by Eric Lotke | Nov 12, 2009 | Blog
As President Obama packs for China, I thought I’d show him a picture of how China is manipulating its currency. Source: Federal Reserve: Yuan, Broad dollar index. Graphic idea compliments of AAM. The dollar stays flat against the Chinese Yuan, even as it loses value...
by Robert Borosage | Nov 12, 2009 | Blog
This week, Barack Obama trips to China as part of an eight-day trip to Asia. The White House paints a full agenda: Afghanistan, human rights, North Korean nukes, climate change, trade relations, and the economy. But it's really just the economy, stupid. For decades...
by Dave Johnson | Nov 11, 2009 | Blog
Here is another story about Wall Street’s war on the real economy. US Steel was planning to invest $1 billion in building an environmentally-friendly new “coke battery” plant in Clairton, PA. The new battery would dramatically reduce the emissions used in the process,...
by Bill Scher | Nov 10, 2009 | Blog
All summer, traditional media reporters hyperventilated at every preliminary Congressional Budget Office estimate of draft health care bills.
by Dave Johnson | Nov 9, 2009 | Blog, Economy
In the Wall Street Journal today, White House Hopes Trade Can Bolster Labor Market. By increasing exports to rapidly growing countries like China and India, the U.S. could put a dent in joblessness and foster long-term economic growth without stressing the federal...
by Sam Pizzigati | Nov 9, 2009 | Blog, Economy
Amid double-digit joblessness, two top U.S. corporations cut still another mega merger deal that enriches execs and tosses workers, by the thousands, out onto the street. You don’t have to be a high-flyer in high finance to get a kick — and a fortune...
