Word: thursdaying
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...Capitol Hill on Thursday, Tim Geithner sent a little thrill up the leg of all the American trade unions that worked so hard to get Barack Obama elected. The Treasury Secretary-designate - whose appointment, despite his embarrassing tax travails, was waved through to the full Senate yesterday by the Finance Committee - declared in a written statement to the committee that China was guilty of "manipulating" its currency for trade advantage...
...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 and provide economic supports for pregnant women...
...Granted, it's mostly the small stuff that has gone wrong. As of Thursday, some smartly dressed press staffers were working without login access to their computers, without Blackberries and with only Gmail addresses to connect them to the world. Several names were misspelled on the signs that identified staff desks. It took the press office until about 10 a.m. on Wednesday to figure out how to send reporters an official White House press release. "That's great news," said deputy press secretary Bill Burton, when a reporter announced that the first e-mail had been received. "Ready...
...time of plunging stock markets, bank bailouts and deepening recession, the economic data released by the Chinese government on Thursday might be enough to make many drool. GDP for the world's third-largest economy surged 9% in 2008 from the year earlier. But first looks can be deceiving. The statistics also showed just how quickly and severely the global economy decelerated in the latter part of the year. China's growth in the fourth quarter, at 6.8%, was the slowest the country has experienced in seven years. Compare that figure to the first half of 2008, when growth...
Buchanan's forecast for China's GDP growth in 2009 is among the most bearish: 6%. If he's right, that would be the lowest rate since 1990. But the data released Thursday did show some unexpected signs of life. Industrial production revived slightly in December, and loan growth surged. Merrill Lynch said in a report that the fourth quarter of 2008 and this current quarter could be "the trough of this growth cycle," as government stimulus and loose monetary policy begin to boost domestic demand. The data gave enough hope to Credit Suisse's Tao to convince...