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Guess Who Manipulates Currency More Than China
Guess Who Manipulates Currency More Than China
OPINION
Oct 22, 2012 1:53 PM CDT

Guess Who Manipulates Currency More Than China

Matthew Boesler points out that Israel won't draw flack from either campaign

(Newser) - Mitt Romney has loudly promised to label China a "currency manipulator" on his first day in office, but China's hardly alone in keeping its money cheap to goose exports. Another country has done so even more egregiously, and you won't hear either candidate criticize it: Israel, Matthew...

World Not Ready for a Romney Presidency

Western Europe overwhelmingly favors Obama

(Newser) - While the US sees a presidential race that could go either way , much of the rest of the world is expecting—and in many cases, actively hoping for—a continued Obama presidency. Some 75% of Europeans prefer the incumbent to Mitt Romney, while just 8% favor the former governor, a...

Activist's Brother Sues China Cops for 'Wrecking' Home

Police 'scaled walls' of home after Chen Guangcheng escaped: brother

(Newser) - Shortly after China learned that blind activist Chen Guangcheng had escaped from house arrest, police muscled their way into his oldest brother's home, the brother says. Now, Chen Guangfu is suing police and the local government for "scaling the walls of his home and for wrecking his home,...

Foxconn: We Hired Underage Interns

Company sends 14- to 16-year-olds back to school

(Newser) - A Foxconn internal investigation found the company employed underage interns for three weeks, the firm tells Bloomberg . An advocacy group yesterday cited a "small number" of summer interns between the ages of 14 and 16. "Any Foxconn employee found, through our investigation, to be responsible for these violations...

Romney, Ryan Smack Obama on China

Romney would label China currency manipulator 'on day one'

(Newser) - Both Mitt Romney and Paul Ryan had harsh words today for President Obama's handling of the US relationship with China, after the US Treasury announced that it would delay a regular foreign exchange report—which includes the possibility of naming China a currency manipulator—until after the election, NBC...

Literary Nobel Goes to Chinese Author Mo Yan

Writer's work 'oft-banned, widely pirated'

(Newser) - Applauding the "hallucinatoric realism" of his work, the Swedish Academy has awarded China's Mo Yan the Nobel Prize for Literature. The author "merges folk tales, history, and the contemporary," judges said. Time magazine has called Mo "one of the most famous, oft-banned, and widely pirated...

China's Head Banker Ditches IMF Meeting

China-Japan island dispute drags world economy into the ring

(Newser) - China's central-bank governor, Zhou Xiaochuan, has canceled the lecture he was scheduled to give at the upcoming IMF annual meeting, a move that underscores* China's increasing frustration with its ongoing territorial dispute with Japan. Zhou's deputy will give the lecture on his behalf, but the Wall Street ...

China Family Sues Over Ivy League Promises

They paid $2.2M to education consultant

(Newser) - The Boston Globe picks up on a lawsuit that illustrates just how lucrative the growing field of "admissions-consulting" can be. Two parents from China paid $2.2 million over two years to a consultant who promised to help their two teenage sons get into Harvard. It didn't work,...

Reports: Foxconn Workers Strike Over iPhone Standards

Company in China denies iPhone 5 lines were stopped in dispute

(Newser) - More Foxconn drama: The electronic manufacturer denied today that production was affected at a Chinese factory that makes Apple's iPhones, although both state media and an overseas labor watch group said workers halted production lines yesterday. New York-based China Labor Watch reported that 3,000 to 4,000 workers...

18 Students Confirmed Dead in China Landslide

Children were making up days missed due to earthquake

(Newser) - There were no survivors from a landslide that buried 18 children inside an elementary school in southwest China yesterday, authorities have confirmed. Rescuers recovered the last child's body from the school in Yunnan province early this morning, reports the AP . One adult is still missing. Yesterday was a holiday...

China Landslide Buries 18 in School

At least 5 are dead

(Newser) - A landslide toppled an elementary school building in a mountainous southwest China county today, burying 18 pupils and killing at least five of them. A 19th victim was buried in a house. Another person was seriously injured in the landslide, which occurred in an area ravaged by a deadly earthquake...

Chinese Firm Sues Obama Over Blocked Wind Farm

Prez nixes project next to naval testing base

(Newser) - President Obama is being sued by a Chinese-owned company for blocking a wind-farm project on national security grounds. Ralls Corp's proposed wind farm next to a naval testing facility in Oregon is the first deal to be blocked by a president in 22 years, and the company's lawsuit...

White House Hit With Cyberattack

But no harm was done, official says

(Newser) - The White House is confirming it was hit by a cyberattack, possibly from China, but the official who confirmed the attempt insists it was not serious. The Washington Free Beacon , a conservative website, first reported the attack last night, claiming that hackers linked to the Chinese government broke into a...

Disgraced Bo Xilai Ejected From Communist Party

China: Politician will 'face justice'

(Newser) - Former Chinese political star Bo Xilai has been expelled from the country's Communist Party, Voice of America reports, following his wife's suspended death sentence in the murder of a British businessman. Once the party leader in the city of Chongqing and a likely candidate for high national office,...

Estée Lauder Building 2nd 'Home' Market in China

Osiao strives for local authenticity

(Newser) - Estée Lauder already sells most of its brands in China—but now it's working on a new line specifically designed for the Chinese market. Osiao skin care products "will give consumers a sense of being local, of being really dedicated to them," says CEO Fabrizio Freda....

China Singer, 24, in Creepy Romance With Model, 12

Zhang Muyi and Akama Miki say they're in love, but is it a stunt?

(Newser) - A gossip scandal has erupted in China around 24-year-old pop star Zhang Muyi and his declared love for 12-year-old Canadian model Akama Miki. Muyi and Akama have been flaunting their romance all over popular Chinese social media site Weibo, posting pictures and sending each other public messages on the Twitter-like...

In China, Billionaires Fall on Hard Times

Number of billionaires drops for first time in 7 years

(Newser) - Chinese wealth is suffering, according to an annual report that tracks it. The Hurun Rich List finds that, for the first time in seven years, the number of billionaires (in US dollars) in the country has fallen; it's now down by 20 people from last year, to a total...

Japan, Taiwan Blast Water Cannons in Islands Feud

China launches aircraft carrier as countries hold talks

(Newser) - With tensions rising in a territorial dispute, Taiwan has sent dozens of boats to the islands in question, known as Senkaku in Japan and Diaoyu in China. In the first Taiwanese foray into the area, the boats exchanged fire with Japanese water cannons, the AP reports. Japan, which recently bought...

China Foxconn Plant Shut After Riot Erupts

40 hurt, several arrested in plant melee

(Newser) - A riot erupted yesterday at a Foxconn plant in China, triggering a shutdown of the operation, reports the BBC . Windows were smashed and a guard tower toppled as riot police moved in at the Taiyuan factory, reports NBC . The clash was reportedly triggered when a factory guard struck a worker...

Ex-Police Chief in Bo Xilai Scandal Gets 15 Years

Noose tightens around Bo in murder case

(Newser) - The one-time Chinese police chief who blew the whistle on the Bo Xilai murder scandal has been sentenced to 15 years in prison. Wang Lijun, who attempted earlier this year to defect to the US, was sentenced today by the Chengdu City Intermediate People's Court for bending the law...

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