Posts Tagged ‘Reminbi’

Notes From Underground: The G20 Is as Shaky as a “Fiddler On A Roof”

April 20, 2015

Indulge me, my readers. When I saw the movie Fiddler On the Roof 43 years ago with my now-wife, there was a line that made me laugh for it mirrored conversations that we shared about my nose always being buried in a book about history, economics and probably politics. In the movie, the young radical Perchik wishes to ask Tevye’s daughter, Hodel, to marry him. The question takes place in this dialogue:

Perchik: Hodel there’s a question, a question I … I wish to discuss with you
Hodel: Yes?
P: It’s a political question
H: What is it?
P: The question of marriage
H: Is this a political question?
P: Well, yes. Yes, everything’s political. Like everything else, the relationship between a man and a woman has a socio-economic base. Marriage must be founded on mutual beliefs. A common attitude and philosophy toward society.
H: And affection?
P: Well, yes, of course. That is also necessary.

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Notes From Underground: Wen to meet Obama Thursday; Zapatero gives the European debt crisis the boot

September 22, 2010

As the United Nations convenes for its fall meetings, world leaders gather in New York, which creates the opportunity for traffic jams and face-to-face bilateral meetings for heads of state. Chinese Premier Wen Jiabao will take the time to discuss serious issues with President Obama–and, of course the trade issue will take center stage. Premier Wen will make his case that the Chinese trade surplus is not a question of currency value but rather economic structure. Wen will argue that the huge trade surplus will correct as the structure of China’s economy becomes more domestic demand driven. The Chinese believe that capitalist history is replete with trade surpluses as a part of any capitalist society’s development. The U.S. and Great Britain both ran massive surpluses as their economies transitioned from agrarian-based to industrialized nations.

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Notes From Underground: Chinese exports increase dramatically and Schumer sets off fireworks

June 10, 2010

Yesterday’s release of Chinese trade data was just what Senator Schumer needed to refresh the populist agenda on Reminbi revaluation. Treasury Secretary Tim Geithner made an appearance before the Senate Finance Committee where Schumer exhibited his credentials as a fighter for American jobs. Remember that the senior senator from New York is vying for Senate leader just in case Harry Reid should lose his election in November. Geithner was challenged as to why the Treasury Department did not name China a currency manipulator and even stated that the Treasury maay in fact be contravening U.S. law.

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