January 11, 2011 Headlines
Posted by jeckert on 01/11/2011
As China’s foreign cash reserves grow to $2.85 trillion, the New York Times opines that China should raise the value of its currency. Many leading thinkers in DC agree. But, two leaders of House Republicans on trade issues say they won’t be pushing a currency bill (which by the way secured 99 votes in the last Congress).
Peter Goodman reports on China’s impact on the U.S. steel industry.
French President Sarkozy assures President Obama that the dollar is still “number one.” But, they appear to differ on G-20 goals.
As China “snubs” a cooperative pitch by Defense Secretary Gates, the first public pictures of a test flight of its new stealth fighter are published.
One lasting impact of the recession: a decline in wages for workers.
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