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May 24, 2011 02:12 PM
WaPo Pulls Up Short On Trade and Tariffs
The Washington Post looks at what happens when the U.S. actually fights low-priced Chinese imports with tariffs: The factories move to Vietnam. It's an interesting angle for a story, but as with the paper's story last week on manufacturing jobs returning to the U.S., I wanted more. Six years ago, the Commerce Department imposed tariffs of 7 percent and up...
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October 7, 2011 02:47 PM
A Weak Case for the Middle Class Embracing Globalization
Reuters’s David Rohde writes about Bowling Green, Kentucky, and how it’s doing well by embracing globalization. But it’s a pretty weak argument. First, the dumb-question-as-headline thing, which is a pet peeve: Can Confucius save America’s middle class? No, Confucius can't save America’s middle class. Nor can the Confucius Institute, which has started up a program at Western Kentucky University. And...
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October 23, 2012 11:26 AM
Ask Obama and Romney this: Where is Africa?
An enormous opportunity for the US could slip past
Over the final days of the campaign, CJR is running a series of pieces under the headline “Ask Obama This” and “Ask Romney This,” suggesting themes and questions that reporters and pundits can put to the presidential candidates. So far we’ve asked President Obama about his short term jobs plan and about housing, and Governor Romney about his plans for...
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August 27, 2012 06:50 AM
Audit Notes: China slows, Romney’s taxes, copyright
Inventories pile up, posing another threat to the global economy
The New York Times looks at a glut of goods clogging up Chinese warehouses—an ominous sign for the global economy: Problems in China give some economists nightmares in which, in the worst case, the United States and much of the world slip back into recession as the Chinese economy sputters, the European currency zone collapses and political gridlock paralyzes the...
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October 25, 2012 06:50 AM
Audit Notes: dethroning DeMarco, the cult of disruption, China trade
The FT reports Obama plans a big housing policy change if re-elected
The Financial Times's Shahien Nasiripour reports that the Obama administration is quietly telling activists that it will replace Fannie Mae/Freddie Mac regulator Ed DeMarco if the president is re-elected. DeMarco is the Bush administration holdover who has blocked the president's (belated) plan to reduce mortgage principal to help keep borrowers in their homes, remove some of the drag on the...
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February 22, 2012 01:38 AM
Audit Notes: Fed Transparency, Carp Invasion, Chinese Imports
The Wall Street Journal is good to bird-dog the Federal Reserve on transparency, and it gets results even before publishing its story. The paper reports that the central bank, which doubles as a bank regulator, has all but quit having public meetings on new rules: The Fed is making these sweeping changes—the most dramatic since the Great Depression—almost completely without...
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January 13, 2011 11:53 AM
Audit Notes: Mortgage Servicers, Ghost Mall—China Style; The Joneses
Andy Kroll of Mother Jones takes a look (UPDATE: took a look, I should say. This story is from a year ago. As Paul Kiel points out, it's "sadly still entirely relevant") at the little-regulated mortgage servicers. There's an anecdote about a woman who had her house sold—with no notice. Walters' discovery that her home had been sold out from...
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October 26, 2012 06:50 AM
Audit Notes: NYT scoop, Freddie’s anti-stimulus, Wired on making stuff
Riches for the family of a top Chinese official
The New York Times David Barboza gets a huge scoop on corruption in China, reporting that the family of the country’s premiere, Wen Jiabao, is now worth billions of dollars and has tried to conceal its riches: Even so, the business dealings of Mr. Wen’s relatives have sometimes been hidden in ways that suggest the relatives are eager to avoid...
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September 9, 2011 08:45 PM
Audit Notes: The 14th Century, Gilded China, The Second Stimulus
Treasury bonds yields hit another low today, dropping to 1.917 percent for ten-year bonds. You might even say markets are begging the government to borrow money to stimulate the economy. The folks who've been warning us about near-term deficits for the last few years have been screaming about bond vigilantes and inflation, and they've been all wrong. The Wall Street...
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February 16, 2012 12:52 AM
Audit Notes: TP Bubble, No More “Fat Cats,” Big Long Now
The Wall Street Journal takes a look at one growing American industry the Internet and the Chinese can't wipe out: Toilet paper. Turns out that "unlike other paper, tissue paper isn't economical to ship from overseas because of its bulk." Newspapers on the other hand: But between 2001 and 2011, U.S. annual consumption of daily-newspaper newsprint plunged 61% to 3.6...
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January 25, 2011 07:11 PM
Ezra Klein’s Flawed Assumptions on Trade With China
Ezra Klein accepts some unfortunate assumptions in his Washington Post column on trade yesterday morning. Let's start with this one: It's not that Chinese companies have never taken an American worker's job; they have. But the Chinese, by and large, are competing with companies in India, Indonesia, Thailand and Malaysia, because the things those workers make are not, in most...
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January 20, 2011 01:15 PM
Pardon Me?
Hu’s admission lost in translation
Yesterday’s White House press conference with President Obama and Chinese president Hu Jintao was a somewhat stilted affair, mostly due to the odd translation arrangement—rather than have questions simultaneously translated, the Chinese contingent had asked that questions, and answers, be translated after statements were finished (think something like the announcement of safety instructions at the beginning of a Lufthansa flight)....
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January 21, 2011 12:09 PM
Pearlstein: On China Trade, an Eye for an Eye
Of all the commentary this week on China, none got to the heart of the problem anywhere near as well as Steven Pearlstein did in the Washington Post. American trade policies toward China are a giant WTF—something akin to a boxer agreeing to fight straight while letting his opponent bring weapons into the ring, bribe the judges, and pay off...
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February 10, 2012 04:16 PM
Pogue Misses on Cheap Gadgets and Foreign Labor
The cost difference between China and the U.S. is less than he imagines
David Pogue of The New York Times looks at the "Dilemma of Cheap Electronics" raised by the paper's recent, outstanding series on Apple's manufacturing policies. But it's less of a dilemma than he makes out. Pogue reports that building iPhones in the U.S. would raise the price of a $200 machine to $350. If that sounds a little steep to...
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January 25, 2011 03:25 PM
Q&A: Former NYT Shanghai Bureau Chief Howard French
On how the press covered Hu Jintao's visit
Chinese President Hu Jintao’s four-day U.S. trip last week produced a number of takeaways: the two countries’ business communities will be increasingly entwined, though concerns still linger over China’s openness to foreign business; China expressed willingness to be tougher on Pyongyang; the Chinese president acknowledged that “a lot still needs to be done in China in terms of human rights,”;...
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January 26, 2011 12:57 PM
Q&A: Former NYT Shanghai Bureau Chief Howard French, Part Two
On how the press covered Hu's visit
In the wake of Chinese president Hu Jintao's four-day U.S. trip, CJR assistant editor Joel Meares discussed the media's take with Howard French, former Shanghai bureau chief for the Times and now teacher of the Covering China seminar at the Columbia University Graduate School of Journalism. Part One of the interview focused on the stilted joint press conference held by...
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June 19, 2012 06:50 AM
Q&A: teaching journalism in China
Yuen Ying Chan, a former New York Daily News reporter, on the j-schools she launched in Hong Kong and China
After 23 years working in New York City journalism, including a seven-year stint at the New York Daily News that netted her a Polk Award, Yuen Ying Chan returned to her native Hong Kong. There, in 1999, she founded the Journalism and Media Studies Centre, and as its director began turning undergrads and grad students into working journalists through Asia....
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November 23, 2010 07:53 PM
Quick Facts on the China Trade
You didn't read them in Fortune
CNBC's Becky Quick tosses off a dud over at Fortune, telling us all to "Stop the Beijing bashing!" because the "The health of the U.S. economy depends on trade with China." The people appearing in the pages of Fortune and on the pixels of CNBC would have you believe that's true. It's part of the air they breathe. But it's...
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January 13, 2011 04:27 PM
Remapping the Debate on China’s Industrial Policy
Our rival has one. Where's ours?
Remapping Debate has an interesting piece on how the U.S. finds itself at the mercy of the Chinese for a critical ingredient in a number of important technologies, like hybrid cars, missile tracking systems, and wind turbines, and what that says about our broader trade policies. It gets at one of the core security issues caused by unrestrained free trade:...
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February 14, 2012 11:57 AM
Stories I’d Like to See
Romney’s ads, the Komen firestorm, and a Foxconn book
In his weekly “Stories I’d Like to See” column, journalist and entrepreneur Steven Brill spotlights topics that, in his opinion, have received insufficient media attention. This article was originally published on Reuters.com. 1. Tracking Romney’s ad buys: Look at the remaining Republican primary calendar dates and the candidates’ respective strengths and do the math: There are certain states where Rick...
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