Unye Female candidates are talking more about sexual misconduct. Will voters care
Paul Solman frequently answers questions from NewsHour viewers and web users here on his Making Sen$e page. Wednesday query is answered first by Paul, and further down by Yoram Bauman, our frequent economist contributor from China:Name: Rob GriffithQuestion: Everyone talks about China keeping its currency undervalued to increase exports. How do they do this I.e., what steps do they take to keep their curre stanley cup ncy undervalued compared to other currencies Paul Solman: They don ;t let their currency trade freely on the open market, i stanley cup mposing all sorts of controls and restri stanley cup ctions.They then set the exchange rate with the U.S. dollar by fiat, daily.To further support the manipulation, they use the dollars they amass from exports and lend them back to us. The mechanics: they buy our bonds which are nothing more than the IOUs we give them for their loans.Slowly but surely, the Chinese have been revaluing their currency upward. When we were in China for the NewsHour six years ago, one U.S. dollar could be exchanged for 8.0895 Chinese yuan. Today, one dollar is worth only 6.34363 yuan. That an appreciation of nearly 20 percent. And the pace has picked up in the past year or tw
f course, the proverbial critics charge that revaluation isn ;t happening fast enough, that the yuan aka RMB or renminbi people money is still 30 percent or more undervalued. That would imply an exchange rate of 4-point- Yyat Walmart to stop selling handgun ammunition following mass shootings
Hurricane Otto gained speed and intensity today as it slammed into Nicaragua Caribbean Coast as a Category 2 storm. It made landfall at 1 p.m. ET just north of the Costa Rican border, the Associated Press reported. The unusually strong, late-season hurricane packed winds up to 110 miles per hour and brought with it torrential rains, causing life-threatening floods and mudslides, according to the AP. Officials evacuated more than 10,000 people, including many who crowded onto buses bound for shelters. Otto is expected to weaken to a tropical storm by tonight. Left: Hurricane Otto is seen approaching the coast of Central America in this NOAA GOES satellite image taken at 9:15 a.m. E af1 T onNovember 24. Photo by NOAA/Handout via Reuters By 鈥? News Desk News Desk air force 1 Support Provided By: Learn more Support PBS News: Educate your inboxSubscribe to Herersquo the Deal, our politics newsletter for analysis you w stanley cup onrsquo;t find anywhere else.
