Archive | Currency

Dethrone ‘King Dollar’

Stumo note: Well… this will be controversial. Interesting though.) By JARED BERNSTEIN  |  AUG. 27, 2014 | NY Times WASHINGTON — THERE are few truisms about the world economy, but for decades, one has been the role of the United States dollar as the world’s reserve currency. It’s a core principle of…

Posted in Currency7 Comments

China Posts Record Trade Surplus

Reposted from Reuters ********** China posts record trade surplus, but domestic economy may lag Kevin Yao and Xiaoyi Shao | August 8, 2014 | Reuters (Reuters) – China’s buoyant exports pushed its trade surplus to a record in July, fuelling optimism global demand will help counter pressure on the domestic economy from…

Posted in China, Currency, Trade0 Comments

Manufacturers fight back against currency manipulation

Reposted from Crains Cleveland Business.  Michael Stumo, CEO of CPA, and two CPA members, Frank Chesek (Exact Tool) and John Colm (WIRE Net) were interviewed for this article. *****       Manufacturers fight back against currency manipulation Rachel Abbey McCafferty  |  August 17th, 2014  |  Crain’s Cleveland Business Currency…

Posted in China, Currency0 Comments

Currency manipulation must end in order to create jobs in Ohio

Reposted from Crains Cleveland Business *****   Matt Blunt  |  August 13, 2014  |  Crains Cleveland Business American businesses could be hiring more workers today if we ended unfair trade practices used by some of our trading partners. No matter how competitive companies are in Ohio, they struggle to keep…

Posted in China, Currency, Economy7 Comments

Manufacturing association leaders join forces, calling for action on currency manipulation

Reposted from the Cleveland Plain Dealer ***** Manufacturing association leaders join forces, calling for action on currency manipulation Marcia Pledger  |  August 13th, 2014  |  Cleveland Plain Dealer CLEVELAND, Ohio — Leading manufacturing association presidents came to Cleveland on Wednesday to remind Ohioans that currency manipulation and unfair trade practices…

Posted in Currency, Economy0 Comments

Manufacturing Industry Leaders Come Together to Urge Currency Manipulation Fix

Reposted from Steelworks ***** Manufacturing Industry Leaders Come Together to Urge Currency Manipulation Fix   Media Advisory Wednesday, August 6, 2014 Contacts: Colin Dunn, (202) 400-2609 info@americanautocouncil.org; Lisa Harrison, (202) 452-7115 lharrison@steel.org; Eliza Levy, (202) 822-8028 elevy@ncto.org Cleveland – On August 13, 2014 at 11:00 AM, leading manufacturing association presidents will participate in a…

Posted in Currency, EconomyComments Off

China Says It Won’t Stop Manipulating Currency

Reposted from the Campaign for America’s Future blog ***** China Says It Won’t Stop Manipulating Currency Dave Johnson  |  July 15, 2014  |  Campaign for America’s Future Going into last week’s U.S.-China Strategic and Economic Dialogue (S&ED) a key issue was China’s ongoing currency manipulation. This matters. A February study by the…

Posted in China, Currency2 Comments

Some comedy from Jack Lew on a Friday

Ha, ha, ha… The U.S. Treasury Secretary and his top aides left Beijing last night thinking they had a won big battle in their effort to get China to strengthen the value of the yuan. China had agreed to reduce intervention in its currency markets to “what are really extraordinary…

Posted in China, Currency1 Comment

China: We won’t stop price-fixing our currency

The U.S.-China Strategic and Economic Dialogue is occurring this week.  For at least 10 years, the U.S. has asked China “pretty please… can you stop manipulating and undervaluing your renminbi?”  China always says “No… we want to grow really fast so we won’t stop.” Of course, they are growing really…

Posted in China, Currency1 Comment

CPA Letter regarding Currency Manipulation Issues in Trade Agreements

One of CPA’s top issues is currency manipulation.  Paul Volcker once said: “In five minutes, exchange rates can wipe out what it took trade negotiators ten years to accomplish.” CPA and others sent a letter to Secretary Jacob Lew and Ambassador Michael Froman last week demanding that any future trade agreements…

Posted in Currency, Trade Agreements8 Comments

Page 1 of 4812345...102030...Last »

Friends Don’t Let Friends Buy Imports

Sign up to receive periodic updates

Frequency