knows. Now they're trying to add a couple more to the repertoire: "When you take out a car loan...
by Dave Johnson | Jun 21, 2010 | Blog, Making it in America
China's central bank announced over the weekend that it will gradually loosen their currency from its tie to the dollar (but see note below). China said they will allow the currency to appreciate, saying that their economy is recovering. This appreciation will...
