Kathianne
01-24-2009, 06:55 AM
Which country are we in hock to?
http://news.yahoo.com/s/ap/20090124/ap_on_go_pr_wh/us_obama_china
Under Obama, US-China ties may face shaky start
By FOSTER KLUG, Associated Press Writer
1 hr 6 mins ago
WASHINGTON – Secretary of State Hillary Rodham Clinton has said no nation is more important to the United States than China. But ties between the two powers may be off to a rocky start just days into the Obama administration.
In his inaugural address Tuesday, President Barack Obama spoke of how earlier generations of Americans had "faced down fascism and communism." China's state broadcaster quickly faded out the audio of its live broadcast, the camera cutting back to a flustered studio anchor.
Then, on Thursday, Obama's choice to lead the Treasury Department, Timothy Geithner, wrote that Obama believes China is "manipulating" its currency, which American manufacturers say Beijing does to make its goods cheaper for U.S. consumers and American products more expensive in China....
http://news.yahoo.com/s/nm/20090124/ts_nm/us_china_usa_5
China hits back at U.S. in currency row
By Chris Buckley
37 mins ago
BEIJING (Reuters) – China's central bank on Saturday said U.S. accusations that it was manipulating the yuan currency were misleading, a day after Beijing cautioned incoming Secretary of State Hillary Clinton to handle their ties with care.
The remarks from Su Ning, a vice governor of the People's Bank of China, were the bank's first public reaction to comments from U.S. Treasury Secretary-designate Timothy Geithner, who said this week that Beijing was manipulating its currency exchange policies to gain an unfair trade advantage.
"These comments are not only out of keeping with the facts, even more so they are misleading in analyzing the causes of the financial crisis," Su said of Geithner's comments to the Senate Finance Committee, according to the official Xinhua news agency.
The exchange marks a testy start to ties between Beijing and the Obama administration, which may tarnish vows of cooperation in combating the global economic slowdown and security threats....
http://news.yahoo.com/s/ap/20090124/ap_on_go_pr_wh/us_obama_china
Under Obama, US-China ties may face shaky start
By FOSTER KLUG, Associated Press Writer
1 hr 6 mins ago
WASHINGTON – Secretary of State Hillary Rodham Clinton has said no nation is more important to the United States than China. But ties between the two powers may be off to a rocky start just days into the Obama administration.
In his inaugural address Tuesday, President Barack Obama spoke of how earlier generations of Americans had "faced down fascism and communism." China's state broadcaster quickly faded out the audio of its live broadcast, the camera cutting back to a flustered studio anchor.
Then, on Thursday, Obama's choice to lead the Treasury Department, Timothy Geithner, wrote that Obama believes China is "manipulating" its currency, which American manufacturers say Beijing does to make its goods cheaper for U.S. consumers and American products more expensive in China....
http://news.yahoo.com/s/nm/20090124/ts_nm/us_china_usa_5
China hits back at U.S. in currency row
By Chris Buckley
37 mins ago
BEIJING (Reuters) – China's central bank on Saturday said U.S. accusations that it was manipulating the yuan currency were misleading, a day after Beijing cautioned incoming Secretary of State Hillary Clinton to handle their ties with care.
The remarks from Su Ning, a vice governor of the People's Bank of China, were the bank's first public reaction to comments from U.S. Treasury Secretary-designate Timothy Geithner, who said this week that Beijing was manipulating its currency exchange policies to gain an unfair trade advantage.
"These comments are not only out of keeping with the facts, even more so they are misleading in analyzing the causes of the financial crisis," Su said of Geithner's comments to the Senate Finance Committee, according to the official Xinhua news agency.
The exchange marks a testy start to ties between Beijing and the Obama administration, which may tarnish vows of cooperation in combating the global economic slowdown and security threats....