The recent Chinese government devaluation of its currency by approximately 4.4 percent is a cogent reminder of how the Chinese manipulate their economy and the world’s. There is no doubt that what the Chinese are doing is an effort to make their exports less expensive, a fact that has been blatantly confirmed by senior…
HONG KONG — When Prime Minister Li Keqiang convened the Chinese cabinet last month, the troubled economy was the main topic on the agenda. [ by Keith Bradsher | August 17, 2015 | New York Times ] The stock market had stumbled after a yearlong boom. Money was flooding out of the country. Most…
Demonstrators destroy the windshield of a Baltimore Police car as they protest the death of Freddie Gray. (Photo via Jim Watson/Getty Images) After protests in Baltimore over the death of Freddie Gray turned violent on Saturday, Baltimore sports-radio broadcaster Brett Hollander took to Twitter to argue that demonstrations that negatively impact the daily lives of…
Confronted with a dire situation, a world power last week took strong action to secure its domestic jobs and manufacturing. [Reposted from the Campaign for America’s Future blog | Leo Gerard | August 18th, 2015] That was China. Not the United States. China diminished the value of its currency. This gave its exporting industries a…
Michele Nash-Hoff, Chair of CPA’s CA Chapter, will be speaking at one of the three events taking place during Lean Leadership Week in Jacksonville, FL, October 5-9. [Reposted from savingusmanufacturing.com | August 19th, 2015] Lean Leadership Week: 3 Events. 1 Week. 1 City. The Summit on Lean Leadership and the Lean Accounting and Lean Management…
The price at which you can trade American dollars for foreign currencies may seem abstract, but events unfolding right now make it important to your future income, whether you have a job and the direction of the world economy in the next few years. [David Cay Johnston | August 18th, 2015] Around the globe, we…
A bipartisan delegation of staff for the Senate Finance Committee and its members will head to Japan, Malaysia and Vietnam next week to discuss the ongoing Trans-Pacific Partnership (TPP) negotiations, according to a Senate aide. [Reposted from Inside US Trade | August 18, 2015] The aide said the focus of the trip is TPP and…
Industries across the world are bracing for a deflationary shock as China devalues, but Beijing adamant there is no secret plan to drive down the yuan [Reposted from The Telegraph | Ambrose Evans-Pritchard | August 13, 2015] Chinese steelmakers are preparing to flood the global market with cut-price exports as they take advantage of this…
On Tuesday, China announced the largest one-day devaluation of its currency in more than two decades. Make no mistake—although authorities claimed this policy was a shift toward more market-driven movements, the value of the currency is tightly controlled by China’s central bank. By choosing to devalue its currency, Chinese officials are trying to solve their…
Did you ever think you’d see congressional Republicans repeal a federal law in subservience to a foreign organization? [Reposted from Forbes | John Brinkley | August 7, 2015] After the World Trade Organization ruled that a U.S. country-of-origin food labeling regulation was unfair to countries that export chickens, pigs and cows to the United States,…