Showing posts with label world politics. Show all posts
Showing posts with label world politics. Show all posts
Thursday, August 9, 2012
Sunday, July 29, 2012
Monday, June 18, 2012
Wednesday, June 13, 2012
Tuesday, June 12, 2012
China Exports Trouble to U.S. « SpeakEasy
China Exports Trouble to U.S. « SpeakEasy
Over the years, China exported all sorts of toxic, dangerous and killer products to the United States.
There was the tainted made-in-China Heparin blood thinner that killed more than 100 Americans. There were the recalled made-in-China toys, jewelry and clothing fasteners containing toxic levels of lead. There was the made-in China drywall that emitted hazardous levels of sulphur that sickened families and corroded wiring.
Now China is exporting a different kind of problem to the United States. It’s sending America its economic downturn.
Over the years, China exported all sorts of toxic, dangerous and killer products to the United States.
There was the tainted made-in-China Heparin blood thinner that killed more than 100 Americans. There were the recalled made-in-China toys, jewelry and clothing fasteners containing toxic levels of lead. There was the made-in China drywall that emitted hazardous levels of sulphur that sickened families and corroded wiring.
Now China is exporting a different kind of problem to the United States. It’s sending America its economic downturn.
The Real Reason Apple Can't Make Your iPhone in America | Economy | AlterNet
The Real Reason Apple Can't Make Your iPhone in America | Economy | AlterNet
China provides them with an exploited labor force at little cost. Beyond that China also subsidizes the manufacturing that is done there. They spend a great deal on manipulating their currency to keep prices of goods made there very low. They will build you a factory, pay for your electricity, and so much more.
China provides them with an exploited labor force at little cost. Beyond that China also subsidizes the manufacturing that is done there. They spend a great deal on manipulating their currency to keep prices of goods made there very low. They will build you a factory, pay for your electricity, and so much more.
China offers our business leaders an amazing deal – a deal that they can’t refuse. The owners and managers of our companies get really, really rich if they play along with China. Never mind if the companies go away later -- they’re rich.
Wednesday, June 6, 2012
Greece and the Euro: Fifty Ways to Leave Your Lover
Greece and the Euro: Fifty Ways to Leave Your Lover
For the Greeks, the euro love affair is over, but breaking up is hard to do. Defaulting on their debts will force them out of the euro zone and back to issuing drachmas, which could get brutally devalued by speculators as soon as they are traded on foreign exchange markets.
Fortunately, there are alternatives to an ugly divorce. The treaties binding the 17 member nations are just a set of rules, entered into by mutual agreement, and rules can be bent, broken or stretched, especially in crises. The European Central Bank (ECB) has already broken a litany of rules to save the banks, and so has the Federal Reserve, which found multiple ways to do what it initially said it couldn't do to save Wall Street in 2008. Rules that can be bent for banks can be bent for the people - not just the Greeks, but the Irish, Italians, Spaniards, Portuguese and others lined up behind them.
For the Greeks, the euro love affair is over, but breaking up is hard to do. Defaulting on their debts will force them out of the euro zone and back to issuing drachmas, which could get brutally devalued by speculators as soon as they are traded on foreign exchange markets.
Fortunately, there are alternatives to an ugly divorce. The treaties binding the 17 member nations are just a set of rules, entered into by mutual agreement, and rules can be bent, broken or stretched, especially in crises. The European Central Bank (ECB) has already broken a litany of rules to save the banks, and so has the Federal Reserve, which found multiple ways to do what it initially said it couldn't do to save Wall Street in 2008. Rules that can be bent for banks can be bent for the people - not just the Greeks, but the Irish, Italians, Spaniards, Portuguese and others lined up behind them.
Monday, June 4, 2012
Tuesday, March 6, 2012
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