Capital Commerce


May 2007


Is America at China's Mercy?

Just how vulnerable is the U.S. economy to troubles in China? It's a question I really started pondering after watching the 6.5 percent drop overnight in Chinese stocks in response to a government tripling of a tax on stock trading. Now Wall Street is sure reacting much better to the decline than ...

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TAGS:
global economy
China

Bush Gets No Credit

Despite rising gas prices and falling home prices, American consumers are actually becoming more upbeat. According to the Conference Board, its consumer confidence index rebounded to 108 from an upwardly revised 106.3 (previously 104.0) last month. Consumers' assessment of their present situation,

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TAGS:
economy
Bush, George W.
Paulson, Henry
consumers

Gasoline Prices Are No Conspiracy

As an old X-Files fan, I like almost nothing better than a good, old-fashioned conspiracy theory. And apparently so does Congress. Earlier this week, the House passed an anti-price-gouging bill in response to higher gasoline prices. The legislation would make it a crime to overcharge for fuel. Gas ...

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TAGS:
gas prices

Free Trade: Under Siege

"It's going to be the perfect storm" is how one knowledgeable Capitol Hill insider described the upcoming efforts by protectionists of both parties in Congress to pass trade legislation punishing China for running a $200 billion-plus trade surplus with the United States. This week's high-level ...

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TAGS:
China
international trade
Congress

Immigration and Western Union

Time does not seem to be on the side of the controversial immigration reform bill. One reason proponents wanted a quick vote–now pushed back into June–was that they feared just the sort of storm from the left and the right they are now feeling.

One shorthand way to gauge the bill's prospects of ...

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TAGS:
immigration reform
economy

The Post-Wolfowitz World Bank

By |

Paul Wolfowitz's time as president of the World Bank can probably be measured in hours rather than days at this point. But if and when he departs, his replacement will face tremendous challenges.

As a U.S. News article outlined last year, the World Bank is a deeply troubled institution where ...

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TAGS:
World Bank
global economy

Paulson's Big Win on Trade

Treasury Secretary Hank Paulson might be one of the few Bush administration officials who'll leave D.C. with an enhanced reputation. Thursday's Paulson-brokered trade agreement between congressional Democrats and the White House—requiring U.S. trade accords to include enforceable, internationally ...

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TAGS:
Paulson, Henry
global economy
Congress
China

Bernanke and the Case for Trade

Federal Reserve Chairman Ben Bernanke just gave a speech that might have gotten him fired if he was still an economist over at the White House. The topic was trade, perhaps the new "third rail" of American politics. Speaking at the Montana Economic Development Summit in Butte, Bernanke played both ...

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TAGS:
Bernanke, Ben
trade

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