deficit

China Cautions Against Devaluation

Hello America? Were you paying attention as you bought all that cheap garden equipment? China owns part of you. Saudi Arabia has scrambled for whatever's left. You, however, still get to speak English, for now. HINA IS TELLING THE US to be careful, not to overspend and keep an eye on the dollar. "There are risks that China cannot control, so they're depending on the U.S. to maintain fiscal prudence and keep the dollar reasonably stable to prevent devaluation." said Kelvin Lau, regional economist at Standard Chartered in Hong Kong. Analysts estimate China keeps nearly half of its $2 trillion...

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Death And Resurrection Of American Manufacturing

by Patrick J. Buchanan "The rise of free trade has eroded America’s industrial base and with it our sovereignty." fter Mass at St. Mary’s, a retired FBI agent who had worked as a boy in the great steel plant in Weirton, W.Va., whose father had died in an accident at the mill, handed me the Weirton Daily Times. “Where Do We Go From Here?” read the May 20 banner. The front page was devoted to the bankruptcy filing of Weirton Steel, which had once employed 14,000 workers in a town of 23,000. Mark Glyptis, president of the Independent Steelworkers Union,...