US Treasury bills

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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Senator Clinton Explains Her Vote

UR ECONOMY RUNS ON CREDIT, and underlying that credit is trust. Both the credit and the trust is running out. Essentially what we are doing here in an intangible way is restoring trust and confidence in a very tangible way: helping to restore credit. Banks will refuse to lend to businesses and even to one another. Investors continue to withdraw into the safest investments, treasury bills, even cash. Tens of thousands of jobs in New York have been lost and a study this morning projected that New York alone would lose at least 120,000 jobs. Now I think we are...