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Low currency legislation mooted in US Senate
Iraq Sun
Wednesday 17th March, 2010
Lawmakers in the US have said they want immediate action on the Chinese currency, which they say is being kept artificially low.
Five senators have been pushing legislation that would require the Obama administration to impose penalties if China refuses to float its currency.
They have said the Chinese no longer recognise a level playing field and are holding back the US manufacturing industry from export markets.
The senators, from the most liberal to most conservative areas of government, have complained
that there is no mechanism to provide for countervailing duties and tariffs on the low yuan.
Proposed legislation would require the Treasury Department to act when it finds an undervalued currency from any country.
Under legislation, the Commerce Department would also be authorised to impose anti-dumping tariffs if a misaligned currency is deemed to be a subsidy.  Email this story to a friend
Comments on this story
| By ` ~galljdaj+, 03-17-10, 10:59 AM |
Senators want to legislate against low currenciesSounds like 'adversarial capitalists criers at the poker table! However we know the criers are not real capitalists, but lackies for the criers! We also Know the lackies are not doing the Peoples Business, but are doing the crying bribers'! |
| By ` ~galljdaj+, 03-17-10, 11:13 AM |
Now if the lackies were doing......the Peoples' Business, we would some of this kind of opportunities being offered to all Peoples of the USA:
• CUBA
C U B A
Havana. March 16, 2010
Latin American School of Medicine enrollment in Cuba reaches 10,000
THE Latin American School of Medicine (ELAM) in Cuba is now 10 years old, and has an enrollment of 10,000 students from dozens of countries, who are studying to be doctors without any cost for their families.
'Our current enrollment is close to 10,000 students. We have had five classes graduate so far (after completing the six-year program), for a total of 7,248 graduates from 28 countries,' Midalys Castilla, academic vice rector, commented.
Currently, young people from 55 countries — including Africa and small Pacific islands — take classes at the ELAM, 75% of them from working-class and farming families, and there are students from 104 indigenous communities in Latin America.
The only thing required from the students (from 17 to 25 years old) is that once they earn their degrees, they will return to their hometowns to practice medicine, thus returning what they have received in knowledge.
That was the situation with the first 34 U.S. graduates — now there are 113 — from the United States, which obliged the institution to obtain accreditation from the California Medical Board.
In Cuba there are also 11,000 scholarship students as part of the ALBA project, the integration agreement of the Bolivarian Alternative for the Peoples of Our America, formed by Venezuela, Bolivia, and Ecuador, among others.
Initially, 'there was great resistance from medical associations in some countries, the vice rector commented during a tour of ELAM’s facilities, located outside the capital.
She noted that the medical associations’ concern diminished as they discovered that these colleagues were returning to their hometowns, to places generally neglected by doctors.
Even some governments in the region who were somewhat distrustful of the program – whether or not they expressed it – later changed their perceptions, Castilla said.
In places like Honduras, Mexico, Brazil and Argentina, the youthful graduates have had to struggle for recognition of their degrees. Little by little, though, the universities, medical associations, and governments have begun to cede. In contrast, the diplomas are automatically recognized in Spain.
'We are at an important moment in terms of the program’s validation,' Castilla said.
Classes began in February 1999 with about 1,900 young people, especially from Central America. At that time, two hurricanes had devastated poor communities in that region.
Then-president Fidel Castro said the time had come to train 'humanistic' professionals who were committed to their communities, a veritable 'army of white coats.'
Currently, the students and alumni are working to form an international association. (With information from AP)
Translation by Granma International
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comments: If the lackies were doing Our Business, American Citizens would all have Basic Medical Care, and we would be educating Students to become those Doctors and related Staff Just Like Our Neighbors that THE LACKIES LOVE TO HATE AND CALL NAMES! like the commie shouters do!
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| By kawahchan, 03-17-10, 03:35 PM |
Key man (D) Sen. Charles Schumer should trade China's RMB YUAN.If that stupid Harvard’s MBA Henry Paulson is still thinking his China’s RMB YUAN theory is correct, so right; then (D) Sen. Charles Schumer of New York should go to Wall Street to starting trading 1, 2 billion RMB a day to devaluate our GREAT AMERICAN hard-earning US Dollar. Actually, now is a Obama-Biden Socialism government and Democratic Party’s controlled Congress and Senate, if China’s RMB YUAN is so interested to YOU, why Obama does not encourage American people to start buying China’s RMB currency to save in their bank account ? Sure, Obama’s fans can BUY LOW and SELL HIGH once China’s RMB value went up. Sorry, being an American citizen, we Americans will protect and treasure our US Dollar, try NOT to let our American dollar to lose value. |
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