Word: unionizers
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Dates: during 2000-2009
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...thus in theory should help diminish China's massive trade surplus, the U.S. Treasury has never formally cited China for currency manipulation. Doing so under U.S. law would compel the White House to open formal negotiations with China over its currency policy. Trade hawks in Congress, pushed by union allies and some manufacturing lobbies in Washington, have long pined for this. But the Bush Administration resisted, preferring to fold the currency issue into the broader biannual "strategic economic dialogue" (SED) started by former Treasury Secretary Hank Paulson. That less confrontational setting was more likely to produce results on the currency...
...beyond tougher rhetoric, is the new Administration really likely to get tough with China on trade, as so many union supporters of Obama hope? Unlikely. In fact, it's hard to think of anything business and investors on both sides of the Pacific would welcome less right now than a U.S.-China trade rumble. Both countries are in the midst of serious economic pain, which trade tensions would only worsen. There are enough comparisons with the Great Depression out there already without dredging up the memory of Smoot-Hawley, the 1930 legislation in the U.S. that put a tariff...
...links). Long-time venture capitalist Fred Wilson passes along his opinions on new technology and how it converges with emerging parts of the economy. Wilson talks in detail about where he is investing his venture capital money and why. His Union Square Ventures has taken positions in new ventures including Del.icio.us, Feedburner, and Twitter...
...expected changes to the 35-hour week have materialized since France's Conservative government passed a measure in July designed to make it easier for bosses to force their employees to work more. The move retained the 35-hour week as the nominal legal reference to undercut union protest, but then rendered it nonsensical by giving employers a free hand to set far longer work requirements. So far, however, bosses haven't seen fit to make such moves. (See pictures of Sarkozy's visit to London...
...funds. The same day, House Democrats unveiled an even larger stimulus plan that would funnel money to local governments, fund infrastructure development and provide middle-class tax cuts. Britain, meanwhile, announced a bank-bailout plan as the European Commission predicted the loss of 3.5 million jobs in the European Union...