According to newly released figures, China has amassed a record amount of US bonds totaling $1.175 trillion.From Bloomberg Businessweek: China, America’s largest creditor, increased its holdings of U.S. debt to a record $1.175...
From NPR.org: If you think the costs of war in Iraq and recovery from Hurricane Katrina will force President Bush to raise taxes, think again. No matter how high the price may go for rebuilding the Gulf Coast while staying the course in the Persian Gulf, this White House will not choose the revenue option… […]
From the American Prospect Online Edition: A major reason why mortgage rates have stayed low is that there’s a lot of money around. And much of that money has been coming from abroad. China and the rest of Asia have been putting their spare cash into America, in order to prop up the dollar and […]
From The International Herald Tribune: Perhaps the only working class that China’s Communist president, Hu Jintao, is still assisting is the American. I am not referring to the flood of cheap Chinese products that are keeping prices down, although that helps the average household. I refer to Hu’s policy of using what is widely regarded […]
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