January 26, 2011 Headlines
Harold Meyerson writes that the President’s proposals are fine, as far as they go.
The Federal Reserve Bank of Dallas believes that a higher valued yuan will not reduce the U.S.-China trade deficit.
Martin Wolf says China—for its own good—must appreciate the Yuan and wean itself off of dollars.
IBM is opening a massive data center….in China.
This headline is rich: China fines Carrefour and Wal-Mart for manipulating prices. (So it’s OK to manipulate your currency, but price manipulation by foreign-owned retailers is quashed.)
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