Mr. Alan Blinder is a big free-trade proponent. He is perhaps rethinking his position, (从jeff处借鉴得来~ ) partly because free-trade could see the eventual outsourcing of some 40 million American jobs. I just wanted to emphasize that, because it is
The United States has sustained 31 consecutive years of trade deficits. Those deficits have reached successively higher records in each of the past five years. The US trade deficit has in fact more than doubled since President George W. Bush took of
Stocks were treading water ahead of that Federal Reserve announcement and then exploded higher.After discussing the state of the economy for two days,the Fed kept its key short term interest rate unchanged at 5.25%.But that's not what actually spark
China has never hidden its desire to become a major force in the aviation and aerospace industries. And Sundays announcement that it plans to challenge Airbus and Boeings current duopoly by building big passenger jets isnt exactly a shock. I dont th
Valerie Morris: I have to tell you (it) was another down day on Wall Street, ending a down week. Earlier in the week it was the Subprime Mortgage story, now renewed concerns about inflation, consumer prices rose a little bit more than expected in Fe
The reality is that the level of distress here definitely knocked down a couple of notches today. Stocks ended slightly higher, investors paid little attention to a worse-than-expected inflation report, and comments from former Fed Chairman Alan Gre
Well, the increased demand for ethanol is pushing up the price of corn, the key ingredient in the alternative fuel. And the Agriculture Department says that as corn prices rise, so too would food prices. It says consumers can expect to pay more for
The closing bell rang moments ago and it couldn't have come too soon for many investors after this crazy week on Wall Street. It was another roller-coaster session for the market. Stocks actually edged into the plus column briefly, but by the end it
Airbus will cut 10,000 jobs, half from its own 56,000-member workforce and half from subcontractors. 1,600 of the jobs will go here in the UK, but the bulk of the cuts happen in Germany and France. Couldn't believe the news, I couldn't believe the ne
It's the worst one-day sell-off on Wall Street since after the 9/11 attacks. Stock prices plunged today across the board and around the world. The Dow Jones Industrial Average was down about 416 points at the closing bell and at one point it fell un
Never in the brief history of China's stock market has there been a boom like this, and small-time investors are grabbing the bull run by the horns. Among them, Zhu Shuliang, he's been following his small portfolio everyday for the past 12 years at t
Starbucks founder and Chairman Howard Schultz with a warning and a challenge for his ever-expanding coffee empire, Schultz sees a threat to his brand, a problem that could impact everything that's made Starbucks the great American success and growth
Henry Hank Paulson has visited China more than 70 times, but it's his first trip to a Shanghai financial market as US Treasury Secretary. Paulson toured the Shanghai Future Exchange Thursday, the final stop of his three-nation swing through Asia. Th
They are the markets every investor wants to find before they take off and after a 130% rise in China's locally traded market last year. Millions of Chinese have poured their money into stocks. But that's making problems for a nervous government. Tyl
There were plenty of fancy new music playing phones on view at the big mobile phone trade fair in Barcelona. But not the one everyone is talking about. Apple didn't bother to show up to show off its iPhone. But London-based Omniphone did come and lau
In the race for the title of world's largest automaker, Toyota of Japan proved Tuesday it's on track to unseat US car giant General Motors. We've posted record highs from sales to net profit in our third quarter. In its latest quarterly earnings repo
Intel says it's developed a programmable processor that can perform about a trillion calculations per second. That's trillion with the T, a one followed by 12 zeros. Just to give you some perspective here. The company says it can put on a chip the si
This refinement to our relationship with IBM's ? in this guise of a win-win relationship. William Amelio is a corporate pioneer, the man whose job's been to manage the merger of an American icon with a mainland Chinese company. Amelio, formerly the h
Chung Mong-koo, the chairman of South Korea's largest carmaker Hyundai Motor, has been handed a three-year jail sentence in what many here believe is a compromise in a raging debate between those who believe that South Korea should improve its intern
Well that long-awaited Vista operating system will be available to consumers starting at midnight tonight. CompUSA, Best Buy and Circuit City are among the stores that will have extended hours tonight so that you can be the first on your block to ins