4-2-2010 Friday – More Google and China

 A couple of links to stories from today’s Morning Addition on NPR.

The first link is an interview with Zachary Karabell   author of “Superfusion:  How China and America Became One Economy and Why the World’s Prosperity Depends On It“. 

AUDIO LINK:  http://www.npr.org/templates/player/mediaPlayer.html?action=1&t=1&islist=false&id=125487042&m=125487060

TRANSCRIPT LINK:  http://www.npr.org/templates/story/story.php?storyId=125487042

I am going to look up reviews on the book and add it to my nook reading list at B&N.

The next link discusses how China is manipulating its currency.  It was very insightful to me…basically US Businesses pay China in $’s then the Chinese Businesses go to the ‘bank’ to get the currency exchanged…so, as demand goes up for the RMB (Renminbi) the Chinese Central Bank just prints more RMB versus letting supply (small) and demand (great) determine the exchange rate…Keeping the RMB down compared to $s makes ours (and most other countries) products stay ‘artificially’ high…

AUDIO LINK:  http://www.npr.org/templates/player/mediaPlayer.html?action=1&t=1&islist=false&id=125487046&m=125487062

TRANSCRIPT LINK:  http://www.npr.org/templates/story/story.php?storyId=125487046

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