Daily Archives: July 9, 2010 9:55 pm

Administration Warned That It Must Do More To Curb China’s Currency Manipulation

July 9, 2010 9:55 pm
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Lawmakers and others are warning administration officials that they must do more to ensure a more fairly-valued Chinese currency, or otherwise put American jobs and President Obama’s hopes to grow the U.S. economy in jeopardy. The U.S. Treasury issued a report Thursday designating the Chinese currency as undervalued — but stopped short of designating China as a currency manipulator. China’s undervalued yuan, also called renminbi, artificially depresses the cost of Chinese products and falsely increases the price of American...

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Author: Immigrants, Legal And Not, Are Helping The U.S. Economy

July 9, 2010 6:49 am
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Rather than constitute a drag on the floundering U.S. economy, immigrants of all types are providing a critical and needed boost, according to an author and think tank analyst. “Immigrants contribute to competitiveness because they start businesses, pay taxes, and do seasonal agricultural jobs. We need to recognize their contributions to our economic, social, cultural, and culinary lives,” says Darrell West, author of a new book on immigration titled Brain Gain. He notes, for instance, that the co-founders of...

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