From the Department of Commerce:
Washington - The U.S. Department of Commerce today announced its preliminary decision to apply U.S. anti-subsidy law to imports from China. This is the first time countervailing duties will be imposed on imports from a non-market economy. The decision alters a 23-year old bipartisan policy of not applying the [...]
I avoid politics on this blog except when I have to touch on it, but a friend just sent me a link to a YouTube video that I have to share. It’s not really political but it does relate to the Iraq war. I don’t care what your feelings are about that conflict, if you [...]
I saw this on the WSJ Best of the Web and couldn’t resist commenting. The New York Times has a story about the crisis in the pension system in China. A couple of paragraphs of the story were revealing. First, the Chinese have at least made a stab at reform, unlike our own politicians:
The new [...]
The FOMC just released its statement:
The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent.
Recent indicators have been mixed and the adjustment in the housing sector is ongoing. Nevertheless, the economy seems likely to continue to expand at a moderate pace over coming quarters.
Recent readings [...]
