Archive for August, 2006

India Accuses China of Dumping

Tuesday, August 1st, 2006 by Sean Flynn

The Indian government has launched a formal investigation into the price of China’s textile exports, accusing five Chinese firms of “dumping” textiles into India below “fair market value.” Until the investigation ends, India has introduced provisional tariffs on silk imports ranging from 57% to 116%.
This is yet another of the countless dumping allegations made against China each year. According to the WTO, most of [...]

A New Look at the Current Account Deficit

Tuesday, August 1st, 2006 by Sean Flynn

With the Senate threatening to pass import tariff legislation if China does not allow the yuan to appreciate, the topic of the U.S.’s expanding current account deficit is hotter than ever. A recent article from American Enterprise Institute scholar John Makin, though, gives good analysis on why the current account deficit may not have the negative implications many politicians [...]

Leftist Senators think your money belongs to them

Tuesday, August 1st, 2006 by Brendan Steinhauser

Reading the recent debate about the death tax and minimum wage increase has clarified how leftist Senators view your tax dollars.
To quote Ted Kennedy, the Republicans attached “hundreds of billions of dollars in tax giveaways to the wealthiest Americans” to the minimum wage bill.
Senator Harry Reid adds, “They’re threatening to deny a raise for 11 [...]