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To: TobagoJack who wrote (59898)	2/2/2005 8:18:08 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Jay, that is fun. Poor old Yanks. Can't cope with competition. Tax cuts with one hand, tax increases with the other. Oh well, poor old USA taxpayer gets it in the neck yet again. Personally, I think if taxes are going to be taken, they might as well be taken at the border, where government controls, inspections and bulk handling goes on and at the interface with those against whom military services are required. <WASHINGTON (AFP) - China would have a six-month deadline to revalue its currency under a bill to be introduced in the US Senate amid charges the yuan is wreaking havoc on the US economy, officials said. At least a dozen senators from both President George W. Bush (news - web sites)'s Republican Party and the Democratic Party have agreed to co-sponsor the bill, Israel Klein, spokesman for one of the senators, told AFP. "It will be introduced hopefully tomorrow or in the coming days and would require China to abide by international trade agreements and stop manipulating the value of its currency," said Klein, speaking on behalf of New York Democrat Senator Charles Schumer, who is spearheading the proposed legislation. He said the legislation would give China "a window of 180 days" to revalue its currency or face a 27.5 percent tariff on all Chinese manufactured goods entering the United States. The Bush administration has often complained that the yuan, which is fixed to the US dollar, is grossly undervalued and thus keeping China's exports artificially cheap, undermining US exports and putting many Americans out of work.... > It will be better to live in NZ where we don't have such tariffs, quotas etc against imported goods [though there are still some remaining from the bad old days]. Meanwhile, my good mate Uncle Al KBE gave me another pay increase. I get 4 Happy Meals a week now, more than I did a year or so ago. I'm now up to 2.5% instead of 0.9% at the bottom. Now, off to enjoy yet ANOTHER fantastic, clear, blue, summery day. Mqurice

To: TobagoJack who wrote (59898)	2/2/2005 8:22:10 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 74559

Hi Jay, Thanks for providing the link to the latest bluster-bubble from the U.S. Senate. They don't call this group "blowhards" for nothing. As if we didn't already realize it, the U.S. govenment seems intent on raising the bar for hypocrisy to levels never before seen in the history of humanity. And on to the "State of the Union" speech in an hour..... How many more wars will we need in order to get things right? Stay tuned, perhaps we'll find out. <grin/no gringo> Cheers, Ray :)

To: TobagoJack who wrote (59898)	2/3/2005 2:41:13 AM
From: elmatador	Read Replies (2) \| Respond to of 74559

<US Senate to mull deadline for China to revalue yuan> Outcomes: 1) China will speed up the market diversification to quicklier establish new markets for its exports!! 2) The Europeans -who are already suspicious those 'savages' will team up with India and South Africa leaving Europe on a weaker position- will get even more worried!! (Good for that S. American country. Europe needs it as an allied :-) We nudged one step closer to Point B. It is unstoppable.