- Protectionist Myths
Evidently, the pessimism and despair that often overwhelms free traders today is unwarranted. The arguments of protectionists, new and old, are just so many myths that can be successfully challenged.
- U.S. Fed Revises Down Growth Outlook
The minutes said that that changes to the outlook "were viewed as relatively modest and as not warranting policy accommodation beyond that already in place."
- U.S. Issues New Oil Drilling Ban
The U.S. government issued a revised version of moratorium on offshore oil drilling Monday, after an earlier attempt was struck down late last month by a federal judge.
- IMF Ups China's Growth Outlook to 10.5Pct
The International Monetary Fund raised its growth projection for China by 0.5 percentage points to 10.5 percent for 2010 while cut forecast for 2011 by 0.3 percent to 9.6 percent.
- U.S.: China Not a Currency Manipulator
The U.S. Treasury declined to name China as a currency manipulator in a long-awaited report to Congress Thursday but maintained that Chinese yuan was undervalued.