by Dave Johnson | Mar 16, 2010 | Blog, China Currency Showdown
China argues that some American companies will suffer if China stops subsidizing manufacturing and adjusts their currency to market levels. They're right. The fight over Chinese violations of trade rules is also another story about Wall Street and big, monopolistic...
by Richard Eskow | Mar 16, 2010 | Blog
Eighteen former members of the Federal Reserve’s Consumer Advisory Council (CAC) strongly endorsed the idea of an independent Consumer Financial Protection Agency in a letter released last week . Draft legislation released yesterday by Sen. Chris Dodd would instead...
by Richard Eskow | Mar 16, 2010 | Blog
Democracy requires vigorous public debate in an open forum, conducted by leaders willing to take a public stand and face the consequences. Today's proposal on banking reform from Sen. Dodd is the product of backroom negotiation and holds nobody accountable. It allows...
by Bill Scher | Mar 15, 2010 | Blog
Many armchair pundits have taken whacks at the President and his communications team for having "lost control of the message behind his drive for health care." This critique is based on the faulty logic that the President can control everything. It ignores the...
by Dave Johnson | Mar 15, 2010 | Blog
China is holding down the value of its currency, which means goods made there cost less everywhere else. This undercuts American companies that make things, so they close factories here and buy from there. This costs us jobs, forces down our wages and savings rate,...
by Terrance Heath | Mar 15, 2010 | Blog
(Or "CPAC: Sideshow and Snake Oil, Pt. 2") The circus sideshow that was CPAC folded its tent and left Washington weeks ago. However, its apparent ringmaster and chief snake oil salesman still sweats, struts, and sobs across the "stage" of conservative media — that...
