U.S. Consumers Face Global Balance Challenge
U.S. shoppers may drive a fragile global balance as Europe cuts spending and China floods markets with cheap goods. With unemployment near 10 percent, Americans are urged to save more and curb debt while policy makers push for higher exports and a weaker yuan to rebalance economies.
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Europe
China
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United States
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Barack Obama
Beijing
America’s
Clyde Prestowitz
Asia
Dealers seek exemption from new federal auto finance rules
After months of lobbying auto dealers near a compromise to exempt their financing from tougher federal regulation opposed by the Obama administration. A House Senate committee draft could bring the measure to debate soon. The deal would align with a earlier 60 30 Senate vote backing the exemption.
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Barack Obama
Defense Department
E-reader price war tightens as Kindle and Nook drop prices
Amazon cut the Kindle to 189 while Barnes & Noble lowered the Nook to 199 and announced a $149 Wi-Fi Nook. The rapid price moves widen the gap to Borders Kobo and Apple iPad, stirring a small yet growing e reader market. Barnes & Noble and Amazon shares fell while Nook Wi-Fi ships this week with AT&T Wi-Fi access and page-number jumps.
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BalAm MA
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Supreme Court lifts ban on Monsanto Roundup Ready alfalfa
The Supreme Court ruling reverses a 2007 ban and clears the way for the USDA to permit interim planting of genetically engineered alfalfa with safeguards to limit cross pollination. The decision could affect approval processes for other biotech crops including sugar beets.
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USS. Supreme Court
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Center For Food Safety
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Department of Agriculture
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