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MSNBC
Jan 17, 2011 4:00pm EST
deficit or the jobs lost to china during the past decade. here we want to take this time to bust some myths. for instance, the myth that china owns all of america's debt. well the numbers actually show two third of america's debt is held here at home by american individuals, institutions or your social security funds. in fact, china owns 7.5% of america's debt. not a lot of debt. not a lot of leverage there. or claims that china has a strong economy and doesn't need the united states. claims that nearly half of americans believe. the fact of the matter is china would be running a big trade deficit not a big trade surplus if it was not for the american exports that they continue to profit from by violating trade agreements, reciprocity. we have the leverage on our grossly unfair trade relationship. the question is do our politicians have the leverage to tell american special interests like american corporations that have invested in china that they are going to do this and hurt some private interests here in america that are in cahoots with the chinese government. that's how we see it.
MSNBC
Oct 3, 2011 4:00pm EDT
. >>> i hope this will motivate china to stop devalving the yuan on its own. i also know it will send a strong message to the chinese that americans will no longer ignore their blatant unfair trade practices. >> if only those trade practices weren't advocated and paid for by domestic american ceos who benefit from their investment in china. that will be the ultimate reconciliation. and another emphasis, i might add, to get the money out. that's senate majority leader harry reid, by the way, he's speaking this afternoon ahead of a pivotal vote on the china currency. the aim on that particular bill, whether it passes or not, so to engage whether, in fact, we can cease china's ability going back to 1994 to sell everything that we would sell, in theory, for 50 cents less. the bill ultimately wouldn't make it harder for the treasury, to avoid, which it has been doing, labeling china what it is, a currency manipulator. confronting china, just one of the steps that our next guest says america must take if we want to reclaim our seat at the head of the world's table, if there is a head of the
MSNBC
Nov 12, 2010 4:00pm EST
in china. you can't turn on the tv or pick up the newspaper without hearing about those draconian proposed cuts to trim our deficit. but the story with a far greater impact on your life, your job or why you don't have one are why, again, the situation is as dire as it is is on the other side of the pacific ocean. here's why. >> reporter: medicare. social security. defense. all potentially on the chopping block as our politicians try to show that they are cutting off america's credit card. and they are doing it with cuts to programs that out of work americans may depend on the most when times for them are the toughest. so of those cuts could even lead to more job losses. but even if some genius in washington were able to slash government spending to zero, we still wouldn't solve our actual problem. which is that the banking system and trade policies in this country are depriving america of the investments it so desperately is in need of. that in part represented by our trade deficit topping $200 billion just last month. instead of stopping the money pouring out of our country, poli
MSNBC
May 4, 2012 1:00pm PDT
, absent of calling china a currency manipulator, engaging in real reform and health and energy reform so that we have the reversal of this extraction? >> well, it's much larger than more deficit spending can handle. since the unemployment rate peaked at 10% in october 2009, it's come down to 8.1%. 80% of that reduction has been from fewer americans looking for work. the adult participation rate going down month after month after month. as relentlessly people become discouraged in this economy. we can turn this around and it does require congressional and presidential action. for example, let's start drilling for oil. we can increase oil production in the united states by $4 milli 4 million barrels a day. it won't be done in places like nigeria. and we need to do more than label china a currency manipulator. we need to take absolute firm action that generates results. >> yep. so here's what's frustrated me which you two will appreciate over three years of doing this every day through various iterations and climates. my newest opinion, if you will, jared, is this. that the way th
MSNBC
Nov 30, 2010 4:00pm EST
cuts, that leaves the country, what's the point of cutting taxes if the money just goes to china, but doesn't seem to be worried about that. we here hoping for a more bipartisan progress on -- joining us now, republican senator tom coburn of oklahoma. senator, it's a pleasure to have you back in the mix here. >> good to be with you. >> in your opinion of today's meeting? >> i think it's a good first start. the report i got, there was good communication, frank discussions that aren't going to be talked about so things can actually get down, so i'm hopeful that will happen. >> we know that this country is suffering from a lack of investment and trade policies that while they claim they are free, in reality, are too often rigged. investment policies that are too often don't encourage investment. do you get any sense beyond debating tax cuts or some deficit cutting, both of which are obviously on the table, whether there's going to be in really policy conversation about driving investment or job creation in this country? >> i think what you'll see come out of the deficit commission this w
MSNBC
Nov 29, 2010 4:00pm EST
widely held s suspicions of things like china orchestrating a hacking. that perhaps the worst kept secret that appears to have been confirmed in these cables and perhaps among the most disturbing, further evidence that saudi arabia and their ongoing battle are iran, the line drawn in the middle of the middle east continues to be incredibly active as saudi arabia lobbies the u.s. to escalate with iran at the same time that we provide arms to saudi arabia. is saudi arabia causing america to fight its wars and is china paying off american corporations for cheap labor while they send us the unemployment and steal our technology. these, just the fringes of these documents. we haven't gotten into pakistan, north korea. we've spent some of the last day and a half reading through some of the juicier secrets, but let's talk to some folks who not only have read a lot more, but understand more about the implications of this type of information. we begin with josh rogen, a senior staff writer. also with us, old friend of the show, brett mcgirk, who served in high level posts for the bush and obama ad
MSNBC
Jan 21, 2011 4:00pm EST
president obama tapping the head of a company with a huge stake in china, general electric, to oversee his new panel on jobs. ge chairman jeff immelt charged with finding new ways to encourage the private sector to hire and invest in american workers. >> our success in these efforts will be determined not only by what we built in ska knecht did i, but what we can sell in shanghai. we need to export more goods around the world. that's where the customers are, it's that simple. >> ge's china sales are rising about 20% per year, with $33 billion in revenue from china. timed to coincide with the visit from president hu jintao. the deals could generate $2.1 billion in sales and create up to 5,000 new jobs in the u.s. the panel shifting focus away from stabilizing the economy and towards creating new jobs. so is the ge approach, finding overseas markets for american products the right model for doing that? how do you create jobs at home when many think including jeff immelt himself that the future of global growth lies in china? joining us now from the university of california irvine
MSNBC
Mar 1, 2012 4:00pm EST
notable than the china syndrome. from our trade agreements to its effect on currency manipulation, china continues to elevate as a hot talking point on the political campaign trail. >> we want to work with china to make sure that everybody is working by the same rules of the road. that includes ensuring that there is a balance trade flow. >> how has china been so successful in taking away our jobs? let me tell you how. by cheating. on day one, i will declare china a currency manipulator. >> we hear a lot about what we have to do to compete with china. what i have just laid out will compete with china. >> to have the most productive workers in the world to compete with china and india and win the competition. >> but remember, trade wars go back to the dutch, go back to marco polo. countries have been fiddling with things because it's a nice way to bring money to your country. as we explain in "greedy bastards," all of us have to understand what it is we have gotten ourselves into when dealing with china. this shoud not be a polarized campaign talking point of demons and villains an
MSNBC
Sep 29, 2010 4:00pm EDT
the life of every single americans, china, decisions in beijing shaping everything from prices at walmart to america's unemployment rate. why are so many u.s. companies, u.s. companies, putting their interests in china ahead of america's interests in jobs here at home? >>> also, the white house reportedly taking political advice from michael dukakis. yes, that michael dukakis. we will mix it up on the democrats' plan, or lack there of, of the midterm elections. >>> and the premier of follow the money. a special segment featuring our man on k street, registered lobbyist jimmy williams with an insiders a look at the secret and sometimes sordid business of buying secret influence in our government. the show starts right now. >>> bosnia' fight our another day in the job wars, the president about to hold another one of his living room economic discussions, this the latest photo op presenting the "real housewives" of richmond, virginia, proceeded this morning by the real housewives of des moines, the president trying to show he is on top of the crisis. we have seen how he has actually d
MSNBC
Jan 29, 2010 4:00pm EST
our debt, russia, and china. using their u.s. holdings in a threatened attempt to bring america to the brink. let's break it down. on yesterday's senate vote, our government essentially upped their credit card limit to create programs and spending and loop hole, all the things that they do, to $14.3 trillion. that's on everybody's bill, right? so how do we end up as a country so deep in the red? after being in a surplus a decade ago? as we all know, a series of decisions by our congress and the presidents in recent years, cutting taxes while at the same time spending money they did not have by borrowing against the credit card of anybody who is still alive and young and intends to live for longer than the next few minutes. not to mention new and legacy entitlement programs expanded, and multiple wars. all with tax cuts. and it's not just the public debt. that $14.3 trillion. wall street got into the act and used deregulation, corrupted the language of innovation and applied it to banking, and got in bed with complicit politicians eager to trade easy housing for you in order to get
MSNBC
Jan 19, 2011 4:00pm EST
movement in this country. the show starts right now. >>> well, all this week we're confronting china. today president obama had a perfect opportunity to do the same thing, holding talks with president hu jintao at the white house. but this afternoon, the president more focused on the language of cooperation rather than confrontation. >> we will cooperate, forging partnerships and making progress that neither nation can achieve alone. in other areas we'll compete, a healthy competition that spurs both countries to innovate and become even more competitive. >> well, currency rigging, you're familiar, lack of reciprocity, they have access to our markets, we do not to theirs. rampant intellectual property theft, all critical issues that must be addressed to establish not so much free trade but fair trade. president obama did say today he and president hu discussed all three, and china agreed to work on them. is that it? early on it was clear what kind of day this was going to be, a red carpet welcome, a meeting with some of china's biggest fans. big businesses like microsoft ceo steve ba
MSNBC
Oct 19, 2011 4:00pm EDT
german banks and the french banks are the ones who lent them the money in the first place. china lends us money. >> where do you think the germans and french got their money, too? >> from the chinese. >> from american banks and american savers. i mean, it is a global problem, and we're all linked to this, but -- >> how do you talk about it in a way that it makes it -- right now it's it's the greek unions or -- >> you localize it. you say, guys, this is what happens to you if we continually fail with policy in our own country. if we continue to have debates like we had, the republican debate. >> the debt ceiling debate. >> we paper over real issues, we are going to have problems like this in greece. this is a debt problem. there's too much debt. they don't have the capacity to pay it off. homeowners in america are facing similar problems and if we continue to fail from a policy perspective we'll see the same civil unrest. >> speaking of localizing, and imogen you just said, that the united states is very exposed. can you talk about or can either of you talk about why what's happening th
MSNBC
Mar 8, 2012 1:00pm PST
story out of the middle east, the wild card is china. the news is america and iran. the chinese have their hands in two of the biggest conflicts that are happening right now in the middle east and can influence the temperature both in iran and in syria. first in syria, a major market for chinese goods and choina's deep into the oil industry, they have the leverage to both cool or escalate things in that conflict. it's one of the reasons that the world watchers say china blocked the security council resolution that condemned syria. the latest estimate now 7,500 for sure reported killed by assad in what has turned into a murderous battle and the casualties are not actually known. in iran, at least as it relates to china, there's evidence that beijing companies have for years been supplying iran with materials and technology that could contribute to their ability to build long-range missiles. that's not a hugely-new piece of information, but it's important to bare that in mind. i want to start with the news of the day. and how much is real. with us right now, msnbc correspondent richard
MSNBC
Aug 6, 2010 4:00pm EDT
years later the company store is in china along with jobs. today's job report not good news for the country or those out of work. the unemployment rate holding steady at 9.5%. that was the good news. only 71,000 new jobs were created in the private sector. and add that to the labor department's downward rescission of june's job growth to 31,000. and news that thousands more have dropped out all together. you get a dismal picture from employment and america. word that the president's most optimistic adviser is leaving. it's good news too to be growing again at a robust 3.5%. it safely created about 2 million jobs. that's an important accomplishment. >> we have a beautiful spring day. we do have positive jobs numbers. i am not worried about a double dip. we see sort of slow, study employment growth in the private sector. >> or not. christina romer was leaving. she said she was frustrate that had she didn't have as much access to the president. with larry, the sinking ship summers whispering in the president's ear, it's no wonder the economy is still in the tank and the banksters have
MSNBC
Aug 4, 2011 4:00pm EDT
prosperity. china has many of its own problems, and as we all know, it is a popular political punching bag for our own problems. sometimes justifiably, perhaps. but even so, is indicting china really how we're going to solve our problems? next. the angth author of a new book. what americans do not understand about china and that we need to do move forward. ben and his family live on this block. ben's a re/max agent, and he's a big part of this community. re/max agents know their markets, and they care enough to get to know you, too. nobody sells more real estate than re/max. visit remax.com today. you know, when i got him on e-trade he was all like "oh no, i cannot do investing." that's actually a perfect enzo. but after a couple educational videos, and a little hand holding from customer support... next thing you know he's got a stunning portfolio. now he's planning to retire in tuscany. we're both pretty emotional about it. shhhh, don't say a word. you're welcome. [ male announcer ] e-trade. investing unleashed. constipated? phillips' caplets use magnesium, an ingredient that works more
MSNBC
May 3, 2012 4:00pm EDT
you. i'm dylan ratigan. today's big story, confronting china and specifically understanding the problem so that the way you confront china actually helps you solve it. secretary of state hillary clinton and treasury secretary tim geithner in beijing right now at an economic conference, but an unplanned evidence, a human rights issue grabbing the spotlight. if you haven't heard it, here we go. a blind human activist has escaped a chinese house arrest. this blind chinese activist took refuge at the u.s. embassy in beijing when hillary clinton and tim geithner were there. the prisoner says he was being punished in response to his opposition to the management of their one-child rule, they are now telling the daily beast that he and his family want out of china and they want to do it on hillary clinton's u.s. state department plane right now while she's in town today, let's go. he claims police reportedly beat his family during their house arrest. he fears what they'll do next if he's forced to leiave the embassy. hillary clinton stopped short of this this morning, but did not act fo
MSNBC
Aug 26, 2010 4:00pm EDT
band, one of the strongest advocates of investment in the country and dealing with china head on. it's a pleasure to see both of you. you have the article, steve. we have four things here. bring on the share economy, as you say. every man and woman is an entrepreneur. what is the basis for this list. then wuk us through this is the list. >> we have the normal rates. but we asked people experts, give us ideas that aren't going to get people's hackles up. if an immigrant wants to come in the country, if he starts an company that needs employees, that reduces the time he gets a green card. if he hires ten people for a period of time, he get t it right away. >> shared economy is a company will commit to have a certain percent of revenues go to jobs, so the more people you hire, the existing workers give lower pay, but it gives them incentive to bring in more revenue. it turns out to be a win-win. this was suggested 25 years ago. "the new york times" loved the idea. but it went nowhere. then the minimum wage. young people need the experience in the workforce to get the skills to go up
MSNBC
Feb 24, 2011 4:00pm EST
>> the presidents come and go but the problem remains the same, china sells, we buy, while our cash goes there, all their stuff comes here. the port of oakland, gateway to the pacific for more than a century, ground zero for our trade relationship with china now. if you want to understand this number, look no further. right now, reversing the tides, and once again, getting more than we give. steel on wheels has gone coast to coast. and live from the port of oakland, the show starts right now. >>> and welcome to the port of oakland, our second stop in this february tour of steel on wheels and the perfect site to tackle one of our nation's most pressing issues. our trade deficit. good afternoon, to you. i am dylan ratigan and right now we're bleeding money, talent and we're bleeding jobs as a nation. for every 78 cents that we earn, selling americanmade goods we send a dollar out of our country buying goods from overseas.ç the bulk of those goods come from china, and in that specific relationship we only get 1/4, 25 cents for every dollar that americans send to china in trade. the d
MSNBC
Aug 12, 2010 4:00pm EDT
to 484,000. and it's not just the robots taking our jobs. our trade deficit with china went to the highest level in he nearly two years as it was reported out this week. through the opportunity to employ chinese slaves to make us ipod along with a rig currency. tough to pass that up. one of the most obvious signs, the stock market. largely driven by money invented by the federal government. over the past decade to the returns to you, the investor, and your 401(k) and your pension, nonexistent after ten years of activity. proof that the capital market structure in my opinion, no longer works. it is designed to make money away from investors when the capital market should be putting into the country and creating jobs. for those who say the economy is recovering, all be it slowly, in a way you're right. corporate profits are back. the banks look good. unfortunately at this point, it's a recovery whose foundation is built on the destruction of american jobs without any plan that's apparent to me to fix the capital structure of this company that's causing it. >> joining me now economist
MSNBC
Aug 19, 2010 4:00pm EDT
to china, work 18 hours a day and take 20 cents an hour, i have plenty of american companies looking for a good strong back like yours. [ male announcer ] if you have type 2 diabetes, you struggle to control your blood sugar. you exercise and eat right, but your blood sugar may still be high, and you need extra help. ask your doctor about onglyza, a once daily medicine used with diet and exercise to control high blood sugar in adults with type 2 diabetes. adding onglyza to your current oral medicine may help reduce after meal blood sugar spikes and may help reduce high morning blood sugar. [ male announcer ] onglyza should not be used to treat type 1 diabetes or diabetic ketoacidosis. tell your doctor if you have a history or risk of diabetic ketoacidosis. onglyza has not been studied with insulin. using onglyza with medicines such as sulfonylureas may cause low blood sugar. some symptoms of low blood sugar are shaking, sweating and rapid heartbeat. call your doctor if you have an allergic reaction like rash, hives or swelling of the face, mouth or throat. ask your doctor if you also
MSNBC
Dec 28, 2011 1:00pm PST
from the european debt crisis, china's bubble perhaps bursting, and other 2012 alarms. all part of a broader picture of continued tough times in america piling stress on the middle class. take a look at this. this chart might look like a bunch of spaghetti lines, but our friends over at calculated risk blog show how deep and long this employment slump is versus past downturns. others have been deep but short lived or shallow and long, but this is the first time in the modern era job growth has been hit so hard for so long. that's a bad piece of spaghetti. we're not helplessç in the fac of this. things we can and must do to reverse the 2012 outlook. that's why dylan is heading out on a 30 million jobs tour next month. but to get us all clear and how to think about the stakes, we've got a man who spent much of his career advising presidents on just these questions, so think of this as your personal presidential briefing on the 2012 economy. princeton economics professor allen binder was a former vice chairman of the fed and an economic advise err during the clinton years. thanks very
MSNBC
Oct 11, 2010 4:00pm EDT
kaufman, thank you so much, sir. >> thanks for having me on. >>> still ahead, china admitting the truth finally about the currency rigging that's handicapping our economy. turns out you're suffering so the chinese government can avoid a domestic revolt and stay in power. it's in the monday megapanel. >>> plus, from fiery to inflammatory. a politician's offensive comments about gay americans and what that says about the fight for gay rights. it's our "daily rant." jonathan capehart, we'll be with him in just a second. but first, a little fun in outer space. why not? one small step closer to making space tourism a reality. i hope my name's still on the list for a ticket. we're back after this. it's work through the grime and the muck, month. tow and pull without getting stuck month. sweat every day to make an honest buck...month. and if you're gonna try and do this in anything other than a chevy... well, good luck...month. great deals on the complete family of chevy trucks all backed for a hundred thousand miles. it's truck month. during truck month, use your all-star edition discount for
MSNBC
Nov 14, 2011 1:00pm PST
, enough's enough. the president talking tough on china, but will he actually bring out the big stick? >>> and jihad jane. she was branded a terrorist and lost everything, including her citizenship. now she's trying to clear her name and reclaim her life. nada proudy is our guest in the moments to come. a little at a time...d y but actually we do -- and my kids would be like, "awesome, mom!" oh! i did not see that. [ male announcer ] layaway's back for christmas in our toys, electronics, and jewelry departments. [ female announcer ] we never forget the nearly 12 million cancer survivors in america today... and the countless lives lost. we owe it to them to protect funding for cancer research, prevention and access to care. congress, make cancer a priority and give millions of americans what they need most. we don't want anything to slow us down so it's surprising that most women aren't getting enough calcium. with over 25 flavors, yoplait original gives you 50% of the daily value of calcium in every cup. >>> we've spent a lot of time on this show examining the abuse of access and powe
MSNBC
Sep 21, 2011 4:00pm EDT
. one in 1994, china rigged their currency at a 50% discount to the u.s. dollar. >> yes. >> we have been suffering the effects of that since 1994. >> right. >> and done nothing about it. >> secondarily, china taxes american imports to china at 25%. >> exactly. >> we tax chinese imports to america at 2.5 mis. how would your piece of proposed legislation address those two problems? >> well, they would have to stop that because that's an unfair practice. >> so how would that happen? >> either the corporations who are agreed or congress could bring unfair practices against that country and stop trade until it is addressed. >> so here's -- i get that. >> the first time we've ever said that we are going to enforce this and the american worker is going to be benefited by the fact that their government is standing up for them. you know, we can't call ourselves a superpower when we don't make anything. if we have to depend on another country to provide everything we use, including everything in our military machines, we haven't made any electronic components in years. we need to get back to manuf
MSNBC
Jan 3, 2011 4:00pm EST
manufacturing in taiwan and china. if you haven't added a job, you're not making progress. >> isn't the premise of capitalism, if i have a business and it is profitable, those profits and its expansion should be happening in direction correlation? isn't the whole premise aligned interest that you only make money when you solve somebody's problem and you do that by hiring people? >> not if you have a system that's rigged to you can manufacture in china to service the market here without exporting to china because we do a lot of borrowing. which is the system that both bush and barack obama have maintained. we have to acknowledge that if we're going to be prosperous in the long run, we have to make things here. even if not to sell them here, to sell them abroad for other things we use. there has to be a balance. >> doug, what is the relevancy of the government's identification of corporations of people to this conversation? >> well, it's the supreme court's relevance or decision that corporations have the same rights as we the people. the idea is basically when the constitution says t
MSNBC
Feb 6, 2012 4:00pm EST
citizens, but the resolution was vetoed by russia and china. russia only a few weeks before selling military equipment to syria. it's tough when you're doing business. we're also seeing fresh fallout after obama administration levied new sanctions against iran. that move coming at the same time we're seeing renewed tensions over concerns that the israelis are trigger happy when it pertains to iran's nuclear program. if that's not enough to get your attention, good times, egypt now says it will push forward prosecuting 49 workers, including 19 american citizens. this on charges they have been using illegal money in egypt to support anti-government protests in egypt with out of country money. among those being referred to the criminal court is sam lahood, who is the son of ray lahood. secretary of state hillary clinton reportedly telling egypt's foreign minister that continuing these investigations will risk losing u.s. aid. bear in mind, egypt instrumental in diplomacy with israel to be a peacemaker. not to mention the u.s. money really the big deal going into egypt. lots to talk abo
MSNBC
Sep 20, 2010 4:00pm EDT
china, i know glenn doesn't agree, but we have to do something fundamental about the trade deficit with china if we're going to have enough to mend for what americans make so we can get out of this recession. >> glenn, do you agree that there appears to be at the least, an aspect of denial when it comes to policy action from our government? >> i think it's a different focus. the president has pursued an agenda in policy that's not that related to employment. if we wanted to raise employment, we'd stop creating so much policy uncertainty and stop raising the cost of hiring. >> if you were to look at the comments from colin powell other the weekend where he was emphatic in making the point that he believes this president should be focusing on employment, at what point, whether looking at the tea party, which i view as -- if you were to look at any variety of the blow back or instability, am i crazy, glenn, that this is being driven by the underemployment problem in this country? >> that's a big chunk of it. if we want to deal with a long-term problem, we have to have a long-term solu
MSNBC
Feb 3, 2010 4:00pm EST
read and consider carefully before investing. >>> china is not waiting. it is moving. and already the anticipation is that they will lap us when it comes to clean energy. >> oh, to say the least. they may lap us when it comes to dirty energy, too. today's "by the numbers" comes from the other side of the world. just this past weekend the "new york times" reporting china has become the largest maker of wind turbines in the world, leaping past its biggest competitors, including us in the united states. that, i hate to say it, just the beginning. since 2007, forget alternative energy, china has become the world's largest manufacture of solar panels for themselves and export and the "times" reporting that china is pushing to build nuclear reactors and clean-coal power plants. we love to pump our money to foreign oil suppliers, namely those who would like to kill us. what, you might think, is china doing away from alternative energy? well, let me tell you. in recent years, china in addition to their alternative energy development has been the biggest buyer of major oil reserves on earth, o
MSNBC
Feb 15, 2012 1:00pm PST
all roads lead back to china. this is not their fault by the way. they are the ones who have the leverage however to intervene. they are the ones who are preventing even deeper sanctions versus iran for the simple reason that china is largely dependent on iran for much of its oil. in fact, china is one of the top importers of iranian oil trying to keep their country functioning and fully employed. china was the number one importer of iranian oil until just last month when india who was also desperate to bring oil into their country actually found a way to sneak around the iranian sanctions and begin to bring oil into their country from iran. so you've got the leverage to intervene with iran with china. theoretically leverage in the united states to intervene with israel but heat level in that region rising and not falling and at this point no alignment between the united states and china as it pertains to dealing with the middle east. here to help put all of this in context two men have spent plenty of time involved with all of the minutia, tactical, diplomatic, and sort of high
MSNBC
Sep 29, 2011 4:00pm EDT
delivery that goes with you. >>> china illegally subsidizes their industries, they underpay their workers, they skirt environmental regulations, and ignore the tenants of global trade rule after trade rule after trade rule. they get away with economic murder. >> new york senator chuck schumer saying the sort of thing i might say. some rather harsh words about the chinese extraction from our economy, and well placed, in my view. he's proposing a bill along with a bipartisan group of democrats and republicans to impose tariffs on chinese imports in an effort to compensate from the advantage they get by rigging their currency 50% beneath our own, going back to 1994. this is a political home run for both parties, and you'd think the president would be into it too, right? >> you're not sure whether you're going to support this? >> we're reviewing the bill. >> do you have any idea when you might have a conclusion to that review? >> not that i could offer today. >> a tepid response, to say the least, from a white house whose treasury department led by tim geithner has refused to engage c
MSNBC
Jul 29, 2011 1:00pm PDT
such a huge trade deficit subpoena we need to start by redefining our trade relationship with china. free trade with china is not working it's not balanced. it must be based on balanced trade or we shouldn't have it at all. that's a bit of a xach ebbation. >> i get that. what i'm getting at, whether it's trade reform or a trade debate. agree with you or some other version of what to do with china, bank reform or bank debate, agree we me or somebody else. tax reform. neither political party, peter will talk about tax reform, trade reform or bank reform. >> absolutely. at the most fundamental level our politicians have to let go of ideology. president obama is a captive. free trade ideology and doesn't understand the theory of free trade as we teach where i teach and any other university including mr. somers. likewise, more and more expensive regulations don't solve the problem, the slick wall street lawyers can get them around it. wep need to regulate them more smartly. on the republican side they've got to let go of their ideological problems. namely, the notion that few regulation
MSNBC
Feb 1, 2012 1:00pm PST
intriguing. mitt romney has also brought up the issue of the rigged trade with china. i don't know whether it's campaign fodder. i'm not experienced enough with this to be able to feel like i can differentiate between red herrings and not but i'd be interested in your view on romney's use of trade rhetoric which i've seen superficially to be rational and attractive. we need to deal with china. chuck schumer the democrats talk about him as well and then also the bank rhetoric. and am i seeing an illusion in the water because of what i want or is that the real thing? >> you know, he said he would declare china a currency manipulator on day one of his presidency. i was in china in november and i asked a number of chinese officials how they reacted to that. and they were very blase' about it. they basically said, look. if you go back and look at the last several presidential elections, just before election time, all these presidential candidates, democrats and republicans, like to sound tough on china and threaten to do all kinds of things. you heard president obama talking about it in his sta
MSNBC
Apr 19, 2010 4:00pm EDT
synthetics they create here doesn't help us as our economy is imploding. china is becoming the biggest market possible and we give them incentive to do this, it doesn't make sense. >> there are scenarios we could create in our head. i don't know it how do we get access, congressman, to more information period so whether it is journalists like myself, poll particula politicians like you or others who can make more informed and intelligent decisions to help our country going forward opposed to satisfy whatever your emotional disposition may be. >> one thing that will come out is airing of what exactly happened inside these invest why bank banks. this is pervasive and we should be concerned about that. the other thing we need to do is to pass good compelling financial regulatory reform which drags these markets which here to for traded in the shadows into exchanges on clearing houses so that all of us, regulators and the market, gets to look at who is taking the risk. >> we should not be giving government taxpayer backed guarantees to entities like goldman or anybody else and using those
MSNBC
Apr 19, 2011 4:00pm EDT
huntsman had like -- >> that was the china trade rep? >> yeah, 1,900 people on facebook like him. barack obama 19 million, sarah palin, 2.6 million. donald trump, i think the largest group was 30,000 on facebook. so what is going to be the disconnect this time around between what the mainstream media covers and what the social media grass rates people -- >> and at the same time is it not true there are people who are very powerful people who have very small social media followings isn followings. >> yes. >> and there are people that have massive followings with very little power. >> yes. >> it's a talent. you think about twitter and facebook status messages, just to know two, you have to know how to say provocative things in a very few number of words. obviously sarah palin is very good at that. people in the obama campaign are very good at that. it remains to be seen how tim pawlenty, who's deadly boring when he's talking, if he can do any of that online. >> i think -- i mean the point here is each candidate has to use this in their own way. sarah palin is a perfect twitter. jus
MSNBC
Apr 29, 2011 4:00pm EDT
. china, south america, the middle east and to a lesser extent our own country. the good news, unstable systems have a way of collapsing. the bad news, we're not write sure how that's going to happen. i'd love for you to look at our latest thoughts on this at dylanratigan.com, about changing the dynamic that is the best of times and the worst of times that is the current global culture that we now live in. and from the violent uprising overseas to the tragedy right back here at home, we'll get you the latest on the enormous impact of those extraordinary and devastating storms in our own country. also ahead, end game for the madoff mess. where we really should be pointing fingers. and, will the real donald please stand up? from the building of his empire to the claims about the vietnam war, are we witnessing the unraveling of the trumpster? ing. in this lab test, one sheet of bounty leaves this surface cleaner than 3 sheets of the bargain brand. why use more when you can use less? bounty. the one-sheet clean picker-upper. ♪ that's the way, uh-huh, uh-huh ♪ ♪ i like it, uh-huh, uh-h
MSNBC
Sep 16, 2011 1:00pm PDT
. we've just been measuring it. and for instance, in china and in india, ambition for women, those who see themselves as very ambitious and want that top job, about 85%. here it's more like 40%. so you know, why is that? a couple of the factors. first off, you know, you're surrounded by 9% growth rates and not a flatlined economies. >> you're saying in the emerging world, there's a lot more opportunity because of all the growth? >> right, right. but it's more than that. take the one child policy in china. that's been kind of magical for women. not only, you know, do you have one or no children, and therefore not a whole lot of burden coming out of that, but for women 32 and younger, they were the only -- they had no brothers. so they got the full flood of their father's ambition. so, guess what, you know, these women are on fire. they're reaching for the sky, and they're confident they can get there. >> sylvia, if you don't mind, obviously, we're not going to institute a one-child policy here, but i am interested in, from a policy perspective, what could we do in the united states
MSNBC
Aug 31, 2010 4:00pm EDT
explain that. the fact is the money is gone. >> if we have a debt to china or saudi arabia. we have to pay it or the bond market will flip out what are you doing? now if we have a debt to the american people, of which we do under social security, and you want to milk them, that is also. you guys spend it on the tax cuts for the rich and senseless ridiculous wars. how about we get our money back? >> well, either the money is spent or it's there as a surplus. >> so you're admitting you spent it? >> the fact is it's gone. it's been consumed and spent. there is no treasury. this year people say for years we would hit it. it has come. we're spending more money this year than taking in. everyone knew it was coming. that day is now upon us. >> that is a blip in the radar because of the recession. every economist agrees it will pay 100% until 2037. are you disagreeing with all those numbers. >> yes. >> yes. >> of course, you are. every single year that comes out of our paycheck. we put it in. and we were suckers. you took the money and gave it to tax cuts to the rich, and you're not going t
MSNBC
Jan 31, 2012 1:00pm PST
have our differences here on earth, but should the u.s. be working together with china on at least one project? and is that project in outer space? a journalist making the case for a collaboration to get the two countries working together. that's coming up. whee wheeeeeeeeeeeee! wheeeeeeeeeeee! whee whee wheeeeeeeeeeee-he-he-heeeeee! whee whee wheeeeeeeeeeee! pure adrenaline. whee whee wheeeeeeeeeeee! everything you love about geico, now mobile. download the new geico app today. whee wheeeeeeeeeeee-he-he-heeeeee! in what passes for common sense. used to be we socked money away and expected it to grow. then the world changed... and the common sense of retirement planning became anything but common. fortunately, td ameritrade's investment consultants can help you build a plan that fits your life. take control by opening a new account or rolling over an old 401(k) today, and we'll throw in up to $600. how's that for common sense? >>> we continue our special auction 2012 report here. bought in collaboration with "the huffington post." yesterday we dissected the "b" in bought and the price
MSNBC
Apr 7, 2010 4:00pm EDT
targets iran, et cetera, without dealing with fact that china is one of the primary providers of money to iran as an oil buyer, not to mention iran's role as the arms for heroin dealer in afghanistan? are we kidding ourselves to talk with the middle east, if you don't deal with china and russia? >> well, this is already a comprehensive plan if you want to expand it to china, sure, it will complicate it a little bit more but i think that -- >> but i'm not trying to complicate it. i'm saying if iran gets their money from china and you're saying you want to deal with iran, what's your plan if you're not going to deal with china and they're still going to have all the money and still trading heroin for guns with afghanistan, right? am i crazy? >> well, no, you're not crazy. and it's a fair point. but i haven't seen any news reports that say we're not considering china. >> fair enough. >> and i think bringing iran into this actually boldened, possibly brilliant. hey, we want to resolve this situation with iran, so it gives them a higher incentive to do these peace talks so i think it'
MSNBC
Feb 28, 2011 4:00pm EST
arrangements with china. oh, yes, forgot about those, didn't we? >>> first, how our favorite british bookie made out after an academy award that was long on favorites and short on entertainment. we'll be right back. [ male announcer ] this is lara. her morning begins with arthritis pain. that's a coffee and two pills. the afternoon tour begins with more pain and more pills. the evening guests arrive. back to sore knees. back to more pills. the day is done but hang on... her doctor recommended aleve. just 2 pills can keep arthritis pain away all day with fewer pills than tylenol. this is lara who chose 2 aleve and fewer pills for a day free of pain. and get the all day pain relief of aleve in liquid gels. rely on e-trade. find investments with e-trade's top 5 lists. use pre-defined screeners. work smarter. not harder. depend on yourself to take charge of your financial future. e-trade. investing unleashed. >>> the academy love a film where someone's won over adversity, throw a bit of period drama in it, it's a complete shoo-in. >> and the oscar goes to -- "the king's speech." >> you know wha
MSNBC
Jun 12, 2012 4:00pm EDT
. we know that the primary leverage in syria, those outside syria, it's either russia or china. you can complain to the president or the european in europe. the power of money in syria comes through that part of the world. listen to hillary clinton today, our secretary of state on russia and whatever leverage we may be able to accumulate. >> we have in front of the russia russians, stopping their continued arms shipments to syria. they have from time to time said that we shouldn't worry. are we tahinking the shipping i unrelated to their actions internally. that's untrue. and we are concerned about the latest information we have that there are attack helicopters on the way from russia to syria. >> how much does this escalate that the u.s. secretary of state is directly confronting russia, exclusively. she says we have confronted the russians about stopping their continued arms shipment. that would seem by my measure, a meaningful diplomatic escalation. >> absolutely. particularly if you consider like putin's telling you don't worry about it. this is a guy who just passed regulations
MSNBC
Dec 19, 2011 4:00pm EST
, an opportunity for china to expand its field of power. does anybody in the west really have the leverage, the united states or anybody else, to prevent china or iran for that matter, for really taking political advantage of the geographic nature of the fact that the person they're talking about is next door to them, not us. >> can i put a more optimistic spin on this? is that allowed? >> sure. >> i think with north korea, this is one of the worst governments in the world. it's a brutal dictatorship. we've seen now, you know, even sort of the pretext of being a communist party dictatorship is not the case anymore. it's become that red their. and particularly given the fact that we are living in this time when we're seeing dictators topple like dominos, i'm not predicting revolution in north korea, but i think instability could be kind of good for the people of north korea. >> imogen? >> i think, certainly, in iraq, with what's going on with the arab spring, you want governments with credibility. so i'm more hopeful with what's going on there than what's going on with north korea.
MSNBC
Aug 16, 2011 1:00pm PDT
-- >> because they're making phones in china with trade free trade? tell the truth. where does motorola -- >> they're all made in china. >> there. go on. >> had to get in china somehow. >> google to china by way of motorola. >> give away search, they make a lot of money or ad. an ad system that makes more money than on any economic period. those phones for google, they give away the phones right now to companies like motorola, samsung, because they're trojan horses for the google products in there. if you have a phone with google search built in, google maim built in. >> going after google customers. they're going to take over -- is that good for -- that's good for google, but is that good for susan? >> it will be good for susan, because by disrupting the business model, everyone else has to respond to paying less. google doesn't like systems -- >> i'm a little bit of a cynic. where's it going to get me? there's got to be a bust. >> if the only place you'll be able to go to get information and content in the world is a google screen. they wantç -- a monopoly of information ma
MSNBC
Jul 12, 2010 4:00pm EDT
apathetic are perfectly happy basically with a slave culture of illegals and outsourced slaves in china making jooi phones at foxconn and that for as much as we talk about the liberation of the slaves and we like to pat ourselves on the back for the civil war. got a big statue of abe lincoln. we've altered the color of slaves and moved them to other countries. is that too extreme, matt? >> are we going to talk about lebron james now? >> lebron james is the master on that one. we all know the loss to lebron james is lebron james. if you ask the kids making iphones for americans at foxconn in china. they may think they're more like a slave. >> there's certainly a segmented of the population who doesn't mind illegal immigration. they see it as a good thing. i don't know if i would go as far as you did. but they have different motives. most americans want to fix the problem. look, we have to secure the border first. >> hold on one second. i agree with you on the border. you say the vast majority of americans want to fix the problem. >> i think so. >> i don't necessarily disagree with that.
MSNBC
Apr 4, 2012 1:00pm PDT
? >> absolutely not. america comes down to four things right now. china, energy, health care and banking. on two of those issues, romney is clearly different than the president. it's going to be an interesting face-off. >> which two? >> on trade with china and on energy. he wants to do something about china. president obama has decided not to. and on energy, he wants to drill. president obama has shut that down. on health care, you've got to admit, mass care and obama care look a lot alike. and on banking, all romney promises is to do better than obama but doesn't tell us how. >> in a sense, and no one contests this, jonathan, the president has aspired to many things and done some good things, but has left himself very vulnerable on issues like banking reform, unemployment. at the same time you look at the ryan budget as the latest example, the republicans seem like a political party desperate to make sure that they always look crazier than the people in charge. >> yes. so a lot of these things that we talk about on the show and what peter talked about in terms of china and drill
MSNBC
Mar 11, 2011 4:00pm EST
think it's related at all, but this happened in china in the 1970s where there was a cluster of earthquakes, then it moved to another area and they successfully predicted an earthquake and then the prediction was for it to happen in the next area and instead, it happened over there. so prediction is a very dicesy came when it comes to earthquakes. >> is there any information that suggests that an earthquake on one part of the earthquake could trigger another on the opposite side of the earth? >> the earth does essentially ring like a bell when a large magnitude takes place and it's possible that the energy dispersion could cause other events elsewhere? >> and why is it still so difficult to create something that would be an earthquake warning? >> not possible. too many variables. the earth's crust beats to a very different metronome. >> you mentioned there's one school of thought, duration between large quakes increases the probability of large quakes. another school of thought, large quakes begat more large quakes. where do you come down in that debate? >> honestly, my specialt
MSNBC
Feb 3, 2012 4:00pm EST
solution to deal with china. . >> jared, you agree with the framing of this conversation. you're fully aware and obviously, an advocate of having a robust investment culture in america. we all know the investment culture in this country by litany of levers needs significant improvement. the question that's been occurring to me, jared, is how do we explore and benefit from the short-term stability we have achieved through the money printing and exploitation of our status as a reserved currency to get away with a stunt like this. how do we exploit the stability not to interpret it as we're out of the woods, but as a stable platform to engage in an intelligent debate as adults about how we're going to cultivate the investment culture for the next hundred years knowing we don't have it now. >> the answer to that is for us all to recognize that with the progress we made, we have a fragile recovery. the reason is because investment in our workforce remains relatively low. we still have currency issues. we certainly would like to see the manufacturing going in the right direction. the b
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