Update II: Judging from NewPage's testimony before Congress, the complaint was not a "direct attack on yuan undervaluation" as I characterize it below. NewPage claimed that the Chinese pulp and paper industry was benefiting from preferential government loans and preferential treatment from government-owned banks, and did not stake its claim on the broader issue of... Read More
The application of the CVD (countervailing duty) regime to China over the price of coated paper is a big thing. Anti-dumping penalties—the preferred mechanism in the past—made assumptions about Chinese costs and made the call that U.S. prices were below cost i.e. dumping. The countervailing duty regime is an assertion that Chinese prices are so... Read More
Talk TV sensationalists and axe-grinding ideologues have fallen for a myth of immigrant lawlessness.
What Was John McCain's True Wartime Record in Vietnam?
The evidence is clear — but often ignored
The unspoken statistical reality of urban crime over the last quarter century.
The major media overlooked Communist spies and Madoff’s fraud. What are they missing today?