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China's central bank is under increasing pressure from policy advisers to let the yuan currency fall quickly and sharply, by as much as 10-15 percent, as its recent gradual softening is thought to be doing more harm than good. The People's Bank of China (PBOC) has spent billions of dollars buying yuan over recent months to defend the exchange rate, but has failed to stabilize market sentiment. The currency has steadily lost another 2.6 percent against the U.S. dollar even after the bank sprung a surprise devaluation of nearly 2 percent in August.

Facing off against some of his toughest critics on Capitol Hill Wednesday, Federal Reserve Chairman Ben Bernanke told lawmakers they need a "credible program" to reduce the nation's growing deficit. "Even after economic and financial conditions return to normal, the federal budget will remain on an unsustainable path... unless the Congress enacts significant changes in fiscal programs," Bernanke told the House Budget Committee. In his first appearance before the new Republican-controlled House Wednesday morning, Bernanke addressed questions about the state of the economy and fiscal and monetary policy. Paul Ryan, a Republican from Wisconsin who heads the committee, has been...

My Dear Friends, Gold is clearly on its way to $1,650 and beyond. I have told you for many years that there was no PRACTICAL solution to the problems created by OTC derivative manufacturers and distributors namely our beloved “banksters.” By practical I meant a solution that itself would not cause more dislocations than the problem to which it was applied already has. Now you see political realities both in taxation and quantitative easing. Friends, there is no practical way out of this problem – none. We are going to inflate and spend as the entire Western world financial/political managers...

(Reuters) - Treasury Secretary Timothy Geithner vowed on Monday that the United States would not devalue the dollar for export advantage, saying no country could weaken its currency to gain economic health. "It is not going to happen in this country." Geithner told Silicon Valley business leaders of devaluing the dollar. Geithner broke his silence on the dollar's protracted slide ahead of this weekend's meeting of finance leaders from the Group of 20 wealthy and emerging nations in South Korea, where rising tensions over Chinese and U.S. currency valuations are expected to take center stage. "It is very important for...

We did it... We protested churchill. There was a collection of pro-Churchill moonbats that showed up, and we protested them as well.

TROUBLE SPEAK Ward Churchill copied 'original' art piece Takes a swing at TV reporter who confronted him -------------------------------------------------------------------------------- Posted: February 26, 2005 1:00 a.m. Eastern © 2005 WorldNetDaily.com Professor Ward Churchill Adding to a growing list of allegations, controversial University of Colorado professor Ward Churchill appears to have violated copyright law by claiming a reknowned artist's work as his own. Churchill, whose integrity has been challenged since news broke earlier last month of his paper blaming victims of 9-11 for the attacks, made an Indian-theme serigraph in 1981 called "Winter Attack" and printed 150 copies. But one of the buyers,...

PUT SOME PRESSURE ON PROF CHURCHILL AND U OF C ACT NOW: Please express your concerns about Professor Churchill by sending POLITE AND THOUGHTFUL emails to the Department of Ethnic Studies - The University of Colorado, Boulder, to UC’s Board of Regents, to UC’s Interim Chancellor, and to Colorado’s Governor. Please also contact Colorado’s state house members and U.S. House and Senate reps. Remember, being rude and hurling insults will get you nowhere. Intelligent and thoughtful comments will have an impact. For more info, click here.

Now that the conservatives have made their voice more loud and clear by reelecting G.W. Bush, we must not relent in turning back the liberal tide that has vexed our nation.

Friday, Apr. 9, 2004. Page 5 Russia 'Frustrated' UN Iraq Sanctions By Jesse Westbrook BLOOMBERG Bloomberg John Negroponte WASHINGTON -- Russia, France and China blocked enforcement of United Nations sanctions on Iraq, contributing to former dictator Saddam Hussein's alleged theft of money from the UN-administered oil-for-food program, U.S. Ambassador John Negroponte told the U.S. Congress on Wednesday. Senator Richard Lugar, an Indiana Republican, asked Negroponte at a Senate Foreign Relations Committee hearing if the three countries were unwilling to impose "strict" guidelines that would have prevented abuses of the program, which allowed Iraq to sell oil to buy medicine and...