C. Fred Bergsten News
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The U.S. isn’t expected to return to full employment for at least six more years, and the consensus in Washington seems to be that President Barack Obama’s administration has no options to improve that dreary outlook.
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Exchange-rate manipulation by countries from China to Denmark has cost the U.S. as many as five million jobs in recent years, according to the Peterson Institute for International Economics.
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China’s currency policy is the most important U.S. trade issue and raising the yuan’s value would help add 500,000 American jobs, said C. Fred Bergsten , director of the Peterson Institute for International Economics.
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A revolution in the world economy targeted at revving up new growth engines ultimately will produce gain after pain.
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Investigators probing the recent ransacking of International Monetary Fund computers have concluded the attack was carried out by cyber spies connected to China, according to two people close to the investigation.
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The U.S. will file two new complaints against China at the World Trade Organization as pressure grows on the Obama administration over trade with the world’s largest exporter of goods.
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China bashing is all the rage in Washington, as politicians of both parties blame the world’s fastest-growing major economy for high jobless rates in the U.S.
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Christine Lagarde , who has taken her campaign to head the International Monetary Fund to India and China while keeping her fans posted on Twitter, may be poised to defeat her main rival, Agustin Carstens .
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The Obama administration, facing growing complaints in Washington that it hasn’t persuaded China to increase the value of its currency, filed two trade cases against the world’s largest exporter of goods.
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Stan Collender, a partner and national director of financial communications at Qorvis Communications LLC, told his old friend David Wessel that if he ever wrote a book about the national budget, Collender would host the book party.
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