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September 23, 2002

United States
Gene Sperling, Former White House Chief Economic Adviser, Joins the Council to Advance Universal Education

  Contact: Lisa Shields, Director of Communications, 212-434-9888   NEW YORK, September 20, 2002 – Gene Sperling, President Clinton’s national economic adviser and former director of the…

December 8, 2004

Budget, Debt, and Deficits
The central bank bid

It seems like America’s biggest creditors stepped up to the plate today. China’s rapidly growing reserves have to go somewhere ... From Bloomberg:"So-called indirect bidders, which include the forei…

December 11, 2004

United States
The Global Test

My harping on the fact that US economic policy now has to pass a global test is not simply meant to score rhetorical points. I suspect that the same folks who financed the expansion of the US curren…

February 22, 2005

Monetary Policy
Korea, enough said

It looks the remarks of Korea’s Central Bank President last week were a leading indicator of today’s big news: Korea plans to diversify its reserves away from the dollar! Bloomberg is right: the rea…

February 24, 2005

Monetary Policy
An Asian OPEC?

A less kind headline might be "Asian policy makers meet, agree to continue manipulating foreign exchange markets" Still, this Bloomberg article (link thanks to Calculated Risk) suggests that there ma…