Word: let
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Within the U.S., the imbalance is mainly seen as the product of protectionist policies by China, in particular China's refusal to let its currency, the yuan, appreciate against the dollar. There's certainly something to this - it's now universally agreed just about everywhere but China that a freely floating yuan would be worth significantly more than the 15 cents it currently goes for. By keeping its currency's value artificially low, China makes its products cheaper in the U.S., thus encouraging imbalanced trade. (See a story about China's consumers and the world economy...
...He’s one of the guys we were told to look out for, and we let him go,” Killorn said...
...We’ve got some weapons, and we’ve just got to get kids believing in themselves and let the puck do the work,” Stone said. “That’s what happened...
...advised the students to address questions from reporters frankly, and to let reporters know when they do not have an answer...
...Translation: global markets will remain buoyant longer than expected as the short-sellers are forced to cover their anti-China bets and the unbelievers finally come around and belatedly take long positions. For the sake of 1.3 billion Chinese and the rest of us, let's hope it's Jim O'Neill that's right, rather than Jim Chanos...