wonkroom.thinkprogress.org - 11/10/2008
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Over the weekend China unveiled a “massive” $568 billion stimulus plan to “loosen credit conditions, cut taxes and embark on a massive infrastructure spending program in a wide-ranging effort to offset adverse global economic conditions by boosting domestic demand.”
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emptywheel.firedoglake.com - 11/17/2008
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emptywheel.firedoglake.com —
Flint I was talking with mr. emptywheel about
what one of the bad--but by no means worst--case...
scenarios in a GM bankruptcy would be. This scenario is just one of several that might happen--by no means guaranteed, and Congress would fight the ...
(more)
We Are All Flint, MI Now
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Big Stimulus
Matthew Yglesias —
... Ben Furnas runs the numbers on China’s huge stimulus package and concludes that an equivalent stimulus in a US-sized economy would need to be $2.4 trillion. That’s probably more than would be advisable for us, since we are actually in an objectively different situation facing less downside risk from slower growth and also a different fiscal situation that probably doesn’t allow us to spend nearly that much. Still, there’s a big gap between $2.4 trillion and House Speaker Nancy Pelosi’s proposal for a ...
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Do Not Want
eschatonblog.com 11/20/2008 — This is rather ominous: LONG BEACH, Calif. — Gleaming new Mercedes cars roll one by one out of a huge container ship here and onto a pier. Ordinarily the cars would be loaded on trucks within hours, destined for dealerships around the country. But these are not ordinary times. For now, the ...
China - The New York Times
topics.nytimes.com 2/6/2009 — 2008 Summer Olympics The Asia Society Caijing Magazine Business news China.org News search engine China Daily Official English-language newspaper China Development Brief Non-governmental organizations China Digital Times University of California at ...
When you owe the bank $30,000...
scsuscholars.com 2/15/2009 — I was talking with Ed Morrissey before his show today -- which, by the way, was screamingly funny and good so go listen -- and he was telling me about a post he did about a Chinese official who said that China is pwn3d by the U.S. treasury . Luo Ping, ...
Journalism with "Newsweek" Characteristics
weeklystandard.com 1/12/2009 — Does the PRC advertise in Newsweek ? Because this piece by Rana Foroohar sure reads like a retread from the Xinhua news service. The article is titled "China's Economy Stays out of the Red," and it includes phrases like "China is governed by a ...
Yes They Can
yglesias.thinkprogress.org 12/12/2008 — James Fallows writes about the rapidly expanding Beijing Metro — which has added several lines and extended others just during Fallows time living in China. This seems like an incredibly smart decision on the part of the Beijing government. ...
China Losing Taste for Debt From U.S.
nytimes.com 1/8/2009 — As the global downturn has intensified, Beijing is starting to keep more of its money at home, which could have painful effects for U.S. borrowers. >
Questions That Are Too Hard for Me
yglesias.thinkprogress.org 12/18/2008 —
Kevin Drum raises the specter of the trade deficit:
Maybe we really can’t worry too much about this at the moment. But the trade deficit bubble is going to pop eventually just like the dotcom bubble and the housing bubble. We at least ...
Your Doing it Wrong...
mudvillegazette.com 2/18/2009 — ... When even Russia tells you so
"We must not revert to isolationism and unrestrained economic egotism... Excessive intervention in economic activity and blind faith in the state's omnipotence is another possible mistake. True, the state's increased role in times of crisis is a natural ...
Chinese Automakers May Buy GM and Chrysler
thetruthaboutcars.com 11/19/2008 — Chinese carmakers SAIC and Dongfeng have plans to acquire GM and Chrysler, China’s 21st Century Business Herald reports today. [A National Enquirer the paper is not. It is one of China's leading business newspapers, with a daily readership over ...
In a New Administration, Some Brand-New Jobs? —
Wash Post Federal Page 11/11/2008
The intense competition among Democrats for top jobs in the incoming Obama administration assumes there are a fixed number of posts worth having. But it's looking likely that some extremely choice, even consequential, positions are going to be created ...
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