Archive | Currency

Press Release from the Office of Senator Sherrod Brown on Currency Bill

The following is a press release from the office of Senator Sherrod Brown ***** For Immediate Release Thursday, September 20, 2012 Contact: Meghan Dubyak/Allison Preiss (202) 224-3978   BROWN LEADS 21 SENATORS IN CALLING ON SPEAKER BOEHNER NOT TO ADJOURN UNTIL THE HOUSE PASSES BIPARTISAN CHINA CURRENCY BILL   Brown’s…

Posted in Currency, Politics, Trade3 Comments

Ratcheting up pressure on GOP (and Obama) over China

The following article appeared in the Washington Post. ***** Ratcheting up pressure on GOP (and Obama) over China By Greg Sargent | Posted at 03:04 PM ET, 09/19/2012 Mitt Romney routinely accuses Obama of failing to get tough with China, and the President has returned fire by slamming Romney over…

Posted in China, Currency2 Comments

China to depreciate currency again: We need to pass the currency bill

When a country’s starts performing badly, there is the well-know tool of currency devaluation to subsidize exports at the expense of others (like America).  China is not the first to use this strategic mercantilist tool, but it is the most egregious modern practitioner (cheater). Tim Geithner and his gang of…

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Japan debates strong yen

This NY Times article highlights how a strong yen has harmed Japan’s industry, but the retirees and consumers like it.  A weak yen makes Toyotas and Hondas cheap to foreigners.  A strong yen has the opposite impact. Increasingly, however, business leaders point to a problem that is at least partly…

Posted in Currency3 Comments

“Who’s Got The Guts To Finally Get Tough On China?”

Reposted from The Washington Post ***** “Who’s Got The Guts To Finally Get Tough On China?” Matt Miller  |  July 26, 2012  |  The Washington Post During a critical decade, in other words, we let China eat our lunch.Let me be clear: China’s rise as an economic power is a…

Posted in China, Currency, Politics5 Comments

The Competitive Double-Standard: The Olympics versus Global Trade

Reposted from OpEdNews.com ******** The Competitive Double-Standard: The Olympics versus Global Trade Hugh Campbell | July 20, 2012 | OpEdNews We live in America, where the most cherished and most amazing thing about living here is that we have Freedom! Yes, that also means we have free reign to be…

Posted in China, Currency1 Comment

Currency manipulation gives Chinese an unfair advantage

Reposted from The Hill ********* Currency manipulation gives Chinese an unfair advantage Senator Sherrod Brown | July 11, 2012 | The Hill One of the biggest jobs bills to clear the Senate this session — one that could create or save two million jobs at no cost to taxpayers —…

Posted in China, Currency10 Comments

Romney Etch-A-Sketching On China Currency

Reposted from Campaign for America’s Future ***** Romney Etch-A-Sketching On China Currency Dave Johnson  |  June 15, 2012  |  Campaign for America’s Future Yesterday in Ohio candidate Mitt Romney said he would clamp down on China’s currency manipulation. Today he is still not asking the House Republicans to bring the…

Posted in China, Currency, Politics21 Comments

China’s renmimbi is depreciating, not appreciating

Those in Washington who protect the protectionism of China seem to always trumpet any Chinese announcement that the country will possibly allow it currency to appreciate.  How they can claim to be free traders while supporting that government’s currency pegging is beyond me. We now know that China’s currency was…

Posted in China, Currency2 Comments

Manufacturing Groups Push Geithner, Kirk to Address Currency Manipulation

Manufacturing Groups Push Geithner, Kirk to Address Currency Manipulation A group of manufacturing and industrial organizations is calling on the Obama administration to address currency manipulation by other countries as it negotiates future free trade agreements, including the Trans-Pacific Partnership. “Currency is the medium in which trade occurs, and exchange…

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