Evelyn Black wrote a great blog on September 26 explaining the financial inter-connectedness of the U.S. and China. To sum it up, she says that the U.S. imports more from China than it exports to China. This difference, the trade deficit, is made up by the Chinese government’s investment in U.S. government debt. In other [...]

If you watch the news at all these days (and a case could definitely be made for avoiding this habit), then you already know that the United States imports way more cheap stuff from China than it sends over there for sale to the Chinese people. That big difference between the huge amount we import [...]

Few would doubt that China is one of the fastest growing countries today. With a population already at 1.3 billion, ways to feed and employ them are shrinking. Because of this, later this month, the Chinese government plans to use $3.5 billion for research on genetically modified (GM) crops. Although China first consented to four [...]

Even in our modern world, sweatshops remain a horrifying reality, with hundreds of thousands of the world’s poor and defenseless people exploited by wealthy factory owners and greedy supervisors. Their jobs, perhaps better termed slavery, involve back-breaking hours in pitiful conditions, sometimes using toxic chemicals without adequate ventilation or protective gloves or goggles, for pennies [...]

As I write this, Treasury Secretary Henry M. Paulson’s announcement that the Bush administration will indeed shore up Fannie Mae and Freddie Mac is all over the news and still sinking in. After opening slightly higher Monday morning, Wall Street dipped back into negative territory as analysts attempted to digest the bail-out news.
What can it [...]

Recently I read a disturbing article by a young South Carolina mother entitled “A Letter to Illegal Mexican Walmart Shoppers.” (Editor’s note: the article’s original URL no longer exists. Click here to read it from Google’s cached pages.) The gist of the letter is that, in this woman’s opinion, Mexican Walmart shoppers are rude, and [...]

The price of oil continues to hit record high. Many believe the main reason for this is speculation.
The price of oil has nearly tripled since 2004. The trading in oil on the New York Mercantile Exchange also tripled since 2004. A mere coincidence? OPEC no longer controls the price of oil. Majority of the [...]

In June, Ernst & Young revealed that China is now the world’s most attractive destination for foreign direct investment (FDI), securing 47% of votes in the survey. China’s economy is now set to welcome foreign resources – especially from the west where investors and business owners are looking for a place to harbour their capital [...]