Home »  Archives for Douglas Rediker

By Douglas Rediker

Who Needs a “G-2”? Here Comes the S&ED

-

22

Tomorrow, senior government officials from the U.S. and China will meet in Washington for the inaugural Strategic and Economic Dialogue, a.k.a. the S&ED, which is the successor to the Bush Administration’s Strategic Economic Dialogue – or SED.
The meeting, at which top level delegations from the world’s two most powerful nations get down to business and discuss some of the world’s most pressing issues side by side – or at least across the same table, represents far more than a shift in punctuation. It is a test of whether the Obama Administration can present a unified front and demonstrate that it is serious about working together to improve and expand the U.S.’s relationship with China.

“ Amerika has allowed the freaks in the fascists evangelical christianright to demonize science, and brute and teach the laughable joke… ” Soma on August 8, 2009

Rebalancing Global Currency Reserves

-

10

At this morning’s superb economic event at the New America Foundation and in testimony before the Senate Foreign Relations Committee yesterday, there was a lot of discussion about China’s recent proposal to consider a move away from the US dollar and towards the use of a new “super-sovereign reserve currency.

“ An international currency of the sort the Chinese central bank has suggested has existed for 40 years—the IMF’s Special Drawing… ” Warren Coats on March 28, 2009