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...Perhaps it's true that if sufficiently angered by U.S. trade policy, China would feel compelled to inflict economic pain on itself by dumping U.S. debt, in order to send a message to Washington. But Geithner, despite his brief rhetorical flourish about manipulation, knows what his job is when it comes to persuading foreigners (whether governments or individuals) to continue to invest in Treasuries. Sources close to the Administration say that thus far he has argued privately that "what the world wants to know, first, is that we are going to fix this [economic and financial] problem and make people...
Funny thing is, CRE and Ossie did trade in currencies - they were just lousy at it. SEC documents show that in June 2008, CRE shifted $12 million from its Atlanta fund to Deutsche Bank in London. In short order, it lost $8 million in European currency trading. (See pictures of the global financial crisis...
...their country. It is an action his abortion-rights supporters have waited eight years for and one they had encouraged him to waste no time taking. But by first issuing a statement urging support for common-ground efforts to reduce abortion rates and then waiting to sign the Executive Order late on a Friday afternoon - a time traditionally reserved for the release of information an Administration would like to bury - Obama sent a clear signal that he wants to turn down the heat on an issue that has defined and divided American politics for more than three decades. (See pictures...
...result of the policy - which is named for the city in which the Reagan Administration first announced it at the 1984 United Nations International Conference on Population - some groups, including Planned Parenthood organizations in Romania and Colombia, altered their activities in order to qualify and continued to receive funding. But at least 16 developing nations in Africa, Asia and the Middle East have been affected, with all NGOs in those countries denied U.S. funding to help provide contraceptives and other much needed services...
...pressure from allies to demonstrate a concrete commitment to changing the cycle of whipsaw abortion policy that takes place whenever a new President occupies the White House. Already he has been lobbied by pro-life religious progressives who urged him to wait a few weeks before issuing the Executive Order. The progressive group Catholics United participated in Thursday's March for Life, carrying a banner that read "Congress Reduce Abortion Now." The shifting ground in the abortion debates means he has more allies willing to work with him on abortion-reduction strategies such as efforts to expand access to contraceptives...