Business And Finance

America’s real Asian trade problem

Time – The Curious Capitalist August 13, 2010 Posted by Michael Schuman Looks like we’re headed for another, repetitive round of U.S.-China bickering over Chinese exports. The U.S. trade deficit with China in June rose to $26 billion, the widest gap in nearly two years. Meanwhile, the reform of China’s currency regime, announced by...
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BP Agrees to Set Aside About $20 Billion for Spill Claims

The New York Times June 16, 2010 Stephen Crowley WASHINGTON — The White House and BP tentatively agreed on Wednesday that the oil giant would create a $20 billion fund to pay claims for the worst oil spill in American history. The fund will be independently run by Kenneth Feinberg, the mediator who oversaw...
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Full Fed Audit Amendment Voted Down in Senate

Washington, D.C., May 11, 2010 – Today, the U.S. Senate voted 62 to 37 against an amendment to allow greater transparency at the Federal Reserve. This amendment was introduced to counter a weaker amendment that would have required only a one time audit just of Fed emergency programs. The new amendment was similar to...
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Google Stands Up

The Obama administration should support U.S. businesses that do the same. The Wall Street Journal March 24, 2010 By JOHN BOLTON Google’s decision to stop censoring searches on its China-based servers, rerouting search requests instead to its uncensored Hong Kong facilities, is historic. Google has shown itself unwilling simply to be on the receiving...
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In defense, China offers cold comfort

Asia Times Mar 18, 2010 By Peter J Brown For the first time in well over a decade, China has limited rising spending on defense to a less than double-digit increase. In early March, Beijing announced that the 2010 defense budget would total approximately 532 billion yuan (US$78 billion), with the 7.5% increase representing...
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Asia’s permanent advantage

Asia Times By Chan Akya For the frequent traveler, there is a stark dichotomy across the world. Almost without exception, traveling with an Asian carrier to any Asian airport is a pleasure. In contrast, using any airline domiciled in Europe or North America with passage through airports in that part of the world is...
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Crouching Dragon, Weakened Eagle

The New York Times By MARTIN JACQUES Published: February 16, 2010 LONDON — The spats between the United States and China appear to be getting more numerous and more serious. The Chinese strongly objected to Washington’s latest arms deal with Taiwan. President Obama accused the Chinese of currency manipulation, while at Davos, Larry Summers,...
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The danger behind China’s ‘me first’ worldview

The Washington Post By Robert J. Samuelson Monday, February 15, 2010 It’s become apparent from recent events that America’s political, business and scholarly elites have fundamentally misjudged China. Conflicts with China have multiplied. Consider: the undervalued renminbi and its effect on trade; the breakdown of global warming negotiations in Copenhagen; China’s weak support of...
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Changing China tied to rough ride with U.S.

Reuters Feb 4, 2010 Chris Buckley – Analysis BEIJING BEIJING (Reuters) – “Ride on a tiger and it’s hard to climb down,” goes a Chinese saying that is proving apt for Beijing’s quarrels with Washington this year, when swollen ambitions at home are driving China on a harder tack abroad. Barack Obama  |  China ...
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Google may pull out of China after Web attacks

Reuters Jan 12, 2010 Alexei Oreskovic SAN FRANCISCO (Reuters) – Google Inc said it may pull out of China because it is no longer willing to accept censorship of search results and after hackers coordinated a sophisticated attack on email accounts of human rights activists using its Gmail service. Google’s surprise announcement on Tuesday...
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