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Showing posts with label yuan. Show all posts
Showing posts with label yuan. Show all posts

Saturday, March 06, 2010

To Make a Global City [Today's News Poem March 6, 2010]

To Make a Global City [Today's News Poem March 6, 2010]

“"If we are to withdraw from unconventional policies and return to conventional economic policies, we need to choose the time very carefully. This includes the exchange rate policy for the renminbi,"”

http://online.wsj.com/article/SB10001424052748703915204575104743815279822.html?mod=WSJ_Markets_LeadStory

“China had allowed its currency to slowly appreciate against the dollar until late 2008, when world economies sagged under the weight of the United States banking and securities collapse. Most economists say the Beijing government acted to maintain the price advantage of Chinese manufactured goods, a linchpin of the Chinese economy, at a time when exports were drying up.”

http://www.nytimes.com/2010/03/07/world/asia/07china.html

First, slather all the world with some concrete,
Then etch the human face of our elite;
Then paint the surface red and white and blue.
The bluebloods spill that commie ink—a hue
That contrasts with the white of so-called 'good,'
We crown with lies: enriching thieves and hoods.
This planet called America will own
The sun—such leverage will finance loans

To colonize the nearby space. The stars
Will serve as power-plants to animate
A polis Plato might have loved. The bars?
Are promissory notes and credit rates.

A human being will work as long as he's inspired;
Postpone the joy—most everything that she desired
To gain it back with savings after he's been hired,
Not knowing that before she wins that she'll be fired.

We sell the sale then tell the tale
Of how we won our megatons,
While workers solder, hammer nails:
We've fixed the game and have them spun.

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Friday, February 12, 2010

The Nazis Won [Today's News Poem, Feb 12, 2010]

The Nazis Won [Today's News Poem, Feb 12, 2010]
Khakjaan Wessington

“For the second time in less than five weeks, China’s central bank has moved to limit lending to consumers and businesses by ordering big commercial banks to park a larger share of their deposits at the central bank. The step, announced late Friday, came earlier than most economists had expected and was aimed at forestalling a rekindling of inflation by controlling a rapid expansion in bank loans. Families, real estate developers and industrial companies have been borrowing heavily and have started paying more for everything from food to apartments.”
http://www.nytimes.com/2010/02/13/business/global/13yuan.html

The dictionary's buttressed—scholars, publishers,
And interests determine how its read, applied
And otherwise abused—despite how language-roots
Grow deep within the common use. These thought-fissures
We see in words like 'Fascism:' it's oft denied
In case right here. America has tax jackboots

And threats of killer debts because the contractors
Can cover loans by governmental guarantee
Of pay: they borrow all the cash—we can't compete.
Who risks on tiny business? Nuclear-reactors
Will generate a yield for sure, the bourgeoisie
Are safer allocations unlike most main-streets.

Main Street: a flow of cars—of bars, electric wires.
To squash the meats without a shell; to keep the thieves
Away from Mine, to burn the birds to death: with tires
Or current, desperation sells: it hurts, it weaves

The means to close the deal: the cars will sell,
And suicide's against the law, so profits swell
At burger joints that own this land: don't call it hell.

Sunday, February 07, 2010

Your Problem Is Not Too Much War, But Too Little [Today's News Poem, Feb 7, 2010]

Your Problem Is Not Too Much War, But Too Little [Today's News Poem, Feb 7, 2010]

“The Dollar is our currency, but your problem”
-John Connolly, 1971

“If the United States is to achieve its export goal...it will need strong global economic growth to boost demand. It will also need a weaker U.S. dollar -- or stronger Chinese yuan -- to make its goods more competitively priced.”
--Emily Kaiser

“Commodity markets have good antennae and have already smelled a depletion in Indian buffer stocks as the government tries to cool prices by releasing subsidised foodgrains... Check the futures on wheat — they are indicating more upsides in prices over the long term.”
--Vijay L Bhambwani

“President Bush increased government spending more than any of the six presidents preceding him, including LBJ.  In his last term in office, President Bush increased discretionary outlays by an estimated 48.6 percent. “
--Veronique de Rugy

"“Palin recently endorsed Rand Paul, the son of Texas Rep. Ron Paul, in the GOP primary for U.S. Senate in Kentucky. She said she was attracted to his limited government platform...”
--Judson Berger

“What they're working on today there in Congress and the White House, it needs to die."
-Sarah Palin

http://www.foxnews.com/politics/2010/02/07/palin-willing-obama/

Your problem: war is not disaster. War
Is not exclusive. Trade without a bound
Impoverishes: death becomes a score
In decimals, a margin that once crowned
The British Empire ruler of the slaves.
So Sarah Palin lacks the intellect
To match her venal ways? She won't make waves.
She's not a threat to merchants who direct
A raid and plunder policy at home,
Abroad as well. We buy our books online:
The poor buy grain that way as well. By foam
It's shipped. Gone too, their wealth, by ocean tine;
To vaults unknown, but ruled from city spires—
By keyboard, hand and phone—by Bloomberg wires.

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