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...renminbi (RMB), which increases the price of Chinese-made goods in export markets and thus in theory should help diminish China's massive trade surplus, the U.S. Treasury has never formally cited China for currency manipulation. Doing so under U.S. law would compel the White House to open formal negotiations with China over its currency policy. Trade hawks in Congress, pushed by union allies and some manufacturing lobbies in Washington, have long pined for this. But the Bush Administration resisted, preferring to fold the currency issue into the broader biannual "strategic economic dialogue" (SED) started by former Treasury Secretary Hank...
...economic and financial] problem and make people confident in the quality of the stewardship of the economy." The world also wants to know, one source close to Geithner says, "that we are going to make sure the U.S. will grow over time and that we will continue to be open to the world for trade and investment...
...their efforts to curbing car traffic and coal-fired power plants. He says fighting poverty and spreading green technologies that limit emissions from small-scale biomass burning are equally important. "More households in South Asia need to be given the possibility to cook food and get heating without using open fires of wood and dung," says Gustafsson. "The international community should step in and contribute to technology transfers towards solar heating and biogas, especially since the developed world is responsible for the climate situation that exists today...
...other sticky moments during his inaugural briefing with a White House press corps that seemed determined to shake the lap dog reputation reporters covering Obama during the campaign had acquired. He fended off repeated questions about the second swearing-in of the President, which had only been open to a few journalists and no photographers or video or audio equipment. And he did his best to defend the new Administration against charges of violating its own tough new ethics guidelines by appointing two former lobbyists as high-ranking agency deputies, one at the Pentagon and another at Health and Human...
...cease-fire, which Israel and Hamas both ignored, but Israel's refusal made it the target of international outrage. The resolution, on which the Bush Administration abstained but declined to use its veto as it so often has done on Israel's behalf, also demanded that Israel open the border crossings into Gaza, and called for reconciliation between Fatah and Hamas, an option long opposed by Israel...