Keyword: peg

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  • Former Wis. AG calls on Walker to explain fund

    05/24/2012 6:56:06 AM PDT · by afraidfortherepublic · 10 replies
    Former Wisconsin Attorney General Peg Lautenschlager wants Republican Gov. Scott Walker to explain his criminal defense fund. Milwaukee prosecutors are investigating Walker's associates during his tenure as Milwaukee County executive. Five people have been charged so far. Walker has transferred campaign contributions into a criminal defense fund. He says he's not a target in the probe, but he can set up such a fund only if he or one of his agents are under investigation or have been charged with campaign or election violations. Walker faces Democrat Tom Barrett in a June 5 recall. Barrett has been demanding Walker explain...
  • Illinois Mom: PEG Trained Teachers on 'Institutional Racism'

    03/19/2012 10:06:49 PM PDT · by Nachum · 6 replies
    Breitbart ^ | 3/19/12 | Christian Toto
    “Mary” is an Evanston, IL mother whose children have attended local public schools from kindergarten through high school. She noticed the recent debate on CNN and Breitbart.com over Derrick Bell's Critical Race Theory--and to her, it was nothing new. She has seen elements of Critical Race Theory introduced into teacher and staff training at Evanston Township High School by the Pacific Educational Group (PEG) in recent several years. “It just sounded familiar from what I see happening in the schools,” says Mary, who spoke to Breitbart.com on the condition that she remain anonymous. “This has already been going on in...
  • China Central Bank Statement on Yuan Exchange Rate (Text)

    06/19/2010 11:13:36 AM PDT · by the invisib1e hand · 8 replies · 264+ views
    fuggedaboudit ^ | 61910 | People's Bank of China
    China’s currency, the renminbi (RMB), or yuan, has been held about 6.83 per dollar since July 2008 after the government allowed a 21 percent appreciation over the prior three years. Further Reform the RMB Exchange Rate Regime and Enhance the RMB Exchange Rate Flexibility In view of the recent economic situation and financial market developments at home and abroad, and the balance of payments (BOP) situation in China, the People’s Bank of China has decided to proceed further with reform of the RMB exchange rate regime and to enhance the RMB exchange rate flexibility. Starting from July 21, 2005, China...
  • China vows to hit back if targeted by U.S. on yuan

    03/21/2010 6:07:09 AM PDT · by TigerLikesRooster · 7 replies · 512+ views
    Reuters ^ | 03/21/10 | Langi Chiang and Ken Wills
    China vows to hit back if targeted by U.S. on yuan By Langi Chiang and Ken Wills BEIJING (Reuters) – Beijing will retaliate if the United States declares China a currency manipulator and imposes trade sanctions, Commerce Minister Chen Deming said on Sunday, firing the latest salvo in a spat over the value of the yuan. Chen again accused Washington of politicizing the issue ahead of an April 15 deadline for the U.S. Treasury to rule whether China is unfairly holding down its exchange rate to gain a competitive edge in global markets. "The currency is a sovereign issue and...
  • FX COLUMN-China may have misplayed yuan hand with Obama

    11/26/2009 3:09:32 AM PST · by TigerLikesRooster · 10 replies · 690+ views
    Forbes ^ | 11/25/09 | Neal Kimberley
    FX COLUMN-China may have misplayed yuan hand with Obama 11.25.09, 11:26 AM EST By Neal Kimberley LONDON, Nov 25 (Reuters) - China may come to regret not offering U.S. President Barack Obama more concrete encouragement on the future direction of the yuan during his recent visit. Make no mistake, Obama cannot afford to let this go and China may eventually have to move further on the yuan than would have been necessary this time. The way it is likely to play out is that a disappointed U.S. administration falls back on the Group of 20 agreement on global rebalancing, which...
  • Asian Economies Face Double Whammy

    10/27/2009 1:28:52 AM PDT · by TigerLikesRooster · 3 replies · 302+ views
    Chosun Ilbo ^ | 10/27/09
    Asian Economies Face Double Whammy Export-dependent Asian economies are suffering from a double problem. One part is the continuing weakness of the U.S. dollar and accompanying depreciation of the Chinese yuan, which is hurting the price competitiveness of products exported by Korea, Indonesia, Malaysia and Thailand. The other is that they are being pressured by the international community to reform their economic structures to become more focused on domestic consumption as a way of relieving a perceived imbalance in international trade. China unpegged the yuan from the U.S. dollar in July 2005 and adopted a currency basket system, a more...
  • Yuan's Fall Annoys the Neighbors

    10/25/2009 6:21:36 PM PDT · by TigerLikesRooster · 10 replies · 665+ views
    WSJ ^ | 10/26/09 | ALEX FRANGOS
    Yuan's Fall Annoys the Neighbors Link to Dollar Pulls Down China's Currency; Other Countries Scramble By ALEX FRANGOS HONG KONG -- As the dollar continues to weaken, concerns are mounting in much of Asia over another descending currency: the Chinese yuan. For more than a year, China has kept the yuan largely unchanged against the dollar. So, like the dollar, the yuan has been falling steadily against the currencies of China's neighbors, including the Malaysian ringgit, the Indonesian rupiah and the South Korean won. That makes goods produced in those countries more expensive compared with China's. "If you have one...
  • Saudi to debate riyal-dollar peg

    01/29/2008 3:24:49 AM PST · by BGHater · 1 replies · 59+ views
    Gulf Daily News ^ | 28 Jan 2008 | Gulf Daily News
    RIYADH: Saudi Arabia's finance minister and central bank governor will appear before a council to discuss the riyal's peg to the US dollar and a surge in inflation, a council member said yesterday. Inflation in Saudi, which pegs its riyal to the dollar, rose to a 16-year high of 6.5 per cent in December, partly driven by a rise in global commodity prices and the declining US currency. The Shura Council, whose members are appointed by King Abdullah, will meet Finance Minister Ibrahim Al Assaf and Saudi Arabian Monetary Agency governor Hamad Saud Al Sayyari on February 10, Mohammad Al...
  • Paul McCartney Offers Heather Mills £20m (She Wants £50m)

    07/19/2007 6:22:47 PM PDT · by blam · 21 replies · 932+ views
    The Telegraph (UK) ^ | 7-20-2007 | Joshua Rozenberg
    Paul McCartney offers Heather Mills £20m By Joshua Rozenberg, Legal Editor Last Updated: 1:08am BST 20/07/2007 Sir Paul McCartney has reportedly offered a divorce settlement worth £20 million to his estranged wife Heather Mills. Heather Mills is reportedly holding out for £50 million At one stage there was speculation that the divorce settlement could leave the former Beatle with a bill for £20 million, but it is reported that Lady McCartney is holding out for £50 million. If the couple do not reach agreement, their financial dispute could be fought out in the High Court next year. The case is...
  • China's Reserves Soar: NAM Says The Time Has Come For China To Re-Value Its Currency

    04/29/2006 12:51:31 PM PDT · by Paul Ross · 10 replies · 774+ views
    Manufacturing & Technology News ^ | April 17, 2006 | Richard McCormack
    April 17, 2006    Volume 13, No. 8 China's Reserves Soar: NAM Says The Time Has Come For China To Re-Value Its Currency BY RICHARD McCORMACK richard@manufacturingnews.com It has become "imperative" for the Department of Treasury to declare that China is manipulating its currency, says Pat Mears, director of international commercial affairs at the National Association of Manufacturers. Further evidence of China's manipulation is that nation's growing currency reserves. They have risen to $848 billion, and are now the largest in the world, surpassing those of Japan's at $837 billion. "China's currency reserves are nearing half of China's total gross...
  • CA: Business-friendly governor can be hard to peg

    09/17/2005 10:15:32 AM PDT · by NormsRevenge · 2 replies · 226+ views
    OC Register ^ | 9/17/05 | Hanh Kim Quach
    SACRAMENTO – In his first year in office, Gov. Arnold Schwarzenegger has proven to be a reliable ally for the state's businesses, vetoing all bills that were on the California Chamber of Commerce "job killers" list and almost always siding with businesses when legislation pitted them against consumers or the environment. Last year, he vetoed legislation to increase the minimum wage and promised to do the same this year. He sides with the majority of voters, who don't like the idea of giving driver's licenses to illegal immigrants, promising to veto such legislation a second time in a row. Among...
  • China's Currency Bow

    07/22/2005 5:39:36 AM PDT · by Brilliant · 4 replies · 430+ views
    WSJ ^ | July 22, 2005 | WSJ
    China-bashing has become a favorite sport in Washington of late, both on Capitol Hill and even in the Bush Administration, so we hope that the main impact of Beijing's decision yesterday to revalue the yuan by a modest 2.1% will be to bring some of the Red-scare rhetoric, and the protectionist trade impulses it incites, to a halt. China scrapped the yuan's 10-year-old peg to the U.S. dollar and replaced it with a tightly managed float against a basket of unspecified foreign currencies in which the dollar will no doubt still occupy a prominent place. Shortly afterward, Malaysia announced that...
  • China launches currency shake-up

    07/21/2005 2:05:19 PM PDT · by CaptIsaacDavis · 7 replies · 492+ views
    BBC ^ | July 21, 2005 | BBC
    China launches currency shake-up China has revalued its currency, the yuan, for the first time in a decade - a move welcomed by the US, a long-time critic of its exchange-rate policy. The reform is being seen as the first step towards the liberalisation of China's tightly controlled currency. The yuan will no longer be pegged to the dollar, but will float against a basket of currencies. It will also appreciate against the dollar, mollifying critics who say a cheap yuan has helped Chinese exports. "I welcome China's announcement today that it is adopting a more flexible exchange rate regime,"...
  • China Severs Its Currency's Link to Dollar

    07/21/2005 7:29:43 AM PDT · by Boiler Plate · 121 replies · 2,446+ views
    AP ^ | 7/21/05 | STEPHANIE HOO
    BEIJING - China dropped its politically volatile policy of linking its currency to the U.S. dollar on Thursday, adopting a more flexible system based on a basket of foreign currencies that could push up the price of Chinese exports to the United States and Europe. ADVERTISEMENT The government also strengthened the state-set exchange rate to 8.11 yuan to the dollar — from 8.277 yuan, where it had been fixed for more than a decade — in a surprise announcement on state television's evening news. That raised the value of one yuan by about one-quarter of one U.S. cent to 12.33...
  • Outside View: China's money and stability

    07/16/2005 10:20:27 AM PDT · by Paul Ross · 14 replies · 600+ views
    UPI, Outside View ^ | June 22, 2005 | Dr. Peter Morici
    Outside View: China's money and stability By Dr. Peter Morici WASHINGTON, Jun 22, 2005 (United Press International via COMTEX) -- Not since the United States floated the dollar in the 1970s and threw the Bretton Woods system on the scrap heap of failed ideas has the management of exchange rates so fixed the attention of both economists and national politicians as China's yuan peg does now. Then as now all manner of polemics and rationalizations and the weight of established authority argued that governments should fix currency exchange rates, which are nothing more than prices, much like governments fix the...
  • Senate group warns China faces test over N. Korea(we will make you pay)

    05/20/2005 6:59:06 AM PDT · by TigerLikesRooster · 8 replies · 414+ views
    Reuters ^ | 05/20/05 | Carol Giacomo
    Senate group warns China faces test over N. Korea By Carol Giacomo, Diplomatic Correspondent Fri May 20, 2:58 AM ET WASHINGTON (Reuters) - A North Korean nuclear test can still be averted but China must agree to join the United States and other Asian nations in a quarantine of the isolated communist state, according to an analysis by the Bush administration's U.S. Senate allies. A South Korean man sits in front of a banner against North Korean leader Kim Jong-il at a rally against North Korea's nuclear ambition in Seoul May 20, 2005. A North Korean nuclear test can still...
  • China must beware of Congress, Snow says

    05/18/2005 10:39:07 PM PDT · by TigerLikesRooster · 23 replies · 582+ views
    Yahoo News ^ | 05/18/05 | Reuters
    http://news.yahoo.com/news?tmpl=story&u=/nm/20050518/pl_nm/economy_snow_china_dc_3 A Chinese accountant counts Chinese yuan notes in an office in Shanghai May 18, 2005. China on Wednesday dismissed criticism of its fixed currency peg and attacked European and U.S. steps to curb Chinese textile exports as unfair. (Mark Ralston/Reuters) China must beware of Congress, Snow says  Wed May 18, 5:50 PM ET WASHINGTON (Reuters) - The Bush administration is pressuring China to let the yuan rise against the dollar partly to mollify Capitol Hill and wants action within the next few months, U.S. Treasury Secretary John Snow said on Wednesday. "We are escalating the rhetoric and time is...
  • US sets currency deadline for China(6 months)

    05/18/2005 6:23:41 AM PDT · by TigerLikesRooster · 20 replies · 544+ views
    Financial Times ^ | 05/17/05 | Andrew Balls
    US sets currency deadline for China By Andrew Balls in Washington Published: May 17 2005 19:31 | Last updated: May 17 2005 19:31 The US Treasury, in its twice-yearly report to Congress on exchange rates and trade, stopped short on Tuesday of accusing China of currency manipulation but made clear it expected revaluation within six months. The conclusions sparked an angry reaction from those legislators who have lost patience with the Treasury's gentle diplomacy on China's exchange rate. The report, however, marked a clear hardening by the administration. It said: “If current trends continue without substantial alteration, China's policies will...
  • Toughening Its Line, U.S. Warns China on Currency

    05/18/2005 6:07:24 AM PDT · by TigerLikesRooster · 7 replies · 349+ views
    NYT ^ | 05/18/05 | EDMUND L. ANDREWS
    May 18, 2005 Toughening Its Line, U.S. Warns China on Currency By EDMUND L. ANDREWS WASHINGTON, May 17 - The Bush administration warned China on Tuesday that its currency policies were distorting world trade, and it brandished the threat of retaliation against the country's exports if Chinese leaders did not change course in the next year. In language far harsher than it has used before, the Treasury Department declared that China's fixed exchange rate between its currency, the yuan, and the dollar posed a risk to its economy and the economies of much of the rest of the world. The...
  • China Heads List of Problems for New Trade Official(Congress acting up)

    04/30/2005 7:01:31 AM PDT · by TigerLikesRooster · 3 replies · 476+ views
    NYT ^ | 04/30/05 | ELIZABETH BECKER
    http://www.nytimes.com/2005/04/30/business/worldbusiness/30trade.html     China Heads List of Problems for New Trade Official Associated PressPirated DVD's being confiscated in a shop in Xian, China. Rob Portman, the new trade representative, vowed during his confirmation hearings to be tough on China and vigorously enforce trade laws. By ELIZABETH BECKER Published: April 30, 2005 ASHINGTON, April 29 - Representative Rob Portman, Republican of Ohio, was sworn in as the new United States trade representative Friday after the Senate approved his nomination in the morning.Popular with Democrats as well as Republicans, Mr. Portman's nomination was held captive for several days by Senator Evan Bayh, Democrat...
  • China may speed up reform of currency regime

    04/26/2005 6:17:26 AM PDT · by TigerLikesRooster · 5 replies · 422+ views
    Financial Times ^ | 04/24/05 | Geoff Dyer
    http://news.ft.com/cms/s/6be39ecc-b4c9-11d9-8df4-00000e2511c8.htmlChina may speed up reform of currency regimeBy Geoff Dyer in Boao, HainanPublished: April 24 2005 15:03 | Last updated: April 24 2005 15:03 China could accelerate its plan to reform its controversial currency regime because of mounting international pressure, the head of the country’s central bank admitted at the weekend. Zhou Xiaochuan, governor of the People’s Bank of China, said that the government was still working on the “sequencing” of a potential policy change, but acknowledged that encouragement from abroad could result in a quicker decision. “If there is more pressure from outside, it may force us to speed...
  • Yen and Chinese forwards leap on US pressure

    04/23/2005 8:32:40 AM PDT · by TigerLikesRooster · 8 replies · 494+ views
    Financial Times ^ | 04/22/05 | Steve Johnson
    Yen and Chinese forwards leap on US pressure By Steve Johnson in London Published: April 22 2005 11:56 | Last updated: April 22 2005 17:30 The yen and forward contracts based on the non-tradeable Chinese renminbi both jumped sharply on Friday amid mounting speculation that Beijing may be ready to ease its decade-long dollar peg. China has been under increasing pressure over its currency since last weekend’s meeting of the G7 group of leading nations. President George W. Bush led an international chorus for action, while political pressure is building for the US Treasury to name China as a currency...
  • China put on notice over its currency(cornered by G7)

    04/18/2005 10:07:04 AM PDT · by TigerLikesRooster · 44 replies · 1,260+ views
    Financial Times ^ | 04/1705 | Andrew Balls and Scheherazade Daneshkhu
    China put on notice over its currency By Andrew Balls and Scheherazade Daneshkhu in Washington Published: April 17 2005 19:11 | Last updated: April 17 2005 19:11The Group of Seven leading industrialised countries this weekend put China on notice that it must shift to a more flexible currency regime, with finance ministers demanding it take action immediately.  The G7's communique repeated its call for "more flexibility in exchange rates" where it was lacking, to help promote more balanced global growth, and added a demand that "vigorous action is needed to address global imbalances". Officials said there was no discussion of...
  • US bill aims to shake China off the peg(another major area of contention)

    02/04/2005 5:27:53 AM PST · by TigerLikesRooster · 9 replies · 425+ views
    Asia Times ^ | 02/04/05 | N/A
    US bill aims to shake China off the peg HONG KONG - If China does not ease controls on its currency within six months, it will face a 27.5% tariff on all exports to the US under legislation to be introduced in the Senate on Friday. According to Wes Hickman, a spokesman for Senator Lindsey Graham, a South Caroline Republican who is sponsoring the bill, along with Senator Charles Schumer, a New York Democrat, the bill, if approved, will require China to "abide by international trade agreements and stop manipulating the value of the yuan". Reacting to the news, Chinese...
  • Bush urges China to adopt market-based currency rate

    01/27/2005 4:54:14 AM PST · by TigerLikesRooster · 5 replies · 396+ views
    Kyodo ^ | 01/27/05 | N/A
    Bush urges China to adopt market-based currency rate (Kyodo) _ President George W. Bush urged China on Wednesday to adopt a market-based currency rate and vowed to press major trading partners to open their markets as part of his efforts to reduce the huge U.S. trade deficit. "In terms of the trade deficit, it is important for us to make sure that countries treat their currencies in market fashion," Bush said in outlining his policy agenda for the second term at a press conference. "I've been working with China, in specific, on that issue." The Bush administration apparently wants China...
  • Scientists Reverse Paralysis in Dogs

    12/03/2004 4:07:48 PM PST · by neverdem · 51 replies · 1,863+ views
    My Way News ^ | Dec 3, 2004 | RICK CALLAHAN
    INDIANAPOLIS (AP) - Dogs with paralyzed hind legs regained the ability to walk after getting a shot of a chemical cousin of antifreeze that helped repair nerve cells in their damaged spinal cords, scientists reported. Purdue University researchers who led the project hope the approach can soon be tried in people, but caution that there are significant differences between human and canine spinal cords. The treatment only worked on dogs given the injections within about three days of their injury. Some dogs not given the injections eventually walked again, but those getting the new treatment had a dramatically higher recovery...
  • Wisconsin AG apologizes for Drunken Driving Arrest, Pleads Guilty

    02/26/2004 10:30:52 AM PST · by Chummy · 47 replies · 309+ views
    The Janesville Gazette ^ | February 26, 2004 | Jenny Price (AP)
    AG apologizes for drunken driving arrest, pleads guilty (Published Thursday, February 26, 2004 09:15:27 AM CST; updated Thursday, February 26, 2004 11:56:25 AM CST) By Jenny Price/Associated Press MADISON, Wis. -- Attorney General Peg Lautenschlager apologized to Wisconsin citizens Thursday for her drunken driving arrest, pledging to learn from her mistake. Lautenschlager, the state's top law enforcement official, read a statement to reporters and television cameras in the Department of Justice building near the Capitol. She said she cannot take back what happened Monday night, but she will learn from it. "The challenge of life is learning from one's mistakes,"...