Krugman: Bungling Beijing’s Stock Markets

China is ruled by a party that calls itself Communist, but its economic reality is one of rapacious crony capitalism. And everyone has been assuming that the nation’s leaders are in on the joke, that they know better than to take their occasional socialist rhetoric seriously. [Reposted from The New York Times  |  Paul Krugman …

Press Release, AFL-CIO: China’s Currency Devaluation Deepens Unfair Trade Practices

For Immediate Release August 13, 2015                 Contact: Carolyn Bobb, 202-637-5018 China’s Currency Devaluation Deepens Unfair Trade Practices AFL-CIO President Richard Trumka made the following statement after China’s latest currency manipulation: [Reposted from AFL CIO site  |  August 13, 2015] China’s recent currency devaluation – by nearly 4% on Tuesday and Wednesday – provides further confirmation…

News Release: NFU Denounces Chinese Currency Devaluation, Strongly Urges Administration to Include Currency Manipulation Prohibition in the TPP

  August 12, 2015Contact: Andrew Jerome, 202-314-3106[email protected]   WASHINGTON (August 12, 2015) – National Farmers Union (NFU) President Roger Johnson today denounced the Chinese government’s recent decision to devalue its currency, an unfair move that hurts U.S. family farmers’ and ranchers’ ability to export goods to China. Johnson called for the administration to ensure currency…

AAM: Yuan Devaluation is Currency Manipulation

Washington, D.C. – China has repeatedly manipulated its currency at the expense of American manufacturers and workers. In just three days, China’s government has wiped out four years of yuan appreciation. Said Alliance for American Manufacturing President Scott Paul: “China’s latest move is all too predictable and should come as a surprise to no one.…

CAF: What China’s Currency Devaluation Means

“What is good for growth in China is unfortunately bad for everybody else.”   – Bill McQuaker, co-head of the multi-asset team at Henderson Global Investors, quoted in Reuters [Reposted from the Campaign for America’s Future blog  |  Dave Johnson  |  August 12, 2015] China on Monday announced it is lowering the value of its…