G20 Statement on Currency Devaluation is a Joke

By Michael Stumo: The White House opposition to an effective regime to control currency undervaluation globally derives, in part, from their reliance on impotent efforts at international dialogue.  One venue for that dialogue is the G20 meetings. The G20 Finance Ministers and Central Bankers periodically meet to discuss global economic issues and coordination. The recent…

Wall Street Journal: “White House Readying Sanctions Plan Against Chinese Firms for Cybertheft”

  WASHINGTON—The White House is preparing a menu of sanctions against Chinese state-owned enterprises and private companies that officials believe benefited from the cybertheft of U.S. corporate secrets, several people familiar with the matter said. [ by Damian Paletta and Bob Davis | August 31, 2015 | WSJ ] The White House hasn’t decided definitively…