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Consider this: More government, more freedom

While I was driving across the Colorado Avenue bridge into downtown the other day, a billboard caught my eye. “Less Government, More Freedom,” it proclaimed, touting the candidacy of a local political hopeful. That’s a common campaign theme for Republicans and Libertarians. It sounds plausible — who among us hasn’t railed at the inefficiencies, incompetence… Continue Reading Consider this: More government, more freedom

Trade deficit widens to $48.8 billion in December

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Monthly U.S. exports to Europe grew in December, a hopeful sign after a steep decline the previous month. But, some economists remain concerned that the region’s debt crisis will still weigh on the U.S. economy this year. The Commerce Department said Friday that the overall trade deficit widened to $48.8 billion in December because imports… Continue Reading Trade deficit widens to $48.8 billion in December

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Lawmakers seek tougher stance on China trade

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House lawmakers are urging the administration to apply more pressure on what they call China’s “predatory” trading practices, but show division on whether to pass legislation punishing China for manipulating its currency. House Ways and Means Committee members presented a long list of grievances they say contribute to China’s massive trade advantage, including its undervalued… Continue Reading Lawmakers seek tougher stance on China trade

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House Speaker John Boehner on Tuesday dismissed a Senate bill that could punish China for undervaluing its currency, saying it was “pretty dangerous” for Congress to tell another country how to run its monetary policy. Boehner’s statement to reporters came a day after the Senate voted 79-19 to advance legislation making it easier to impose… Continue Reading Boehner dismisses move to punish China on currency

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GM OK’s electric vehicle cooperation with China

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General Motors Co. agreed Tuesday to deepen cooperation with its flagship Chinese partner on development of electric vehicle know-how amid pressure from Beijing to hand over proprietary technology. GM would not say how much it’s investing in the venture with Chinese state-owned partner Shanghai Automotive Industrial Corp., and gave few details of the deal. The… Continue Reading GM OK’s electric vehicle cooperation with China

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About 2.8 million jobs, largely in manufacturing, have been lost as a result of the growing U.S. trade deficit with China, since that country’s entry into the World Trade Organization in 2001, according to a study released by the Economic Policy Institute. Colorado lost more than 55,000 jobs, according to EPI. The growing U.S. trade… Continue Reading Report: More than 2 million manufacturing jobs lost

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Solar energy exports top $5.6 billion

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U.S. Solar Industry exported $5.6 billion last year, according to the U.S. Solar Energy Industry Association. The biggest export item was photovoltaic components, which accounted for more than 99 percent of last year’s exports, with solar heating and cooling equipment claiming the remainder. For the manufacturing industry, 2010 was a record year for the photovoltaic… Continue Reading Solar energy exports top $5.6 billion

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China, the biggest buyer of U.S. Treasury debt, increased its holdings in May for the second straight month, after five months of declines. Total foreign holdings of Treasury securities also rose, as Japan and the United Kingdom, the second and third-largest overseas owners of Treasurys, boosted their stockpiles. China’s U.S. debt holdings increased $7.3 billion… Continue Reading China boosts holdings of US Treasury securities

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General Motors says it sold more cars and trucks in China last year than it did in the U.S. for the first time in its 102-year history. The company sold 2.35 million vehicles in China. That’s about 136,000 more than it sold in the U.S. GM says sales in fast-growing China were up 28 percent,… Continue Reading GM’s China sales pass US for first time in history

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Oil falls on supplies and concerns about China

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Oil prices sank Thursday on fresh concerns that demand could weaken if China takes more steps to control its economic growth. Benchmark oil for March delivery lost $2.19 at $88.67 a barrel in midday trading on the New York Mercantile Exchange. New data showed China’s economy grew 9.8 percent in the fourth quarter despite several… Continue Reading Oil falls on supplies and concerns about China

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