by Dave Johnson | Apr 7, 2010 | Blog
China has been very smart about looking out for its own interests. As a developing country China had natural advantages in selling goods made in China and in attracting manufacturing from other countries. A significant advantage was that their currency was valued very...
by Richard Eskow | Apr 7, 2010 | Blog
Alan Greenspan's testimony before the Angelides Commission certainly provided a target-rich environment, as they say in the Pentagon. Unfortunately the Commission missed all its targets, leaving the American public as undefended from financial depradation and ruin as...
by Zach Carter | Apr 7, 2010 | Blog
The Office of the Comptroller of the Currency (OCC) is the top bank regulatory agency in the United States. It oversees the largest banks in the country, and completely failed to regulate them effectively in the years leading up to the Great Financial Crash of 2008....
by Bill Scher | Apr 6, 2010 | Blog, Economy
When Congress returns from its recess on Monday, it won't have much time if it wants to create more jobs this year. Generally speaking, it takes about six months for increased public investment to make an impact on the economy. So if Congress passed major jobs...
by Dave Johnson | Apr 6, 2010 | Blog, Economy, Making it in America
The Obama administration appears to have backed off from pressuring China to revalue its currency, for now, likely in exchange for diplomatic concessions including helping to pressure Iran on nukes. Chinese currency revaluation is about jobs, because currently China...
