Word: low
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...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...
...exactly stuff that tugs at the heartstrings on Christmas morning, but hey, it's the thought that counts (and if the toast is crispy, even better). In its Black Friday circular, Kohl's blankets shoppers with 50%-60% discounts for watches and jewelry. Some items are priced as low...
...restrictions could force them to vote no on health reform. Abortion-rights advocates, who are still stunned by the last-minute deal that House Speaker Nancy Pelosi made to allow a vote on Stupak's controversial measure, claim the provision will greatly limit the availability of abortions, especially for low-income women. They have dubbed it "the coat-hanger amendment." (See the top 10 key players in health care reform...
...leadership, they are all engineers," says Julian Wong, an analyst with the Center for American Progress, a liberal think tank. "They look at how the U.S. has grown by being a technological leader. China wants to do the same. They've seen the low-carbon sector...
...Many economists argue the low value of China's currency helped contribute to the global imbalances that precipitated last year's financial crisis. China has rejected that idea, and instead points the finger at the U.S.'s profligate spending and weak control of financial markets. Obama is expected to raise the renminbi issue during his visit to China, but with China trying to prop up an export sector that has suffered from the downturn, there is little hope that it will allow its currency to appreciate anytime soon...