Word: capitols
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Hubbard gave his mostly positive take on the state of the global economy, then asked for questions. Richard Feng, CEO of furniture maker Markor, went straight to issue No. 1 in U.S.-China economic relations: the ever louder demands from Capitol Hill that China let its currency rise as much as 40% against the dollar. That would, in theory at least, make Chinese products more expensive in the U.S. and U.S. products cheaper in China. Americans would buy less, the Chinese would buy more, thus reducing the huge trade imbalance between the countries-- $20 billion in May alone...
...list." Yet at the same time he claimed that he did not know exactly who it was who selected the attorneys for firing. And Sampson's own record - did practicing law for just a couple of years make him qualified for his job? - didn't help his standing on Capitol Hill...
...anti-China bills, denouncing China for alleged currency manipulation, illegal subsidizing of exports and violations of intellectual property law, have been circulating in the Senate for months. But since the recent health scares over toothpaste laced with antifreeze and tainted pet food from China, the anti-China sentiment on Capitol Hill has noticeably risen. So much so that Treasury Secretary Henry Paulson is about to head to China to raise "issues of concern to the U.S. Congress" with Chinese officials, including Chinese Premier Hu Jintao...
...Faced with this litany of despair, many Republican faithful, from the grass roots to the Capitol, have concluded that Fred Thompson, the preternaturally avuncular actor and former Senator from Tennessee, is the cure-all for their party's ills. Thompson has yet to enter the presidential race. He has, in fact, postponed until after Labor Day an official announcement that was supposed to be made in July. And yet Thompson already shares front-runner status with former New York City mayor Rudy Giuliani in some national polls of G.O.P. voters. "People are not inspired; everyone's flat-lining," says...
...credibility has been breached to the point of being actionable," Specter said. The maximum penalty for being caught lying to Congress is five years in prison and a fine of $250,000 per count. Specter wryly noted to reporters during a break that there is a jail in the Capitol complex...