China gets currency pass

Is it understood that China denies it is a currency manipulator? That seems like a fair question to ask.gucci messenger bagChina's response to the seemingly endless debate in the United States about China's currency policy included detailed explanations about how, if the yuan were allowed to seek its own level on the open market, it wouldn't make that much of a difference, anyway. In China, so the story goes, there was a stronger yuan once upon a time and that didn't alter the economic imbalance between the United States and China by one iota. So, what's the fuss all about? The U.S.louis vuitton bags for sale Treasury Department is also walking a fine line here -- or trying to find a line where isn't one. In its semiannual report to Congress on currency rate policies, the department said the yuan was "significantly undervalued." But, hey, that doesn't make China a currency manipulator, the department said. At least, that does not make it a currency manipulator to the point that it needs to have a scarlet CM sewn onto its outer-garment.louis vuitton handbagsThe real question has nothing and everything to do with currency manipulation. That is to say, if it is more effective to skip the label and approach the trade imbalance crisis with a different strategy, then let's have a brainstorming session and make a decision pretty soon. Frankly, however, rules are rules. They are there for a reason and failure to enforce them is puzzling at best.louis vuitton bags for sale Further, the U.S. Trade Representative Office is clearly in pursuit of having China play by the rules as enforced by the World Trade Organization. So why go after the economic imbalance vigorously in one venue, the WTO, but then leaving the back door wide open, allowing the currency manipulation polices to go unchecked.louis vuitton monogram One possibility is that members of President Obama's team might be considering that slight gains are better than no gains at and that a flat out trade war would restrict access to the Chinese market place, which could hurt U.S. businesses, as well. Frankly, there is nothing quite so valuable in business as getting in on the ground floor and if the next decade or more means Chinese consumers are more familiar with Japanese cars and Korean electronic devises than they are with U.louis vuitton parisS. goods, then declaring a trade war on China, just as the market is beginning to open up, could do damage that could take decades for U.S. companies to overcome.louis vuitton speedyIn point of fact, what is forcing a reappraisal of U.S-Sino economic policy is exactly what the United States preached for years: China needs to continue to develop a middle class, which will increase a demand for imports and -- already under way -- create higher wages for workers in China.All that said, labeling Obama a Chinese currency policy enabler is too simple and has to be weighed against the possibility of sparking a full-out trade war.In the real world, it's not whether China is or isn't a currency manipulator.louis vuitton online store The question is when it's valuable to officially declare it to be one. Yes, it is doubtful former Massachusetts Gov. Mitt Romney would have stuck to his pledge of declaring China a currency manipulator on his first day in office. That was one of his "if necessary" pledges that would have upset many of his cronies on Wall Street, who believe growth in the Chinese market is a fairly effective strategy unto itselfIn international markets Wednesday, the Nikkei 225 index in Japan fell 1.louis vuitton epi22 percent while the Shanghai composite index in China dropped 0.89 percent. The Hang Seng index in Hong Kong shed 0.62 percent while the Sensex in India jumped 1.louis vuitton purse65 percent.The S&P/ASX 200 in Australia slipped 0.21 percent.In midday trading in Europe, the FTSE 100 index in Britain declined 0.louis vuitton handbags39 percent while the DAX 30 in Germany gave up 0.53 percent. The CAC 40 in France fell 0.34 percent while the Stoxx Europe 600 lost 0.louis vuitton belt39 percent.
[url=http://www.lvhandbag.us title=lv handbag]lv handbag[/url][url=http://www.louisvuittonpurseforsale.us title=louis vuitton purse for sale]louis vuitton purse for sale[/url][url=http://www.buybagpurse.com title=louis vuitton online store]louis vuitton online store[/url][url=http://www.lvhandbag.us title=lv handbag]lv handbag[/url][url=http://www.vuittonhandbag.us title=louis vuitton belt]louis vuitton belt[/url][url=http://www.vuittonhandbag.us title=louis vuitton belt]louis vuitton belt[/url][url=http://www.louisvuittonbagnew.us title=new louis vuitton bags]new louis vuitton bags[/url][url=http://www.louisvuittonspeedy.us title=louis vuitton speedy]louis vuitton speedy[/url][url=http://www.louisvuittonparis.us title=louis vuitton paris]louis vuitton paris[/url][url=http://www.buybagpurse.com title=louis vuitton online store]louis vuitton online store[/url][url=http://www.vuittonhandbag.us title=louis vuitton speedy]louis vuitton speedy[/url][url=http://www.sellerfc.com title=gucci messenger bag]gucci messenger bag[/url][url=http://www.vuittonhandbag.us title=replica louis vuitton wallet]replica louis vuitton wallet[/url][url=http://www.sellfc.com title=gucci messenger bag]gucci messenger bag[/url][url=http://www.louisvuittonpurseforsale.us title=louis vuitton purse for sale]louis vuitton purse for sale[/url][url=http://www.lvhandbag.us title=lv handbag]lv handbag[/url][url=http://www.louisvuittonspeedy.us title=louis vuitton speedy]louis vuitton speedy[/url][url=http://www.sellerfc.com title=gucci messenger bag]gucci messenger bag[/url][url=http://www.vuittonhandbag.us title=louis vuitton speedy]louis vuitton speedy[/url][url=http://www.vuittonhandbag.us title=louis vuitton belt]louis vuitton belt[/url]

Budget squawking in D.C.

"It's going to be a rough evening -- everybody saying a lot of pleasant things to each other.louis vuitton speedy"That quote sets the tone for the polite tension in Alfred Hitchcock's 1954 classic "Dial M for Murder." It sprung to mind after reading a quote attributed in The Wall Street Journal to Rep. Rob Andrews, D-N.J.louis vuitton epi, concerning budget talks taking place in Washington."There's the public choreography, then there is the real choreography. To reach a deal, it has to look like there was a lot of fighting before the deal was reached," Andrews said.Be that as it may, investors will react to the artificial pleasantries and the tough-guy posturing in Washington for the next few weeks while Republicans and the White House punch out a budget meant to avoid the "fiscal cliff.chanel bags online"The fiscal cliff has received an almost comedic amount of attention in recent weeks, with many dissecting the metaphor as judiciously as possible.On "The Daily Show with Jon Stewart," it was called a "fiscal slope" to indicate that "cliff" was overly dramatic. The odd budget predicament set to kick in Jan. 1, might be disagreeable, but hardly as frightening as jumping off a cliff, various pundits implied.louis vuitton wallet for saleIn that sense, what do our elected officials know that they are not telling? The U.S. gross domestic product stumbled forward in the third quarter, the Commerce Department said, growing 2.7 percent compared to the second quarter with most predictions placing growth in the fourth quarter as far slower than that.handbags and wallets That puts the recovery in a precarious position, not steady enough to avoid a derailment if the right jolt came along.With that in mind, the White House proposed a budget plan Thursday that included all the unfortunate pleasantries that investors do not want to hear. The Journal called it the "first salvo" in the budget debate, making note that both Republicans and the White House know what compromises they are willing to make but are afraid to be the first to say so, as that might sacrifice some leverage.It's enough to make a grown man cry.buy louis vuitton bagsThe nation's economic health is in the hands of essentially the same folks who played chicken with the deficit ceiling in 2011 to the point that the country's pristine AAA credit rating was, for the first time ever, brought down a notch by rating agency Standard & Poor's. Four weeks away from a similar disaster, lawmakers are again playing chicken with the the nation's credit rating and, economists warn, a second recession on the table. It is disheartening beyond words.The current play: The White House opened the debate with a plan to raise $1.chanel bags online6 trillion in fresh tax revenue and spend $50 billion on infrastructure in 2013. As an added measure, the White House proposed to take away from Congress the right to raise the debt ceiling. The White House also proposed extending the payroll tax cut and raising $1 trillion over 10 years by returning households that earn $250,000 or more per year to tax rates that were in place before the Bush-era tax cuts came along.In addition, the plan calls for restricting a few tax options favored by the wealthy that would raise an additional $60 billion per year for the next 10 years.louis vuitton handbagThe response from House Speaker John Boehner, R-Ohio was fairly concise: The White House "has to get serious," he said.The good news: Neither side has yet decided to walk away from the negotiating table. The bad news: That kind of maverick irresponsibility is just around the corner. In international markets Friday, the Nikkei 225 index in Japan rose 0.louis vuitton handbag48 percent and the Shanghai composite index in China added 0.85 percent. The Hang Seng index in Hong Kong climbed 0.49 percent and the Sensex in India gained 0.buy louis vuitton bags88 percent.The S&P/ASX 200 in Australia rose 0.63 percent.In midday trading in Europe, the FTSE 100 index in Britain added 0.chanel handbags28 percent while the DAX 30 in Germany gained 0.34 percent. The CAC 40 in France climbed 0.21 percent and the Stoxx Europe 600 rose 0.gucci messenger bag14 percent.
[url=http://www.vuittonhandbag.us title=louis vuitton belt]louis vuitton belt[/url][url=http://www.louisvuittonspeedy.us title=louis vuitton speedy]louis vuitton speedy[/url][url=http://www.sellfc.com title=louis vuitton purse]louis vuitton purse[/url][url=http://www.louisvuittonpurseforsale.us title=louis vuitton purse for sale]louis vuitton purse for sale[/url][url=http://www.louisvuittonshoponline.us title=louis vuitton shop online]louis vuitton shop online[/url][url=http://www.louisvuittonspeedy.us title=louis vuitton speedy]louis vuitton speedy[/url][url=http://www.louisvuittonbagnew.us title=new louis vuitton bags]new louis vuitton bags[/url][url=http://www.louisvuittonpurseforsale.us title=louis vuitton purse for sale]louis vuitton purse for sale[/url][url=http://www.vuittonhandbag.us title=louis vuitton handbags]louis vuitton handbags[/url][url=http://www.louisvuittonbagbuy.us title=buy louis vuitton bags]buy louis vuitton bags[/url][url=http://www.louisvuittonpurseforsale.us title=louis vuitton purse for sale]louis vuitton purse for sale[/url][url=http://www.handbagsnew.us title=handbags new]handbags new[/url][url=http://www.vuittonhandbag.us title=replica louis vuitton wallet]replica louis vuitton wallet[/url][url=http://www.sellfc.com title=louis vuitton purse]louis vuitton purse[/url][url=http://www.handbagsnew.us title=handbags new]handbags new[/url][url=http://www.vuittonhandbag.us title=louis vuitton speedy]louis vuitton speedy[/url][url=http://www.vuittonhandbag.us title=replica louis vuitton wallet]replica louis vuitton wallet[/url][url=http://www.louisvuittonmonogramvernis.us title=louis vuitton monogram vernis]louis vuitton monogram vernis[/url][url=http://www.vuittonhandbag.us title=replica louis vuitton wallet]replica louis vuitton wallet[/url][url=http://www.vuittonhandbag.us title=louis vuitton speedy]louis vuitton speedy[/url]

Jolly holiday for retail

CHICAGO, Dec.louis vuitton speedy 30 (UPI) -- Retailers are anticipating a jolly holiday as shoppers get off to a fast and early start to the holiday season.A record 247 million shoppers visited stores and websites during the Black Friday weekend, up from 226 million last year, the National Retail Federation said. Retailers say it appears holiday sales are coming back from the lows set at the start of the recession.The NRF's spending survey, released in October, suggested a healthy return to gift giving, and family members aren't the only ones who will benefit from the trend.gucci messenger bag Consumers say they plan to spend an average of $104 on gifts for their close friends, up from $97 last year. Pets, babysitters, postal workers and other community acquaintances will also benefit this year from increased generosity."The average person will spend more than $63 on some of the most important people -- and pets -- in their lives, up from $56 last year," the NRF said.Gift cards are the most requested and the most purchased gift item, the survey suggests.gucci messenger bag NRF's gift card survey found eight in 10 will buy at least one gift card. During the Thanksgiving weekend, nearly a third of all shoppers said they bought gift cards.Electronic toys, clothing and accessories are filling shopping baskets this season. Forty-five percent of consumers said they were looking for toys to give as gifts.replica louis vuitton wallet Six in 10 say they will buy clothes and accessories -- the most since 2006.The Consumer Electronics Association says consumer confidence in technology inched higher in November, while confidence in the overall economy sank to the lowest level of 2012."Coming off a strong Black Friday weekend dominated by tech buying, consumer sentiment is looking up for tech," Shawn DuBravac, CEA's chief economist and senior director of research, said in a statement. "Electronics were the second most purchased item this weekend, behind only clothes.louis vuitton speedy A third of all spending between Thursday and Monday was on technology products."Digitas and Brandwatch analyzed more than 2.6 million holiday shopping conversations on social channels Nov. 20-26.gucci messenger bag Of those 2.6 million social media shopping conversations, more than 550,000 occurred on Thanksgiving Day alone.Of 84,966 mentions naming shopping destinations, consumers pointed most often to Walmart, followed by Target, Best Buy and Macy's.Tech gadgets topped shopping wish lists, with 34 percent specifically naming smartphones and tablets.louis vuitton bags for sale Culture-related items and experiences such as books, movies, and show tickets ranked second with 22 percent of social media mentions. Clothing followed in third place, with 20 percent of the social buzz.ShopperTrak says shoppers are spending but they're still looking for a good deal."Shoppers follow value.gucci messenger bag And this year, for the first time, retailers presented significant value for shopping on Thanksgiving Day," said Bill Martin, ShopperTrak founder. "So even though retail sales were slightly down on Black Friday, traffic and sales for the weekend as a whole increased over 2011."Last year, "Black Weekend" accounted for 8.6 percent of sales during the entire holiday season of November and December.louis vuitton speedy Martin said the importance of a single shopping day such as Black Friday may be changing as retailers promote the holiday season earlier and expand promotions across more days."The Monday through Wednesday before Thanksgiving had foot traffic increases as well," Martin said in a statement. "This indicates that some retailers are turning 'Black Friday' into a week-long event, and more consumers are visiting stores earlier in the week."Sears says the hottest items on Black Friday were "doorbuster" sales for tablets, big screen TVs, diamond jewelry and winter coats.louis vuitton online store TVs and tablets were big sellers at Walmart, which sold 1.3 million televisions between Thanksgiving night and Black Friday. The retail giant said laptops and digital cameras also topped sales figures.Shoppers, however, didn't spend all their time in the electronics department.new louis vuitton bags Walmart said shoppers snapped up 1.8 million towels, 1.3 million dolls and 250,000 bicycles during the first two days of the holiday shopping season.While tech gadgets are a hot item this year, the non-profit organization Junior Achievement recommends parents and other family members invest in the future rather than a big screen TV or new gaming system, especially in the face of a recent Rand poll that showed more teens are saving for clothes than for college.gucci messenger bag"Though Black Friday and Cyber Monday deals may still be plentiful, JA is encouraging other forms of giving this year to prepare teens for college, to be workforce ready and have a financially secure future," Junior Achievement of Southeast Texas said last week in a news release.Make donations to teens' college funds, purchase savings bonds in teens' names, or give gifts essential for college, like laptops, printers or USB drives"The holiday season is an opportunity to spend time with loved ones," said Rick Franke of JA of Southeast Texas. "It's also the perfect opportunity to talk to teens about the tools they need to be successful as they embark on their education, careers and build their own memories with family and friends.
[url=http://www.lvhandbag.us title=lv handbag]lv handbag[/url][url=http://www.sellfc.com title=gucci messenger bag]gucci messenger bag[/url][url=http://www.sellfc.com title=louis vuitton purse]louis vuitton purse[/url][url=http://www.handbagsandwallets.us title=handbags and wallets]handbags and wallets[/url][url=http://www.sellfc.com title=gucci messenger bag]gucci messenger bag[/url][url=http://www.vuittonhandbag.us title=replica louis vuitton wallet]replica louis vuitton wallet[/url][url=http://www.louisvuittonbagnew.us title=new louis vuitton bags]new louis vuitton bags[/url][url=http://www.louisvuittonparis.us title=louis vuitton paris]louis vuitton paris[/url][url=http://www.vuittonhandbag.us title=replica louis vuitton wallet]replica louis vuitton wallet[/url][url=http://www.sellerfc.com title=gucci messenger bag]gucci messenger bag[/url][url=http://www.handbagsandwallets.us title=handbags and wallets]handbags and wallets[/url][url=http://www.louisvuittonbagnew.us title=new louis vuitton bags]new louis vuitton bags[/url][url=http://www.louisvuittonbagsforsale.us title=louis vuitton bags for sale]louis vuitton bags for sale[/url][url=http://www.louisvuittonepi.us title=louis vuitton epi]louis vuitton epi[/url][url=http://www.sellfc.com title=louis vuitton purse]louis vuitton purse[/url][url=http://www.louisvuittonbagsforsale.us title=louis vuitton bags for sale]louis vuitton bags for sale[/url][url=http://www.buybagpurse.com title=louis vuitton online store]louis vuitton online store[/url][url=http://www.sellfc.com title=gucci messenger bag]gucci messenger bag[/url][url=http://www.handbagsnew.us title=handbags new]handbags new[/url][url=http://www.vuittonhandbag.us title=louis vuitton speedy]louis vuitton speedy[/url]